Examples of Onex Group in a sentence
This Agreement shall terminate when the Onex Group ceases to hold in the aggregate 20% of the outstanding voting capital stock of the Corporation or when another Person (as defined in Rule 144 of the 1933 Xxx) xxlds in the aggregate a greater percentage of the outstanding voting capital stock of the Corporation than the Onex Group (excluding the Corporation) owns, whichever is earlier.
For purposes of this Section 4.1, the number of Shares owned by any Onex Group Member shall not be deemed to include any portion of the 500 Shares then owned by any Onex Group Member.
The Corporation shall not merge, consolidate, or amalgamate with another corporation, or sell all or substantially all of its assets to another Person, if pursuant thereto any member of the Onex Group is to receive equity securities as full or partial consideration for its Shares unless all Director Holders have the right to receive the same securities in proportion to their respective holdings of Shares.
If, prior to the time when the Corporation becomes a Public Company, the Corporation intends to sell shares of its capital stock or options, warrants, rights to purchase, or securities convertible into, or exchangeable for, shares of its capital stock to any member of the Onex Group for cash, the Corporation shall give notice thereof (the "Sale Notice") to each of the Director Holders.
If the purchaser specifies a limited number of Shares that it is willing to purchase in the aggregate, each Director Holder and the Onex Group Member shall have the right to sell its or his proportion of the number of Shares that the purchaser is purchasing, i.e., the proportion that the number of Shares owned by such Person bears to the aggregate number of Shares owned by the shareholders who are selling Shares.