Adjustment of Number of Common Shares Sample Clauses
Adjustment of Number of Common Shares. The acquisition rights as they relate to Common Shares, attaching to the Warrants in effect at any date, and the Exercise Price in respect thereof, shall be subject to adjustment from time to time as follows:
(a) If and whenever at any time during the Adjustment Period, the Corporation shall:
(i) subdivide, redivide or change outstanding Common Shares into a greater number of shares,
(ii) reduce, combine or consolidate the outstanding Common Shares into a smaller number of shares, or
(iii) issue Common Shares or securities exchangeable for or convertible into Common Shares at no additional cost to the holders of all or substantially all of the outstanding Common Shares by way of a stock dividend or other distribution (other than the issue of Common Shares to holders of Common Shares pursuant to their exercise of options to receive dividends in the form of Common Shares in lieu of Dividends Paid in the Ordinary Course on the Common Shares), (any of such events in these clauses (i), (ii) and (iii) being called a “Common Share Reorganization”), then effective immediately after the record date at which the holders of Common Shares are determined for the purposes of the Common Share Reorganization, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the number of Common Shares outstanding on such record date before giving effect to such Common Share Reorganization and the denominator of which shall be the number of Common Shares outstanding after giving effect to such Common Share Reorganization (including, in the case where securities exchangeable for or convertible into Common Shares at no additional cost are distributed, the number of Common Shares that would have been outstanding had such securities been exchanged for or converted into Common Shares on such record date). Upon any adjustment to the Exercise Price pursuant to subsection 4.1(a), the number of Common Shares subject to the right of purchase under each Warrant shall be contemporaneously adjusted by multiplying the number of Common Shares which theretofore may have been purchased under such Warrant by a fraction of which the numerator shall be the respective Exercise Price in effect immediately prior to such adjustment and the denominator shall be the respective Exercise Price resulting from such adjustment.
(b) If and whenever at any time during the Adjustment Period, the Corporation ...
Adjustment of Number of Common Shares. AND EXERCISE PRICE
Adjustment of Number of Common Shares. Upon each adjustment in the Exercise Price, the number of Common Shares purchasable hereunder shall be adjusted, to the nearest whole Common Share, to the product obtained by multiplying the number of Common Shares purchasable immediately prior to such adjustment in the Exercise Price by a fraction, the numerator of which shall be the Exercise Price immediately prior to such adjustment and the denominator of which shall be the Exercise Price immediately thereafter.
Adjustment of Number of Common Shares. The Subscription Receipts shall be subject to adjustment from time to time in the following circumstances and manner:
(1) Subject to Section 7.2, if and whenever at any time from the Closing and prior to the Release Date, the Corporation shall:
(a) subdivide, redivide or change its outstanding Common Shares into a greater number of shares;
(b) reduce, combine or consolidate its outstanding Common Shares into a smaller number of shares; or
(c) issue Common Shares or securities convertible into or exchangeable for Common Shares to the holders of all or substantially all of the outstanding Common Shares by way of a stock dividend or make a distribution to all or substantially all of the holders of Common Shares on its outstanding Common Shares payable in Common Shares or securities convertible into or exchangeable for Common Shares; then, in each such event, the number of Underlying Shares and Warrants issuable upon conversion of the Subscription Receipts shall be adjusted immediately after the effective date of such subdivision, redivision, change, reduction, combination or consolidation, or the record date for such issue of Common Shares by way of a stock dividend or distribution, as the case may be, by multiplying the number of Underlying Shares and Warrants issuable upon conversion of the Subscription Receipts by a fraction:
(i) the numerator of which shall be the total number of Common Shares outstanding immediately after such date; and
(ii) the denominator of which shall be the total number of Common Shares outstanding immediately prior to such date. Such adjustment shall be made successively whenever any event referred to in this Section 7.1(1) shall occur. Any such issue or distribution of Common Shares or securities convertible into or exchangeable for Common Shares shall be deemed to have been made on the record date for such issue or distribution for the purpose of calculating the number of outstanding Common Shares under Section 7.1(2) and Section 7.1(3).
(2) Subject to Section 7.2, if and whenever at any time from the Closing and prior to the Release Date, the Corporation shall fix a record date for the issuance of rights, options or warrants to all or substantially all the holders of its outstanding Common Shares entitling them, for a period expiring not more than 45 days after such record date, to subscribe for or purchase Common Shares (or securities convertible into or exchangeable for Common Shares) at a price per share (or having a conve...
Adjustment of Number of Common Shares. 13 4.1 Adjustment of Number of Common Shares...........................................13 4.2
Adjustment of Number of Common Shares. In the event of changes in the capital stock of Payor by reason of stock dividends, splits, recapitalizations, reclassifications, combinations or exchanges of shares, separations, reorganizations, liquidations or the like, the number of Common Shares available under Section 5 of this Note in the aggregate and the purchase price thereof shall be correspondingly adjusted to give the Holder the total number, class, and kind of shares as the Holder would have owned had the conversion taken place and/or the Common Shares been purchased prior to the event and had the Holder continued to hold such shares until after the event requiring adjustment. No term of this Note need be changed because of any such adjustment.
Adjustment of Number of Common Shares. The acquisition rights as they relate to Common Shares, attaching to the Warrants in effect at any date, and the Exercise Price in respect thereof, shall be subject to adjustment from time to time as follows:
(a) If and whenever at any time prior to the Time of Expiry shall (i) subdivide or redivide the outstanding Common Shares into a greater number of shares, (ii) reduce, combine or consolidate the outstanding Common Shares into a smaller number of shares, or
Adjustment of Number of Common Shares. AND EXERCISE PRICE 27
Section 4.1 Adjustment of Number of Common Shares and Exercise Price 27 Section 4.2 Entitlement to Common Shares on Exercise of Warrant 30 Section 4.3 No Adjustment for Certain Transactions. 31 Section 4.4 Determination by Independent Firm. 31 Section 4.5 Proceedings Prior to any Action Requiring Adjustment 31 Section 4.6 Certificate of Adjustment. 31 Section 4.7 Notice of Special Matters. 31 Section 4.8 No Action after Notice 32 Section 4.9 Other Action. 32 Section 4.10 Protection of Warrant Agent 32 Section 4.11 Participation by Warrantholder 32
Adjustment of Number of Common Shares. Unless the Company -------------------------------------- shall have exercised its election as provided in Section 11(i), upon each adjustment of the Purchase Price as a result of the calculations made in Section 11(b) and (c), each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of Common Shares (calculated to the nearest ten-thousandth of a Common Share) obtained by (i) multiplying (x) the number of Common Shares covered by a Right immediately prior to this adjustment by (y) the Purchase Price in effect immediately prior to such adjustment of the Purchase Price and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of the Purchase Price.
Adjustment of Number of Common Shares. After the date of this Indenture while any Warrants remain outstanding, the rights of acquisition in effect at any date attaching to the Warrants will be subject to adjustment from time to time as follows in this Article 4.
(a) If and whenever at any time from the date hereof and prior to the Time of Expiry, the Corporation shall:
(i) subdivide, redivide or change its outstanding Common Shares into a greater number of Common Shares;
(ii) reduce, combine or consolidate its outstanding Common Shares into a smaller number of Common Shares; or
(iii) issue Common Shares (or securities convertible into Common Shares) to holders of all or substantially all of the outstanding Common Shares by way of a dividend or other distribution of Common Shares or securities exchangeable or convertible into Common Shares; (any such events in (i), (ii) and (iii) being a "Common Share Reorganization"), then effective immediately after the effective date or record date, as the case may be, at which the holders of Common Shares are determined for the purpose of the Common Share Reorganization, the Common Share Rate shall be adjusted so that it equals the product of the Common Share Rate in effect on such effective date or record date and a fraction of which the numerator shall be the total number of Common Shares outstanding immediately after giving effect to such event and the denominator shall be the total number of Common Shares outstanding immediately prior to giving effect to such event. Such adjustment shall be made successively whenever any event referred to in this subsection 4.1(a) shall occur.
(b) If and whenever at any time from the date hereof and prior to the Time of Expiry, there is (i) a reclassification of the Common Shares or a capital reorganization of the Corporation other than as described in subsection 4.1(a), or