Common use of Exercise of Sulliden Warrants Post-Effective Time Clause in Contracts

Exercise of Sulliden Warrants Post-Effective Time. Upon any valid exercise of a Sulliden Warrant after the Effective Time, Rio Alto shall issue the necessary number of Rio Alto Shares, and SpinCo shall issue the necessary number of SpinCo Shares, necessary to settle such exercise, provided that Rio Alto or SpinCo, as applicable, has received the portion of the Sulliden Warrant exercise price such that the Sulliden Warrant exercise price is divided between Rio Alto and SpinCo as follows:

Appears in 5 contracts

Samples: Arrangement Agreement (Rio Alto Mining LTD), Arrangement Agreement (Rio Alto Mining LTD), Arrangement Agreement (Rio Alto Mining LTD)

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