Common use of Suits by Receiptholders Clause in Contracts

Suits by Receiptholders. Subject to Section 7.10 hereof, all or any of the rights conferred upon any Receiptholder by any of the terms of the Subscription Receipt Certificates or of this Agreement, or of both, may be enforced by the Receiptholder by appropriate proceedings but without prejudice to the right which is hereby conferred upon the Subscription Receipt Agent to proceed in its own name to enforce each and all of the provisions contained herein for the benefit of the Receiptholders.

Appears in 4 contracts

Samples: Subscription Receipt Agreement (Obsidian Energy Ltd.), Subscription Receipt Agreement (Bellatrix Exploration Ltd.), Subscription Receipt Agreement

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Suits by Receiptholders. Subject to Section 7.10 7.11 hereof, all or any of the rights conferred upon any Receiptholder by any of the terms of the Subscription Receipt Certificates or of this Agreement, or of both, may be enforced by the Receiptholder by appropriate proceedings but without prejudice to the right which is hereby conferred upon the Subscription Receipt Agent to proceed in its own name to enforce each and all of the provisions herein contained herein for the benefit of the Receiptholders.

Appears in 2 contracts

Samples: Subscription Receipt Agreement (Scythian Biosciences Corp.), Subscription Receipt Agreement (Americas Silver Corp)

Suits by Receiptholders. Subject to Section 7.10 8.10 hereof, all or any of the rights conferred upon any Receiptholder by any of the terms of the Subscription Receipt Certificates or of this Agreement, or of both, may be enforced by the Receiptholder by appropriate proceedings but without prejudice to the right which is hereby conferred upon the Subscription Receipt Agent to proceed in its own name to enforce each and all of the provisions contained herein for the benefit of the Receiptholders.

Appears in 1 contract

Samples: Subscription Receipt Agreement

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Suits by Receiptholders. Subject to Section 7.10 hereof8.11, a Receiptholder may enforce all or any of the rights conferred upon any the Receiptholder by any of the terms of the Subscription Receipt Certificates or of this Agreement, or of both, may be enforced by the Receiptholder by appropriate proceedings but without prejudice to the right which is hereby conferred upon the Subscription Receipt Agent Trustee to proceed in its own name to enforce each and all of the provisions herein contained herein for the benefit of the Receiptholders.

Appears in 1 contract

Samples: Subscription Receipt Agreement (Australian Canadian Oil Royalties LTD)

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