Subco Preferred Shares definition

Subco Preferred Shares has the meaning set out in the Recitals;

Subco Preferred Shares means the preferred shares in the capital of Subco having substantially the rights, privileges, conditions and restrictions set forth in Schedule “F”, and each having a redemption amount determined in accordance with Section 5.1;

Subco Preferred Shares has the meaning specified in the Conversion Inducement Agreement.

Examples of Subco Preferred Shares in a sentence

• No action of the shareholders of Subco which has not been taken is required to authorize the issuance and delivery of the Subco Preferred Shares.

• No order suspending the sale or ceasing the trading of the Common Shares, or the issuance of the Initial Shares, the Subco Preferred Shares or the payment of the Contingent Cash Payments, has been issued by any court, securities commission or regulatory authority in Canada or the United States.

• Except as contemplated herein (including the distribution of the Subco Preferred Shares or the Debentures to certain of the Partnership's limited partners), the Partnership is acquiring the Subco Preferred Shares for investment purposes only, and not with a view to, or for, resale, distribution or any present intention of distributing or selling the Initial Shares or the Subco Preferred Shares or any part thereof.

• To the knowledge of the General Partner, after reasonable inquiry, no order suspending the acquisition of the the Subco Preferred Shares by the Partnership or the conversion of the Debentures has been issued by any court, securities commission or regulatory authority in Canada or the United States, and no proceedings for such purpose are pending or threatened.

• At the request of the Corporation, each Investor agrees to make and cause to be filed an election under subsection 85(1) or 85(2) of the ITA, as applicable, in respect of the transfer of Subco Preferred Shares transferred by such Investor, at an elected amount equal to the fair market value of the Subco Preferred Shares transferred by such Investor.

• This Agreement, the Ancillary Agreements and the Conversion Inducement Agreement constitute the entire agreement between the parties hereto pertaining to the transfer of the Subco Preferred Shares upon the conditions described herein and supersede all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties and there are no other agreements between the parties in connection with such subject matter hereof.

• To the knowledge of the General Partner, after reasonable inquiry, no order suspending the transfer of the Subco Preferred Shares, the conversion of the Debentures held by the Investor or the acquisition of the Initial Shares by the Investor has been issued by any court, securities commission or regulatory authority in Canada or the United States, and no proceedings for such purpose are pending or threatened.

• Upon the terms and subject to the conditions of this Agreement, the Corporation shall issue the Initial Shares to the Investors in exchange for the Subco Preferred Shares, free and clear of any Liens, other than Liens created under this Agreement.

More Definitions of Subco Preferred Shares

Subco Preferred Shares means the preferred shares in the capital of Subco having substantially the rights, privileges, conditions and restrictions set forth in Schedule "F", and each having a redemption amount determined in accordance with Section 5.1;

Subco Preferred Shares means the preferred shares in the capital of Subco;

Subco Preferred Shares means the preferred shares in the capital of Subco, having substantially the rights, privileges, conditions and restrictions set forth in Schedule “F” to the New Plan of Arrangement;

Subco Preferred Shares means the 5.50 per cent cumulative redeemable non-voting preferred shares in the capital of Subco;