Examples of Subco Common Shares in a sentence
The authorized capital of Novicius Subco consists of an unlimited number of Novicius Subco Common Shares.
There are no shareholders’ agreements, pooling agreements, voting trusts or other similar agreements with respect to the ownership or voting of any of the Xxxxxxx Common Shares or Subco Common Shares.
Any Employee who is living in camp accommodations paid by the Employer may, on any weekend, vacate or check out of such accommodation and the Employer shall pay such Employee twenty dollars ($20.00) per day.
There is not in the constating documents or by-laws of Novicius Subco, or in any agreement, mortgage, note, debenture, indenture or other instrument or document to which Novicius Subco is a party, any restriction upon or impediment to the declaration of dividends by the directors of Novicius Subco or payment of dividends by Novicius Subco to the holders of the Novicius Subco Common Shares.
The (i) Subscription Receipts shall have been exchanged into Subco Common Shares and Subco Warrants in accordance with its terms and (ii) the Special Units shall have been exchanged into Apogee Common Shares and Apogee Warrants in accordance with its terms, provided that each exchange may occur immediately prior to the Effective Time, and the Escrowed Proceeds shall have been released from escrow.
As of the date of this Agreement, 100 Novicius Subco Common Shares are issued and outstanding as fully paid and non-assessable shares of Novicius Subco all of which are held in the name of Xxxxxxxx.
With respect to the issuance of the Subco Consideration Shares, Subco will add to the stated capital for the outstanding Subco Common Shares the amount of the Purchase Price.
All of the issued and outstanding Subco Common Shares have been duly authorized, are validly issued, were not issued in violation of any pre-emptive rights and are fully paid and non-assessable, are not subject to pre-emptive rights and were issued in full compliance with the laws of its jurisdiction of organization and Subco's notice of articles and articles.
Subco hereby pays the Purchase Price to Broadway in full by issuing to Broadway, as fully paid and non-assessable shares, such number of Subco Common Shares as are required to be issued so that, after such issuance, the number of outstanding Subco Common Shares is equal to the number of Broadway Common Shares outstanding at the Effective Date (excluding Broadway Common Shares held by shareholders dissenting to the Arrangement) (the “Subco Consideration Shares”).
Except for this Agreement, there are no outstanding options, warrants, subscriptions, conversion rights, or other rights, agreements, or commitments obligating Subco to issue any additional Subco Common Shares, or any other securities convertible into, exchangeable for, or evidencing the right to subscribe for or acquire from Subco any Subco Common Shares.