Common use of Share Reorganization Clause in Contracts

Share Reorganization. If, and whenever at any time during the Adjustment Period, the Company will (A) subdivide, redivide or change the outstanding Common Shares into a greater number of shares, (B) reduce, consolidate or combine the outstanding Common Shares into a lesser number of shares, or (C) issue Common Shares (or securities convertible or exchangeable into Common Shares) to all or substantially all of the holders of Common Shares by way of a stock dividend or other distribution, then, in each such event, the Share Rate will, on the record date for such event or, if no record date is fixed, the effective date of such event, be adjusted so that it will equal the rate determined by multiplying the Share Rate in effect immediately prior to such date by a fraction, of which the denominator will be the total number of Common Shares outstanding on such date before giving effect to such event, and of which the numerator will be the total number of Common Shares outstanding on such date after giving effect to such event (including Common Shares into which such convertible or exchangeable securities by way of stock dividend may be issued). Such adjustment will be made successively whenever any such event will occur. Any such issue of Common Shares by way of a stock dividend or other distribution will be deemed to have been made on the record date for such stock dividend or other distribution for the purpose of calculating the number of outstanding Common Shares under Sections 4.7(b)(i) and (ii) hereof.

Appears in 2 contracts

Samples: Special Warrant Indenture (Ivanhoe Energy Inc), Special Warrant Indenture (Ivanhoe Energy Inc)

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Share Reorganization. If, If and whenever at any time during the Adjustment Period, the Company will shall: (A) subdivide, redivide or change the outstanding Common Shares into a greater number of shares, Common Shares; (B) reduceconsolidate, consolidate combine or combine reduce the outstanding Common Shares into a lesser number of shares, or Common Shares; or (C) fix a record date for the issue of, or issue, Common Shares (or securities convertible into or exchangeable into for Common Shares) Shares to all or substantially all of the holders of Common Shares by way of a stock dividend or other distribution, distribution other than a Dividend Paid in the Ordinary Course then, in each such event, the Share Rate willExercise Price shall, on the record date for such event or, if no record date is fixed, the effective date of such event, be adjusted so that it will equal the rate determined by multiplying the Share Rate Exercise Price in effect immediately prior to such date by a fraction, of which the denominator will numerator shall be the total number of Common Shares outstanding on such date before giving effect to such event, and of which the numerator will denominator shall be the total number of Common Shares outstanding on such date after giving effect to such event (including Common Shares into which such convertible or exchangeable securities by way of stock dividend may be issued)event. Such adjustment will shall be made successively whenever any such event will shall occur. Any such issue of Common Shares by way of a stock dividend or other distribution will shall be deemed to have been made on the record date for such stock dividend or other distribution for the purpose of calculating the number of outstanding Common Shares under Sections 4.7(b)(iparagraphs 14(b)(i) and (ii14(b)(ii) hereof.

Appears in 2 contracts

Samples: Commitment Letter (Premium Nickel Resources Ltd.), Commitment Letter (Premium Nickel Resources Ltd.)

Share Reorganization. If, and whenever at any time during the Adjustment Period, the Company will Corporation shall (A) subdivide, redivide or change the outstanding Common Shares into a greater number of shares, (B) reduce, consolidate or combine the outstanding Common Shares into a lesser number of shares, or (C) issue Common Shares (or securities convertible or exchangeable into Common Shares) to all or substantially all of the holders of Common Shares by way of a stock dividend or other distribution, then, in each such event, the Share Rate will, on the record date for such event or, if no record date is fixed, the effective date of such event, be adjusted so that it will equal the rate determined by multiplying the Share Rate in effect immediately prior to such date by a fraction, of which the denominator will shall be the total number of Common Shares outstanding on such date before giving effect to such event, and of which the numerator will shall be the total number of Common Shares outstanding on such date after giving effect to such event (including Common Shares into which such convertible or exchangeable securities by way of stock dividend may be issued). Such adjustment will be made successively whenever any such event will shall occur. Any such issue of Common Shares by way of a stock dividend or other distribution will shall be deemed to have been made on the record date for such stock dividend or other distribution for the purpose of calculating the number of outstanding Common Shares under Sections 4.7(b)(i) and (ii) hereofthis section 4.7.

Appears in 1 contract

Samples: Special Warrant Indenture (Nord Resources Corp)

Share Reorganization. If, If and whenever at any time during the Adjustment Period, the Company will shall (A) subdivide, redivide or change the outstanding Common Shares into a greater number of sharesCommon Shares, (B) reduceconsolidate, consolidate combine or combine reduce the outstanding Common Shares into a lesser number of sharesCommon Shares, or (C) fix a record date for the issue of Common Shares (or securities convertible into or exchangeable into for Common Shares) Shares to all or substantially all of the holders of Common Shares by way of a stock dividend or other distributiondistribution other than a Dividend Paid in the Ordinary Course, then, in each such event, the Share Rate willExercise Price shall, on the record date for such event or, if no record date is fixed, the effective date of such event, be adjusted so that it will equal the rate determined by multiplying the Share Rate Exercise Price in effect immediately prior to such date by a fraction, of which the denominator will numerator shall be the total number of Common Shares outstanding on such date before giving effect to such event, and of which the numerator will denominator shall be the total number of Common Shares outstanding on such date after giving effect to such event (including Common Shares into which such convertible or exchangeable securities by way of stock dividend may be issued)event. Such adjustment will shall be made successively whenever any such event will shall occur. Any such issue of Common Shares by way of a stock dividend or other distribution will shall be deemed to have been made on the record date for such stock dividend or other distribution for the purpose of calculating the number of outstanding Common Shares under Sections 4.7(b)(iparagraphs 11(b)(i) and (ii) hereof.

Appears in 1 contract

Samples: Founder Warrant Agreement (Flora Growth Corp.)

Share Reorganization. If, If and whenever at any time during the Adjustment Period, the Company will shall (A) subdivide, redivide or change the outstanding Common Shares into a greater number of sharesCommon Shares, (B) reduceconsolidate, consolidate combine or combine reduce the outstanding Common Shares into a lesser number of sharesCommon Shares, or (C) fix a record date for the issue of Common Shares (or securities convertible into or exchangeable into for Common Shares) Shares to all or substantially all of the holders of Common Shares by way of a stock dividend or other distributiondistribution other than a Dividend Paid in the Ordinary Course, then, in each such event, the Share Rate willExercise Price shall, on the record date for such event or, if no record date is fixed, the effective date of such event, be adjusted so that it will equal the rate determined by multiplying the Share Rate Exercise Price in effect immediately prior to such date by a fraction, of which the denominator will numerator shall be the total number of Common Shares outstanding on such date before giving effect to such event, and of which the numerator will denominator shall be the total number of Common Shares outstanding on such date after giving effect to such event (including Common Shares into which such convertible or exchangeable securities by way of stock dividend may be issued)event. Such adjustment will shall be made successively whenever any such event will shall occur. Any such issue of Common Shares by way of a stock dividend or other distribution will shall be deemed to have been made on the record date for such stock dividend or other distribution for the purpose of calculating the number of outstanding Common Shares under Sections 4.7(b)(iparagraphs 11(b)(i) and (ii11(b)(ii) hereof.

Appears in 1 contract

Samples: Warrant Agreement (iANTHUS CAPITAL HOLDINGS, INC.)

Share Reorganization. If, If and whenever at any time during the Adjustment Period, the Company will Corporation shall (A) subdivide, redivide or change the outstanding Common Shares into a greater number of sharesCommon Shares, (B) reduceconsolidate, consolidate combine or combine reduce the outstanding Common Shares into a lesser number of sharesCommon Shares, or (C) fix a record date for the issue of Common Shares (or securities convertible into or exchangeable into for Common Shares) Shares to all or substantially all of the holders of Common Shares by way of a stock dividend or other distributiondistribution other than a stock dividend in lieu or a cash Dividend Paid in the Ordinary Course, then, in each such event, the Share Rate willExercise Price shall, on the record date for such event or, if no record date is fixed, the effective date of such event, be adjusted so that it will equal the rate determined by multiplying the Share Rate Exercise Price in effect immediately prior to such date by a fraction, of which the denominator will numerator shall be the total number of Common Shares outstanding on such date before giving effect to such event, and of which the numerator will denominator shall be the total number of Common Shares outstanding on such date after giving effect to such event (including Common Shares into which such convertible or exchangeable securities by way of stock dividend may be issued)event. Such adjustment will shall be made successively whenever any such event will shall occur. Any such issue of Common Shares by way of a stock dividend or other distribution will shall be deemed to have been made on the record date for such stock dividend or other distribution for the purpose of calculating the number of outstanding Common Shares under Sections 4.7(b)(i12(b)(ii) and (ii) hereofiii).

Appears in 1 contract

Samples: Note Purchase Agreement (Uranerz Energy Corp.)

Share Reorganization. If, If and whenever at any time during the Adjustment Period, the Company will Corporation shall (A) subdivide, redivide or change the outstanding Common Shares into a greater number of sharesCommon Shares, (B) reduceconsolidate, consolidate combine or combine reduce the outstanding Common Shares into a lesser number of sharesCommon Shares, or (C) fix a record date for the issue of Common Shares (or securities convertible into or exchangeable into for Common Shares) Shares to all or substantially all of the holders of Common Shares by way of a stock dividend or other distributiondistribution other than a Dividend Paid in the Ordinary Course, then, in each such event, the Share Rate willExercise Price shall, on the record date for such event or, if no record date is fixed, the effective date of such event, be adjusted so that it will equal the rate determined by multiplying the Share Rate Exercise Price in effect immediately prior to such date by a fraction, of which the denominator will numerator shall be the total number of Common Shares outstanding on such date before giving effect to such event, and of which the numerator will denominator shall be the total number of Common Shares outstanding on such date after giving effect to such event (including Common Shares into which such convertible or exchangeable securities by way of stock dividend may be issued)event. Such adjustment will shall be made successively whenever any such event will shall occur. Any such issue of Common Shares by way of a stock dividend or other distribution will shall be deemed to have been made on the record date for such stock dividend or other distribution for the purpose of calculating the number of outstanding Common Shares under Sections 4.7(b)(iparagraphs 12(b)(i) and (ii) hereof.

Appears in 1 contract

Samples: Royalty Purchase and Sale Agreement (Sandstorm Gold LTD)

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Share Reorganization. If, If and whenever at any time during the Adjustment Period, the Company will shall: (A) subdivide, redivide or change the outstanding Common Shares into a greater number of sharesCommon Shares, (B) reduceconsolidate, consolidate combine or combine reduce the outstanding Common Shares into a lesser number of sharesCommon Shares, or (C) fix a record date for the issue of Common Shares (or securities convertible into or exchangeable into for Common Shares) Shares to all or substantially all of the holders of Common Shares by way of a stock dividend or other distribution, then, in each such event, the Share Rate willExercise Price shall, on the record date for such event orevent, if no record date is fixedin respect of an event in subclause (C), or, the effective date of such event, if in respect of an event in subclause (A) or (B) be adjusted so that it will equal the rate determined by multiplying the Share Rate Exercise Price in effect immediately prior to such date by a fraction, of which the denominator will numerator shall be the total number of Common Shares outstanding on such date before giving effect to such event, and of which the numerator will denominator shall be the total number of Common Shares outstanding on such date after giving effect to such event (including Common Shares into which such convertible or exchangeable securities by way of stock dividend may be issued)event. Such adjustment will shall be made successively whenever any such event will shall occur. Any such issue of Common Shares by way of a stock dividend or other distribution will shall be deemed to have been made on the record date for such stock dividend or other distribution for the purpose of calculating the number of outstanding Common Shares under Sections 4.7(b)(iparagraphs 11(b)(i) and (ii) hereof.

Appears in 1 contract

Samples: Issuance Agreement

Share Reorganization. If, If and whenever at any time during the Adjustment Period, the Company will shall (A) subdivide, redivide or change the outstanding Common Shares into a greater number of sharesCommon Shares, (B) reduceconsolidate, consolidate combine or combine reduce the outstanding Common Shares into a lesser number of sharesCommon Shares, or (C) fix a record date for the issue of Common Shares (or securities convertible into or exchangeable into for Common Shares) Shares to all or substantially all of the holders of Common Shares by way of a stock dividend or other distribution, then, in each such event, the Share Rate willExercise Price shall, on the record date for such event or, if no record date is fixed, the effective date of such event, be adjusted so that it will equal the rate determined by multiplying the Share Rate Exercise Price in effect immediately prior to such date by a fraction, of which the denominator will numerator shall be the total number of Common Shares outstanding on such date before giving effect to such event, and of which the numerator will denominator shall be the total number of Common Shares outstanding on such date after giving effect to such event (including Common Shares into which such convertible or exchangeable securities by way of stock dividend may be issued)event. Such adjustment will shall be made successively whenever any such event will shall occur. Any such issue of Common Shares by way of a stock dividend or other distribution will shall be deemed to have been made on the record date for such stock dividend or other distribution for the purpose of calculating the number of outstanding Common Shares under Sections 4.7(b)(iparagraphs 11(b)(i) and (ii) hereof.

Appears in 1 contract

Samples: Subscription Agreement

Share Reorganization. If, If and whenever at any time during the Adjustment Period, the Company will shall (A) subdivide, redivide or change the outstanding Common Shares into a greater number of sharesCommon Shares, (B) reduceconsolidate, consolidate combine or combine reduce the outstanding Common Shares into a lesser number of sharesCommon Shares, or (C) fix a record date for the issue of Common Shares (or securities convertible into or exchangeable into for Common Shares) Shares to all or substantially all of the holders of Common Shares by way of a stock dividend or other distribution, then, in each such event, the Share Rate willExercise Price shall, on the record date for such event orevent, if no record date is fixedin respect of an event in subclause (C), or, the effective date of such event, if in respect of an event in subclause (A) or (B) be adjusted so that it will equal the rate determined by multiplying the Share Rate Exercise Price in effect immediately prior to such date by a fraction, of which the denominator will numerator shall be the total number of Common Shares outstanding on such date before giving effect to such event, and of which the numerator will denominator shall be the total number of Common Shares outstanding on such date after giving effect to such event (including Common Shares into which such convertible or exchangeable securities by way of stock dividend may be issued)event. Such adjustment will shall be made successively whenever any such event will shall occur. Any such issue of Common Shares by way of a stock dividend or other distribution will shall be deemed to have been made on the record date for such stock dividend or other distribution for the purpose of calculating the number of outstanding Common Shares under Sections 4.7(b)(iparagraphs 11(b)(i) and (ii) hereof.

Appears in 1 contract

Samples: Subscription Agreement

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