Common use of Right to Repay Redemption Price in Common Shares Clause in Contracts

Right to Repay Redemption Price in Common Shares. (a) Subject to the other provisions of this Section 4.6 and applicable regulatory approval, the Corporation may, at its option, in exchange for or in lieu of paying the Redemption Price in money, elect to satisfy its obligation to pay all or any portion of the Redemption Price by issuing and delivering to holders on the Redemption Date that number of Freely Tradeable Common Shares obtained by dividing the Redemption Price or an applicable portion thereof, to be satisfied by the issuance and delivery of Freely Tradeable Common Shares, by 95% of the Current Market Price on the Redemption Date (the “Common Share Redemption Right”),

Appears in 2 contracts

Samples: Trust Indenture (IntelGenx Technologies Corp.), Trust Indenture (IntelGenx Technologies Corp.)

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Right to Repay Redemption Price in Common Shares. (a) Subject to the receipt of any required regulatory approvals and the other provisions of this Section 4.6 and applicable regulatory approval4.6, the Corporation may, at its option, in exchange for or in lieu of paying the Redemption Price in money, elect to satisfy its obligation to pay all or any portion of the Redemption Price by issuing and delivering to holders on the Redemption Date that number of Freely Tradeable Common Shares obtained by dividing the Redemption Price (or an applicable portion thereof, thereof to be satisfied by the issuance and delivery of Freely Tradeable Common Shares, ) by 95% of the then Current Market Price of the Common Shares (which will be calculated based on the 20 consecutive trading days ending five days before the Redemption Date Date) (the “Common Share Redemption Right”),.

Appears in 2 contracts

Samples: Debenture Indenture (Molycorp, Inc.), Debenture Indenture (Ivanhoe Energy Inc)

Right to Repay Redemption Price in Common Shares. (a) Subject to the receipt of any required regulatory approvals and the other provisions of this Section 4.6 and applicable regulatory approval4.6, the Corporation may, at its option, in exchange for or in lieu of paying the Redemption Price in money, elect to satisfy its obligation to pay all or any portion of the Redemption Price by issuing and delivering to holders on the Redemption Date that number of Freely Tradeable Common Shares obtained by dividing the Redemption Price (or an applicable portion thereof, thereof to be satisfied by the issuance and delivery of Freely Tradeable Common Shares, ) by 95% of the then Current Market Price of the Common Shares on the Redemption Date (the "Common Share Redemption Right"),.

Appears in 1 contract

Samples: Convertible Debenture (Advantage Oil & Gas Ltd.)

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Right to Repay Redemption Price in Common Shares. (a) Subject to the receipt of any required regulatory approvals and the other provisions of this Section 4.6 and applicable regulatory approval4.6, the Corporation may, at its option, in exchange for or in lieu of paying the Redemption Price in money, elect to satisfy its obligation to pay all or any portion of the Redemption Price by issuing and delivering to holders on the Redemption Date that number of Freely Tradeable Common Shares obtained by dividing the Redemption Price (or an applicable portion thereof, thereof to be satisfied by the issuance and delivery of Freely Tradeable Common Shares, ) by 95% of the then Current Market Price of the Common Shares on the Redemption Date (the “Common Share Redemption Right”),.

Appears in 1 contract

Samples: Convertible Debenture Indenture (Anderson Energy LTD)

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