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. (1) In consideration of the Underwriters services to be rendered in connection with the Offering, the Company shall, at the Closing Time or applicable Over-Allotment Closing Time, as the case may be: (i) pay to the Underwriters a cash fee (the "Underwriting Fee") equal to 6.0% of the aggregate gross cash proceeds received from the sale of the Offered Securities; and (ii) issue to the Underwriters that number of compensation warrants (the "Compensation Warrants") as is equal to 6.0% of the number of Offered Securities sold pursuant to the Offering. Each Compensation Warrant shall entitle the Underwriters to purchase one Common Shares (each a "Compensation Warrant Share", together with the Compensation Warrants, the "Compensation Securities") at the Offering Price at any time on or before the date which is 24 months after the Closing Date or applicable Over-Allotment Closing Date. For avoidance of doubt, the Underwriting Fee with respect to the Over-Allotment Option is only payable on aggregate gross cash proceeds received from the sale of additional whole Units, and not the individual components thereof that do not comprise additional whole Units under the Over-Allotment Option.
(2) The Underwriters acknowledge and agree that the Compensation Securities have not been and will not be registered under the U.S. Securities Act or the securities laws of any state of the United States. In connection with the issuance of the Compensation Securities, each Underwriter represents, warrants, and covenants that it is acquiring the Compensation Securities as principal for its own account and not for the benefit of any other person. Each Underwriter represents, warrants, and covenants that (i) it is not a U.S. Person and is not acquiring the Compensation Securities in the United States, or on behalf of a U.S. Person or a person located in the United States; and (ii) this Agreement was executed and delivered outside the United States. Each Underwriter acknowledges and agrees that the Compensation Warrants may not be exercised for the account or benefit of a U.S. Person or a person in the United States, unless such exercise is not subject to registration under the U.S. Securities Act and the applicable securities laws of any state of the United States (and provided that the Underwriter has a delivered an opinion to the Company in form satisfactory to the Company confirming same). Each Underwriter agrees that it will not offer or sell any Compensation Securities in the Unit...
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. 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. The Company will pay a commission to the Underwriters of:
(a) 6.0% of the gross proceeds of the Offering in the form of cash (the “Underwriting Fee”); and
(b) that number of compensation options equal to 6.0% of the aggregate number of Offered Units sold under the Offering (each, a “Compensation Option”). Each Compensation Option paid to the Underwriters as commission under this Section 12 will carry the right to purchase one Offered Unit (each, a “Compensation Option Unit”) at an exercise price equal to the Offering Price and will expire on the date that is 18 months following the Closing Date, and will be in form and substance satisfactory to the Lead Underwriter and their counsel. Each Compensation Option Unit will be comprised of one Common Share (each a “Compensation Option Unit Share”) and one-half of a Common Share purchase warrant (each whole Common Share purchase warrant, a “Compensation Option Warrant”). Each Compensation Option Warrant will be issued under the Warrant Indenture and will entitle the holder thereof to acquire one Common Share (a “Compensation Option Warrant Share”) at a price of $1.00 per Compensation Option Warrant Share for a period expiring 18 months following the Closing Date. If such Compensation Options are unavailable or are unable to be issued for any reason on the terms described herein, it is agreed that the Company will pay to the Underwriters such other compensation of comparable value to the Compensation Options as may be agreed between the parties, each acting reasonably. In respect of a maximum amount of $500,000 to be purchased under a president’s list (the “President’s List”), the Company will pay the Underwriters a cash fee of 3.0% as well as Compensation Options equal to 3.0% of the respective gross proceeds from the sale of Offered Units sold under the President’s List.
Compensation of the Underwriters. At the Closing Time, the Corporation shall pay to Clarus, 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 (i) 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 of one 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 $2.65. The Broker Warrants shall have a term of 24 months from the Closing Date.
Compensation of the Underwriters. At the Closing Time or any Option Closing Time, the Corporation shall:
(a) Pay to the Lead Underwriter, on behalf of the Underwriters, the Underwriting Fee. The Underwriting Fee will be netted out of the gross proceeds of the Offering.
(b) Create and issue to the Underwriters, or as directed by the Underwriters, in the aggregate, a number of Broker Warrants equal to: (i) 6% of the aggregate number of Units sold under the Offering other than to President's List Subscribers; plus (ii) 3% of the aggregate number of Units sold to President's List Subscribers.
Compensation of the Underwriters. In consideration of the Underwriters services to be rendered in connection with the Offering, the Company shall, at the Closing Time or applicable Over-Allotment Closing Time, as the case may be, pay to the Underwriters a cash fee (the “Underwriting Fee”) equal to 6.0% of the aggregate gross cash proceeds received from the sale of the Offered Securities, except in respect of any Offered Securities purchased by persons on the president’s list (the “President’s List”), in which case such Underwriting Fee shall be equal to 3.0% of the gross proceeds received from such sale of any Offered Securities to persons on the President’s List.
Compensation of the Underwriters. In consideration for its services hereunder, the Company agrees to pay to the Underwriters at the Closing Date a fee equal to the amount of US$0.0415 (5%) per Offered Security, other than in respect of any sales of Offered Securities to persons on the President’s List, on which a fee equal to the amount of US$0.02075 (2.5%) per Offered Security shall be paid.
Compensation of the Underwriters. The Corporation will pay to the Underwriters at the Time of Closing a fee (the "Initial Fee") of $900,000, being a fee equal to 4.5% (exclusive of federal sales tax, harmonized sales tax and provincial sales tax, if applicable) of the aggregate purchase price of the Initial Debentures or $45 per Initial Debenture and a fee (the "Option Fee", collectively with the Initial Fee, the "Underwriters' Fee") equal to 4.5% (exclusive of federal sales tax, harmonized sales tax and provincial sales tax, if applicable) of the aggregate purchase price of the Option Debentures in respect of which the Over-Allotment Option has been exercised, or $45 per such Option Debenture.
