Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3. (a) In the event the Corporation shall at any time after the date of this Agreement: (i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan; (ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares; (iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or (iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 10 contracts
Samples: Shareholder Rights Plan Agreement (Enbridge Inc), Shareholder Rights Plan Agreement (Cenovus Energy Inc.), Shareholder Rights Plan Agreement (Cenovus Energy Inc.)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor therefore shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 8 contracts
Samples: Shareholder Agreement, Shareholder Rights Plan Agreement (Tc Energy Corp), Shareholder Agreements (Transcanada Corp)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this AgreementSeparation Time and prior to the Expiration Time:
(i) declare declares or pay pays a dividend on Common Shares payable in Common Shares (or capital stock or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporationcapital stock) other than pursuant to any optional stock dividend program program, dividend reinvestment plan or Dividend Reinvestment Plana dividend payable in Voting Shares in lieu of a regular periodic cash dividend;
(ii) subdivide subdivides or change changes the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate consolidates or change changes the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue otherwise issues any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3a reclassification, amalgamation, merger, statutory arrangement, or consolidation, the Exercise Price and Price, the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, outstanding and the securities purchasable upon exercise of the Rights shall be adjusted as of the payment record or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjustedas follows:
Appears in 7 contracts
Samples: Shareholder Rights Plan Agreement (Caledonia Mining Corp), Shareholder Rights Plan Agreement (Caledonia Mining Corp), Shareholder Rights Plan Agreement (Caledonia Mining Corp)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation TransAlta shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationTransAlta) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationTransAlta) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 6 contracts
Samples: Shareholder Rights Plan Agreement (Transalta Corp), Shareholder Rights Plan Agreement (Transalta Corp), Shareholder Rights Plan Agreement
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation Company shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCompany) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCompany) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 6 contracts
Samples: Shareholder Rights Plan Agreement (Ritchie Bros Auctioneers Inc), Shareholder Rights Plan Agreement (Ritchie Bros Auctioneers Inc), Shareholder Rights Plan Agreement (Richmont Mines Inc)
Adjustments to Exercise Price; Number of Rights. The Subject to subsection 5.17, the Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event If the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other Shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities Shares of the Corporationcapital) other otherwise than pursuant to any optional stock share dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;,
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; , or
(iv) issue any Common Shares (or other shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities Shares of the Corporationcapital) in respect of, in lieu of of, or in exchange for for, existing Common Shares except as otherwise provided in this Section 2.3a reclassification or redesignation of Common Shares, an amalgamation or statutory arrangement, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under subsection 3.1(a) . If the Exercise Price and number of Rights outstanding are to be adjusted:,
Appears in 5 contracts
Samples: Shareholder Rights Plan Agreement (Lincoln Gold Corp), Shareholder Rights Plan Agreement (Taseko Mines LTD), Shareholder Rights Plan Agreement (Northern Dynasty Minerals LTD)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.32.3 and in Article 3.
(a) In the event the Corporation shall at any time after the date of this AgreementEffective Date and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) Convertible Securities in respect thereof other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationConvertible Securities in respect thereof) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, then the Exercise Price and the number of Rights outstanding, outstanding (or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights) shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:: x the Exercise Price in effect after such adjustment will be equal to the Exercise Price in effect immediately prior to such adjustment divided by the number of Common Shares (or other capital stock) (the “Expansion Factor”) that a holder of one Common Share immediately prior to such dividend, subdivision, change, consolidation or issuance would hold thereafter as a result thereof; and
Appears in 5 contracts
Samples: Shareholder Rights Plan Agreement (Bitfarms LTD), Shareholder Rights Plan Agreement (Bitfarms LTD), Shareholder Rights Plan Agreement (Bitfarms LTD)
Adjustments to Exercise Price; Number of Rights. The Subject to Section 5.19, the Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event If the Corporation shall shall, at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other Shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities Shares of the Corporationcapital) other otherwise than pursuant to any optional stock share dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities Shares of the Corporationcapital) in respect of, in lieu of of, or in exchange for for, existing Common Shares except as otherwise provided in this Section 2.3a reclassification or redesignation of Common Shares, an amalgamation or statutory arrangement; the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under subsection 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 5 contracts
Samples: Shareholder Rights Plan Agreement (New Gold Inc. /FI), Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (New Gold Inc. /FI)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and Section 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under Section 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 5 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Kinross Gold Corp), Shareholder Rights Plan Agreement (Kinross Gold Corp)
Adjustments to Exercise Price; Number of Rights. The Subject to Section 5.19, the Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event If the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other Shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities Shares of the Corporationcapital) other otherwise than pursuant to any optional stock share dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities Shares of the Corporationcapital) in respect of, in lieu of of, or in exchange for for, existing Common Shares except as otherwise provided in this Section 2.3a reclassification or redesignation of Common Shares, an amalgamation or statutory arrangement, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under subsection 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 4 contracts
Samples: Rights Agreement (Revett Minerals Inc.), Rights Agreement (Revett Minerals Inc.), Rights Agreement (Kinross Gold Corp)
Adjustments to Exercise Price; Number of Rights. (a) The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(ab) In the event the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on the Common Shares payable in Common Shares or other capital stock of the Corporation (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationConvertible Securities) other than pursuant to any optional stock dividend program program, dividend reinvestment plan or Dividend Reinvestment Plandividend payable in Common Shares in lieu of a regular periodic cash dividend;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares or other capital stock of the Corporation (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationConvertible Securities) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, Shares; the Exercise Price and the number of Rights outstanding, outstanding or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 4 contracts
Samples: Shareholder Rights Plan Agreement (Golden Star Resources LTD), Shareholder Rights Plan Agreement (Agrium Inc), Shareholder Rights Plan Agreement (Golden Star Resources LTD)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation Xxxx Xxxxxx shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationXxxx Xxxxxx) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationXxxx Xxxxxx) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and Section 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under Section 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 4 contracts
Samples: Shareholder Rights Plan Agreement (West Fraser Timber Co., LTD), Successor Rights Plan Agreement (West Fraser Timber Co., LTD), Shareholder Rights Plan Agreement (West Fraser Timber Co., LTD)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event If the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Voting Shares or other securities of the Corporation) other Convertible Securities otherwise than pursuant to any optional stock share dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Voting Shares or other securities of the Corporation) Convertible Securities in respect of, in lieu of of, or in exchange for for, existing Common Shares except as otherwise provided in this Section 2.3a reclassification or redesignation of Common Shares, an amalgamation or statutory arrangement; the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under subsection 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 3 contracts
Samples: Shareholder Rights Plan Agreement (NexGen Energy Ltd.), Shareholder Rights Plan Agreement (Sandstorm Gold LTD), Shareholder Rights Plan Agreement (Sandstorm Gold LTD)
Adjustments to Exercise Price; Number of Rights. The Subject to Section 5.19, the Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event If the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other Shares or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) other otherwise than pursuant to any optional stock share dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller lesser number of Common Shares; or
(iv) issue any Common Shares (or other Shares or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) in respect of, in lieu of of, or in exchange for for, existing Common Shares except as otherwise provided in this Section 2.3a reclassification or redesignation of Common Shares, an amalgamation or statutory arrangement, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 3 contracts
Samples: Shareholder Rights Plan Agreement (SunOpta Inc.), Shareholder Rights Plan Agreement (SunOpta Inc.), Shareholder Rights Plan Agreement (SunOpta Inc.)
Adjustments to Exercise Price; Number of Rights. (a) The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(ab) In the event the Corporation Company shall at any time after the date of this AgreementSeparation Time and prior to the Expiration Time:
(i) declare or pay a dividend on the Common Shares of the Company payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, Shares; the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjustedfollows:
Appears in 2 contracts
Samples: Shareholder Rights Plan Agreement (Cambior Inc), Shareholder Rights Plan Agreement (Cambior Inc)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.32.3 or Article 3.
(a) In the event the Corporation Company shall at any time after the date of this Agreement:Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCompany) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;program;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCompany) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 2 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 2 contracts
Samples: Shareholder Rights Plan Agreement (Talisman Energy Inc), Shareholder Rights Plan Agreement (Talisman Energy Inc)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this AgreementAgreement Date:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 2 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Gold Reserve Corp)
Adjustments to Exercise Price; Number of Rights. The Subject to Section 5.19, the Exercise Price, the number and kind of securities Shares subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event If the Corporation shall shall, at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on the Common Shares payable in Common Shares (or other Shares or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) other than pursuant to any optional stock share dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) in respect of, in lieu of of, or in exchange for for, existing Common Shares except as otherwise provided in this Section 2.3a reclassification or redesignation of Common Shares, an amalgamation or statutory arrangement; the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under subsection 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 2 contracts
Samples: Shareholder Rights Plan Agreement (Atna Resources LTD), Shareholder Rights Plan Agreement (Atna Resources LTD)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this AgreementEffective Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and Section 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under Section 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 2 contracts
Samples: Shareholder Rights Plan Agreement (ATS Corp /ATS), Shareholder Rights Plan Agreement (ATS Corp /ATS)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this Agreementthe Record Time and prior to the Expiration Time:
(i) declare or pay a dividend on the Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and Section 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under Section 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 2 contracts
Samples: Shareholder Rights Plan Agreement (World Color Press Inc.), Shareholder Rights Plan Agreement (World Color Press Inc.)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation Canadian Superior shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCanadian Superior) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCanadian Superior) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 2 contracts
Samples: Shareholder Rights Plan Agreement (Canadian Superior Energy Inc), Shareholder Rights Plan Agreement (Canadian Superior Energy Inc)
Adjustments to Exercise Price; Number of Rights. (a) The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(ab) In the event the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on the Common Shares payable in Common Shares or other capital stock of the Corporation (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationConvertible Securities) other than pursuant to any optional stock dividend program program, dividend reinvestment plan or Dividend Reinvestment Plandividend payable in Common Shares in lieu of a regular periodic cash dividend;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares or other capital stock of the Corporation (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationConvertible Securities) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, Shares; the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 2 contracts
Samples: Shareholder Protection Rights Agreement (Nordion Inc.), Shareholder Protection Rights Agreement (MDS Inc)
Adjustments to Exercise Price; Number of Rights. a) The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.32.3 and in Article 3. Fractional interests in securities resulting from such adjustments are subject to Section 5.5.
(ab) In the event that the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common the Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Voting Shares or other securities of the Corporation) Convertible Securities in respect thereof other than in the ordinary course of business or pursuant to any optional stock dividend program reinvestment plan or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate consolidate, combine or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Voting Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationConvertible Securities in respect thereof) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided Shares, whether in this Section 2.3a reclassification, amalgamation, statutory arrangement, consolidation or otherwise; the Exercise Price and the number of Rights outstanding, outstanding (or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon the exercise of Rights Rights) shall be adjusted as of the payment or effective date in the manner set forth below. follows:
(A) If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 2 contracts
Samples: Shareholder Rights Plan Agreement (Aeterna Zentaris Inc.), Shareholder Rights Plan Agreement
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.32.3 or Article 3.
(a) In the event the Corporation Company shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCompany) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCompany) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 2 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Silvercrest Mines Inc)
Adjustments to Exercise Price; Number of Rights. (a) The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(ab) In the event the Corporation shall at any time after the date of this AgreementSeparation Time and prior to the Expiration Time:
(i) declare or pay a dividend on the Common Shares of the Corporation payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, Shares; the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjustedfollows:
Appears in 2 contracts
Samples: Shareholder Rights Plan Agreement (Falconbridge LTD), Shareholder Rights Plan Agreement (Falconbridge LTD)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section section 2.3.
(a) In the event the Corporation shall at any time after the date of this AgreementSeparation Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;program,
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;,
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) otherwise issue any new Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided in this Section 2.3a reclassification, amalgamation, merger, statutory arrangement, or consolidation, the Exercise Price and Price, the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, outstanding and the securities purchasable upon exercise of the Rights shall be adjusted as of the record, payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjustedas follows:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Almaden Minerals LTD)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities Common Shares (or other securities) subject to purchase upon the exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3section 3.2.
(a) In the event the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on the Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities capital stock of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planreinvestment program;
(ii) subdivide or change the then outstanding Common Shares of any class into a greater number of Common Shares;; or
(iii) consolidate combine or change the then outstanding Common Shares of any class into a smaller number of Common Shares; or
(iv) issue any new Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided Shares, in this Section 2.3a reclassification, amalgamation, merger, statutory arrangement or consolidation, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and the number of Rights outstanding are to be adjusted:
(i) the Exercise Price in effect after such adjustment will be equal to the Exercise Price in effect immediately prior to such adjustment divided by the
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Adjustments to Exercise Price; Number of Rights. (a) The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.32.3 and in Article 3. Fractional interests in securities resulting from such adjustments are subject to Section 5.5.
(ab) In the event that the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on the Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Voting Shares or other securities of the Corporation) Convertible Securities in respect thereof other than pursuant to any optional stock dividend program reinvestment plan or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate consolidate, combine or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Voting Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationConvertible Securities in respect thereof) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided Shares, whether in this Section 2.3a reclassification, amalgamation, statutory arrangement, consolidation or otherwise; the Exercise Price and the number of Rights outstanding, outstanding (or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon the exercise of Rights Rights) shall be adjusted as of the payment or effective date in the manner set forth below. follows:
(A) If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Caledonia Mining Corp)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this Agreement:Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, Table of Contents the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Canadian Pacific Railway LTD/Cn)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of Common Shares or other securities subject to purchase upon the exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3section 3.2.
(a) In the event the Corporation shall at any time after the date of this Agreement:
(i) declare or pay a dividend on the Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationConvertible Securities) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate combine or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationConvertible Securities) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, Shares; the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares or other capital share of the Corporation (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Adjustments to Exercise Price; Number of Rights. The Subject to Section 5.21, the Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event If the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other Shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities Shares of the Corporationcapital) other otherwise than pursuant to any optional stock share dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities Shares of the Corporationcapital) in respect of, in lieu of of, or in exchange for for, existing Common Shares except as otherwise provided in this Section 2.3a reclassification or redesignation of Common Shares, an amalgamation or statutory arrangement, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and Subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under Subsection 3.1(a) . If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In If the event the Corporation Company shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Voting Shares or other securities of the Corporation) other Convertible Securities otherwise than pursuant to any optional stock share dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Voting Shares or other securities of the Corporation) Convertible Securities in respect of, in lieu of of, or in exchange for for, existing Common Shares except as otherwise provided in this Section 2.3a reclassification or re-designation of Common Shares, an amalgamation or statutory arrangement; the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:an event occurs which would require an adjustment under both this Section
Appears in 1 contract
Samples: Shareholder Rights Plan
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation AnorMED shall at any time after the date of this Agreementthe Record Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common the Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationAnorMED) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationAnorMED) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under subsection 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Limited Duration Shareholder Rights Plan Agreement (AnorMED Inc.)
Adjustments to Exercise Price; Number of Rights. The Subject to Section 5.18, the Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event If the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on the Common Shares payable in Common Shares (or other securities of the Corporation exchangeable for or convertible into or giving a right to acquire Common Shares or other securities shares of capital of the Corporation) other otherwise than pursuant to any optional stock share dividend program or Dividend Reinvestment Plan;program,
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;,
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; , or
(iv) issue any Common Shares (or other shares of capital of the Corporation or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities shares of capital of the Corporation) in respect of, in lieu of of, or in exchange for for, existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under subsection 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:,
Appears in 1 contract
Samples: Rights Agreement (Placer Dome Inc)
Adjustments to Exercise Price; Number of Rights. a) The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.32.3 and in Article 3. Fractional interests in securities resulting from such adjustments are subject to Section 5.5.
(ab) In the event that the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common the Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Voting Shares or other securities of the Corporation) Convertible Securities in respect thereof other than in the ordinary course of business or pursuant to any optional stock dividend program reinvestment plan or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate consolidate, combine or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Voting Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationConvertible Securities in respect thereof) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided Shares, whether in this Section 2.3a reclassification, amalgamation, statutory arrangement, consolidation or otherwise; the Exercise Price and the number of Rights outstanding, outstanding (or, if the payment or effective date therefor shall occur after the Separation Timedate of the Flip-in Event, the securities purchasable upon the exercise of Rights Rights) shall be adjusted as of the payment or effective date in the manner set forth below. follows:
(A) If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Neptune Technologies & Bioressources Inc.)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation Angiotech shall at any time after the date of this Agreementthe Record Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common the Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationAngiotech) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationAngiotech) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under subsection 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Angiotech Pharmaceuticals Inc)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of Common Shares or other securities subject to purchase upon the exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3section 3.2.
(a) In the event the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare declares or pay pays a dividend on the Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporationsecurities) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;program,
(ii) subdivide subdivides or change changes the then outstanding Common Shares into a greater number of Common Shares;,
(iii) consolidate combines or change changes the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue issues any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporationsecurities) in respect of, in lieu of or in exchange for existing Common Shares Shares, except as otherwise provided in this Section 2.3section 3.2, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Quaterra Resources Inc)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this Agreement:
(i) declare or pay a dividend distribution on Common Subordinate Voting Shares payable in Common Subordinate Voting Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Subordinate Voting Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Subordinate Voting Shares into a greater number of Common Subordinate Voting Shares;
(iii) consolidate or change the then outstanding Common Subordinate Voting Shares into a smaller number of Common Subordinate Voting Shares; or
(iv) issue any Common Subordinate Voting Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Subordinate Voting Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Subordinate Voting Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation HealthSpace shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationHealthSpace) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationHealthSpace) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and Section 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under Section 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) . In the event the Corporation shall at any time after the date of this Agreement:
(i) Record Time and prior to the Expiration Time: declare or pay a dividend on the Common Shares of the Corporation payable in Common Shares or other capital stock of the Corporation (or other securities exchangeable for or convertible into or giving a right Convertible Securities to acquire Common Shares or other securities of the CorporationShares) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) program; subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) ; consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) or issue any Common Shares or other capital stock of the Corporation (or other securities exchangeable for or convertible into or giving a right Convertible Securities to acquire Common Shares or other securities of the CorporationShares) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, Shares; the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation TELUS shall at any time after the date of this Agreementthe Record Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common the Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationTELUS) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationTELUS) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and Section 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under Section 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this Agreement:
(i) declare or pay a dividend distribution on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Adjustments to Exercise Price; Number of Rights. The Subject to Section 5.18, the Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event If the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities shares of the Corporationcapital) other otherwise than pursuant to any optional stock share dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;,
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; , or
(iv) issue any Common Shares (or other shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities shares of the Corporationcapital) in respect of, in lieu of of, or in exchange for for, existing Common Shares except as otherwise provided in this Section 2.3a reclassification or redesignation of Common Shares, an amalgamation or statutory arrangement, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under subsection 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:,
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Atlantic Power Corp)
Adjustments to Exercise Price; Number of Rights. (a) The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(ab) In the event the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on the Common Shares of the Corporation payable in Common Shares or other capital stock of the Corporation (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares or other capital stock of the Corporation (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, Shares; the Exercise Price and the number of Rights outstanding, outstanding or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Protection Rights Agreement (Geac Computer Corp LTD)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation Company shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCompany) other than pursuant to any optional stock dividend program or Dividend Reinvestment PlanPlan or program;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCompany) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Richmont Mines Inc)
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.32.3 or Article 3.
(a) In the event the Corporation Company shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCompany) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCompany) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and Section 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under Section 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Adjustments to Exercise Price; Number of Rights. The Subject to Section 5.19, the Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event If the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other Shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities Shares of the Corporationcapital) other otherwise than pursuant to any optional stock share dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;,
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; , or
(iv) issue any Common Shares (or other shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities Shares of the Corporationcapital) in respect of, in lieu of of, or in exchange for for, existing Common Shares except as otherwise provided in this Section 2.3a reclassification or redesignation of Common Shares, an amalgamation or statutory arrangement, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor therefore shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under subsection 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:,
Appears in 1 contract
Samples: Rights Agreement
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Table of Contents Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Cenovus Energy Inc.)
Adjustments to Exercise Price; Number of Rights. The Subject to Section 5.18, the Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event If the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Voting Shares payable in Common Voting Shares (or other shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Voting Shares or other securities shares of the Corporationcapital) other otherwise than pursuant to any optional stock share dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Voting Shares into a greater number of Common Voting Shares;,
(iii) consolidate or change the then outstanding Common Voting Shares into a smaller number of Common Voting Shares; , or
(iv) issue any Common Voting Shares (or other shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Voting Shares or other securities shares of the Corporationcapital) in respect of, in lieu of of, or in exchange for for, existing Common Voting Shares except as otherwise provided in this Section 2.3a reclassification or redesignation of Voting Shares, an amalgamation or statutory arrangement, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under subsection 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:,
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Atlantic Power Corp)
Adjustments to Exercise Price; Number of Rights. (a) The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(ab) In the event the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on the Common Shares of the Corporation payable in Common Shares or other capital stock of the Corporation (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares or other capital stock of the Corporation (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, Shares; the Exercise Price and the number of Rights outstanding, outstanding or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Protection Rights Agreement (Geac Computer Corp LTD)
Adjustments to Exercise Price; Number of Rights. (a) The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(ab) In the event the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on the Common Shares of the Corporation payable in Common Shares or other capital stock of the Corporation (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares or other capital stock of the Corporation (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, Shares; the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Protection Rights Agreement (Fantom Technologies Inc)
Adjustments to Exercise Price; Number of Rights. The Subject to Section 5.19, the Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event If the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other Shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities Shares of the Corporationcapital) other otherwise than pursuant to any optional stock share dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other shares of capital or securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities Shares of the Corporationcapital) in respect of, in lieu of of, or in exchange for for, existing Common Shares except as otherwise provided in this Section 2.3a reclassification or redesignation of Common Shares, an amalgamation or statutory arrangement, - 19 - the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and subsection 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under subsection 3.1(a) . If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation TELUS shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationTELUS) other than pursuant to any optional stock dividend program or Dividend Reinvestment Plan;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationTELUS) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If an event occurs which would require an adjustment under both this Section 2.3 and Section 3.1(a), the adjustment provided for in this Section 2.3 shall be in addition to, and shall be made prior to, any adjustment required under Section 3.1(a). If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.32.3 or Article 3.
(a) In the event the Corporation Company shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCompany) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationCompany) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(a) In the event the Corporation shall at any time after the date of this Agreement:
(i) declare or pay a dividend on Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planprogram;
(ii) subdivide or change the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate or change the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the Corporation) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section 2.3, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights Rights, shall be adjusted as of the payment or effective date in the manner set forth below. If the Exercise Price and number of Rights outstanding are to be adjusted:
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Chieftain International Inc)
Adjustments to Exercise Price; Number of Rights. (a) The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 2.3.
(ab) In the event that the Corporation shall at any time after the date of this AgreementRecord Time and prior to the Expiration Time:
(i) declare declares or pay pays a dividend on the Common Shares payable in Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) other than pursuant to any optional stock dividend program or Dividend Reinvestment Planreinvestment plan;
(ii) subdivide subdivides or change changes the then outstanding Common Shares into a greater number of Common Shares;
(iii) consolidate consolidates or change changes the then outstanding Common Shares into a smaller number of Common Shares; or
(iv) issue issues any Common Shares (or other securities exchangeable for or convertible into or giving a right to acquire Common Shares or other securities of the CorporationShares) in respect of, in lieu of of, or in exchange for existing Common Shares except as otherwise provided in this Section 2.3Shares, the Exercise Price and the number of Rights outstanding, or, if the payment or effective date therefor shall occur after the Separation Time, the securities purchasable upon exercise of Rights outstanding shall be adjusted as of the payment or effective date in the manner set forth below. If follows:
(A) the Exercise Price and in effect after such adjustment will be equal to the Exercise Price in effect immediately prior to such adjustment divided by the number of Rights outstanding are to be adjusted:Common Shares (the "Adjustment Factor") that a holder of one Common Share
Appears in 1 contract
Samples: Shareholder Rights Agreement (Genetronics Biomedical LTD)
