Common use of SURRENDER FOR CANCELLATION Clause in Contracts

SURRENDER FOR CANCELLATION. The Shareholder shall surrender the Shares for cancellation and the Escrow Agent shall deliver the certificates representing the Shares to the Issuer (a) at the time of a major reorganization of the Issuer, if required as a condition of the consent to the reorganization by the Superintendent or the Exchange, (b) where the Issuer's shares have been subject to a cease trade order issued under the Act for a period of 2 consecutive years, (c) any shares not released from the escrow hereby created before the expiration of five years from the date the Exchange accepts this agreement for filing shall be surrendered by the shareholder for cancellation forthwith and the Company and the Escrow Agent hereby agree to take all such actions as may be necessary to expeditiously effect such cancellation, (d) where required by section 6(4).

SURRENDER FOR CANCELLATION. 8.1 The Shareholder shall surrender the Shares for cancellation and the Escrow Agent shall deliver the certificates representing the Shares to the Issuer (a) at the time of a major reorganization of the Issuer, if required as a condition of the consent to the reorganization by the Superintendent Executive Director or the Exchange,; (b) where the Issuer's shares have been subject to a cease trade order issued under the Act for a period of 2 consecutive years,; and (c) any shares not released from the escrow hereby created before the expiration of five years from the date the Exchange accepts this agreement for filing shall be surrendered by the shareholder for cancellation forthwith and the Company and the Escrow Agent hereby agree to take all such actions as may be necessary to expeditiously effect such cancellation, (d) where required by section 6(4).

SURRENDER FOR CANCELLATION. The Shareholder Shareholders shall surrender the Shares for cancellation and the Escrow Agent shall deliver the certificates representing the Shares to the IssuerIssuer if (a) at the time of a major reorganization of the Issuer, if required as a condition of the consent to the reorganization by the Superintendent or the Exchange, (b) where the Issuer's shares have been subject to a cease trade order issued under the Act for a period of 2 two consecutive years, (c) any shares not released from the escrow hereby created before the expiration of five years from the date the Exchange accepts this agreement for filing December 31, 2005 shall be surrendered by the shareholder for cancellation forthwith and the Company and the Escrow Agent hereby agree to take all such actions as may be necessary to expeditiously effect such cancellation, (d) where required by section 6(4).