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 any of the acquisition rights pursuant to any of the Purchase Warrants, including the number of Common Shares which are to be received upon the exercise thereof, the Corporation shall take any corporate action which may, in the opinion of counsel, be necessary in order that the Corporation has unissued and reserved in its authorized capital and may validly and legally issue as fully paid and non-assessable all the shares which the holders of such Purchase Warrants are entitled to receive on the full exercise thereof in accordance with the provisions hereof.

Appears in 5 contracts

Samples: Warrant Indenture (Golden Star Resources LTD), Warrant Indenture (Golden Star Resources LTD), Golden Star Resources LTD

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Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment in any of the acquisition rights pursuant to any of the Purchase Warrants, including the number of Common Shares which are to be received upon the exercise thereof, the Corporation shall take any corporate action which may, in the opinion of counselcounsel to the Corporation, be necessary in order that the Corporation has unissued and reserved in its authorized capital and may validly and legally issue as fully paid and non-assessable all the shares which the holders of such Purchase Warrants are holder is entitled to receive on the full exercise thereof in accordance with the provisions hereofof this Warrant Certificate.

Appears in 2 contracts

Samples: Combination Agreement (Acetex Corp), Combination Agreement (Acetex Corp)

Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment in any of the acquisition rights pursuant to any of the Purchase Warrants, including the number of Common Shares which are to be received upon the exercise thereof, the Corporation Company shall take any corporate action which may, in the opinion of counselCounsel, be necessary in order that the Corporation Company has unissued and reserved in its sufficient authorized capital and that the Company may validly and legally issue as fully fully-paid and non-assessable all the shares shares, warrants and other securities which the holders of such Purchase Warrants are entitled to receive on the full exercise thereof in accordance with the provisions hereof.

Appears in 1 contract

Samples: LLC Interests Purchase Agreement (Northern Orion Resources Inc)

Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment in any of the acquisition rights pursuant to any of the Purchase Class B Warrants, including the number of Common Shares which are to be received upon the exercise thereof, the Corporation shall take any corporate action which may, in the opinion of counsel, be necessary in order that the Corporation has unissued and reserved in its authorized capital and may validly and legally issue as fully paid and non-assessable all the shares which the holders of such Purchase Class B Warrants are entitled to receive on the full exercise thereof in accordance with the provisions hereof.

Appears in 1 contract

Samples: Seven Seas Petroleum Inc

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Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment in any of the acquisition rights pursuant to any of the Purchase Warrants, including the number of Common Shares which are to be received upon the exercise thereof, the Corporation Company shall take any corporate action which may, in the opinion of counsel, be necessary in order that the Corporation Company has unissued and reserved in its authorized capital and may validly and legally issue as fully paid and non-assessable all the shares which the holders of such Purchase Warrants are entitled to receive on the full exercise thereof in accordance with the provisions hereof.

Appears in 1 contract

Samples: Seven Seas Petroleum Inc

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