Common use of Performance of Covenants by Warrant Agent Clause in Contracts

Performance of Covenants by Warrant Agent. If the Company shall fail to perform any of its covenants contained in this Indenture, the Warrant Agent may notify the Warrantholders of the failure on the part of the Company or may itself perform any of the said covenants capable of being performed by it, but shall be under no obligation to do so or to notify the Warrantholders. All sums expended or advanced by the Warrant Agent in so doing shall be repayable as provided in Section 4.4. No performance, expenditure or advance by the Warrant Agent shall be deemed to relieve the Company of any default hereunder.

Appears in 1 contract

Samples: Warrant Indenture (Adherex Technologies Inc)

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Performance of Covenants by Warrant Agent. If the Company shall fail to perform any of its covenants contained in this Indenture, the Warrant Agent may notify the Warrantholders of the failure on the part of the Company or may itself perform any of the said covenants capable of being performed by it, but shall be under no obligation to do so or to notify the Warrantholders. All sums expended or advanced by the Warrant Agent in so doing shall be repayable as provided in Section 4.44.3. No performance, expenditure or advance by the Warrant Agent shall be deemed to relieve the Company of any default hereunder.

Appears in 1 contract

Samples: Share Purchase Warrant Indenture (ConPharm)

Performance of Covenants by Warrant Agent. If the Company shall fail to perform any of its covenants contained in this Indenture, the Warrant Agent may notify the Warrantholders of the failure on the part of the Company or may itself perform any of the said covenants capable of being performed by it, but shall be under no obligation to do so or to notify the Warrantholders. All sums expended or advanced by the Warrant Agent in so doing shall be repayable as provided in Section 4.44.3. No performance, expenditure or advance by the Warrant Agent shall be deemed to relieve the Company of any default hereunderhereunder or of its continuing obligations under this Indenture.

Appears in 1 contract

Samples: Common Share Purchase Warrant Indenture (Primero Mining Corp)

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Performance of Covenants by Warrant Agent. If the Company Corporation shall fail to perform any of its covenants contained in this Indenture, the Warrant Agent may notify the Warrantholders of the failure on the part of the Company Corporation or may itself perform any of the said covenants capable of being performed by it, but shall be under no obligation to do so or to notify the Warrantholders. All sums expended or advanced by the Warrant Agent in so doing shall be repayable as provided in Section 4.44.3. No performance, expenditure or advance by the Warrant Agent shall be deemed to relieve the Company Corporation of any default hereunder.

Appears in 1 contract

Samples: Share Purchase Warrant Indenture (Novagold Resources Inc)

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