Examples of SpinCo Shares in a sentence
Without limiting the generality of the foregoing, any Spinco Shares so deducted and withheld may be sold on behalf of the person entitled to receive them for the purpose of generating cash proceeds, net of brokerage fees and other reasonable expenses, sufficient to satisfy all remittance obligations relating to the required deduction and withholding, and any cash remaining after such remittance shall be paid to the person forthwith.
If a Red Lake Shareholder exercises his, her or its Dissent Right, Red Lake shall on the Effective Date set aside and not distribute that portion of the Spinco Shares that is attributable to the Red Lake Shares for which the Dissent Right has been exercised.
The transactions and events set out in §3.1 shall occur and shall be deemed to occur at the Effective Time on the Effective Date for the exchange of Red Lake Class A Shares for New Red Lake Shares and Spinco Shares in the chronological order in which they are set out in §3.1.
Subject to applicable law and to §3.7 hereof, at the time of such compliance, there shall, in addition to the delivery of the New Red Lake Shares and Spinco Shares to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such New Red Lake Shares and/or Spinco Shares, as applicable.
Notwithstanding the foregoing any amendment, modification or supplement to this Plan of Arrangement may be made following the granting of the Final Order unilaterally by Red Lake, provided that it concerns a matter which, in the reasonable opinion of Red Lake, is of an administrative nature required to better give effect to the implementation of this Plan of Arrangement and is not adverse to the financial or economic interests of any holder of New Red Lake Shares or Spinco Shares.