Examples of OBCA in a sentence
The conditions set out in this Part 7 are conclusively deemed to have been satisfied, waived or released when, with the agreement of the Parties, the Articles of Amalgamation are filed under the OBCA to give effect to the Amalgamation.
Upon the satisfaction or waiver of the conditions herein contained in favour of each Party, Target and SubCo shall jointly complete and file Articles of Amalgamation, in duplicate, substantially in the form set forth in Exhibit “A” hereto with the Director appointed under the OBCA, giving effect to the Amalgamation of Target and Subco upon and subject to the terms of this Agreement.
However, if a Dissenting Shareholder fails to perfect or effectively withdraws such Dissenting Shareholder’s claim under the OBCA or forfeits such Dissenting Shareholder’s right to make a claim under the OBCA, or if such Dissenting Shareholder’s rights as a Target Shareholder are otherwise reinstated, such Target Shareholder’s Target Shares shall thereupon be deemed to have been exchanged for Shellco Shares as of the Effective Time as prescribed herein.
In connection with the Target Meeting, registered Target Shareholders will be entitled to exercise dissent rights with respect to their Target Shares in connection with the Amalgamation pursuant to and in the manner set forth in the OBCA.
The Parties agree that SubCo and Target shall amalgamate pursuant to the provisions of the OBCA as of the Effective Date and continue as one corporation on the terms and conditions set out in this Agreement.