Delivery of Share Certificate. Not later than five business days after receipt by the Corporation, pursuant to Section 4.1, of the Notice of Exercise and payment in full for the Optioned Shares being acquired, the Corporation will direct its registrar and transfer agent to issue a certificate in the name of the Optionholder or an intermediary on behalf of the Optionholder (or, if deceased, his or her legal representative or beneficiary) for the number of Optioned Shares purchased by the Optionholder (or his or her legal representative or beneficiary), which will be issued as fully paid and non-assessable Common Shares.
Appears in 4 contracts
Samples: Option Agreement (Canadian Pacific Railway LTD/Cn), Stand Alone Option Agreement (Canadian Pacific Railway LTD/Cn), Stand Alone Option Agreement (Canadian Pacific Railway LTD/Cn)
