Common use of Redemption and Waiver Clause in Contracts

Redemption and Waiver. (1) Subject to the prior consent of the holders of Voting Shares or Rights obtained as set forth in Section 5.4(2) or Section 5.4(3) hereof, as applicable, the Board of Directors acting in good faith may, 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 $0.00001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that an event of the type described in Section 2.3 hereof shall have occurred (such redemption price being herein referred to as the “Redemption Price”).

Appears in 15 contracts

Samples: Shareholder Rights Plan Agreement (GREAT PANTHER MINING LTD), Shareholder Rights Plan Agreement (GREAT PANTHER MINING LTD), Shareholder Protection Rights Plan Agreement (Cae Inc)

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Redemption and Waiver. (1) Subject to the prior consent of the holders of Voting Shares or Rights obtained as set forth in Section 5.4(2) or Section 5.4(3) hereof, as applicable, the Board of Directors acting in good faith may, 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 $0.00001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that an event of the type described in Section 2.3 hereof shall have occurred (such redemption price being herein referred to as the "Redemption Price").

Appears in 8 contracts

Samples: Shareholder Rights Plan Agreement (Baja Mining Corp.), Shareholder Rights Plan Agreement (Baja Mining Corp.), Shareholder Rights Plan Agreement (North American Palladium LTD)

Redemption and Waiver. (1a) Subject to the prior consent of the holders of Voting Shares or Rights (obtained as set forth described in Section 5.4(25.4(b) or Section 5.4(3) hereof, as applicable5.4(c)), the Board of Directors acting in good faith may, 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 $0.00001 0.0001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that if an event of the type analogous to any of the events described in Section 2.3 hereof shall have occurred (such redemption price being herein referred to as the “Redemption Price”).

Appears in 5 contracts

Samples: Shareholder Rights Plan Agreement (Taseko Mines LTD), Shareholder Rights Plan Agreement (Farallon Resources Ltd.), Shareholder Rights Plan Agreement (Northern Dynasty Minerals LTD)

Redemption and Waiver. (1) Subject to the prior consent of the holders of Voting Shares or Rights obtained as set forth in Section 5.4(2) or Section 5.4(3) hereof, as applicable, the Board of Directors acting in good faith may, 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 $0.00001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that an event of the type described in Section 2.3 hereof shall have occurred (such redemption price being herein referred to as the “Redemption Price”"REDEMPTION PRICE").

Appears in 2 contracts

Samples: Shareholder Protection Rights Plan Agreement (Cae Inc), Agreement (Cae Inc)

Redemption and Waiver. (1a) Subject to the prior consent of the holders of Voting Shares or Rights (obtained as set forth described in Section 5.4(2subsection 5.4(b) or Section 5.4(3) hereof, as applicablesubsection 5.4(c)), the Board of Directors acting in good faith may, 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 $0.00001 0.0001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that if an event of the type analogous to any of the events described in Section 2.3 hereof shall have occurred (such redemption price being herein referred to as the “Redemption Price”).

Appears in 2 contracts

Samples: Shareholder Rights Plan Agreement (Atlantic Power Corp), Shareholder Rights Plan Agreement (Atlantic Power Corp)

Redemption and Waiver. (1a) Subject to the prior consent of the holders of the Voting Shares or the Rights obtained as set forth in Section 5.4(2) or Section 5.4(3) hereof, as applicableSubsection 5.4(c), 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 $0.00001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that if an event of the type analogous to any of the events described in Section 2.3 hereof shall have occurred (such redemption price being herein referred to as the "Redemption Price").

Appears in 2 contracts

Samples: Shareholder Protection Rights Plan Agreement, Shareholder Protection Rights Plan Agreement

Redemption and Waiver. (1) Subject to the prior consent of the holders of Voting Shares or Rights obtained as set forth in Section 5.4(25.7(2) or Section 5.4(35.7(3) hereof, as applicable, the Board of Directors acting in good faith may, 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 $0.00001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that an event of the type described in Section 2.3 hereof shall have occurred (such redemption price being herein referred to as the “Redemption Price”).

Appears in 2 contracts

Samples: Protection Rights Plan Agreement, Protection Rights Plan Agreement

Redemption and Waiver. (1) Subject to the prior consent of the holders of Voting Shares Trust Units or Rights obtained as set forth in Section 5.4(2) or Section 5.4(3) hereof, as applicable, the Board of Directors acting in good faith may, 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 $0.00001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that an event of the type described in Section 2.3 hereof shall have occurred (such redemption price being herein referred to as the "Redemption Price").

Appears in 1 contract

Samples: Unitholder Rights Plan Agreement (Primewest Energy Trust)

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Redemption and Waiver. (1) Subject to the prior consent of the holders of Voting Shares each type or class of New Instruments or Rights obtained as set forth in Section 5.4(2) or Section 5.4(3) hereof, as applicable, the Board of Directors acting in good faith may, 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 $0.00001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that an event of the type described in Section 2.3 hereof shall have occurred (such redemption price being herein referred to as the “Redemption Price”).

Appears in 1 contract

Samples: Shareholder Rights Plan (Microcell Telecommunications Inc)

Redemption and Waiver. (1a) Subject to the prior consent of the holders of the Voting Shares or the Rights obtained as set forth in Section 5.4(2) or Section 5.4(3) hereof, as applicableSubsection 5.4(c), 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 $0.00001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that if an event of the type analogous to any of the events described in Section 2.3 hereof shall have occurred (such redemption price being herein referred to as the "Redemption Price”).Price").‌‌‌

Appears in 1 contract

Samples: Shareholder Protection Rights Plan Agreement

Redemption and Waiver. (1) Subject to the prior consent of the holders of Voting Shares or Rights obtained as set forth in Section 5.4(2) or Section 5.4(3) hereof, as applicableRights, the Board of Directors acting in good faith may, at any time prior to the occurrence of a Flip-in EventEvent as to which the application of Section 3.1 has not been waived pursuant to the provisions of this Section 5.1, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.00001 per Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that an event of the type described in Section 2.3 hereof shall have occurred (such redemption price being herein referred to as the “Redemption Price”).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

Redemption and Waiver. (1a) Subject to The Trustees acting in good faith may, with the prior consent of the holders of Voting Shares Units or Rights obtained as set forth in Section 5.4(2) or Section 5.4(3) hereofof the holders of Rights, as applicable, the Board of Directors acting in good faith maycase may be, at any time prior to the provisions of section 4.1 becoming applicable as a result of 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 $0.00001 0.0001 per Right Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that section 3.2, if an event of the type analogous to any of the events described in Section 2.3 hereof section 3.2 shall have occurred (such redemption price being herein referred to as the “Redemption Price”).

Appears in 1 contract

Samples: Unitholder Rights Plan Agreement

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