Common use of Partial Exercise of Warrants; Fractions Clause in Contracts

Partial Exercise of Warrants; Fractions. (1) The holder of any Warrants may exercise his/her/its right to acquire a number of whole Common Shares less than the aggregate number which the holder is entitled to acquire. In the event of any exercise of a number of Warrants less than the number which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. (2) Notwithstanding anything herein contained including any adjustment provisions contained in the Warrant Indenture, the Company shall not be required, upon the exercise of any Warrants, to issue fractions of Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares.

Appears in 1 contract

Samples: Warrant Indenture (Sandstorm Gold LTD)

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Partial Exercise of Warrants; Fractions. (1) 3.8.1 The holder of any Warrants may exercise his/her/, her or its right to acquire a number of whole Common Warrant Shares less than the aggregate number which the holder is entitled to acquire. In the event of any exercise of a number of Warrants less than the number which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. (2) 3.8.2 Notwithstanding anything herein contained including any adjustment provisions contained provided for in the Warrant IndentureArticle 4, the Company Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Common Warrant Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Warrant Shares.

Appears in 1 contract

Samples: Warrant Indenture

Partial Exercise of Warrants; Fractions. (1) The holder of any Warrants may exercise his/her/its his right to acquire a number of whole Common Ordinary Shares less than the aggregate number which the holder is entitled to acquire. In the event of any exercise of a number of Warrants less than the number which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. (2) Notwithstanding anything herein contained including any adjustment provisions contained provided for in the Warrant IndentureSection 4.1, the Company Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Common Ordinary Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Ordinary Shares. Any subscription for fractional Ordinary Shares will be deemed to be a subscription for the closest whole number of Ordinary Shares rounding down, and no cash or other consideration will be paid in lieu of fractional shares.

Appears in 1 contract

Samples: Warrant Indenture

Partial Exercise of Warrants; Fractions. (1) The holder of any Warrants may exercise his/her/its his or her right to acquire a number of whole Common Warrant Shares less ‎less than the aggregate number which the holder is entitled to acquire. In the event of any exercise ‎exercise of a number of Warrants that is less than the number which the holder is entitled to exercise‎exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without ‎without charge therefor, a new Warrant Certificate(s), bearing the same legendlegends, if applicable, or other ‎other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder ‎holder and which were not then exercised.exercised.‎ (2) Notwithstanding anything herein contained including any adjustment provisions contained provided for in the Warrant IndentureArticle 4, the Company ‎Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Common ‎Warrant Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers ‎of Warrant Shares. Any subscription for fractional Warrant Shares will be deemed to be a ‎subscription for the closest whole number of Common Shares.Warrant Shares and shall be rounded down, and no ‎cash or other consideration will be paid in lieu of fractional shares.‎

Appears in 1 contract

Samples: Warrant Indenture (Vizsla Silver Corp.)

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Partial Exercise of Warrants; Fractions. (1) The holder of any Warrants may exercise his/her/its his right to acquire a number of whole Common Shares that is less than the aggregate number which the holder is entitled to acquire. In the event of any exercise of a number of Warrants that is less than the number which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legendlegends, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. (2) Notwithstanding anything herein contained contained, including any adjustment provisions contained provided for in the Warrant IndentureArticle 4, the Company Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any subscription for fractional Common Shares will be deemed to be a subscription for the closest whole number of Common Shares rounding down, and no cash or other consideration will be paid in lieu of fractional shares.

Appears in 1 contract

Samples: Warrant Indenture (Nobilis Health Corp.)

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