Examples of SMTC Nova Scotia in a sentence
SMTC Canada, at the request of SMTC or SMTC Nova Scotia, shall call a meeting or meetings of the holders of the Exchangeable Shares for the purpose of considering any proposed amendment or modification requiring approval pursuant to Section 4.2. Any such meeting or meetings shall be called and held in accordance with the bylaws of SMTC Canada, the Exchangeable Share Provisions and all applicable laws.
Nothing herein shall affect the rights of SMTC Canada to redeem (or SMTC Nova Scotia to purchase pursuant to the Redemption Call Right) Exchangeable Shares, as applicable, in the event of an SMTC Control Transaction.
If SMTC Nova Scotia does not exercise the Redemption Call Right in the manner described above, on the Redemption Date the holders of the Exchangeable Shares will be entitled to receive in exchange therefor the Redemption Price otherwise payable by the Corporation in connection with the redemption of Exchangeable Shares pursuant to this Article 7.
Upon receipt by the Corporation of a Retraction Request, the Corporation shall immediately notify SMTC Nova Scotia thereof.
The Transfer Agent will notify the holders of Exchangeable Shares as to whether or not SMTC Nova Scotia has exercised the Redemption Call Right forthwith after the expiry of the period during which the same may be exercised by SMTC Nova Scotia.
SMTC will cause SMTC Canada or SMTC Nova Scotia, as the case may be, to deposit a sufficient amount of funds in a separate account of SMTC Canada or SMTC Nova Scotia and segregate a sufficient amount of such other assets and property as is necessary to enable SMTC Canada to pay dividends when due and to enable SMTC Canada or SMTC Nova Scotia to pay or otherwise satisfy their respective obligations under Articles 5, 6 or 7 of the Exchangeable Share Provisions, as applicable.
If SMTC Nova Scotia exercises the Redemption Call Right, then on the Redemption Date, SMTC Nova Scotia will purchase and the holders will sell all of the Exchangeable Shares then outstanding for a price per share equal to the Redemption Call Purchase Price.
To exercise the Liquidation Call Right, SMTC Nova Scotia must notify the Transfer Agent, as agent for the holders of Exchangeable Shares, and the Corporation of SMTC Nova Scotia's intention to exercise such right at least 45 days before the Company Liquidation Date in the case of a voluntary liquidation, dissolution or winding-up of the Corporation and at least five Business Days before the Company Liquidation Date in the case of an involuntary liquidation, dissolution or winding-up of the Corporation.
In the case of a Redemption Date established in connection with an SMTC Control Transaction, an Exchangeable Share Voting Event or an Exempt Exchangeable Share Voting Event, the written notice of redemption by the Corporation or the purchase by SMTC Nova Scotia under the Redemption Call Right will be sent on or before the Redemption Date, on as many days' prior written notice as may be determined by the Board of Directors to be reasonably practicable in the circumstances.
In the event of the exercise of the Redemption Call Right by SMTC Nova Scotia, each holder shall be obligated to sell all of the Exchangeable Shares held by the holder to SMTC Nova Scotia on the Redemption Date and, upon payment by SMTC Nova Scotia to the holder of the Redemption Call Purchase Price for each such share, the Corporation shall have no obligation to redeem such shares so purchased by SMTC Nova Scotia or to pay the Redemption Price in respect thereof.