Common use of Terms of Warrants Clause in Contracts

Terms of Warrants. (1) Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to adjustment in accordance with Article 4, each Warrant shall entitle each Warrantholder thereof, upon exercise at any time after the Issue Date and prior to the Expiry Time, to acquire one Common Share upon payment of the Exercise Price. (2) No fractional Warrants shall be issued or otherwise provided for hereunder and Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any fractional Common Shares shall be rounded down to the nearest whole number and the holder shall not be entitled to any compensation in respect of any fractional Common Share which is not issued. (3) Each Warrant shall entitle the holder thereof to such other rights and privileges as are set forth in this Indenture. (4) The number of Common Shares which may be purchased pursuant to the Warrants and the Exercise Price therefor shall be adjusted upon the events and in the manner specified in Article 4.

Appears in 8 contracts

Samples: Warrant Indenture (CLS Holdings USA, Inc.), Warrant Indenture (CLS Holdings USA, Inc.), Warrant Indenture

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Terms of Warrants. (1a) Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to adjustment in accordance with Article 4Section 4.1, each Warrant shall entitle each Warrantholder holder thereof, upon the exercise thereof at any time after the Issue Date and prior to the Expiry Time, to acquire one Common (1) Subordinate Voting Share upon payment to the Corporation of the Exercise Price. (2b) No fractional Warrants shall be issued or otherwise provided for hereunder and Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Subordinate Voting Shares. Any fractional Common Shares Warrants shall be rounded down to the nearest whole number and the holder shall not be entitled to any compensation in respect of any fractional Common Share which is not issuednumber. (3c) Each Warrant shall entitle the holder thereof to only such other rights and privileges as are set forth in this Indenture. (4d) The number of Common Subordinate Voting Shares which that may be purchased pursuant to the Warrants Warrants, and the Exercise Price therefor therefor, shall be adjusted upon the events and in the manner specified in Article 4Section 4.1.

Appears in 3 contracts

Samples: Warrant Indenture (Trulieve Cannabis Corp.), Warrant Indenture (Harvest Health & Recreation Inc.), Warrant Indenture

Terms of Warrants. (1) Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to adjustment in accordance with Article 4, each Warrant shall entitle each Warrantholder thereof, upon exercise at any time on or after the Issue Date and prior to the Expiry Time, to acquire one Common Share upon payment of the Exercise Price. (2) No fractional Warrants shall be issued or otherwise provided for hereunder and Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any fractional Common Shares Warrants shall be rounded down to the nearest whole number and the holder shall not be entitled to any compensation in respect of any fractional Common Share Warrant which is not issued. (3) Each Warrant shall entitle the holder thereof to such other rights and privileges as are set forth in this Indenture. (4) The number of Common Shares which may be purchased pursuant to the Warrants and the Exercise Price therefor shall be adjusted upon the events and in the manner specified in Article 4.

Appears in 2 contracts

Samples: Warrant Indenture, Warrant Indenture

Terms of Warrants. (1) Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to adjustment in accordance with Article 4, each whole Warrant shall entitle each Warrantholder thereof, upon exercise at any time on or after the Issue Date and prior to the Expiry Time, to acquire one Common Share upon payment of the Exercise Price. (2) . No fractional Warrants shall be issued or otherwise provided for hereunder and Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any fractional Common Shares shall be rounded down to the nearest whole number and the holder shall not be entitled to any compensation in respect of any fractional Common Share which is not issued. (3) . Each Warrant shall entitle the holder thereof to such other rights and privileges as are set forth in this Indenture. (4) . The number of Common Shares which may be purchased pursuant to the Warrants and the Exercise Price therefor shall be adjusted upon the events and in the manner specified in Article 4.

Appears in 1 contract

Samples: Warrant Indenture

Terms of Warrants. (1) Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to adjustment in accordance with Article 4, each whole Warrant shall entitle each Warrantholder thereof, upon exercise at any time on or after the applicable Issue Date and prior to the Expiry Time, to acquire one Common Share upon payment of the Exercise Price. (2) No fractional Warrants shall be issued or otherwise provided for hereunder and Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any fractional Common Shares Warrants shall be rounded down to the nearest whole number and the holder shall not be entitled to any compensation in respect of any fractional Common Share Warrant which is not issued. (3) Each Warrant shall entitle the holder thereof to such other rights and privileges as are set forth in this Indenture. (4) The number of Common Shares which may be purchased pursuant to the Warrants and the Exercise Price therefor shall be adjusted upon the events and in the manner specified in Article 4.

Appears in 1 contract

Samples: Warrant Indenture

Terms of Warrants. (1) Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to adjustment in accordance with Article 4, each Warrant shall entitle each Warrantholder thereof, upon exercise at any time after the Issue Date and prior to the Expiry Time, to acquire one Common Warrant Share upon payment of the Exercise Price. (2) No fractional Warrants shall be issued or otherwise provided for hereunder and Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Warrant Shares. Any fractional Common Warrant Shares shall be rounded down to the nearest whole number and the holder shall not be entitled to any compensation in respect of any fractional Common Warrant Share which is not issued. (3) Each Warrant shall entitle the holder thereof to such other rights and privileges as are set forth in this Indenture. (4) The number of Common Shares which may be purchased pursuant to the Warrants and the Exercise Price therefor shall be adjusted upon the events and in the manner specified in Article 4.

Appears in 1 contract

Samples: Warrant Indenture

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Terms of Warrants. (1) Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to adjustment in accordance with Article 4, each Warrant shall entitle each Warrantholder thereof, upon exercise at any time after the Issue Date and prior to the Expiry Time, to acquire one Common Share upon payment of the Exercise Price.Price.‌‌ (2) No fractional Warrants shall be issued or otherwise provided for hereunder and Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any fractional Common Shares shall be rounded down to the nearest whole number and the holder shall not be entitled to any compensation in respect of any fractional Common Share which is not issued. (3) Each Warrant shall entitle the holder thereof to such other rights and privileges as are set forth in this Indenture. (4) The number of Common Shares which may be purchased pursuant to the Warrants and the Exercise Price therefor shall be adjusted upon the events and in the manner specified in Article 4.4.‌

Appears in 1 contract

Samples: Warrant Indenture

Terms of Warrants. (1) Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to adjustment in accordance with Article 4, each Warrant shall entitle each Warrantholder thereof, upon exercise at any time on or after the Issue Date and prior to the Expiry Time, to acquire one Common Warrant Share upon payment of the Exercise Price. (2) . No fractional Warrants shall be issued or otherwise provided for hereunder and Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Warrant Shares. Any fractional Common Warrant Shares shall be rounded down to the nearest whole number and the holder shall not be entitled to any compensation in respect of any fractional Common Warrant Share which is not issued. (3) . Each Warrant shall entitle the holder thereof to such other rights and privileges as are set forth in this Indenture. (4) . The number of Common Warrant Shares which may be purchased pursuant to the Warrants and the Exercise Price therefor shall be adjusted upon the events and in the manner specified in Article 4.

Appears in 1 contract

Samples: Warrant Indenture

Terms of Warrants. (1) Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to adjustment in accordance with Article 4, each Warrant shall entitle each Warrantholder thereof, upon exercise at any time after the Issue Date and prior to the Expiry Time, to acquire one Common Share upon payment of the Exercise Price. (2) No fractional Warrants shall be issued or otherwise provided for hereunder and Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any fractional Warrants or Common Shares shall be rounded down to the nearest whole number and the holder shall not be entitled to any compensation in respect of any fractional Warrant or Common Share which is not issued. (3) Each Warrant shall entitle the holder thereof to such other rights and privileges as are set forth in this Indenture. (4) The number of Common Shares which may be purchased pursuant to the Warrants and the Exercise Price therefor shall be adjusted upon the events and in the manner specified in Article 4.

Appears in 1 contract

Samples: Warrant Indenture (Flora Growth Corp.)

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