Common use of Securities Qualification Requirements Clause in Contracts

Securities Qualification Requirements. (a) If, in the opinion of counsel, any instrument (not including a prospectus) is required to be filed with, or any permission is required to be obtained from any governmental authority in Canada or any other step is required under any federal or provincial law of Canada before any Securities which a Special Warrantholder is entitled to acquire pursuant to the exercise of any Special Warrant may properly and legally be issued upon due exercise thereof and thereafter traded, without further formality or restriction, the Company covenants that it will take such required action. (b) The Company or, if required by the Company, the Trustee will give notice of the issue of Securities pursuant to the exercise of Special Warrants, in such detail as may be required, to each securities commission or similar regulatory authority in each jurisdiction in Canada in which there is legislation or regulation permitting or requiring the giving of any such notice in order that such issue of Common Shares and the subsequent disposition of Securities so issued will not be subject to the prospectus qualification requirements of such legislation or regulation.

Appears in 2 contracts

Samples: Special Warrant Agreement (Urbana Ca Inc), Special Warrant Agreement (Urbana Ca Inc)

AutoNDA by SimpleDocs

Securities Qualification Requirements. (a) If, in the opinion of counselCounsel to the Company, any instrument (not including a prospectus) is required to be filed with, or any permission is required to be obtained from from, any governmental authority in Canada or any other step is required under any federal law of Canada or provincial law of Canada before any Securities Units which a Special Warrantholder is entitled to acquire pursuant to the exercise of any Special Warrant may properly and legally be issued upon due exercise thereof and thereafter traded, traded without further formality or restriction, the Company covenants that it will use its commercially reasonable efforts to take such required action. (b) The Company or, if required by the Company, the Trustee will give notice of the issue of Securities Units pursuant to the exercise of Special WarrantsWarrants if required by applicable Securities Laws, and in such detail as may be required, to each securities commission Securities Regulators or similar regulatory authority in each jurisdiction in Canada in which there is legislation or regulation permitting or requiring the giving of any such notice in order that such issue of Common Shares Units and the subsequent disposition of Securities the Units, so issued will not be subject to the prospectus qualification requirements of such legislation or regulation.

Appears in 2 contracts

Samples: Special Warrant Indenture, Special Warrant Indenture

Securities Qualification Requirements. (a) If, in the opinion of counselCounsel, any instrument (not including a prospectus) is required to be filed with, or any permission is required to be obtained from from, any governmental authority in Canada or any other step is required under any federal or provincial law of Canada before any Securities Common Shares which a Special Warrantholder is entitled to acquire pursuant to the exercise of any Special Warrant may properly and legally be issued upon due exercise thereof and thereafter traded, without further formality or restriction, the Company Corporation covenants that it will take such required action, provided that the Corporation shall not be required to file any prospectus or registration statement in connection therewith. (b) The Company Corporation or, if required by the CompanyCorporation, the Trustee Warrant Agent, will give notice of the issue of Securities Common Shares pursuant to the exercise of Special Warrants, in such detail as may be required, to each securities commission or similar regulatory authority in each jurisdiction in Canada Securities Commission in which there is legislation or regulation permitting or requiring the giving of any such notice in order that such issue of Common Shares and the subsequent disposition of Securities so issued will not be subject to the prospectus qualification requirements of such legislation or regulation.

Appears in 1 contract

Samples: Warrant Indenture (NiMin Energy Corp.)

Securities Qualification Requirements. (a) If, in the opinion of counsel, any instrument (not including a prospectus) is required to be filed with, or any permission is required to be obtained from any governmental authority in Canada or any other step is required under any federal or provincial law of Canada before any Securities Warrant Shares which a Special Warrantholder is entitled to acquire pursuant to the exercise of any Special Unit Warrant may properly and legally be issued upon due exercise thereof and thereafter traded, without further formality or restriction, the Company covenants that it will take such required action. (b) The Company or, if required by the Company, the Trustee will give notice of the issue of Securities Warrant Shares pursuant to the exercise of Special Unit Warrants, in such detail as may be required, to each securities commission or similar regulatory authority in each jurisdiction in Canada in which there is legislation or regulation permitting or requiring the giving of any such notice in order that such issue of Common Shares and the subsequent disposition of Securities Warrant Shares so issued will not be subject to the prospectus qualification requirements of such legislation or regulation.

Appears in 1 contract

Samples: Share Purchase Warrant Agreement (Urbana Ca Inc)

Securities Qualification Requirements. (a) a. If, in the opinion of counselCounsel, any instrument (not including a prospectus) is required to be filed with, or any permission is required to be obtained from from, any governmental authority in Canada or any other step is required under any federal or provincial law of Canada before any Securities Common Shares which a Special Warrantholder is entitled to acquire pursuant to the exercise of any Special Purchase Warrant may properly and legally be issued upon due exercise thereof and thereafter traded, without further formality or restriction, the Company Corporation covenants that it will take such required action, provided that the Corporation shall not be required to file any prospectus or registration statement in connection therewith. (b) b. The Company Corporation or, if required by the CompanyCorporation, the Trustee Trustee, will give notice of the issue of Securities Common Shares pursuant to the exercise of Special Purchase Warrants, in such detail as may be required, to each securities commission or similar regulatory authority in each jurisdiction in Canada of the Filing Jurisdictions in which there is legislation or regulation permitting or requiring the giving of any such notice in order that such issue of Common Shares and the subsequent disposition of Securities the Common Shares so issued will not be subject to the prospectus qualification requirements of such legislation or regulation.

Appears in 1 contract

Samples: Purchase Warrant Indenture (Minera Andes Inc /Wa)

AutoNDA by SimpleDocs

Securities Qualification Requirements. (a) If, in the opinion of counselCounsel to the Company, any instrument (not including a prospectus) is required to be filed with, or any permission is required to be obtained from from, any governmental authority in Canada or any other step is required under any federal law of Canada or provincial law of Canada before any Securities Units which a Special Warrantholder is entitled to acquire pursuant to the exercise of any Special Warrant may properly and legally be issued upon due exercise thereof and thereafter traded, traded without further formality or restriction, the Company covenants that it will use its commercial best efforts to take such required action. (b) The Company or, if required by the Company, the Trustee will give notice of the issue of Securities Units pursuant to the exercise of Special WarrantsWarrants if required by applicable Securities Laws, and in such detail as may be required, to each securities commission or similar regulatory authority in each jurisdiction in Canada in which there is legislation or regulation permitting or requiring the giving of any such notice in order that such issue of Common Shares Units and the subsequent disposition of Securities the Units, so issued will not be subject to the prospectus qualification requirements of such legislation or regulation.

Appears in 1 contract

Samples: Special Warrant Indenture

Securities Qualification Requirements. (a) If, in the opinion of counsel, any instrument (not including a prospectus) prospectus or registration statement is required to be filed with, with or any permission is required to be obtained from any governmental authority in Canada or any other step is required under any federal or provincial law of Canada before any Securities Common Shares which a Special Warrantholder is entitled to acquire purchase pursuant to the exercise of any Special his Warrant may properly and legally be issued upon due exercise thereof and thereafter traded, without further formality or restrictionthereof, the Company Corporation covenants that it will take such required actionaction so required. (b) The Company or, if required by the Company, the Trustee Corporation will give notice of the issue of Securities Common Shares pursuant to the exercise of Special Warrants, if required, and in such detail as may be required, to each securities commission or similar regulatory authority in each jurisdiction in Canada in which there is legislation or regulation permitting or requiring the giving of any such notice in order that such issue of Common Shares and the subsequent disposition of Securities the Common Shares so issued will not be subject to the prospectus qualification requirements of such legislation or regulation.

Appears in 1 contract

Samples: Warrant Indenture (Champion Communication Services Inc)

Securities Qualification Requirements. (a) If, in the opinion of counselCounsel, any instrument (not including a prospectus) is required to be filed with, or any permission is required to be obtained from any governmental authority in Canada or any other step is required under any federal or provincial law of Canada before any Securities Shares which a Special Warrantholder is entitled to acquire purchase pursuant to the exercise of any Special Warrant may properly and legally be issued upon due exercise thereof and thereafter traded, without further formality or restriction, the Company Corporation covenants that it will take such required action, provided that the Corporation shall not be required to file any prospectus or registration statement in connection therewith. (b) The Company Corporation or, if required by the CompanyCorporation, the Trustee will give written notice of the issue of Securities Shares pursuant to the exercise of Special Warrants, in such detail as may be required, to each securities commission or similar regulatory authority in each jurisdiction in Canada in which there is legislation or regulation permitting or requiring the giving of any such notice in order that such issue of Common Shares and the subsequent disposition of Securities the Shares so issued will not be subject to the prospectus qualification requirements of such legislation or regulation.

Appears in 1 contract

Samples: Warrant Indenture (Westlink Resources LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!