Examples of Voting Shareholder in a sentence
Each Voting Shareholder will have 60 Business Days from the date such notice is given to take up and pay for any of the shares so offered to the Voting Shareholder.
Any Multiple Voting Shareholder that beneficially owns more than 5% of the issued and outstanding Multiple Voting Shares may submit a written dispute as to the determination of the Multiple Voting Share Conversion Ratio or the arithmetic calculation of the Multiple Voting Share Conversion Ratio, 55% Threshold, or FPI Protective Restriction by the Corporation to the Board of Directors with the basis for the disputed determinations or arithmetic calculations.
The Corporation shall (or shall cause its transfer agent to), as soon as practicable thereafter, issue and deliver at such office to such Proportionate Voting Shareholder, or to the nominee or nominees of such holder, a certificate or certificates for the number of Subordinate Voting Shares to which such holder shall be entitled as aforesaid.
CONVERSION LIMITATIONS Before any Multiple Voting Shareholder shall be entitled to convert Multiple Voting Shares into Subordinate Voting Shares, the Board of Directors (or a delegated committee thereof) shall designate an officer of the Corporation to determine if any Conversion Limitation set forth in this Section 6 shall apply to the conversion of Multiple Voting Shares.
Such conversion shall be deemed to have been made immediately prior to the close of business on the date of such surrender of the Proportionate Voting Shares to be converted, and the Proportionate Voting Shareholder or Proportionate Voting Shareholders entitled to receive the Subordinate Voting Shares issuable upon such conversion shall be treated for all purposes as the record holder or holders of such Subordinate Voting Shares as of such date.