Common use of Common Share Interest Payment Election Clause in Contracts

Common Share Interest Payment Election. (a) Provided that no Event of Default has occurred and is continuing under this Indenture and that all applicable regulatory approvals have been obtained (including any required approval of any Recognized Stock Exchange) in respect of any matter relating to this Article 7, the Corporation shall have the irrevocable right, from time to time, to make a Common Share Interest Payment Election in respect of all or any part of any Interest Obligation by delivering a Common Share Interest Payment Election Notice to the Indenture Trustee by no later than the earlier of: (i) the date required by Applicable Law or the rules of any Recognized Stock Exchange on which the Common Shares are then listed, or (ii) the day which is at least 15 Business Days prior to the Interest Payment Date to which the Common Share Interest Payment Election relates.

Appears in 1 contract

Samples: Student Transportation Inc.

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Common Share Interest Payment Election. (a) Provided that no Event of Default has occurred and is continuing under this Indenture and that all applicable necessary regulatory approvals have been obtained (including any required approval of any Recognized Stock Exchange) in respect of any matter relating to this Article 7stock exchange on which the Debentures or Common Shares are then listed), the Corporation shall have the irrevocable right, at any time and from time to time, to make a Common Share Interest Payment Election in respect of all or any part of any Interest Obligation Obligation, in whole or in part, by delivering a Common Share Interest Payment Election Notice to the Indenture Debenture Trustee by no later than the earlier of: (i) the date required by Applicable Law applicable law or the rules of any Recognized Stock Exchange stock exchange on which the Debentures or Common Shares are then listed, or and (ii) the day which is at least 15 Business Days prior to the Interest Payment Date to which the Common Share Interest Payment Election relates.

Appears in 1 contract

Samples: Trust Indenture (Wi-Lan Inc.)

Common Share Interest Payment Election. (a) Provided that no Event of Default has occurred and the Corporation is continuing not in default under this Indenture and that all applicable regulatory approvals have been obtained (including any required approval of any Recognized Stock Exchange) in respect of any matter relating to this Article 7stock exchange on which the Debentures or Common Shares are then listed), the Corporation shall have the irrevocable right, from time to timetime (including following conversion, at the time of redemption or at the time of maturity), to make a Common Share Interest Payment Election in respect of all or any part of any Interest Obligation by delivering a Common Share Interest Payment Election Notice to the Indenture Trustee by no later than the earlier of: of (i) the date required by Applicable Law applicable law or the rules of any Recognized Stock Exchange stock exchange on which the Debentures or Common Shares are then listed, or and (ii) the day which is at least 15 Business Days prior to the Interest Payment Date to which the Common Share Interest Payment Election relates.

Appears in 1 contract

Samples: Convertible Debenture (Advantage Oil & Gas Ltd.)

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Common Share Interest Payment Election. (a) 7.1.1 Provided that no Event of Default has occurred and is continuing under this Indenture and that all applicable regulatory approvals have been obtained (including any required approval of any Recognized Stock Exchange) in respect for the purposes of any matter relating to this Article 7the Interest Payment Date, the Corporation Company shall have the irrevocable revocable right, from time to time, to make a Common Share Interest Payment Election in respect of all or any part of any Interest Obligation by delivering a Common Share Interest Payment Election Notice to the Indenture Trustee by no later than the earlier of: (i) the date required by Applicable Law or the rules of any Recognized Stock Exchange on which the Common Shares are then listed, or (ii) the day which is at least 15 Business Days not less than 40 days and not more than 60 days prior to the Interest Payment Date to which the Common Share Interest Payment Election relates.

Appears in 1 contract

Samples: Alamos Gold Inc

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