Examples of Target Optionholders in a sentence
At the request of SS&C, Target will provide SS&C, on a timely basis, with all financial and other information concerning Target and its subsidiaries that SS&C reasonably requires in order to prepare the Offer Documents in accordance with the Securities Laws, and will otherwise use all reasonable commercial efforts to cooperate fully with SS&C in the preparation of the Offer Documents so that they may be sent to Target Shareholders and Target Optionholders promptly.
As of the date hereof, the Target Board, after consultation with its financial and legal advisors, has determined that the Plan of Arrangement is fair to the Target Shareholders and is in the best interests of Target and has resolved to recommend to the Target Shareholders and Target Optionholders that they vote in favour of the Arrangement Resolution.
As of and from the Effective Time, this Plan of Arrangement shall be binding upon the Target and the Buyer, the Target Shareholders (including Dissenting Target Shareholders), the Target Optionholders, the Depositary and the registrar and transfer agent of the Target, without any further act or formality required on the part of any person except as expressly provided herein.
Target will use its reasonable commercial efforts to assist, and to cooperate with, SS&C in sending the Offer Documents to Target Shareholders and Target Optionholders, including, without limitation, providing to SS&C as soon as practicable upon request, from time to time, lists of the registered holders and beneficial owners of Target Shares and Target Options.
SS&C will send the Offer Documents to Target Shareholders and Target Optionholders by mail, and will file the Offer Documents with the applicable securities regulatory authorities in accordance with the Securities Laws.
The Target Shareholders and Target Optionholders shall be bound by any amendment or waiver signed by the Target or the Shareholders’ Agent.
Target will send the Directors’ Circular to Target Shareholders and Target Optionholders by mail, and will file the Directors’ Circular with the applicable securities regulatory authorities, in accordance with the Securities Laws; provided that Target will use all reasonable commercial efforts to prepare the Directors’ Circular as quickly as practicable so that it maybe sent to Target Shareholders and Target Optionholders with the Offer Documents.
At Closing, in accordance with the terms of the stock option plan and stock option agreements governing the Target Options, the Purchaser will assume the Target Options and the Target Options will become exercisable by the applicable Target Optionholders into an aggregate of 4,647,732 Purchaser Shares at an exercise price of $0.08 per Purchaser Share, as further set out in Schedule B attached hereto, with no action required on the part of the Target Optionholders.
At Closing, in accordance with the terms of the stock option plan and stock option agreements governing the Target Options, the Purchaser will assume the Target Options and the Target Options will become exercisable by the applicable Target Optionholders into an aggregate of 4,670,025 Purchaser Shares at an exercise price of $0.08 or $0.11 per Purchaser Share, as applicable, as further set out in Schedule B attached hereto.
Target will give prompt written notice to Target Optionholders of such amendment to the terms of the Target Options and upon the commencement of the surrender period.