Common use of Date on Which Exercise is Effective Clause in Contracts

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Shares is issued upon the exercise of Rights will be deemed for all purposes to have become the holder of record of the Common Share represented thereby on, and such certificate will be dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered (together with a duly completed Election to Exercise) and payment of the relevant Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the relevant Common Share transfer books of the Corporation are closed, such Person will be deemed to have become the holder of record of such Common Shares on, and such certificate will be dated, the next succeeding Business Day on which the relevant Common Share transfer books of the Corporation are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Shares is issued upon the exercise of Rights will be deemed shall for all purposes be deemed to have become the holder of record of the Common Share Shares represented thereby on, and such certificate will shall be dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered (together with a duly completed Election to Exercise) and payment of the relevant Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the relevant Common Share transfer books of the Corporation are closed, such Person will shall be deemed to have become the holder of record of such Common Shares on, and such certificate will shall be dated, the next succeeding Business Day on which the relevant Common Share transfer books of the Corporation are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Shares is issued upon the exercise of Rights will be deemed shall for all purposes be deemed to have become the holder of record of the Common Share Shares represented thereby on, and such certificate will shall be dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered (together with a duly completed Election to ExerciseExercise and Declaration) and payment of the relevant Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the relevant Common Share transfer books of the Corporation are closed, such Person will shall be deemed to have become the record holder of record of such Common Shares on, and such certificate will shall be dated, the next succeeding Business Day on which the relevant Common Share transfer books of the Corporation are open.

Date on Which Exercise is Effective. Each Person person in whose name any certificate for Common Shares is issued upon the exercise of Rights will be deemed Rights, shall for all purposes be deemed to have become the holder of record of the Common Share Shares represented thereby on, and such certificate will shall be dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered (together with a duly completed Election to Exercise) and payment of the relevant Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the relevant Common Share transfer 27 - 27 - books of the Corporation are closed, such Person will person shall be deemed to have become the record holder of record of such Common Shares shares on, and such certificate will shall be dated, the next succeeding Business Day on which the relevant Common Share transfer books of the Corporation are open.