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, 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.
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Samples: Shareholder Rights Plan Agreement (Crosshair Exploration & Mining Corp), Shareholder Rights Plan Agreement (Crosshair Exploration & Mining Corp)
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, Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that 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 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: Shareholders Rights Plan Agreement (Birch Mountain Resources LTD), Shareholders Rights Plan Agreement (Centurion Energy Internatonal Inc)
Redemption and Waiver. (a) The Board of Directors of the Corporation 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, Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section section 2.3 in the event that 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 of the Corporation may be made effective at such time, on such basis and with such conditions as the Board of Directors of the Corporation in its sole discretion may establish.
Appears in 2 contracts
Samples: Shareholder Protection Rights Plan Agreement (AnorMED Inc.), Shareholder Protection Rights Plan Agreement (AnorMED 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 EventSeparation 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, 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 Director 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 (Surge Components 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, 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 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 (Med BioGene 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 0.00001 per Right, Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section section 2.3 in the event that herein if an event of the type analogous to any of the events described in Section section 2.3 herein 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: Limited Duration Shareholder Rights Plan Agreement (AnorMED 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, Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section section 2.3 in the event that herein if an event of the type analogous to any of the events described in Section section 2.3 herein 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
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 EventSeparation 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, Right appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section section 2.3 in the event that 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: Shareholder Protection Rights Plan Agreement (Haemacure Corp)
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 EventSeparation 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 and Clause in the event that an event of the type analogous to any of the events described in Section 2.3 and Clause 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: Shareholder Rights Plan Agreement (Forbes Medi Tech Inc)