Common use of Terms of Warrants Clause in Contracts

Terms of Warrants. (a) Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to adjustment in accordance with Section 4.1, each Warrant shall entitle each holder thereof, upon the exercise thereof at any time after the Issue Date and prior to the Expiry Time, to acquire one (1) Common Share upon payment to the Corporation of the Exercise Price. (b) 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 shall be rounded down to the nearest whole number. (c) Each Warrant shall entitle the holder thereof to only such other rights and privileges as are set forth in this Indenture. (d) The number of Common Shares that may be purchased pursuant to the Warrants, and the Exercise Price therefor, shall be adjusted upon the events and in the manner specified in Section 4.1.

Appears in 13 contracts

Samples: Warrant Indenture (Columbia Care Inc.), Warrant Indenture (Columbia Care Inc.), Warrant Indenture (Columbia Care Inc.)

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Terms of Warrants. (a) Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to adjustment in accordance with Section 4.1, each Warrant shall entitle each holder thereof, upon the exercise thereof at any time after the Issue Date and prior to the Expiry Time, to acquire one (1) Common Share upon payment to the Corporation of the Exercise Price. (b) 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 shall be rounded down to the nearest whole number. (c) Each Warrant shall entitle the holder thereof to only such other rights and privileges as are set forth in this Indenture. (d) The number of Common Shares that may be purchased pursuant to the Warrants, and the Exercise Price therefor, therefor shall be adjusted upon the events and in the manner specified in Section 4.1.

Appears in 2 contracts

Samples: Warrant Indenture (Bunker Hill Mining Corp.), Warrant Indenture (Bunker Hill Mining Corp.)

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Terms of Warrants. (a) Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to adjustment in accordance with Section 4.1, each Warrant shall entitle each holder thereofWarrantholder, upon the exercise thereof at any time after the Issue Date and prior to the Expiry Time, to acquire one (1) Common Share upon payment to the Corporation of the Exercise Price. (b) 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 Common Shares shall be rounded down to the nearest whole number. (c) Each Warrant shall entitle the holder thereof to only such other rights and privileges as are set forth in this Indenture. (d) The number of Common Shares that may be purchased pursuant to the Warrants, and the Exercise Price therefor, therefor shall be adjusted upon the events and in the manner specified in Section 4.1.

Appears in 1 contract

Samples: Warrant Indenture

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