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.
Notwithstanding anything to the contrary contained in this Section 3 or Section 4 hereof, prior to the first such time (the “ Trigger Date”) that the Onex Group (as defined in the Certificate of Incorporation) ceases to beneficially own more than fifty percent (50%) of the then-outstanding shares of the common stock of the Corporation, the Onex Group shall not be subject to the notice procedures set forth in this Section 3 or Section 4 hereof with respect to any annual or special meeting of stockholders.
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.
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.
Upon the Transfer of a share of Multi-Vote Common Stock to any person other than a member of the Onex Group, such share of Multi-Vote Common Stock Transferred shall automatically, and without any notice to or action by the Corporation, the holder thereof or any other person (other than the effectuation of the Transfer), convert into one share of Ordinary Common Stock.