Common use of Deposit of Redemption Monies or Common Shares Clause in Contracts

Deposit of Redemption Monies or Common Shares. Redemption of Debentures shall be provided for by the Corporation depositing with the Trustee or any paying agent to the order of the Trustee, on or before 11:00 a.m. (Calgary time) on the Business Day immediately prior to the Redemption Date specified in such notice, such sums of money, or certificates representing such Common Shares, or both as the case may be, as may be sufficient to pay the Redemption Price of the Debentures so called for redemption, plus accrued and unpaid interest thereon up to but excluding the Redemption Date, provided the Corporation may elect to satisfy this requirement by providing the Trustee with a certified cheque or wire transfer for such amounts required under this Section 4.5 post-dated to the Redemption Date. The Corporation shall also deposit with the Trustee a sum of money sufficient to pay any charges or expenses which may be incurred by the Trustee in connection with such redemption. Every such deposit shall be irrevocable. From the sums so deposited, or certificates so deposited, or both, the Trustee shall pay or cause to be paid, or issue or cause to be issued, to the holders of such Debentures so called for redemption, upon surrender of such Debentures, the principal, premium (if any) and interest (if any) to which they are respectively entitled on redemption.

Appears in 2 contracts

Samples: Debenture Indenture (Ivanhoe Energy Inc), Convertible Debenture (Advantage Oil & Gas Ltd.)

AutoNDA by SimpleDocs

Deposit of Redemption Monies or Common Shares. Redemption of Debentures shall be provided for by the Corporation depositing with the Trustee or any paying agent to the order of the Trustee, on or before 11:00 a.m. (Calgary Toronto time) on the Business Day immediately prior to the Redemption Date specified in such notice, such sums of money, or certificates representing such Common Shares, or both as the case may be, as may be sufficient to pay the Redemption Price of the Debentures so called for redemption, plus accrued and unpaid interest thereon up to but excluding the Redemption Date, provided the Corporation may elect to satisfy this requirement by providing the Trustee with a one or more certified cheque cheques or wire transfer for such amounts required under this Section 4.5 post-dated to the Redemption Date or by providing the Trustee with such funds through electronic transfer of funds on the Business Day immediately prior to the Redemption Date. The Corporation shall also deposit with the Trustee a sum of money sufficient to pay any charges or expenses which may be incurred by the Trustee in connection with such redemption. Every such deposit shall be irrevocable. From the sums so deposited, or certificates so deposited, or both, the Trustee shall pay or cause to be paid, or issue or cause to be issued, to the holders of such Debentures so called for redemption, upon surrender of such Debentures, the principal, premium (if any) and interest (if any) to which they are respectively entitled on redemptionredemption less applicable withholding taxes, if any.

Appears in 2 contracts

Samples: Convertible Debenture Indenture, Convertible Debenture Indenture (Brigus Gold Corp.)

Deposit of Redemption Monies or Common Shares. Redemption of Debentures shall be provided for by the Corporation depositing with the Trustee or any paying agent to the order of the Trustee, on or before 11:00 a.m. (Calgary Toronto time) on the Business Day immediately prior to the Redemption Date specified in such notice, such sums of money, or certificates representing such Common Shares, or both as the case may be, as may be sufficient to pay the Redemption Price of the Debentures so called for redemption, plus accrued and unpaid interest thereon up to but excluding the Redemption Date, provided the Corporation may elect to satisfy this requirement by providing the Trustee with a certified cheque or wire transfer for such amounts required under this Section 4.5 post-dated to the Redemption Date. The Corporation shall also deposit with the Trustee a sum of money sufficient to pay any charges or expenses which may be incurred by the Trustee in connection with such redemption. Every such deposit shall be irrevocable. From the sums so deposited, or certificates so deposited, or both, the Trustee shall pay or cause to be paid, or issue or cause to be issued, to the holders of such Debentures so called for redemption, upon surrender of such Debentures, the principal, premium (if any) and interest (if any) to which they are respectively entitled on redemption.

Appears in 2 contracts

Samples: Convertible Debenture Indenture (Energy Fuels Inc), Debenture Indenture (Molycorp, Inc.)

Deposit of Redemption Monies or Common Shares. Redemption of Debentures shall be provided for by the Corporation depositing with the Trustee Debenture Agent or any paying agent to the order of the TrusteeDebenture Agent, on or before 11:00 a.m. (Calgary timeMontréal Time) on the Business Day immediately prior to the Redemption Date specified in such notice, such sums of money, or or, if applicable in respect of a series of Debentures, certificates representing such Common Shares, or both as the case may be, as may be sufficient to pay the Redemption Price of the Convertible Debentures so called for redemption, plus accrued and unpaid interest thereon up to but excluding the Redemption Date, provided the Corporation may elect to satisfy this requirement by providing the Trustee Debenture Agent with a one or more certified cheque cheques or wire transfer for such amounts required under this Section 4.5 post-dated to the Redemption Date or by providing the Debenture trustee with such funds through electronic transfer of funds on the Business Day immediately prior to the Redemption Date. The Corporation shall also deposit with the Trustee Debenture Agent a sum of money sufficient to pay any charges or expenses which may be incurred by the Trustee Debenture Agent in connection with such redemption. Every such deposit shall be irrevocable. From the sums so deposited, or certificates so deposited, or both, the Trustee Debenture Agent shall pay or cause to be paid, or issue or cause to be issued, to the holders of such Debentures so called for redemption, upon surrender of such Debentures, the principal, premium (if any) and interest (if any) to which they are respectively entitled on redemption, less applicable withholding taxes, if any.

Appears in 2 contracts

Samples: Debenture Indenture (Amaya Gaming Group Inc.), Debenture Indenture (Amaya Gaming Group Inc.)

Deposit of Redemption Monies or Common Shares. Redemption of Debentures shall be provided for by the Corporation depositing with the Trustee Trustees or any paying agent to the order of the TrusteeTrustees, on or before 11:00 a.m. (Calgary Toronto time) on the Business Day immediately prior to the Redemption Date specified in such notice, such sums of money, or certificates representing such Common Shares, or both as the case may be, as may be sufficient to pay the Redemption Price of the Debentures so called for redemption, plus accrued and unpaid interest thereon up to but excluding the Redemption Date, provided the Corporation may elect to satisfy this requirement by providing the Trustee Trustees with a certified cheque or wire transfer for such amounts required under this Section 4.5 post-dated to the Redemption Date. The Corporation shall also deposit with the Trustee Trustees a sum of money sufficient to pay any charges or expenses which may be incurred by the Trustee Trustees in connection with such redemption. Every such deposit shall be irrevocable. From the sums so deposited, or certificates so deposited, or both, the Trustee Trustees shall pay or cause to be paid, or issue or cause to be issued, to the holders of such Debentures so called for redemption, upon surrender of such Debentures, the principal, premium (if any) and interest (if any) to which they are respectively entitled on redemption.

Appears in 2 contracts

Samples: Convertible Debenture Indenture (Energy Fuels Inc), Convertible Debenture Indenture (Energy Fuels Inc)

AutoNDA by SimpleDocs

Deposit of Redemption Monies or Common Shares. Redemption of Debentures shall be provided for by the Corporation depositing with the Trustee or any paying agent to the order of the Trustee, on or before 11:00 a.m. (Calgary Toronto time) on the Business Day immediately prior to the Redemption Date specified in such notice, such sums of money, or certificates representing such Common Shares, or both as the case may be, as may be sufficient to pay the Redemption Price of the Debentures so called for redemption, plus together with a sum of money sufficient to pay any accrued and unpaid interest thereon up to but excluding the Redemption Date, provided the Corporation may elect to satisfy this requirement by providing the Trustee with a one or more certified cheque cheques or wire transfer for such amounts required under this Section 4.5 post-dated on the Business Day immediately prior to the Redemption Date. The Corporation shall also deposit with the Trustee a sum of money sufficient to pay any charges or expenses which may be incurred by the Trustee in connection with such redemption. Every such deposit shall be irrevocable. From the sums so deposited, or certificates so deposited, or both, the Trustee shall pay or cause to be paid, or issue or cause to be issued, to the holders of such Debentures so called for redemption, upon surrender of such Debentures, the principal, premium (if any) and interest (if any) to which they are respectively entitled on redemptionredemption less applicable withholding taxes, if any.

Appears in 1 contract

Samples: Convertible Debenture Indenture

Deposit of Redemption Monies or Common Shares. Redemption of Debentures shall be provided for by the Corporation depositing with the Debenture Trustee or any paying agent to the order of the Debenture Trustee, on or before 11:00 a.m. (Calgary time) Time on the Business Day immediately prior to the Redemption Date specified in such noticeDate, such sums of money, or certificates representing such Freely Tradeable Common Shares, or both as the case may be, as may be sufficient to pay the Redemption Price of the Debentures so called for redemptionPrice, plus accrued and unpaid interest thereon up to but excluding the Redemption DateDate (less any taxes required to be deducted or withheld), provided the Corporation may elect to satisfy this requirement by providing the Debenture Trustee with a certified cheque or wire transfer banker's draft for such amounts required under this Section 4.5 post-dated to the Redemption Date or by providing the Debenture Trustee with such funds through electronic transfer of funds on the Business Day immediately prior to the Redemption Date. The Corporation shall also deposit with the Debenture Trustee a sum of money sufficient to pay any charges or expenses which that may be incurred by the Debenture Trustee in connection with such redemption. Every such deposit shall be irrevocable. From the sums so deposited, or certificates so deposited, or both, the Debenture Trustee shall pay or cause to be paid, or issue or cause to be issued, to the holders of such Debentures so called for redemptionDebentures, upon surrender of such Debentures, the principal, premium (if any) and interest (if any) to which they are respectively entitled on redemptionredemption (less any taxes required to be deducted or withheld).

Appears in 1 contract

Samples: Indenture (PENGROWTH ENERGY Corp)

Deposit of Redemption Monies or Common Shares. (a) Redemption of Debentures Notes shall be provided for by the Corporation depositing with the Trustee or any paying agent to the order of the Trustee, on or before 11:00 10:00 a.m. (Calgary Vancouver time) on the Business Day immediately prior to the Redemption Date specified in such notice, such sums of money, money or certificates representing such Common Shares, or both as the case may be, as may be sufficient to pay the Redemption Price of or Common Shares, as the Debentures so called for redemptioncase may be, plus accrued and unpaid interest thereon up to but excluding the Redemption Date, provided of the Corporation may elect Notes so called for redemption pursuant to satisfy this requirement by providing the Trustee with a certified cheque Section 4.1(a) and Section 4.1(b) or wire transfer certificates representing such Common Shares, plus sums of money for such amounts required under this Section 4.5 post-dated accrued and unpaid interest thereon up to but excluding the Redemption Date, as may be sufficient to pay the principal amount of the Notes so called for redemption pursuant to Section 4.1(b) hereof, as applicable. All Common Shares which shall be so issuable shall be duly and validly issued as fully paid and non-assessable. The Corporation shall also deposit with the Trustee a sum of money sufficient to pay any charges or expenses which may be incurred by the Trustee in connection with any such redemption. Every such deposit shall be irrevocable. From the sums so deposited, or certificates so deposited, or both, the Trustee shall pay or cause to be paid, or issue or cause to be issued, to the holders of such Debentures Notes so called for redemption, upon surrender of such DebenturesNotes, the principal, premium (if any) and interest (if any) to which they are respectively entitled on redemption.

Appears in 1 contract

Samples: Indenture (Terrace Energy Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.