Common use of Proceedings Prior to Any Action Requiring Adjustment Clause in Contracts

Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment in the rights attached to the Subscription Receipts, the Corporation shall take any corporate action which may, in the opinion of Counsel, be necessary to ensure that the Corporation may validly and legally issue, as fully paid and non-assessable Common Shares, all of the Common Shares which the holders of such Subscription Receipts are entitled to receive pursuant to the terms of the Subscription Receipt, in accordance with the provisions of this Agreement.

Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment in the rights attached to number of Common Shares issuable upon conversion of the Subscription Receipts, the Corporation shall take any corporate action which may, in the opinion of CounselCounsel to the Corporation (acting reasonably), be necessary to ensure that the Corporation has sufficient authorized capital and that the Corporation may validly and legally issue, as fully paid and non-assessable Common Sharesshares, all of the Common Shares shares which the holders of such Subscription Receipts are entitled to receive pursuant to on the terms conversion of the Subscription ReceiptReceipts, in accordance with the provisions of this Agreement.

Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment in the rights attached to number of Units issuable upon conversion of the Subscription Receipts, the Corporation shall take any corporate action which may, in the opinion of CounselCounsel to the Corporation (acting reasonably), be necessary to ensure that the Corporation has sufficient authorized capital and that the Corporation may validly and legally issue, as fully paid and non-non- assessable Common Sharesshares, all of the Common Shares shares which the holders of such Subscription Receipts are entitled to receive pursuant to on the terms conversion of the Subscription ReceiptReceipts, in accordance with the provisions of this Agreement.

Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment in the rights attached to number of Units issuable upon conversion of the Subscription Receipts, the Corporation Company shall take any corporate action which may, in the opinion of CounselCounsel (acting reasonably), be necessary to ensure that the Corporation Company has sufficient authorized capital and that the Company may validly and legally issue, as fully paid and non-non- assessable Common Sharessecurities, all of the Common Shares securities which the holders of such Subscription Receipts are entitled to receive pursuant to on the terms conversion of the Subscription ReceiptReceipts, in accordance with the provisions of this Agreement.

Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require requires an adjustment in any of the acquisition rights attached pursuant to the Subscription Receipts, the Corporation shall take any corporate action which may, may in the its opinion of Counsel, be necessary to ensure in order that the Corporation or any successor to the Corporation has reserved, allotted and set aside for issuance Common Shares in its authorized capital and may validly and legally issue, issue as fully paid and non-assessable Common Shares, all of the Common Shares and may validly and legally deliver all other securities or property which the holders of such Subscription Receipts Receiptholders are entitled to receive pursuant to on the terms conversion of the Subscription Receipt, Receipts in accordance with the provisions of this Agreementhereof.

Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment in the rights attached to number of Underlying Securities issuable upon conversion of the Subscription Receipts, the Corporation shall take any corporate action which may, in the opinion of Counselcounsel to the Corporation (acting reasonably), be necessary to ensure that the Corporation has sufficient authorized capital and that the Corporation may validly and legally issue, as fully paid and non-assessable Common Sharesshares, all of the Common Shares which the holders of such Subscription Receipts are entitled to receive pursuant to on the terms conversion of the Subscription ReceiptReceipts, in accordance with the provisions of this Agreement.

Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment in the rights attached to number of Special Warrants issuable upon conversion of the Subscription Receipts, the Corporation shall take any corporate action which may, in the opinion of CounselCounsel to the Corporation (acting reasonably), be necessary to ensure that the Corporation has sufficient authorized capital and that the Corporation may validly and legally issue, as fully paid and non-assessable Common Sharesshares, all of the Common Shares shares which the holders of such Subscription Receipts are entitled to receive pursuant to on the terms conversion of the Subscription ReceiptReceipts, in accordance with the provisions of this Agreement.

Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment in the rights attached to number of Units issuable upon conversion of the Subscription Receipts, the Corporation Company shall take any corporate action which may, in the opinion of CounselCounsel (acting reasonably), be necessary to ensure that the Corporation Company has sufficient authorized capital and that the Company may validly and legally issue, as fully paid and non-assessable Common Sharessecurities, all of the Common Shares securities which the holders of such Subscription Receipts are entitled to receive pursuant to on the terms conversion of the Subscription ReceiptReceipts, in accordance with the provisions of this Agreement.

Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment in the rights attached to the Subscription Receipts, the Corporation shall take any corporate action which may, in the opinion of Counsel, be necessary to ensure that the Corporation has sufficient authorized capital and that the Corporation may validly and legally issue, as fully paid and non-assessable Common Shares, all of the Common Shares which the holders of such Subscription Receipts are entitled to receive pursuant to the terms of the Subscription ReceiptReceipts, in accordance with the provisions of this Agreement.