Common use of Issue of Common Shares and Payments thereon Clause in Contracts

Issue of Common Shares and Payments thereon. (a) If the Disposition Time occurs prior to the Termination Time, the Common Shares shall be and shall be deemed to be issued to the Receiptholders in accordance with the right of such holder as described in Subsection 2.2(a)(i) hereof (which right shall be and shall be deemed to be exercised upon the occurrence of the Disposition Time) and such Common Shares shall be deemed to be issued pursuant to the Corporation's constating documents at the Disposition Time, notwithstanding that a customer confirmation therefor may not yet have been issued, and the persons to whom such Common Shares are to be issued in accordance with the provisions of this Agreement shall be deemed to have become the holders of record of such Common Shares at the Disposition Time.

Issue of Common Shares and Payments thereon. (a) If the Disposition Time occurs prior to Escrow Conditions are satisfied on or before the Termination TimeDeadline, upon receipt by the Subscription Receipt Agent of the Release Notice and the Irrevocable Direction, the Common Shares and Warrants shall be and shall be deemed to be issued to the Receiptholders in accordance with the right of such holder as described in Subsection 2.2(a)(iSection 2.2(a) hereof (which right shall be and shall be deemed to be exercised upon the occurrence of the Disposition Issue Time) and such Common Shares and Warrants shall be deemed to be issued pursuant to the Corporation's constating documents at the Disposition Issue Time, notwithstanding that a customer confirmation or certificates representing Common Shares and Warrants, as applicable, therefor may not yet have been issued, and the persons to whom such Common Shares and Warrants are to be issued in accordance with the provisions of this Agreement shall be deemed to have become the holders of record of such Common Shares and Warrants at the Disposition Issue Time.

Issue of Common Shares and Payments thereon. (a) (i) If the Disposition Acquisition Time occurs prior on or before 5:00 p.m. (Calgary time) on June 30, 2014 or a Repayment Default Notice has been delivered to the Termination TimeSubscription Receipt Agent, upon receipt by the Subscription Receipt Agent of the Acquisition Closing Notice and the Issue Direction or the Repayment Default Notice, as applicable, the Common Shares shall be and shall be deemed to be issued to the Receiptholders in accordance with the right of such holder as described in Subsection 2.2(a)(iSection 2.2(a) hereof (which right shall be and shall be deemed to be exercised upon the occurrence of the Disposition TimeAcquisition Time or upon delivery of the Repayment Default Notice) and such Common Shares shall be deemed to be issued pursuant to the Corporation's ’s constating documents at the Disposition Issue Time, notwithstanding that a customer certificate or a Book-Entry Only System confirmation therefor may not yet have been issued, and the persons to whom such Common Shares are to be issued in accordance with the provisions of this Agreement shall be deemed to have become the holders of record of such Common Shares at the Disposition Issue Time.

Issue of Common Shares and Payments thereon. (a) If Upon the Disposition Time occurs prior satisfaction of the Escrow Release Conditions and delivery of the Notice to the Subscription Receipt Agent on or before the Termination Time, the Common Shares shall be and shall be deemed to be issued to the Receiptholders in accordance with the right of such holder as described in Subsection 2.2(a)(iSection 2.2(a) hereof (which right shall be and shall be deemed to be exercised upon the occurrence of the Disposition Acquisition Time) and such Common Shares shall be deemed to be issued pursuant to the Corporation's ’s constating documents at the Disposition Issue Time, notwithstanding that a customer confirmation therefor may not yet have been issued, and the persons Persons to whom such Common Shares are to be issued in accordance with the provisions of this Agreement shall be deemed to have become the holders of record of such Common Shares at the Disposition Issue Time.