Common use of Initial Exercise Price; Exercise of Rights; Detachment of Rights Clause in Contracts

Initial Exercise Price; Exercise of Rights; Detachment of Rights. (1) Right to entitle holder to purchase one Common Share prior to adjustment. Subject to adjustment as herein set forth and subject to Section 3.1(1) hereof, each Right will entitle the holder thereof, from and after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price as at the Business Day immediately preceding the date of exercise of the Right, one Common Share (which price and number of Common Shares are subject to adjustment as set forth below and are subject to Section 3.1(1) hereof). Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall be void. (2) Rights not exercisable until Separation Time. Until the Separation Time, (i) the Rights shall not be exercisable and no Right may be exercised, and (ii) for administrative purposes each Right will be evidenced by the certificates for the associated Common Shares registered in the names of the holders thereof (which certificates shall also be deemed to be Rights Certificates) and will be transferable only together with, and will be transferred by a transfer of, such associated Common Shares.

Appears in 11 contracts

Samples: Shareholder Protection Rights Plan Agreement (Cae Inc), Shareholder Rights Plan Agreement (Vitran Corp Inc), Shareholder Rights Plan Agreement (Great Panther Silver LTD)

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Initial Exercise Price; Exercise of Rights; Detachment of Rights. (1) Right to entitle holder to purchase one Common Share prior to adjustment. Subject to adjustment as herein set forth and subject to Section 3.1(1) hereof, each Right will entitle the holder thereof, from and after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price as at the Business Day immediately preceding the date of exercise of the Right, one Common Share (which price and number of Common Shares are subject to adjustment as set forth below and are subject to Section 3.1(1) hereof). Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall be void. (2) Rights not exercisable until Separation Time. Until the Separation Time, (i) the Rights shall not be exercisable and no Right may be exercised, and (ii) for administrative purposes each Right will be evidenced by the certificates Share Registrations for the associated Common Shares registered in the names of the holders thereof (which certificates and if such Share Registrations are evidenced by a share certificate, such share certificate shall also be deemed to be Rights Certificates) and will be transferable only together with, and will be transferred by a transfer of, such associated Common Shares.

Appears in 7 contracts

Samples: Shareholder Rights Plan Agreement (Great Panther Silver LTD), Shareholder Agreement, Shareholder Rights Plan Agreement (North American Palladium LTD)

Initial Exercise Price; Exercise of Rights; Detachment of Rights. (1) Right to entitle holder to purchase one Common Share prior to adjustment. Subject to adjustment as herein set forth and subject to Section 3.1(1) hereof, each Right will entitle the holder thereof, from and after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price as at the Business Day immediately preceding the date of exercise of the Right, one Common Share (which price and number of Common Shares are subject to adjustment as set forth below and are subject to Section 3.1(1) hereof). Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall be void. (2) Rights not exercisable until Separation Time. Until the Separation Time, (i) the Rights shall not be exercisable and no Right may be exercised, and (ii) for administrative purposes each Right will be evidenced by the certificates for the associated Common Voting Shares registered in the names of the holders thereof (which certificates shall also be deemed to be Rights Certificates) or in Book Entry Form registration for the associated Voting Shares, as applicable, and will be transferable only together with, and will be transferred by a transfer of, such associated Common Voting Shares.

Appears in 2 contracts

Samples: Shareholder Protection Rights Plan Agreement, Shareholder Protection Rights Plan Agreement

Initial Exercise Price; Exercise of Rights; Detachment of Rights. (1) Right to entitle holder to purchase one Common Share prior to adjustment. Subject to adjustment as herein set forth and subject to Section 3.1(1) hereof, each Right will entitle the holder thereof, from and after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price as at the Business Day immediately preceding the date of exercise of the Right, one Common Share (which price and number of Common Shares are subject to adjustment as set forth below and are subject to Section 3.1(1) hereof). Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall be void. (2) Rights not exercisable until Separation Time. Until the Separation Time, (i) the Rights shall not be exercisable and no Right may be exercised, and (ii) for administrative purposes each Right will be evidenced by the certificates for the associated Common Voting Shares registered in the names of the holders thereof (which certificates shall also be deemed to be Rights Certificates) or in Book Entry Form registration for the associated Voting Shares, as applicable, and will be transferable only together with, and will be transferred by a transfer of, such associated Common Voting Shares.

Appears in 1 contract

Samples: Shareholder Protection Rights Plan Agreement

Initial Exercise Price; Exercise of Rights; Detachment of Rights. (1) Right to entitle holder to purchase one Common Share prior to adjustment. Subject to adjustment as herein set forth in this Agreement and subject to Section 3.1(1) hereof), each Right will entitle the holder thereofof the Right, from and after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price as at the Business Day immediately preceding the date of exercise of the Right, one (1) Common Share (which price and number of Common Shares are subject to adjustment as set forth below and are subject to Section 3.1(1) hereof)). Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall will be void.void.‌ (2) Rights not exercisable until Separation Time. Until the Separation Time, (i) the Rights shall will not be exercisable and no Right may be exercised, and (ii) for administrative purposes each Right will be evidenced by the certificates Share Registrations for the associated Common Shares registered in the names of the holders thereof of such Common Shares (which certificates shall and if such Share Registrations are evidenced by a share certificate, such share certificate will also be deemed to be Rights Certificates) and will be transferable only together with, and will be transferred by a transfer of, such associated Common Shares.Shares.‌

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

Initial Exercise Price; Exercise of Rights; Detachment of Rights. (1) 2.2.1 Right to entitle holder to purchase one Common Share prior to adjustment. Subject to adjustment as herein set forth in section and subject to Section 3.1(1) Article hereof, each Right will entitle the holder thereof, from and after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price as at the Business Day immediately preceding the date of exercise of the Right, one Common Share (which price and number of Common Shares are subject to adjustment as set forth below and are subject to Section 3.1(1) subsection hereof). Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall will be void. (2) 2.2.2 Rights not exercisable until Separation Time. Until the Separation Time, (i) the Rights shall will not be exercisable and no Right may be exercised, and (ii) for administrative purposes each Right will be evidenced by the certificates for the associated Common Shares registered in the names of the holders thereof (which certificates shall will also be deemed to be Rights Certificates) and will be transferable only together with, and will be transferred by a transfer of, such associated Common Shares.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Nevada Geothermal Power Inc)

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Initial Exercise Price; Exercise of Rights; Detachment of Rights. (1) Right to entitle holder to purchase one Common Share prior to adjustment. Subject to adjustment as herein set forth in this Agreement and subject to Section 3.1(1) hereof), each Right will entitle the holder thereofof the Right, from and after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price as at the Business Day immediately preceding the date of exercise of the Right, one Common Share (which price and number of Common Shares are subject to adjustment as set forth below and are subject to Section 3.1(1) hereof)). Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall will be void. (2) Rights not exercisable until Separation Time. Until the Separation Time, (i) the Rights shall will not be exercisable and no Right may be exercised, and (ii) for administrative purposes each Right will be evidenced by the certificates Share Registrations for the associated Common Shares registered in the names of the holders thereof of such Common Shares (which certificates shall and if such Share Registrations are evidenced by a share certificate, such share certificate will also be deemed to be Rights Certificates) and will be transferable only together with, and will be transferred by a transfer of, such associated Common Shares.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Tembec Inc.)

Initial Exercise Price; Exercise of Rights; Detachment of Rights. (1) 2.2.1 Right to entitle holder to purchase one Common Share prior to adjustment. Subject to adjustment as herein set forth in section 2.3 and subject to Section 3.1(1) Article 3 hereof, each Right will entitle the holder thereof, from and after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price as at the Business Day immediately preceding the date of exercise of the Right, one Common Share (which price and number of Common Shares are subject to adjustment as set forth below and are subject to Section 3.1(1) subsection 3.1.1 hereof). Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall will be void. (2) 2.2.2 Rights not exercisable until Separation Time. Until the Separation Time, (i) the Rights shall will not be exercisable and no Right may be exercised, and (ii) for administrative purposes each Right will be evidenced by the certificates for the associated Common Shares registered in the names of the holders thereof (which certificates shall will also be deemed to be Rights Certificates) and will be transferable only together with, and will be transferred by a transfer of, such associated Common Shares.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Nevada Geothermal Power Inc)

Initial Exercise Price; Exercise of Rights; Detachment of Rights. (1) Right to entitle holder to purchase one Common Share prior to adjustment. Subject to adjustment as herein set forth and subject to Section 3.1(1) hereof, each Right will entitle the holder thereof, from and after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price as at the Business Day immediately preceding the date of exercise of the Right, one Common Share (which price and number of Common Shares are subject to adjustment as set forth below and are subject to Section 3.1(1) hereof). Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall be void. (2) Rights not exercisable until Separation Time. Until the Separation Time, (i) the Rights shall not be exercisable and no Right may be exercised, and (ii) for administrative purposes each Right will be evidenced by the certificates for the associated Common Shares registered in the names of the holders thereof (which certificates shall also be deemed to be Rights Certificates) and will be transferable only together with, and will be transferred by a transfer of, such associated Common Shares.

Appears in 1 contract

Samples: Shareholder Protection Rights Plan Agreement

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