Common use of Action Requiring Adjustment Clause in Contracts

Action Requiring Adjustment. In case the Corporation, after the date hereof, shall take any action affecting the Common Shares, other than the actions described in this Article 4 which, in the opinion of the Directors or the Warrant Agent would materially affect the rights of the Holders and/or the acquisition rights of the Holders, then that number of Common Shares which are to be received upon the exercise of the Warrants shall be adjusted in such manner, if any, and at such time, by action of the Directors, in their discretion as they may reasonably determine to be equitable to the Holders in such circumstances, subject to the prior consent of the TSX or any other exchange on which the Corporation’s securities are then listed.

Appears in 5 contracts

Samples: Dragonwave Inc, Dragonwave Inc, Bridgeport Ventures Inc.

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Action Requiring Adjustment. In case the Corporation, after the date hereof, shall take any action affecting the Common Shares, other than the actions described in this Article 4 which, in the opinion of the Directors or the Warrant Agent would materially affect the rights of the Holders holders and/or the acquisition rights of the Holdersholders, then that number of Common Shares which are to be received upon the exercise of the Warrants shall be adjusted in such manner, if any, and at such time, by action of the Directors, in their discretion as they may reasonably determine to be equitable to the Holders holders in such circumstances, subject to the prior consent of the TSX or any other exchange on which the Corporation’s securities are then listed.

Appears in 3 contracts

Samples: Warrant Agency Agreement, Warrant Agency Agreement (Alignvest Acquisition Corp), www.sagicor.com

Action Requiring Adjustment. In case the Corporation, after the date hereof, shall take any action affecting the Common Shares, other than the actions described in this Article 4 which, in the opinion of the Directors or the Warrant Agent would materially affect the rights of the Holders and/or the acquisition rights of the Holders, then that number of Common Shares which are to be received upon the exercise of the Warrants shall be adjusted in such manner, if any, and at such time, by action of the Directors, in their discretion as they may reasonably determine to be equitable to the Holders in such circumstances, subject to the prior consent of the TSX CSE or any other exchange on which the Corporation’s 's securities are then listed.

Appears in 1 contract

Samples: sedar-filings-backup.thecse.com

Action Requiring Adjustment. In case the CorporationCompany, after the date hereof, shall take any action affecting the Common Shares, other than the actions described in this Article 4 5 which, in the opinion of the Directors or the Warrant Agent Trustee would materially affect the rights of the Holders Warrantholders and/or the acquisition rights of the HoldersWarrantholders, then that number of Common Shares which are to be received upon the exercise of the Warrants and the Exercise Price shall be adjusted in such manner, if any, and at such time, by action of the Directors, in their discretion as they may reasonably determine to be equitable to the Holders Warrantholders in such circumstances, subject to the prior consent of the TSX or any other exchange on which the Corporation’s Company's securities are then listed.

Appears in 1 contract

Samples: LLC Interests Purchase Agreement (Northern Orion Resources Inc)

Action Requiring Adjustment. In case the Corporation, If after the date hereof, the Company shall take any action affecting the Common Shares, other than the actions described in this Article 4 4, which, in the opinion of the Directors or the Warrant Agent Trustee would materially affect the rights of the Holders and/or the acquisition rights of the Holders, then that number of Common Shares which are to be received upon the exercise of the Special Warrants shall be adjusted in such manner, if any, and at such time, by action of the Directors, in their discretion as they may reasonably determine to be equitable to the Holders in such circumstances, subject to the prior consent of the TSX or any other exchange on which the CorporationCompany’s securities are then listed.

Appears in 1 contract

Samples: sec.report

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Action Requiring Adjustment. In case the CorporationCompany, after the date hereof, shall take any action affecting the Common SharesUnits, other than the actions described in this Article 4 which, in the opinion of the Directors or the Warrant Agent Trustee would materially affect the rights of the Holders and/or the acquisition rights of the Holders, then that number of Common Shares which are to be received upon the exercise of the Special Warrants shall be adjusted in such manner, if any, and at such time, by action of the Directors, in their discretion as they may reasonably determine to be equitable to the Holders in such circumstances, subject to the prior consent of the TSX or any other exchange on which the Corporation’s Company's securities are then listed.

Appears in 1 contract

Samples: LLC Interests Purchase Agreement (Northern Orion Resources Inc)

Action Requiring Adjustment. In case the Corporation, If after the date hereof, shall take the Company takes any action affecting the Common Shares, other than the actions described in this Article 4 4, which, in the opinion of the Directors or the Warrant Agent Trustee would materially affect the rights of the Holders and/or the acquisition rights of the Holders, then that number of Common Underlying Shares which are to be received upon the exercise of the Special Warrants shall be adjusted in such manner, if any, and at such time, by action of the Directors, in their discretion as they may reasonably determine to be equitable to the Holders in such circumstances, subject to the prior consent of the TSX TSXV or any other exchange on which the CorporationCompany’s securities are then listed.

Appears in 1 contract

Samples: Special (Sandspring Resources Ltd.)

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