Common use of Adjustments to Exercise Price; Number of Rights Clause in Contracts

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 Company shall at any time after the Record Time and prior to the Expiration Time: (i) declare or pay a dividend on Shares payable in Shares or Convertible Securities in respect thereof other than pursuant to any Dividend Reinvestment Plan; (ii) subdivide or change the then outstanding Shares into a greater number of Shares; (iii) consolidate or change the then outstanding Shares into a smaller number of Shares; or (iv) issue any Shares (or Convertible Securities in respect thereof) in respect of, in lieu of or in exchange for existing Shares except as otherwise provided in this Section 2.3, then 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 16 contracts

Samples: Shareholder Agreement (Taseko Mines LTD), Shareholder Rights Plan Agreement (Northern Dynasty Minerals LTD), Shareholder Rights Plan Agreement (Northern Dynasty Minerals LTD)

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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 Company Corporation shall at any time after the Record Time and prior to the Expiration Timedate of this Agreement: (i) declare or pay a dividend on Common Shares payable in Common Shares or Convertible Securities in respect thereof other than pursuant to any 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 Convertible 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 (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 14 contracts

Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (PRECISION DRILLING Corp), Shareholder Rights Plan Agreement (PRECISION DRILLING 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 Company Corporation shall at any time after the Record Time and prior to the Expiration Timedate 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 Convertible Securities in respect thereof other securities of the Corporation) other than pursuant to any Dividend Reinvestment Planoptional stock dividend 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 Convertible Securities in respect thereofother 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, 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:

Appears in 12 contracts

Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Cenovus Energy Inc.), Shareholder Rights Plan Agreement (Cenovus 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 2.32.3 and in Article 3. Fractional interests in securities resulting from such adjustments are subject to Section 5.5. (ab) In the event that the Company Corporation shall at any time after the Record Time and prior to the Expiration Time: (i) declare or pay a dividend on the Shares payable in Voting Shares or Convertible Securities in respect thereof other than pursuant to any Dividend Reinvestment Plandividend reinvestment plan or program; (ii) subdivide or change the then outstanding Shares into a greater number of Shares; (iii) consolidate consolidate, combine or change the then outstanding Shares into a smaller number of Shares; or (iv) issue any Voting Shares (or Convertible Securities in respect thereof) in respect of, in lieu of of, or in exchange for existing Shares except as otherwise provided Shares, whether in this Section 2.3a reclassification, then amalgamation, statutory arrangement, consolidation or otherwise; 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 the exercise of 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 7 contracts

Samples: Shareholder Rights Plan Agreement (Gildan Activewear Inc.), Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Gildan Activewear 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 Company Corporation shall at any time after the Record 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 Convertible Securities in respect thereof Securities) other than pursuant to any 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 stock of the Corporation (or Convertible Securities in respect thereofSecurities) in respect of, in lieu of of, or in exchange for existing Shares Common Shares, except as otherwise provided in this Section 2.3, ; then 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, Shareholder Rights Plan Agreement (Jaguar Mining Inc), Shareholder Rights Plan Agreement (Agrium 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 Company Corporation shall at any time after the Record Time and prior to the Expiration Timedate of this Agreement: (i) declare or pay a dividend on Common Shares payable in Common Shares or Convertible Securities in respect thereof other than pursuant to any 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 Convertible 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 (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 3 contracts

Samples: Shareholder Rights Plan Agreement (Alamos Gold Inc), Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Alamos Gold 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 Company shall at any time after the Record Time and prior to the Expiration Time: (i) declare or pay a dividend on Shares payable in Shares or Convertible Securities in respect thereof other than pursuant to any Dividend Reinvestment Plan; (ii) Shares; (iii) subdivide or change the then outstanding Shares into a greater number of Shares; (iii) consolidate or change the then outstanding Shares into a smaller number of Shares; or (iv) issue any Shares (or Convertible Securities in respect thereof) in respect of, in lieu of or in exchange for existing Shares except as otherwise provided in this Section 2.3, then 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, Shareholder Rights Plan Agreement, 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 Company Corporation shall at any time after the Record Time and prior to the Expiration Time: (i) declare or pay a dividend on the Shares payable in Voting Shares or Convertible Securities in respect thereof other than pursuant to any Dividend Reinvestment Plandividend reinvestment plan or program; (ii) subdivide or change the then outstanding Shares into a greater number of Shares; (iii) consolidate consolidate, combine or change the then outstanding Shares into a smaller number of Shares; or (iv) issue any Voting Shares (or Convertible Securities in respect thereof) in respect of, in lieu of of, or in exchange for existing Shares except as otherwise provided Shares, whether in this Section 2.3a reclassification, then amalgamation, statutory arrangement, consolidation or otherwise; 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 the exercise of 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, Shareholder Rights Plan Agreement (Ce Franklin 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 Company Corporation shall at any time after the Record Time Effective Date and prior to the Expiration Time: (i) declare or pay a dividend distribution on Shares payable in Shares (or Convertible Securities in respect thereof Securities) other than pursuant to any Dividend Reinvestment Planoptional securities distribution program; (ii) subdivide or change the then outstanding Shares into a greater number of Shares; (iii) consolidate or change the then outstanding Shares into a smaller number of Shares; or (iv) issue any Shares or other capital unit of the Corporation (or other Convertible Securities in respect thereofSecurities) in respect of, in lieu of or in exchange for existing 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:

Appears in 2 contracts

Samples: Shareholder Rights Plan Agreement (Advantage Oil & Gas Ltd.), Shareholder Rights Plan Agreement (Advantage Oil & Gas 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 Company Corporation shall at any time after the Record Time and prior to the Expiration Timedate of this Agreement: (i) declare or pay a dividend on Common Shares payable in Common Shares or Convertible Securities in respect thereof other than pursuant to any 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 Convertible 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 (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 2 contracts

Samples: Shareholder Rights Plan Agreement (AuRico Gold Inc.), Shareholder Rights Plan Agreement (Gammon Gold Inc.)

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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 Company Corporation shall at any time after the Record Time Effective Date and prior to the Expiration Time: (i) declare or pay a dividend distribution on Shares payable in Shares (or Convertible Securities in respect thereof Securities) other than pursuant to any Dividend Reinvestment Planoptional securities distribution program; (ii) subdivide or change the then outstanding Shares into a greater number of Shares; (iii) consolidate or change the then outstanding Shares into a smaller number of Shares; or (iv) issue any Shares (or other Convertible Securities in respect thereofSecurities) in respect of, in lieu of or in exchange for existing 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:

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Advantage Oil & Gas 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 Company shall at any time after the Record Time and prior to the Expiration Timedate of this Agreement: (i) declare or pay a dividend on Common Shares payable in Common Shares or Convertible Securities in respect thereof other than pursuant to any Dividend Reinvestment Plandividend 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 Convertible 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 (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 adjustedfollows:

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Canalaska Uranium 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 Clause 2.3. (a) In the event the Company Corporation shall at any time after the Record Time and prior to the Expiration Timedate of this Agreement: (i) declare or pay a dividend on Common Shares payable in Common Shares or Convertible Securities in respect thereof other than pursuant to any 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 Convertible Securities in respect thereof) in respect of, in lieu of or in exchange for existing Common Shares except as otherwise provided in this Section Clause 2.3, then 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 (Vermilion 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 2.32.3 and in ARTICLE 3. Fractional interests in securities resulting from such adjustments are subject to Section 5.5. (ab) In the event that the Company Corporation shall at any time after the Record Time and prior to the Expiration Time: (i) declare or pay a dividend on the Common Shares payable in Voting Shares or Convertible Securities in respect thereof other than pursuant to any Dividend Reinvestment Plandividend reinvestment plan or program; (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 Voting Shares (or Convertible Securities in respect thereof) in respect of, in lieu of of, or in exchange for existing Shares except as otherwise provided Common Shares, whether in this Section 2.3a reclassification, then amalgamation, statutory arrangement, consolidation or otherwise; 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 the exercise of 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 (Cognicase 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 Company Fund shall at any time after the Record Time Effective Date and prior to the Expiration Time: (i) declare or pay a dividend distribution on Shares Units payable in Shares Units (or Convertible Securities in respect thereof Securities) other than pursuant to any Dividend Reinvestment Planoptional securities distribution program; (ii) subdivide or change the then outstanding Shares Units into a greater number of SharesUnits; (iii) consolidate or change the then outstanding Shares Units into a smaller number of SharesUnits; or (iv) issue any Shares Units or other capital unit of the Fund (or other Convertible Securities in respect thereofSecurities) in respect of, in lieu of or in exchange for existing Shares Units 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:

Appears in 1 contract

Samples: Unitholder Rights Plan Agreement (Advantage Energy Income Fund)

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. For greater certainty, no adjustment shall be made pursuant to this Section 2.3 or Article 3 in respect of the Arrangement or securities issued in connection therewith. (ab) In the event that the Company Corporation shall at any time after the Record Time and prior to the Expiration Time: (i) declare or pay a dividend on the Common Shares payable in Voting Shares or Convertible Securities in respect thereof other than pursuant to any Dividend Reinvestment Plandividend reinvestment plan or program; (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 Voting Shares (or Convertible Securities in respect thereof) in respect of, in lieu of of, or in exchange for existing Shares except as otherwise provided Common Shares, whether in this Section 2.3a reclassification, then amalgamation, statutory arrangement, consolidation or otherwise; 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 the exercise of 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 (Nortel Networks Corp)

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