Terms and Issue of Subscription Receipts. (a) Each Subscription Receipt shall evidence the right of each holder to receive, without payment of additional consideration or further action on part of the holder:
Terms and Issue of Subscription Receipts. (a) 23,791,824 Subscription Receipts are hereby created and authorized to be issued.
Terms and Issue of Subscription Receipts. (a) Each Subscription Receipt shall evidence the right of the holder: (i) if the Acquisition Time occurs prior to the Deadline, to receive, for no additional consideration and without further action, one fully paid and non-assessable Common Share, plus such applicable payments made pursuant to Section 3.2; or (ii) if a Termination Event occurs, to receive an amount equal to the Subscription Price in respect of each Subscription Receipt held and such holder’s pro rata share of the Earned Interest, less applicable withholding taxes, all in the manner and on the terms and conditions set out in this Agreement.
Terms and Issue of Subscription Receipts. (a) Each Subscription Receipt shall evidence: (i) if the Escrow Release Event occurs, the right of the holder, to receive on the Conversion Date, automatically without additional consideration or further action by such holder, and treated as a subscription by the holder thereof of one (1) FT Common Share; and (ii) if the Escrow Release Conditions are not satisfied by the Escrow Release Deadline, the right to receive FT Common Shares represented by such Subscription Receipts shall be automatically terminated and cancelled and each holder of Subscription Receipts shall be entitled to receive from the Escrow Agent an amount equal to the sum of the Issue Price in respect of each Subscription Receipt held, together with such holder's pro rata share of Earned Interest. For greater certainty, the Subscription Receipts shall not be exercisable prior to the Conversion Date.
Terms and Issue of Subscription Receipts. (a) Each Subscription Receipt shall evidence the right of the holder: (i) if the Acquisition Time occurs by the Deadline, to receive, for no additional consideration, one Trust Unit plus such holder's Acquisition Payment, if any, less applicable withholding taxes; or (ii) if the Acquisition Time does not occur by the Deadline, the Acquisition is terminated at any earlier time or the Trust has advised the Underwriters or announced to the public that it does not intend to proceed with the Acquisition, to receive an amount equal to the sum of the Subscription Price and such holder's PRO RATA share of the Earned Interest, less applicable withholding taxes, all in the manner and on the terms and conditions set out in this Agreement.
Terms and Issue of Subscription Receipts. (a) A maximum of 29,900,000 Subscription Receipts (including, for greater certainty, 3,900,000 Over-Allotment Subscription Receipts) are hereby created and authorized to be issued.
Terms and Issue of Subscription Receipts. (a) Each Subscription Receipt shall evidence the right of the holder: (i) if the Acquisition Time occurs by the Deadline, to receive, for no additional consideration, one Unit plus such holder’s Acquisition Payment less applicable withholding taxes; or (ii) if the Acquisition Time does not occur by the Deadline, the EnCana Acquisition is terminated at any earlier time or the Trust has advised the Underwriters or announced to the public that it does not intend to proceed with the EnCana Acquisition, to receive an amount equal to the sum of the Subscription Price and such holder’s pro rata share of the Earned Interest, less applicable withholding taxes, all in the manner and on the terms and conditions set out in this Agreement.
Terms and Issue of Subscription Receipts. (a) 15,200,000 Subscription Receipts are hereby created and authorized to be issued.
Terms and Issue of Subscription Receipts and Payments 9
Terms and Issue of Subscription Receipts. (a) Each Subscription Receipt shall evidence the right of each holder, without payment of additional consideration or further action on the part of such holder: (i) if the Acquisition Time occurs on or before 5:00 p.m. (Calgary time) on June 30, 2014 or a Repayment Default Notice has been delivered to the Subscription Receipt Agent, to receive one Common Share for each Subscription Receipt held together with such holder’s Dividend Equivalent Amount less applicable withholding taxes; or (ii) if the Termination Time occurs and a Repayment Default Notice has not been delivered to the Subscription Receipt Agent, then holders of Subscription Receipts shall be entitled to receive an amount per Subscription Receipt equal to the Subscription Price of the Subscription Receipts and their pro rata entitlement of Earned Interest thereon, less applicable withholding taxes.
