Adjustment of Number of Common Shares and Exercise Price. The subscription rights in effect under the Warrants for Common Shares issuable upon the exercise of the Warrants shall be subject to adjustment, from time to time, as follows:
(a) if, at any time during the Adjustment Period, the Corporation shall:
(i) subdivide, re-divide or change its outstanding Common Shares into a greater number of Common Shares;
(ii) reduce, combine or consolidate its outstanding Common Shares into a lesser number of Common Shares; or
(iii) issue Common Shares or securities exchangeable for, or convertible into, Common Shares to all or substantially all of the holders of Common Shares by way of stock dividend or other distribution (other than a distribution of Common Shares upon the exercise of Warrants or any outstanding options); (any of such events in Section 4.1(a)(i), (ii) or (iii) being called a “Common Share Reorganization”), then the Exercise Price shall be adjusted as of the effective date or record date of such subdivision, re-division, change, reduction, combination, consolidation or distribution, as the case may be, shall in the case of the events referred to in (i) or (iii) above be decreased in proportion to the number of outstanding Common Shares resulting from such subdivision, re-division, change or distribution, or shall, in the case of the events referred to in (ii) above, be increased in proportion to the number of outstanding Common Shares resulting from such reduction, combination or consolidation by multiplying the Exercise Price in effect immediately prior to such effective date or record date by a fraction, the numerator of which shall be the number of Common Shares outstanding on such effective date or record date before giving effect to such Common Share Reorganization and the denominator of which shall be the number of Common Shares outstanding as of the effective date or record date after giving effect to such Common Shares Reorganization (including, in the case where securities exchangeable for or convertible into Common Shares are distributed, the number of Common Share that would have been outstanding had such securities been exchanged for or converted into Common Shares on such record date or effective date). Such adjustment shall be made successively whenever any event referred to in this Section 4.1(a) shall occur. Upon any adjustment of the Exercise Price pursuant to Section 4.1(a), the Exchange Rate shall be contemporaneously adjusted by multiplying the number of Common Shares theretofore obtaina...
Adjustment of Number of Common Shares and Exercise Price. The subscription rights in effect under the Warrants for Common Shares issuable upon the exercise of the Warrants shall be subject to adjustment from time to time as follows:
Adjustment of Number of Common Shares and Exercise Price. Section 4.1 Adjustment of Number of Common Shares and Exercise Price 19 Section 4.2 Entitlement to Common Shares on Exercise of Warrant 23 Section 4.3 No Adjustment for Certain Transactions. 23 Section 4.4 Determination by Independent Firm 23 Section 4.5 Proceedings Prior to any Action Requiring Adjustment 23 Section 4.6 Certificate of Adjustment 24 Section 4.7 Notice of Special Matters 24 Section 4.8 No Action after Notice 24 Section 4.9 Other Action 24 Section 4.10 Protection of Warrant Agent 25 Section 4.11 Participation by Warrantholder 25 Section 4.12 Regulatory Approval of Adjustments 25
Adjustment of Number of Common Shares and Exercise Price. Section 4.1 Adjustment of Number of Common Shares and Exercise Price 23 Section 4.2 Entitlement to Common Shares on Exercise of Warrant 27 Section 4.3 No Adjustment for Certain Transactions 27 Section 4.4 Determination by Independent Firm. 27
Adjustment of Number of Common Shares and Exercise Price. Section 4.1 Adjustment of Number of Common Shares and Exercise Price. 26 Section 4.2 Entitlement to Common Shares on Exercise of Warrant 31 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 32 Section 4.7 Notice of Special Matters 32 Section 4.8 No Action after Notice 32 Section 4.9 Other Action. 32 Section 4.10 Protection of Warrant Agent 33 Section 4.11 Participation by Warrantholder 33
Adjustment of Number of Common Shares and Exercise Price. Section 4.1 Adjustment of Number of Common Shares and Exercise Price. 21 Section 4.2 Entitlement to Common Shares on Exercise of Warrant. 25 Section 4.3 No Adjustment for Certain Transactions 25 Section 4.4 Determination by Independent Firm 25 Section 4.5 Proceedings Prior to any Action Requiring Adjustment 25 Section 4.6 Certificate of Adjustment 25 Section 4.7 Notice of Special Matters 25 Section 4.8 No Action after Notice 26 Section 4.9 Other Action. 26 Section 4.10 Protection of Warrant Agent 26 Section 4.11 Participation by Warrantholder 27
Adjustment of Number of Common Shares and Exercise Price. (1) The rights to acquire Common Shares hereunder are subject to adjustment from time to time as follows:
(a) if and whenever at any time from the date hereof and prior to the Expiry Time, the Corporation:
(i) subdivides its outstanding Common Shares into a greater number of shares;
(ii) consolidates its outstanding Common Shares into a smaller number of shares; or
(iii) issues Common Shares or securities exchangeable for or convertible into Common Shares (collectively, “convertible securities”), which convertible securities shall not include the type of securities contemplated by subsection 4.1(1)(b), to the holders of all or substantially all of the outstanding Common Shares by way of a stock distribution, stock dividend or otherwise, any of such events in these clauses (i), (ii) and (iii) being called a “Common Share Reorganization”, the Exchange Rate shall be adjusted immediately after the effective date of the subdivision or consolidation or on the record date for the issue of Common Shares or convertible securities by way of stock distribution, stock dividend or otherwise, by multiplying the Exchange Rate by the fraction of which:
(A) the numerator is the total number of Common Shares outstanding immediately after such effective or record date, or, in the case of the issuance of convertible securities, the total number of Common Shares outstanding immediately after such date plus the total number of Common Shares issuable upon conversion or exchange of such convertible securities; and
(B) the denominator is the total number of Common Shares outstanding immediately prior to the applicable effective or record date; and the Exercise Price shall be adjusted at the same time by multiplying the Exercise Price in effect at the time of such event by the inverse of the aforesaid fraction. The Corporation shall make such adjustment successively whenever any event referred to in this Section 4.1(1)(b) occurs and any such issue of Common Shares or convertible securities by way of a stock dividend is deemed to have occurred on the record date for the stock dividend for the purpose of calculating the number of outstanding Common Shares under this Section 4.1(1)(b). Any Common Shares owned by or held for the account of the Corporation shall be deemed not to be outstanding for the purpose of any such computation. To the extent that any convertible securities are not converted into or exchanged for Common Shares, the Exchange Rate shall be readjusted to the number of...
Adjustment of Number of Common Shares and Exercise Price. 4.1 Adjustment of Number of Common Shares and Exercise Price. 32 4.2 Entitlement to Common Shares on Exercise of Warrant. 36 4.3 No Adjustment for Certain Transactions. 36 4.4 Determination by Independent Firm. 36 4.5 Proceedings Prior to any Action Requiring Adjustment. 36 4.6 Certificate of Adjustment. 37 4.7 Notice of Special Matters. 37 4.8 No Action after Notice. 37 4.9 Other Action. 37 4.10 Protection of Warrant Agent. 38 4.11 Participation by Warrantholder. 38
Adjustment of Number of Common Shares and Exercise Price. 5.1 Adjustment of Exercise Price and Number of Common Shares Purchasable Upon Exercise
Adjustment of Number of Common Shares and Exercise Price. Subject to Section 3.14, the subscription rights in effect under the Warrants for Common Shares issuable upon the exercise of the Warrants shall be subject to adjustment from time to time as follows:
(1) If and whenever, at any time after the date hereof and prior to the Time of Expiry, the Corporation shall:
(i) issue Common Shares or securities exchangeable for or convertible into Common Shares to all or substantially all the holders of the Common Shares as a stock dividend or other distribution (other than a distribution of Warrant Shares upon exercise of the Warrants or pursuant to the exercise, conversion or exchange of securities of the Corporation outstanding as of the date hereof), or
(ii) subdivide, redivide or change its then outstanding Common Shares into a greater number of Common Shares, or
(iii) reduce, combine or consolidate its then outstanding Common Shares into a lesser number of Common Shares, (any of such events in these paragraphs (i), (ii) or (iii) being called a “Common Share Reorganization”), then the Exchange Basis in effect on the effective date of such subdivision, redivision or change, or reduction, combination or consolidation, or on the record date of such stock dividend or other distribution, as the case may be, shall be adjusted by multiplying the Exchange Basis in effect immediately prior to such effective date or record date by a fraction:
