Common use of Redemption of Rights Clause in Contracts

Redemption of Rights. (a) Until the occurrence of a Flip-in Event as to which the application of Section 3.01 has not been waived pursuant to Section 5.02, the Board of Directors may, without the consent of the holders of Voting Shares or the holders of Rights, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 per Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.03, if an event of the type analogous to any of the events described in Section 2.03 shall have occurred (such redemption price being herein referred to as the “Redemption Price”).

Appears in 2 contracts

Samples: Shareholder Rights Plan Agreement (Western Uranium & Vanadium Corp.), Shareholder Rights Plan Agreement (Western Uranium & Vanadium Corp.)

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Redemption of Rights. (a) Until the occurrence of a Flip-in Event Event, as to which the application of Section 3.01 3.1 has not been waived pursuant to Section 5.025.2, the Board of Directors acting in good faith may, without the consent of the holders of Voting Shares or the holders of Rights, at any time elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 0.00001 per Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.032.3, if an event of the type analogous to any of the events described in Section 2.03 2.3 shall have occurred (such redemption price being herein referred to as the "Redemption Price").

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Falconbridge LTD)

Redemption of Rights. (a) Until the occurrence of a Flip-in Event Event, as to which the application of Section 3.01 3.1 has not been waived pursuant to Section 5.025.2, the Board of Directors mayDirectors, without the consent of the holders of Voting Shares or the holders of Rights, may at any time elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 0.00001 per Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.032.3, if an event of the type analogous to any of the events described in Section 2.03 2.3 shall have occurred (such redemption price being herein referred to as the "Redemption Price").

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Falconbridge LTD)

Redemption of Rights. (a) Until Subject to the prior consent of the holders of Voting Securities or Rights obtained as set forth in Section 5.5(b), or 5.5(c), as applicable, the Board of Directors, acting in good faith, may at any time prior to the occurrence of a Flip-in Event Event, as to which the application of Section 3.01 3.1 has not been waived pursuant to Section 5.02, the Board of Directors may, without the consent of the holders of Voting Shares or the holders of Rights5.2, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 0.0001 per Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.032.3, if an event of the type analogous to any of the events described in Section 2.03 2.3 shall have occurred (such redemption price being herein referred to as the “Redemption Price”).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Tricon Residential Inc.)

Redemption of Rights. (a) Until the occurrence of a Flip-in Event as to which the application of Section 3.01 has not been waived pursuant to Section 5.02, the Board of Directors may, without the consent of the holders of Voting Shares or the holders of Rights, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 per Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.03, if an event of the type analogous to any of the events described in Section 2.03 shall have occurred (such redemption price being herein referred to as the "Redemption Price").

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

Redemption of Rights. (a) Redemption of Rights Until the occurrence of a Flip-in Event as to which the application of Section 3.01 section 3.1 has not been waived pursuant to Section 5.02section 5.2, the Board board of Directors may, without the consent of the holders of Voting Shares or the holders of Rights, directors may elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 0.0001 per Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.03, section 2.3 if an event of the a type analogous to any of the events described in Section 2.03 section 2.3 shall have occurred (such redemption price being herein referred to as the "Redemption Price").

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

Redemption of Rights. (a) Until the occurrence of a Flip-in Event as to which the application of Section 3.01 3.1 has not been waived pursuant to Section 5.025.2, the Board of Directors may, without the consent of the holders of Voting Shares or the holders of Rights, may elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 0.00001 per Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.032.3, if an event of the type analogous to any of the events described in Section 2.03 2.3 shall have occurred (such redemption price being herein referred to as the “Redemption Price”).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Canada Southern Petroleum LTD)

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Redemption of Rights. (a) Until the occurrence of a Flip-in Event Event, as to which the application of Section 3.01 3.1 hereof has not been waived pursuant to Section 5.025.2 hereof, the Board of Directors mayDirectors, without the consent of the holders of Voting Shares or the holders of Rights, may at any time elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 0.00001 per RightRight (the “Redemption Price”), appropriately which Redemption Price shall not be adjusted in a manner analogous to the applicable adjustment provided for in Section 2.03, if an any event of the type analogous to any of the events described in Section 2.03 shall have occurred (such redemption price being herein referred to as the “Redemption Price”)2.3 hereof having occurred.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

Redemption of Rights. (a) Until Subject to the occurrence of a Flip-in Event as to which the application of Section 3.01 has not been waived pursuant to Section 5.02, the Board of Directors may, without the prior consent of the holders of Voting Shares or Rights obtained as set forth in Section 5.5(e) or 5.5(f), as applicable, the holders Board of RightsDirectors, acting in good faith, may at any time prior to the occurrence of a Flip-in Event, as to which the application of Section 3.1 has not been waived pursuant to Section 5.2, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 0.00001 per Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.032.3, if an event of the type analogous to any of the events described in Section 2.03 shall 2.3 have occurred (such redemption price being herein in this Agreement referred to as the “Redemption Price”).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Hudbay Minerals Inc.)

Redemption of Rights. (a) Until The Board of Directors, acting in good faith, may at any time prior to the occurrence of a Flip-in Event Event, as to which the application of Section 3.01 3.1 has not been waived pursuant to Section 5.02, the Board of Directors may, without the consent of the holders of Voting Shares or the holders of Rights5.2, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 0.00001 per Right, appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.032.3, if an event of the type analogous to any of the events described in Section 2.03 shall 2.3 have occurred (such redemption price being herein in this Agreement referred to as the “Redemption Price”).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Zarlink Semiconductor Inc)

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