Common use of Redemption and Waiver Clause in Contracts

Redemption and Waiver. (a) The Board of Directors may, at its option, at any time prior to the occurrence of a Flip-in Event, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.0001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that an event of the type analogous to any of the events described in Section 2.3 shall have occurred (such redemption price being herein referred to as the "REDEMPTION PRICE"). The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish.

Appears in 2 contracts

Samples: Shareholder Protection Rights Agreement (Salix Pharmaceuticals LTD), Shareholder Protection Rights Agreement (Salix Pharmaceuticals LTD)

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Redemption and Waiver. (a1) The Board of Directors may, at its option, at any time prior to the occurrence of a Flip-in Event, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.0001 0.00001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section section 2.3 in the event that if an event of the type analogous to any of the events described in Section section 2.3 shall have occurred (such redemption price being herein referred to as the "REDEMPTION PRICERedemption Price"). The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish.

Appears in 1 contract

Samples: Rights Agreement (Golden Star Resources LTD)

Redemption and Waiver. (a1) The Board of Directors may, at its option, at any time prior to the occurrence of a Flip-in In Event, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.0001 0.001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that section 3.2 if an event of the type analogous to any of the events described in Section 2.3 section 3.2 shall have occurred (such redemption price being herein referred to as the "REDEMPTION PRICERedemption Price"). The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and with such conditions condition as the Board of Directors in its it sole discretion may establish.

Appears in 1 contract

Samples: Protection Rights Plan Agreement (Flotek Industries Inc/Cn/)

Redemption and Waiver. (a) The Board of Directors may, at its option, at any time prior to the occurrence of a Flip-in Event, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.0001 0.001 per Right Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that 3.2, if an event of the type analogous to any of the events described in Section 2.3 shall have occurred (such redemption price being herein referred to as the "REDEMPTION PRICERedemption Price"). The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish.

Appears in 1 contract

Samples: Shareholder Protection Rights Plan Agreement (Solucorp Industries LTD)

Redemption and Waiver. (a) a. The Board of Directors acting in good faith may, at its option, at any time prior to the occurrence of a Flip-in Event, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.0001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section section 2.3 in the event that if an event of the type analogous to any of the events described in Section section 2.3 shall have occurred (such redemption price being herein referred to as the "REDEMPTION PRICE"). The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish.

Appears in 1 contract

Samples: Shareholders Rights Plan Agreement (Birch Mountain Resources LTD)

Redemption and Waiver. (a) The Board of Directors may, at its option, at any time prior to the occurrence of a Flip-in Event, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.0001 0.001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that an event of the type analogous to any of the events described in Section 2.3 shall have occurred (such redemption price being herein referred to as the "REDEMPTION PRICERedemption Price"). The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish.

Appears in 1 contract

Samples: Shareholder Rights Agreement (Dura Products International Inc)

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Redemption and Waiver. (a) The Board of Directors may, at its option, at any time prior to the occurrence of a Flip-in Event, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.0001 0.00001 per Right Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that section , if an event of the type analogous to any of the events described in Section 2.3 section shall have occurred (such redemption price being herein referred to as the "REDEMPTION PRICE"“Redemption Price”). The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Triant Technologies Inc)

Redemption and Waiver. (a) The Board of Directors acting in good faith may, at its option, at any time prior to the occurrence of a Flip-in Event, Separation Time elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.0001 0.001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that herein if an event of the type analogous to any of the events described in Section 2.3 herein shall have occurred (such redemption price being herein referred to as the "REDEMPTION PRICERedemption Price"). The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Aspreva Pharmaceuticals CORP)

Redemption and Waiver. (a) The Board of Directors may, at its option, at any time prior to the occurrence of a Flip-in Event, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.0001 0.001 per Right Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that an event of the type analogous to any of the events described in Section 2.3 shall have occurred (such redemption price being herein referred to as the "REDEMPTION PRICERedemption Price"). The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish.

Appears in 1 contract

Samples: Shareholder Rights Agreement (Genetronics Biomedical LTD)

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