Purchaser Subco definition

Purchaser Subco means a wholly-owned direct subsidiary of the Purchaser to be incorporated under the BCBCA for the purposes of completing the Merger.

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Purchaser Subco means 13283941 Canada Inc., a corporation continued under the CBCA and a wholly-owned subsidiary of the Purchaser.

Purchaser Subco means 1268442 B.C. Ltd.;

Examples of Purchaser Subco in a sentence

• The Purchaser shall receive on the Merger and amalgamation one Mergerco common share in exchange for each Purchaser Subco common share previously held and each Company Share (other than Dissenting Shares held by Dissenting Shareholders who are ultimately determined to be entitled to be paid fair value for their Dissenting Shares in accordance with Article 4) shall entitle the holder thereof to the Consideration.

• The stated capital account maintained for the subordinate voting shares of Mergerco will be equal to the aggregate of the paid-up capital, for purposes of the Tax Act, of the Purchaser Subco shares held by the Purchaser and the Company Shares, immediately prior to the Merger.

• The Purchaser shall receive on the Merger and amalgamation one Mergerco subordinate voting share in exchange for each Purchaser Subco common share previously held and each Company Share (other than Dissenting Shares held by Dissenting Shareholders who are ultimately determined to be entitled to be paid fair value for their Dissenting Shares in accordance with Article 4) shall entitle the holder thereof to the Consideration.

• The stated capital account maintained for the common shares of Mergerco will be equal to the aggregate of the paid-up capital, for purposes of the Tax Act, of the Purchaser Subco shares held by the Purchaser and the Company Shares, immediately prior to the Merger.

• At the Effective Time, the Purchaser shall cause Purchaser Subco to deliver such number of ORAs to the Trust.

• Any such certificate formerly representing outstanding Company Shares not duly surrendered on or before the sixth anniversary of the Effective Date shall cease to represent a claim by or interest of any former Company Shareholder of any kind or nature against or in the Parent, the Purchaser, the Purchaser Subco or the Company.

• Upon delivery of such notice to Purchaser Subco and the Vendor at or before the Closing Time, Purchaser Subco shall be bound by the Purchaser’s obligations and entitled to exercise the Purchaser’s rights under this Agreement.

• No bona fide legal or regulatory action or proceeding will be pending or threatened by any Person to enjoin, restrict or prohibit the Business Combination or any other of the transactions contemplated hereby, or the right of Purchaser, Subco or the Company, to conduct, expand, and develop their business or cause any component of the Business Combination or any transaction related to the Business Combination to be rescinded following consummation.

• Immediately following issuance of the Consideration Shares, the issued and outstanding shares in the capital of Purchaser Subco will consist of 60 Class A Shares issued to Purchaser Holdco and 40 Class B Common Shares, being the Consideration Shares, issued to the Vendor.

• In no circumstances shall Purchaser, Subco, the Company or any other Person be required to recognize a Person exercising Dissent Rights unless such Person is a registered holder of Company Shares in respect of which such Dissent Rights are sought to be exercised.

More Definitions of Purchaser Subco

Purchaser Subco means a subsidiary of the Purchaser that will at the Effective Time acquire the ORAs and contribute them to the Trust;

Purchaser Subco means 1268442 B.C. Ltd., a newly incorporated wholly-owned subsidiary of Nomad; “QEF” means a “qualified electing fund”, as defined in the Code.

Purchaser Subco means 1446978 B.C. Ltd., a direct wholly-owned subsidiary of the Purchaser and an indirect wholly-owned subsidiary of Tecpetrol.

Purchaser Subco means (i) a corporation incorporated under and governed by the laws of Canada or a province of Canada that is resident in Canada for purposes of the Tax Act and is not resident in any other jurisdiction for tax purposes, and that is, on the Effective Date, a direct or indirect wholly-owned Subsidiary of the Parent and is a creditworthy entity, or (ii) Purchaser, as designated by Purchaser in a written notice to be sent by Purchaser to Company on or before the date that is four (4) Business Days prior to the Effective Date (and failing such designation, the Purchaser Subco shall be the Purchaser).

Purchaser Subco has the meaning set forth on the first page of this Agreement.