Obligation of Underwriters to Purchase. The obligation of the Underwriters to purchase the Offered Securities at the Offering Closing Time and at the Additional Offering Closing Time, if applicable, shall be several, not joint, and shall be limited to the following percentages of the aggregated number of Offered Securities to be purchased at that time: CIBC World Markets Inc. 40% National Bank Financial Inc. 20% RBC Dominion Securities Inc. 20% Scotia Capital Inc. 20% --- 100% === If any one or more of the Underwriters shall not purchase its applicable percentage of the Offered Securities at the Offering Closing Time, and at the Additional Offering Closing Time, if applicable, the others shall have the right, but shall not be obligated, to purchase all of the percentage of the Offered Securities which would otherwise have been purchased by such one or more of the Underwriters; the Underwriters exercising such right shall purchase such Offered Securities pro rata to their respective percentages aforesaid or in such other proportions as they may otherwise agree. In the event such right is not exercised, the Underwriters which are not in default shall be entitled by written notice to the Corporation to terminate this Agreement without liability. If none of the other Underwriters exercises such right, the Corporation shall be entitled to terminate its obligations under this Agreement (except for its liabilities under paragraphs 10, 11 and 12) and such other Underwriters shall be relieved of all of their obligations to the Corporation hereunder. An Underwriter which stands ready to purchase its percentage as stipulated above of the aggregate number of Offered Securities to be purchased by the Underwriters under this Agreement will have no liability to the Corporation if another Underwriter defaults in its obligation to purchase its percentage of such Offered Securities. Nothing in this paragraph shall oblige the Corporation to sell less than all of the Offered Securities or prejudice or limit any rights which the Corporation may have against a defaulting Underwriter or the rights any Underwriter may have against any other Underwriter.
Obligation of Underwriters to Purchase. The obligation of the Underwriters to purchase the Purchased Units or the Additional Units, as the case may be at the Closing Time or on the Option Closing Date, as the case may be, shall be several and not joint and shall be limited to the percentage of the Purchased Units or the Additional Units, as the case may be, set out opposite the name of the Underwriters respectively below: CIBC World Markets Inc. 25% Citigroup Global Markets Canada Inc. 22% UBS Securities Canada Inc. 22% BMO Xxxxxxx Xxxxx Inc. 10% Xxxxxxx Xxxx & Company, LLC 7% GMP Securities L.P. 7% Credit Suisse Securities (Canada), Inc. 5% Salman Partners Inc. 2% Subject to section 18(c), in the event that any of the Underwriters shall fail to purchase its applicable percentage of the Purchased Units or the Additional Units, as the case may be, at the Closing Time or on the Option Closing Date, as the case may be, the others shall be obligated, severally (not jointly), to purchase on a pro rata basis all of the percentage of the Purchased Units or the Additional Units, as the case may be, that would otherwise have been purchased by the defaulting Underwriter(s); provided, however, that in the event that the percentage of the total number of Purchased Units or Additional Units, as the case may be, which the defaulting Underwriter(s) has failed to purchase exceeds 10% of the total number of Purchased Units or Additional Units, as the case may be, which the Underwriters have agreed to purchase, the other Underwriters shall have the right, but shall not be obligated, to purchase on a pro rata basis all of the percentage of the total number of Purchased Units or Additional Units, as the case may be, that would otherwise have been purchased by the defaulting Underwriter(s). In the event that such right is not exercised, then Pretivm and Silver Standard shall have the right to terminate their respective obligations hereunder without liability except as set out below and the other Underwriters which are not in default shall be relieved of all obligations to Pretivm and Silver Standard in respect of the defaulting Underwriter’s Units. Nothing in this section 18(a) shall oblige Pretivm or Silver Standard to sell to the Underwriters less than all of the Purchased Units or the Additional Units, as the case may be, or relieve from liability to Pretivm or Silver Standard any Underwriter which shall be so in default. In the event of a termination by Pretivm or Silver Standard of their respective obligations ...
Obligation of Underwriters to Purchase. The obligation of the Underwriters to purchase the Purchased Shares at the Closing Time shall be several (and not joint nor joint and several) and shall be limited to the percentage of the Purchased Shares set out opposite the name of the Underwriters respectively below: GMP Securities L.P. 22.575% BMO Xxxxxxx Xxxxx Inc. 22.575% CIBC World Markets Inc. 7.65% HSBC Securities (Canada) Inc. 7.65% RBC Dominion Securities Inc. 7.65% Scotia Capital Inc. 7.65% TD Securities Inc. 7.65% Citigroup Global Markets Canada Inc. 1.60% Credit Suisse Securities (Canada), Inc. 1.60% Xxxxxxx Xxxxx Canada Inc. 1.60% Laurentian Bank Securities Inc. 1.60% Xxxxxxx Xxxxx Canada Inc. 1.60% Xxxxxx Xxxxxxx Canada Ltd. 1.60% Beacon Securities Limited 1.00% Canaccord Genuity Corp. 1.00% Cormark Securities Inc. 1.00% Dundee Securities Ltd. 1.00% Macquarie Capital Markets Canada Ltd. 1.00% Paradigm Capital Inc. 1.00% Xxxxxxx Xxxxx Ltd. 1.00% Total 100% In the event that any of the Underwriters fails to purchase at the Closing Time its applicable percentage of the total number of Purchased Shares, and the number of such Purchased Shares of its applicable percentage that such Underwriter fails to acquire is 10% or less of the aggregate number of Purchased Shares, then each of the non-defaulting Underwriters is obligated severally to purchase the Purchased Shares which the defaulting Underwriter fails to purchase, or a pro rata basis or as they may otherwise agree as between themselves. Subject to the foregoing, in the event that any Underwriter does not purchase its applicable percentage of the Purchased Shares, the Underwriters which are not in default shall be entitled to terminate their obligations without liability.
Obligation of Underwriters to Purchase. The obligation of the Underwriters to purchase the Purchased Shares or the Over- Allotment Shares, as the case may be at the Closing Time or on the Over-Allotment Closing Date, as the case may be, shall be several and not joint and several and shall be limited to the percentage of the Purchased Shares or the Over-Allotment Shares, as the case may be set out opposite the name of the Underwriters respectively below: Scotia Capital Inc. 28.0% Canaccord Genuity Corp. 26.0% TD Securities Inc. 26.0% BMO Xxxxxxx Xxxxx Inc. 7.0% GMP Securities L.P. 3.0% Xxxxxxx Securities Inc. 3.0% Cormark Securities Inc. 2.0% Numis Securities Limited 2.0% Eight Capital 1.0% PI Financial Corp. 1.0% Sprott Private Wealth Inc. 1.0% 100%
Obligation of Underwriters to Purchase. The obligation of the Underwriters to purchase the Offered Units at the Closing Time shall be several and not joint, and each of the Underwriters shall be obligated to purchase only that percentage of the Offered Units set out opposite the name of such Underwriter below. Cormark Securities Inc.(1)(2) 80.0%
Obligation of Underwriters to Purchase. (a) Subject to the terms and conditions of this Agreement, the obligation of the Underwriters to purchase the Firm Shares or the Option Shares at the Closing Time or at the Option Closing Time, as the case may be, shall be several and not joint (nor joint and several) and shall be equal to the percentage of the Firm Shares or the Option Shares, as the case may be, set out opposite the name of the respective Underwriters below: CIBC World Markets Inc. 32.5% Eight Capital 32.5% GMP Securities L.P. 15.0% BMO Xxxxxxx Xxxxx Inc. 5.0% Cormark Securities Inc. 5.0% PI Financial Corp. 5.0% Scotia Capital Inc. 5.0% TOTAL 100.0%
Obligation of Underwriters to Purchase. The obligation of the Underwriters to purchase the Purchased Securities or the Additional Securities, as the case may be at the Closing Time or on the Option Closing Date, as the case may be, shall be several and not joint and several and shall be limited to the percentage of the Purchased Securities or the Additional Securities, as the case may be set out opposite the name of the Underwriters respectively below: Clarus Securities Inc. 25 % Canaccord Genuity Corp. 25 % Jxxxxxxx Capital Inc. 20 % D&D Securities Inc. 15 % Selling Group concession 15% (to be purchased by the Co-Lead Underwriters on a pro rata between them in the event that it is not purchased by Selling Firms at the Closing Time) Subject to paragraph 15(c), in the event that any of the Underwriters shall fail to purchase its applicable percentage of the Purchased Securities or the Additional Securities, as the case may be, at the Closing Time or on the Option Closing Date, as the case may be, the others shall have the right, but shall not be obligated, to purchase on a pro rata basis all of the percentage of the Purchased Securities or the Additional Securities, as the case may be, on a pro rata basis which would otherwise have been purchased by that one of the Underwriters which is in default.
Obligation of Underwriters to Purchase. Subject to Section 21(e), the obligation of the Underwriters to purchase the Firm Shares or the Optional Shares, as the case may be, at the Closing Time or the Option Closing Time, as the case may be, shall be several and not joint and each of the Underwriters shall be obligated to purchase only that percentage of the Firm Shares or the Optional Shares, as the case may be, set out opposite the name of such Underwriter below. BMO Xxxxxxx Xxxxx Inc. ● % Eight Capital ● % 100 %
Obligation of Underwriters to Purchase. Subject to Section 21(b), the obligation of the Underwriters to purchase the Firm Shares or the Optional Shares, as the case may be, at the Closing Time or the Option Closing Time, as the case may be, shall be several and not joint and each of the Underwriters shall be obligated to purchase only that percentage of the Firm Shares or the Optional Shares, as the case may be, set out opposite the name of such Underwriter below. Xxxxxxx Xxxxx & Co. LLC 41 % X.X. Xxxxxx Securities LLC 36 % TD Securities Inc. 7 % Scotia Capital (USA) Inc. 4 % National Bank of Canada Financial, Inc. 4 % Cormark Securities Inc. 1.50 % Xxxxxx Xxxxxxxx Canada Inc. 1.50 % Commerz Markets LLC 1.25 % Xxxxxxx Xxxxx & Associates, Inc. 1.25 % RBC Capital Markets, LLC 1.25 % UniCredit Capital Markets LLC 1.25 % 100.0 %
Obligation of Underwriters to Purchase. Subject to Section 24(b), the obligation of the Underwriters to purchase the Firm Shares or the Optional Shares, as the case may be, at the Closing Time or the Option Closing Time, as the case may be, shall be several and not joint and each of the Underwriters shall be obligated to purchase only that percentage of the Firm Shares or the Optional Shares, as the case may be, set out opposite the name of such Underwriter below. Xxxxxxx Sachs & Co. LLC • % Credit Suisse Securities (USA) LLC • % X.X. Xxxxxx Securities LLC • % • • % • • % • • % 100.0 %
