Examples of Standby Subscription Receipts in a sentence
It will take all action as may be required and appropriate so that each of the Rights, the Subscription Receipts issuable upon exercise of the Rights, the Shares underlying the Subscription Receipts, the Standby Subscription Receipts and the Variable Voting Shares underlying the Standby Subscription Receipts have been conditionally approved for listing on the TSX, subject to receipt of customary final documentation.
Subject to and in accordance with the terms hereof, on the Closing Date, the Standby Purchaser will pay, in immediately available funds by wire transfer to an account designated by Postmedia the aggregate purchase price that is payable for the Standby Subscription Receipts to be purchased by it hereunder in accordance with Section 2.3 hereof and Postmedia will issue the Standby Subscription Receipts to the Standby Purchaser.
The closing of the purchase by the Standby Purchaser and sale by Postmedia of the Standby Subscription Receipts to be purchased by the Standby Purchaser hereunder will be completed at the Toronto offices of Goodmans LLP at the Closing Time.
Each of the Standby Purchasers severally (and not jointly and severally) agrees that it will not offer or sell any of the Standby Subscription Receipts or the Common Shares underlying the Standby Subscription Receipts within the United States except, if applicable, for offers and sales in the United States by the U.S. affiliates of the Standby Purchasers.
The Standby Purchasers shall notify Catalyst in writing upon completion of distribution by the Standby Purchasers of the Standby Subscription Receipts and the underlying Common Shares.
In this regard each of the Standby Purchasers severally agrees to exercise its Basic Subscription Privilege in accordance with Section 6.1(f) and agrees to acquire the Standby Subscription Receipts in the proportion set forth opposite its name in Schedule B.
Each of the Standby Purchasers further acknowledges that following the Qualification Period, it may only resell the Standby Subscription Receipts and the Common Shares underlying the Standby Subscription Receipts pursuant to Rule 903 of Regulation S or in a transaction that is otherwise exempt from the registration provisions of section 5 of the 1933 Act.
It will prepare and, on or about the date hereof, it will file with the Canadian Securities Commissions, the Preliminary Prospectus (in the English and French languages, as appropriate), relating to the proposed distribution of the Rights and Subscription Receipts including the Standby Subscription Receipts.
It will take all action as may be required and appropriate so that the Rights, the Subscription Receipts issuable upon exercise of the Rights, the Standby Subscription Receipts and the Common Shares underlying the Subscription Receipts and the Standby Subscription Receipts have been conditionally approved for listing on the TSX, subject to receipt of customary final documentation.
It will consult with the Standby Purchasers and their respective advisors upon their reasonable request regarding the manner in which the Rights Offering, the issuance and sale of the Standby Subscription Receipts and the other transactions contemplated herein will comply with all applicable Securities Laws.