Compensation of the Underwriters. At the Time of Closing, the Corporation shall pay to or as directed by the Co-Lead Underwriters on behalf of the Underwriters, a cash fee (the “Commission”) equal to 5.0% of the aggregate gross proceeds received from the sale of the Offered Shares (including for certainty on any exercise of the Over-Allotment Option) in consideration of the services to be rendered by the Underwriters in connection with the Offering. The Commission will be netted out of the gross proceeds of the Offering.
Compensation of the Underwriters. In consideration for their services hereunder, the Company agrees to pay to the Underwriters (i) at or prior to the Closing Time on the Closing Date; and (ii) at or prior to the Option Closing Time on each Option Closing Date, an aggregate cash fee (collectively, the “Underwriting Fee”) equal to 6.0% of the aggregate gross cash proceeds received from the sale of the Offered Securities (including, for greater certainty, any Additional Units, Additional Shares and/or Additional Warrants issued and sold upon exercise of the Over-Allotment Option) in consideration of the services to be rendered by the Underwriters in connection with the Offering; provided that the Underwriting Fee shall be reduced to 3% of the aggregate gross cash proceeds received from the sale of the Offered Securities to purchasers on the President’s List. The Underwriting Fee shall be fully earned by the Underwriters at each of the times referred to in (i) and (ii). The foregoing Underwriting Fee may, at the sole option of the Underwriters, be deducted from the aggregate gross proceeds of the sale of the Offered Securities and withheld for the account of the Underwriters. The Company also agrees to pay the Underwriters’ expenses as set forth in Section 15 hereof. As additional consideration, the Company shall issue to the Underwriters (i) at or prior to the Closing Time on the Closing Date; and (ii) at or prior to the Option Closing Time of each Option Closing Date such number of compensation options (each a “Compensation Option”) as is equal to 6.0% of the aggregate number of Units sold in the Offering (including, for greater certainty, any Additional Units and/or Additional Shares sold upon exercise of the Over-Allotment Option); provided that the number of Compensation Options shall be reduced to 3% in respect of the number of Units sold to purchasers on the President’s List. Each Compensation Option shall entitle the holder thereof to purchase one Unit, consisting of one Subordinate Voting Share (each a “Compensation Share”) and one-half of one Subordinate Voting Share purchase warrant (each whole warrant, a “Compensation Warrant”) at a price equal to the Issue Price until the date that is twelve (12) months following the Closing Date. Each Compensation Warrant shall entitle the holder thereof to purchase one Subordinate Voting Share (each a “Compensation Warrant Share”) at an exercise price equal to the Warrant Exercise Price for a period of thirty-six (36) months following the Closin...
Compensation of the Underwriters. (1) At the Closing Time, the Corporation shall:
Compensation of the Underwriters. In return for their underwriting services in respect of the Distribution of the Offered Shares, as set out in Section 2(d), the Corporation agrees to pay to the Underwriters, at the Closing Time, an underwriting commission equal to 5% of the aggregate gross proceeds realized from the sale of the Initial Shares and any Over-Allotment Shares.
Compensation of the Underwriters. In return for their underwriting services in respect of the Distribution of the Units, as set out in Section 2(d), the Corporation agrees to pay to RBC, on behalf of the Underwriters, at the Closing Time, an underwriting commission equal to 6% of the aggregate gross proceeds realized from the sale of the Units and any Additional Securities.
Compensation of the Underwriters. At the Closing Time, the Corporation shall pay to AltaCorp, on behalf of the Underwriters, a cash fee (the “Commission”) equal to 6.0% of the aggregate gross proceeds received from the sale of the Offered Units (including for certainty on any exercise of the Over-Allotment Option) in consideration of the services to be rendered by the Underwriters in connection with the Offering. The Commission will be netted out of the gross proceeds of the Offering. As additional compensation for the services provided by the Underwriters, the Corporation shall grant to the Underwriters broker warrants (the “Broker Warrants”) equal to the sum of 6.0% of the aggregate number of Offered Units sold under the Offering. Each Broker Warrant entitles the holder of the Broker Warrant to acquire one unit (each, a “Broker Unit”) comprised of one Common Share (a “Broker Unit Share”) and one half common share purchase warrant (each whole warrant, a “Broker Unit Warrant”) at an exercise price equal to the Offering Price for a period of 24 months from the Closing Date, pursuant to the terms of the broker warrant certificates (the “Broker Warrant Certificates”). Each Broker Unit Warrant will entitle the holder to purchase one Common Share (a “Broker Share”) at an exercise price of $2.54. The Broker Warrants shall have a term of 24 months from the Closing Date.
Compensation of the Underwriters. In consideration of the services to be rendered by the Underwriters in connection with the Offering, the Company will pay to PI, on behalf of the Underwriters, at the Closing Time: (i) 7.0% of the aggregate gross proceeds received from the sale of the Offered Units (including for certainty on any exercise of the Over-Allotment Option and Offered Unit orders under the President’s List) payable in cash (the “Commission”); and (ii) 7.0% of the total number of Offered Units sold (including for certainty on any exercise of the Over-Allotment Option and Offered Unit orders under the President’s List) under the Offering payable in Offered Units (the “Compensation Units”). The Commission will be netted out of the gross proceeds of the Offering.
Compensation of the Underwriters. At the Time of Closing, the Corporation shall pay to RBC Dominion Securities Inc. on behalf of the Underwriters, a cash fee (the “Commission”) equal to 5.0% of the aggregate gross proceeds received from the sale of the Offered Shares (including for certainty the gross proceeds on any exercise of the Over-Allotment Option) in consideration of the services to be rendered by the Underwriters in connection with the Offering. The Commission will be netted out of the gross proceeds of the Offering. No Commission shall be payable to the Underwriters in connection with the Concurrent Private Placement.
Compensation of the Underwriters. In consideration of the services to be rendered by the Underwriters in connection with the Offering, the Company shall pay to the Underwriters, at the Closing Time, a cash fee (the “Commission”) equal to 7.0% of the aggregate gross proceeds of the Offering (including for certainty on any exercise of the Over- Allotment Option), subject to a reduced fee of 3.0% for Offered Shares sold under the Offering to certain purchasers designated by the Company on the President’s List and 6.5% for certain broker-referred President’s List purchasers (the additional 3.5% being paid out to such brokers). The Company shall also issue to the Underwriters that number of broker warrants (the “Broker Warrants”) equal to 7.0% of the aggregate number of Offered Shares sold pursuant to the Offering (including for certainty on any exercise of the Over-Allotment Option), subject to a reduced number of Broker Warrants equal to 3.0% of the Offered Shares sold under the Offering to certain purchasers on the President’s List and 6.5% of Offered Shares sold under the Offering to certain broker-referred President’s List purchasers (the additional 3.5% being issued to such brokers). Each Broker Warrant will entitle the holder thereof to acquire one Common Share (a “Broker Warrant Share”) at the Offering Price for a period of 24 months following the Closing Date. The obligation of the Company to pay the Commission and to execute and deliver the Broker Warrant Certificates shall arise at the Closing Time. If for any reason, the Broker Warrants are unavailable or unable to be issued on the terms described herein, the Company will pay to the Underwriters such other compensation of comparable value as may be agreed with the Underwriters, each acting reasonably.
Compensation of the Underwriters. At the Closing Time, the Corporation shall (a) pay to the Underwriters, a cash fee (the “Non-President’s List Commission”) equal to 6.0% of the aggregate gross proceeds received from the sale of the Offered Units (including for certainty on any exercise of the Over-Allotment Option but excluding those Purchasers on the President’s List) and (b) issue to the Underwriters, compensation warrants (the “Compensation Warrants”) entitling the Underwriters to subscribe for that number of Offered Units as is equal to 6.0% of the total number of Offered Units issued pursuant to the Offering (including for certainty the Over-Allotment Units issued on any exercise of the Over-Allotment Option but excluding those Purchasers on the President’s List). Subject to regulatory approval, each Compensation Warrant will be exercisable to acquire one Common Share (each, a “Compensation Share”) for a period of 24 months following the Closing Date at an exercise price equal to $0.68 per Common Share pursuant to the terms of the certificates representing the Compensation Warrants (the “Compensation Warrant Certificates”). At the Closing Time, the Corporation shall pay to the Underwriters a cash fee equal to 3.0% of the aggregate gross proceeds received from the sale of the Offered Units to Purchasers on the President’s List (together with the Non-President’s List Commission, the “Commission”).
