RE:WB special meeting management information circular is out I didn't realize it was in the terms of the agreement that the BoD has to shill for the 2nd tranche. Good to know.
Change in Recommendation and Failure to Obtain Shareholder Approval
If there is a Change in Recommendation for any reason and Shareholder approval of the Berkshire Second Tranche is not obtained, then the terms of the Berkshire Credit Facility described below shall automatically revert to an interest rate on outstanding balances of 9.5% and a standby fee on undrawn funds of 1.75%. The cost to the Corporation of the increased standby fee in these circumstances would be equal to a maximum of C$15 million, or 3.75% of Berkshire’s total approximate C$400 million equity commitment under the Transaction.