Issuances Not Subject to Participation Rights. The following Issuances will not give rise to a Participation Right:
Issuances Not Subject to Participation Rights. Notwithstanding anything to the contrary contained herein, Sections 5.1 to 5.5 inclusive will not apply to any Issuances (a) for compensatory purposes to directors, officers, employees of or consultants to the Company and its Affiliates pursuant to compensation arrangements, or (b) pursuant to the exercise of existing convertible securities of the Company that have been issued or granted as of the date hereof (each such issuance of securities pursuant to paragraph (a) and (b) hereof being referred to as a "Dilutive Event").
Issuances Not Subject to Participation Rights. Notwithstanding anything to the contrary contained herein, Sections 3.1 to 3.4 inclusive shall not apply to any Issuances (a) for compensatory purposes to directors, officers, employees, contractors or consultants pursuant to a security compensation plan of the Corporation that complies with the requirements of the Exchange, (b) pursuant to the exercise of existing convertible securities of the Corporation that have been issued or granted as of the date hereof, (c) pursuant to the exercise of convertible, exercisable or exchangeable securities of the Corporation issued in an Offering in respect of which the Investor had a Participation Right, or (d) pursuant to, or arising in connection with, any transaction in which the Corporation acquires an interest in a third party, whether by way of plan of arrangement, merger, business combination, or otherwise or pursuant to, or arising in connection with, a take-over bid (including a shareholder rights plan) (each such issuance of securities pursuant to paragraph (a), (b), (c) and (d) hereof being referred to as a “Dilutive Event”).
Issuances Not Subject to Participation Rights. Notwithstanding anything to the contrary contained herein, Sections 3.1 to 3.4 inclusive will not apply to any Issuances (a) for compensatory purposes to directors, officers, employees, contractors or consultants pursuant to a security compensation plan of the Corporation that complies with the requirements of the Exchange, (b) pursuant to the exercise of existing convertible securities of the Corporation that have been issued or granted as of the date hereof, or (c) pursuant to, or arising in connection with, any transaction in which the Corporation acquires an interest in a third party, whether by way of plan of arrangement, merger, business combination, or otherwise or pursuant to, or arising in connection with, a take-over bid (including a shareholder rights plan) (each such issuance of securities pursuant to paragraph (a), (b) and (c) hereof being referred to as a “Dilutive Event”).
Issuances Not Subject to Participation Rights. Notwithstanding anything to the contrary contained herein, Sections 4.1 to 4.4 inclusive will not apply to any Issuances: (a) for compensatory purposes to directors, officers, employees of or consultants to the Corporation and its Affiliates pursuant to a security compensation plan of the Corporation that complies with the requirements of the Exchange; (b) pursuant to the exercise of existing convertible securities of the Corporation that have been issued or granted as of the date hereof; or (c) pursuant to, or arising in connection with, any transaction in which the Corporation acquires an interest in a third-party, whether by way of plan of arrangement, merger, business combination, take-over bid or otherwise.
Issuances Not Subject to Participation Rights. Notwithstanding anything to the contrary contained herein, Sections 3.1 to 3.4 inclusive will not apply to any Issuances (a) for compensatory purposes to directors, officers, employees of or consultants to Rivers and its Affiliates pursuant to a security compensation plan of Rivers; or (b) pursuant to the exercise of existing convertible securities of Rivers that have been issued or granted as of the date hereof (each such issuance of securities pursuant to paragraph (a) and (b) hereof being referred to as a “Dilutive Event”).
Issuances Not Subject to Participation Rights. Notwithstanding anything to the contrary contained herein, Sections 3.1 to 3.4 inclusive will not apply to any Issuances (each such issuance of securities pursuant to paragraph (a) or (b) hereof being referred to as a "Dilutive Event"):
