Common use of Adjustment Event Clause in Contracts

Adjustment Event. If and whenever the Company or (pursuant to arrangements with the Company) any other person or entity shall issue, wholly for cash or for no consideration, any Share-Related Securities or shall grant to any existing securities so issued such rights as to make such securities Share-Related Securities as a result of which, in each case, persons to whom the Share-Related Securities or such rights are issued or granted have the right to acquire Common Shares at a Consideration per Common Share which is less than 100%, of the Current Market Price of the Common Shares on the Exchange Business Day immediately preceding the date of the first public announcement of the terms of issue of such Share-Related Securities or the terms of such grant, the Exercise Price shall be subject to adjustment in accordance with this Section 12(g). However, if any such issue or grant also falls within the terms of Section 12(d) (Common Shares, Securities Rights and Share-Related Securities Issued to Shareholders), Section 12(e) (Issue of Other Securities to Shareholders) or Section 12(f) (Issues of Common Shares at Below Current Market Price), the Exercise Price shall not be subject to adjustment in accordance with this Section 12(g).

Appears in 4 contracts

Samples: Warrant Agreement (Glencore International PLC), Warrant Agreement (Glencore Holding Ag), Warrant Agreement (Polymet Mining Corp)

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Adjustment Event. If and whenever the Company or (pursuant to arrangements with the Company) any other person or entity shall issue, wholly for cash or for no consideration, any Share-Related Securities or shall grant to any existing securities so issued such rights as to make such securities Share-Related Securities as a result of which, in each case, persons to whom the Share-Related Securities or such rights are issued or granted have the right to acquire Common Shares at a Consideration per Common Share which is less than 100%, of the Current Market Price of the Common Shares on the Exchange Business Day immediately preceding the date of the first public announcement of the terms of issue of such Share-Related Securities or the terms of such grant, the Exercise Price shall be subject to adjustment in accordance with this Section 12(g13(g). However, if any such issue or grant also falls within the terms of Section 12(d13(d) (Common Shares, Securities Rights and Share-Related Securities Issued to Shareholders), Section 12(e13(e) (Issue of Other Securities to Shareholders) or Section 12(f13(f) (Issues of Common Shares at Below Current Market Price), the Exercise Price shall not be subject to adjustment in accordance with this Section 12(g13(g).

Appears in 3 contracts

Samples: Warrant Agreement (Polymet Mining Corp), Warrant Agreement (Glencore Holding Ag), Purchase Agreement (Polymet Mining Corp)

Adjustment Event. If and whenever the Company Issuer or (pursuant to arrangements with the CompanyIssuer) any other person or entity shall issue, wholly for cash or for no consideration, any Share-Related Securities or shall grant to any existing securities so issued such rights as to make such securities Share-Related Securities as a result of which, in each case, persons to whom the Share-Related Securities or such rights are issued or granted have the right to acquire Common Shares at a Consideration per Common Share which is less than 100%, 85 per cent. of the Current Market Price of the Common Shares on the Exchange Business Day immediately preceding the date of the first public announcement of the terms of issue of such Share-Related Securities or the terms of such grant, the Exercise Conversion Price shall be subject to adjustment in accordance with this Section 12(g)Condition 24. However, if any such issue or grant also falls within the terms of Section 12(d) Condition 21 (Common Shares, Securities Rights and Share-Related Securities Issued to Shareholders), Section 12(e) Condition 22 (Issue of Other Securities to Shareholders) or Section 12(f) Condition 23 (Issues of Common Shares at Below Current Market Price), the Exercise Conversion Price shall not be subject to adjustment in accordance with this Section 12(g)Condition 24.

Appears in 1 contract

Samples: Trust Deed (Bema Gold Corp /Can/)

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Adjustment Event. If and whenever the Company Issuer or (pursuant to arrangements with the CompanyIssuer) any other person or entity shall issue, wholly for cash or for no consideration, any Share-Related Securities or shall grant to any existing securities so issued such rights as to make such securities Share-Related Securities as a result of which, in each case, persons to whom the Share-Related Securities or such rights are issued or granted have the right to acquire Common Shares at a Consideration per Common Share which is less than 100%, of the Current Market Price of the Common Shares on the Exchange Business Day immediately preceding the date of the first public announcement of the terms of issue of such Share-Related Securities or the UK/1244295/33 - 26 - 246135/70-40262323 terms of such grant, the Exercise Conversion Price shall be subject to adjustment in accordance with this Section 12(g)Condition 23. However, if any such issue or grant also falls within the terms of Section 12(d) Condition 20 (Common Shares, Securities Rights and Share-Related Securities Issued to Shareholders), Section 12(e) Condition 21 (Issue of Other Securities to Shareholders) or Section 12(f) Condition 22 (Issues of Common Shares at Below Current Market Price), the Exercise Conversion Price shall not be subject to adjustment in accordance with this Section 12(g)Condition 23.

Appears in 1 contract

Samples: Trust Deed (BMB Munai Inc)

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