Third Amendment Fee Shares Sample Clauses

Third Amendment Fee Shares. In consideration for the accommodations made by the Lenders pursuant to the Third Modification Agreement, the Borrower paid to the Lenders an amount equal to five percent (5%) of the outstanding principal amount of the Facility as at the date of the Third Modification Agreement in Common Shares issued at a deemed price equal to the volume weighted average trading price of the Common Shares on the TSX for the five trading days immediately prior to the date of the Third Modification Agreement, less a ten percent (10%) discount (the “Third Amendment Fee Shares”).