Common use of Effect of Exercise of Special Warrants Clause in Contracts

Effect of Exercise of Special Warrants. Upon valid exercise or deemed exercise of the Special Warrants as provided in Section 5.1 hereof, the Common Shares in respect of which the Special Warrants are validly or deemed exercised shall be deemed to have been issued, and such person or persons as are specified pursuant to Section 5.1 hereof shall be deemed to have become the holder or holders of record of such securities on the date of such valid exercise (herein called the "Exercise Date") unless the stock transfer books of the Company shall be closed by law on the said date of such valid exercise, in which case such securities shall be deemed to have been issued, such person or persons shall be deemed to have become the holder or holders of record of such securities and the Exercise Date shall be deemed to be on the date on which such stock transfer books are next re-opened. Upon valid exercise of the Special Warrants as aforesaid, the Trustee shall forthwith give written notice thereof to the Company. In the case of a Special Warrant which is exercised by a holder in accordance with the provisions of Section 5.1, within five Business Days after the Exercise Date of such Special Warrant, the Company shall:

Effect of Exercise of Special Warrants. Upon valid exercise or deemed exercise of the Special Warrants as provided in Section 5.1 hereof, the Common Shares Underlying Securities in respect of which the Special Warrants are validly or deemed exercised shall be deemed to have been issued, and such person or persons as are specified pursuant to Section 5.1 hereof shall be deemed to have become the holder or holders of record of such securities on the date of such valid exercise (herein called the "“Exercise Date"”) unless the stock transfer books of the Company shall be closed by law on the said date of such valid exercise, in which case such securities shall be deemed to have been issued, such person or persons shall be deemed to have become the holder or holders of record of such securities and the Exercise Date shall be deemed to be on the date on which such stock transfer books are next re-opened. Upon valid exercise of the Special Warrants as aforesaid, the Trustee shall forthwith give written notice thereof to the Company. In the case of a Special Warrant which is exercised by a holder in accordance with the provisions of Section 5.1, within five Business Days after the Exercise Date of such Special Warrant, the Company shall:

Effect of Exercise of Special Warrants. Upon valid exercise or deemed exercise of the Special Warrants as provided in Section 5.1 hereof5.1, the Common Shares in respect of which the Special Warrants are validly or deemed exercised shall be deemed to have been issued, and such person or persons as are specified pursuant to Section 5.1 hereof shall be deemed to have become the holder or holders of record of such securities on the date of such valid exercise (herein called the "Exercise Date") unless the stock transfer books of the Company Corporation shall be closed by law on the said date of such valid exercise, in which case such securities shall be deemed to have been issued, such person or persons shall be deemed to have become the holder or holders of record of such securities and the Exercise Date shall be deemed to be on the date on which such stock transfer books are next re-opened. Upon valid exercise of the Special Warrants as aforesaid, the Trustee shall forthwith give written notice thereof to the CompanyCorporation. In the case of a Special Warrant which is exercised by a holder in accordance with the provisions of Section 5.1, within five Business Days after the Exercise Date of such Special Warrant, the Company Corporation shall: