OBCA definition
Examples of OBCA in a sentence
Each holder of Dissenting Shares who becomes entitled under the OBCA Dissenters’ Rights Provisions to payment for Dissenting Shares shall receive payment therefor after the Effective Time from the Surviving Corporation (but only after the amount thereof shall have been agreed upon or finally determined pursuant to the OBCA Dissenters’ Rights Provisions).
At the Effective Time, all Dissenting Shares shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of Dissenting Shares shall cease to have any rights with respect thereto, except the right to receive the fair value of such Dissenting Shares in accordance with the OBCA Dissenters’ Rights Provisions.