Examples of Share Repayment Right in a sentence
The Corporation will be required to provide the Maturity Notice only if it determines to exercise the Share Repayment Right.
No fractional Common Shares will be delivered upon the conversion of Debentures or exercise of the Share Repayment Right but, in lieu thereof, the Corporation will pay to the Holders, or to the Trustee on account of the Holders if necessary, at the time contemplated in Section 4.02(4) or 4.03(2), as the case may be, the cash equivalent thereof determined on the basis of the Current Market Price of Common Shares as at the date of maturity or conversion, as applicable, less any Taxes required to be deducted.
The Corporation will comply with all Applicable Securities Laws regulating the issue and delivery of Common Shares upon conversion of Debentures or exercise of the Share Repayment Right.
The Debenture Trustee shall have no obligation to calculate or verify the Share Repayment Right.
The Corporation will from time to time promptly pay, or make provision satisfactory to the Trustee for the payment of, all Taxes and charges that may be imposed by the laws of Canada or any province thereof and that will be payable with respect to the issuance or delivery of Common Shares to Holders upon the conversion of Debentures or exercise of the Share Repayment Right pursuant to the terms of the Debentures and this Second Supplemental Indenture.
The Corporation will from time to time promptly pay, or make provision satisfactory to the Trustee for the payment of, all Taxes and charges that may be imposed by the laws of Canada or any province thereof and that will be payable with respect to the issuance or delivery of Common Shares to Holders upon the conversion of Debentures or exercise of the Share Repayment Right pursuant to the terms of the Debentures and this First Supplemental Indenture.
No fractional Exchangeable Shares shall be delivered upon the conversion of Debentures or exercise of the Share Repayment Right but, in lieu thereof, the Corporation shall pay, or cause to be paid, to a Debentureholder who would otherwise be entitled to a fractional Exchangeable Share the cash equivalent thereof (determined on the basis of the Current Market Price on the date of the Conversion Notice or the Maturity Date, as applicable), less any tax required by law to be deducted.
The Company shall pay the principal of and interest on this Note, if and so long as such Note is a Global Note, in immediately available funds (and/or, in the event the Company elects to exercise its Share Repayment Right pursuant to Section 16.07 of the Indenture, Subordinate Voting Shares) to the Depositary or its nominee, as the case may be, as the registered Holder of such Note.
No fractional Freely Tradeable Common Shares shall be delivered upon the exercise of the Common Share Repayment Right but, in lieu thereof, the Corporation shall pay to the Trustees for the account of the holders, at the time contemplated in Section 4.10(d), the cash equivalent thereof determined on the basis of the Current Market Price of the Common Shares on the Maturity Date, provided, however, that the Corporation shall not be required to make any payment of less than $5.00.
The Corporation shall at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue and delivery upon the exercise of the Corporation’s Common Share Repayment Right as provided herein, and shall issue to Debentureholders to whom Freely Tradeable Common Shares will be issued pursuant to exercise of the Common Share Repayment Right, such number of Freely Tradeable Common Shares as shall be issuable in such event.