Rules of Adjustment Sample Clauses

Rules of Adjustment. Notwithstanding anything contained herein, the following rules and procedures will be applicable to adjustments made pursuant to this Article 4: (a) subject to the following provisions of this section, any adjustment made pursuant to this Article 4 will be made successively whenever an event referred to therein will occur; (b) no adjustment in the Exercise Price will be required unless the adjustment would result in a change of at least one per cent (1%) in the Exercise Price then in effect and no adjustment will be made in the number of Common Shares purchasable or issuable on the exercise of the Warrants unless it would result in a change of at least one one-hundredth of a Common Share; provided, however, that any adjustments which except for the provisions of this clause would otherwise have been required to be made will be carried forward and taken into account in any subsequent adjustment; (c) neither the number of Common Shares purchasable upon the exercise of a Warrant nor the Exercise Price thereof shall be adjusted or be subject to adjustment as a result of: (i) the granting by the Corporation of options or other rights under any stock option plan, stock purchase plan, phantom stock plan, stock appreciation rights plan, or other deferred, share or incentive compensation plan to officers, directors, employees or consultants of the Corporation or its affiliates; (ii) the issue by the Corporation of any Common Shares or other securities of the Corporation for valuable consideration to any persons other than as specifically provided for in this Article 4 (including without limitation the issue of Common Shares upon the exercise or conversion of any securities of the Corporation outstanding as at the date hereof that are exercisable or convertible into Common Shares); or (iii) the declaration or payment of any dividends on the Common Shares other than as specifically provided for in this Article 4; (d) if at any time during the Adjustment Period the Corporation shall take any action affecting the Common Shares, other than an action or an event described in this Article 4, which in the opinion of the Board of Directors would have a material adverse effect upon the rights of the Warrantholder under this Warrant Certificate, the Exercise Price and/or the number of Common Shares purchasable under this Warrant Certificate will be adjusted in such manner and at such time as the Board of Directors may determine to be equitable in the circumstances. Failure of...

Rules of Adjustment. The following rules and procedures will be applicable to adjustments made pursuant to the Dilution section above of this Broker Warrant certificate.