Common use of Trading Instructions Clause in Contracts

Trading Instructions. Pursuant to the terms and subject to the conditions contained in the Equity Distribution Agreement, the undersigned hereby requests, as a duly appointed Authorized Representative of the Issuer, that the Agent sell Placement Shares, as agent of the Issuer, in accordance with the following trading instructions (if any of the following trading instructions are not applicable, specify “N/A”): Maximum number of Placement Shares to be sold (A) Total number of Common Shares outstanding on the date of this Placement Notice (B) Maximum number of Placement Shares to be sold expressed as a percentage of the total number of Common Shares outstanding on the date of this Placement Notice (A ÷ B × 100) Minimum market price per Placement Share to be sold Maximum number of Placement Shares that may be sold on any one Trading Day First permitted Trading Day of trading Last permitted Trading Day of trading Specific dates on which Placement Shares may not be sold: Other trading instructions: Other Terms Applicable to this Placement Notice Upon receiving this Placement Notice, an Authorized Representative of the Agent will acknowledge receipt hereof by notifying the Designated Representatives of the Issuer via electronic mail. For all purposes hereof, the Agent will be deemed not to have received this Placement Notice unless receipt hereof shall have been so acknowledged by an Authorized Representative of the Agent. This Placement Notice is effective upon receipt by the Agent until the earlier of: (i) the Agent advising the Issuer, by electronic mail addressed and sent to the Designated Representatives of the Issuer, that it declines to accept the terms of sale set forth in this Placement Notice; (ii) the entire amount of the Placement Shares specified herein having been sold and all such sales having settled in accordance with the terms and conditions of the Equity Distribution Agreement;

Appears in 3 contracts

Samples: Equity Distribution Agreement, Equity Distribution Agreement, Equity Distribution Agreement

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Trading Instructions. Pursuant to the terms and subject to the conditions contained in the Equity Distribution Agreement, the undersigned hereby requests, as a duly appointed Authorized Representative of the Issuer, that the Agent sell Placement Shares, as agent of the Issuer, in accordance with the following trading instructions (if any of the following trading instructions are not applicable, specify "N/A"): Maximum number of Placement Shares to be sold (A) Total number of Common Subordinate Voting Shares outstanding on the date of this Placement Notice (B) Maximum number of Placement Shares to be sold expressed as a percentage of the total number of Common Subordinate Voting Shares outstanding on the date of % this Placement Notice (A ÷ B × x 100) Minimum market price per Placement Share to be sold $ Limitation on the daily volume of Placement Shares that may be sold expressed as a percentage of the total number of Subordinate Voting Shares traded daily including the total number of Placement Shares traded and the total number of Subordinate Voting Shares traded by third parties (daily volume of Placement Shares sold must not exceed 25% of total daily volume of Subordinate Voting Shares on the CSE and any other Marketplace unless otherwise permitted by additional % exemptive relief) Maximum number of Placement Shares that may be sold on any one Trading Day (subject to limitation on daily volume above) First permitted Trading Day of trading Last permitted Trading Day of trading Specific dates on which Placement Shares may not be sold: Other trading instructions: Other Terms Applicable Calculation of 10% Market Value Limit (to this be completed only on first Placement Notice Upon receiving this Placement Notice, an Authorized Representative accepted by the Agent) The 10% Market Value Limit (as defined below) referred to in Part 9 of National Instrument 44-102 – Shelf Distributions is calculated as follows: Last Trading Day of the Agent will acknowledge receipt hereof by notifying month immediately preceding the Designated Representatives date of the Issuer via electronic mail. For all purposes hereof, the Agent will be deemed not to have received this first Placement Notice unless receipt hereof shall have been so acknowledged by an Authorized Representative of the Agent. This Placement Notice is effective upon receipt by the Agent until the earlier of: (i) the Agent advising the Issuer, by electronic mail addressed and sent to the Designated Representatives of the Issuer, that it declines to accept the terms of sale set forth in this Placement Notice; (ii) the entire amount of the Placement Shares specified herein having been sold and all such sales having settled in accordance with the terms and conditions of issued under the Equity Distribution Agreement;Agreement (the "Calculation Date") Closing price per Subordinate Voting Share on the CSE on the Calculation Date (A) Total number of Subordinate Voting Shares outstanding on the Calculation Date Total number of Excluded Securities (as defined below) Total number of Subordinate Voting Shares outstanding on the Calculation Date less the total number of Excluded Securities (B) Aggregate market value of Subordinate Voting Shares outstanding on the Calculation Date (A x B = C) Maximum aggregate market value of Subordinate Voting Shares that can be sold under the Equity Distribution Agreement (0.10 x C) (the "10% Market Value Limit")

Appears in 1 contract

Samples: Distribution Plan Canadian Equity Distribution Agreement

Trading Instructions. Pursuant to the terms and subject to the conditions contained in the Equity Distribution Agreement, the undersigned hereby requests, as a duly appointed Authorized Representative of the IssuerCorporation, that the Agent sell Placement Shares, as agent of the IssuerCorporation, in accordance with the following trading instructions (if any of the following trading instructions are not applicable, specify "N/A"): Maximum number or dollar amount of Placement Shares to be sold (A) Total number of Common Shares outstanding on the date of this Placement Notice (B) Maximum number of Placement Shares to be sold expressed as a percentage of the total number of Common Shares outstanding on the date of this Placement Notice (A ÷ B × 100) Minimum market price per Placement Share to be sold Maximum number of Placement Shares that may be sold on any one Trading Day $ First permitted Trading Day of trading Last permitted Trading Day of trading Specific dates on which Placement Shares may not be sold: Other trading instructions: Other Terms Applicable to this Placement Notice Upon receiving this Placement Notice, an Authorized Representative of the Agent will acknowledge receipt hereof by notifying signing this Placement Notice and returning a copy hereof to the Corporation by electronic mail addressed and sent to the Designated Representatives of the Issuer via electronic mailCorporation or notify the Corporation that the Agent declines to accept the Placement Notice. For all purposes hereof, the Agent will be deemed not to have received this Placement Notice unless receipt hereof shall have been so acknowledged by an Authorized Representative of the Agent. This Placement Notice is effective upon receipt by the Agent unless and until the earlier ofearliest of the following occurs: (i) the Agent advising advises the IssuerCorporation, by electronic mail addressed and sent to the Designated Representatives of the IssuerCorporation, that it declines to accept the terms of sale set forth in this Placement Notice; (ii) the entire amount of the Placement Shares specified herein having has been sold and all such sales having have settled in accordance with the terms and conditions of the Equity Distribution Agreement;; (iii) the Corporation or the Agent suspends the sale (or further sale, as applicable) of the Placement Shares in accordance with Section 6 of the Equity Distribution Agreement; (iv) the Agent receives from the Corporation a subsequent Placement Notice with parameters that expressly supersede those contained in this Placement Notice; or (v) the Equity Distribution Agreement has been terminated pursuant to Section 13 thereof. This Placement Notice shall not contain any parameters that conflict with the provisions of the Equity Distribution Agreement or that subject or purport to impose upon or subject the Agent to any obligations in addition to the Agent's obligations contained in the Equity Distribution Agreement. In the event of a conflict between the terms of the Equity Distribution Agreement and the terms of this Placement Notice with respect to an issuance and sale of Placement Shares, the terms of the Equity Distribution Agreement shall prevail. The Corporation covenants and agrees that the delivery of this Placement Notice by or on behalf of the Corporation to the Agent shall be deemed to be an affirmation that: (i) the representations and warranties made by the Corporation in the Equity Distribution Agreement and in any certificates provided pursuant thereto are true and correct as at the time this Placement Notice is issued, except only to the extent that any such representation and warranty is, by its express terms, limited to a specific date, or as expressly disclosed in Exhibit A to this Placement Notice; and (ii) the Corporation has complied with all covenants and agreements to be performed, and satisfied all conditions to be satisfied, by or on the part of the Corporation under the Equity Distribution Agreement at or prior to the time this Placement Notice is issued. MCAN MORTGAGE CORPORATION Per: Signature of Authorized Representative Name of Authorized Representative (Please Print) Title of Authorized Representative (Please Print) E-mail Address of Authorized Representative (Please Print) Direct Office Telephone Number (and extension, if applicable) Telephone Number (Cell) [Signatures continued on next page] Acknowledged this _ _ day of , 20 _ by Canaccord Genuity Corp. Per: Signature of Authorized Representative Name of Authorized Representative (Please Print) Title of Authorized Representative (Please Print) E-mail Address of Authorized Representative (Please Print) Direct Office Telephone Number (and extension, if applicable) Telephone Number (Cell)

Appears in 1 contract

Samples: Distribution Plan Equity Distribution Agreement

Trading Instructions. Pursuant to the terms and subject to the conditions contained in the Equity Distribution Agreement, the undersigned hereby requests, as a duly appointed Authorized Designated Representative of the Issuer, that the Agent sell Placement Shares, as agent of the Issuer, in accordance with the following trading instructions (if any of the following trading instructions are not applicable, specify “N/A”): Maximum number of Placement Shares to be sold (A) Total number of Common Shares outstanding on the date of this Placement Notice (B) Maximum number of Placement Shares to be sold expressed as a percentage of the total number of Common Shares outstanding on the date of this Placement Notice (A ÷ B × x 100) Minimum market price per Placement Share Security to be sold Maximum number of Placement Shares that may be sold on any one Trading Day $ Agent’s Fee (%) First permitted Trading Day of trading 50710395.5 Last permitted Trading Day of trading Specific dates on which Placement Shares may not be sold: Other trading instructions: Other Terms Applicable to this Placement Notice Upon receiving this Placement Notice, an Authorized a Designated Representative of the Agent will acknowledge receipt hereof by notifying signing this Placement Notice and returning a copy hereof to the Issuer by electronic mail addressed and sent to the Designated Representatives of the Issuer via electronic mailIssuer. For all purposes hereof, the Agent will be deemed not to have received this Placement Notice unless receipt hereof shall have been so acknowledged by an Authorized a Designated Representative of the Agent. This Placement Notice is effective upon receipt by the Agent until the earlier of: (i) the Agent advising the Issuer, by electronic mail addressed and sent to the Designated Representatives of the Issuer, that it declines to accept the terms of sale set forth in this Placement Notice; (ii) the entire amount of the Placement Shares specified herein having been sold and all such sales having settled in accordance with the terms and conditions of the Equity Distribution Agreement;

Appears in 1 contract

Samples: Equity Distribution Agreement

Trading Instructions. Pursuant to the terms and subject to the conditions contained in the Equity Distribution Agreement, the undersigned hereby requests, as a duly appointed Authorized Representative of the IssuerCorporation, that the Agent sell Placement Shares, as agent of the IssuerCorporation, in accordance with the following trading instructions (if any of the following trading instructions are not applicable, specify “N/A”): Maximum number of Placement Shares to be sold (A) Total number of Common Subordinate Voting Shares outstanding on the date of this Placement Notice (B) Maximum number of Placement Shares to be sold expressed as a percentage of the total number of Common Subordinate Voting Shares outstanding on the date of this Placement Notice (A ÷ B × x 100) % Minimum market price per Placement Share to be sold Maximum number of Placement Shares that may be sold on any one Trading Day $ First permitted Trading Day of trading Last permitted Trading Day of trading Specific dates on which Placement Shares may not be sold: Other trading instructions: Other Terms Applicable to this Placement Notice Upon receiving this Placement Notice, an Authorized Representative of the Agent will acknowledge receipt hereof by notifying signing this Placement Notice and returning a copy hereof to the Corporation by electronic mail addressed and sent to the Designated Representatives of the Issuer via electronic mailCorporation or notify the Corporation that the Agent declines to accept the Placement Notice. For all purposes hereof, the Agent will be deemed not to have received this Placement Notice unless receipt hereof shall have been so acknowledged by an Authorized Representative of the Agent. This Placement Notice is effective upon receipt by the Agent unless and until the earlier ofearliest of the following occurs: (i) the Agent advising advises the IssuerCorporation, by electronic mail addressed and sent to the Designated Representatives of the IssuerCorporation, that it declines to accept the terms of sale set forth in this Placement Notice; (ii) the entire amount of the Placement Shares specified herein having has been sold and all such sales having have settled in accordance with the terms and conditions of the Equity Distribution Agreement;; (iii) the Corporation or the Agent suspends the sale (or further sale, as applicable) of the Placement Shares in accordance with Section 6 of the Equity Distribution Agreement; (iv) the Agent receives from the Corporation a subsequent Placement Notice with parameters that expressly supersede those contained in this Placement Notice; or (v) the Equity Distribution Agreement has been terminated pursuant to Section 13 thereof. This Placement Notice shall not contain any parameters that conflict with the provisions of the Equity Distribution Agreement or that subject or purport to impose upon or subject the Agent to any obligations in addition to the Agent’s obligations contained in the Equity Distribution Agreement. In the event of a conflict between the terms of the Equity Distribution Agreement and the terms of this Placement Notice with respect to an issuance and sale of Placement Shares, the terms of the Equity Distribution Agreement shall prevail. The Corporation covenants and agrees that the delivery of this Placement Notice by or on behalf of the Corporation to the Agent shall be deemed to be an affirmation that: (i) the representations and warranties made by the Corporation in the Equity Distribution Agreement and in any certificates provided pursuant thereto are true and correct as at the time this Placement Notice is issued, except only to the extent that any such representation and warranty is, by its express terms, limited to a specific date, or as expressly disclosed in Exhibit A to this Placement Notice; and (ii) the Corporation has complied with all covenants and agreements to be performed, and satisfied all conditions to be satisfied, by or on the part of the Corporation under the Equity Distribution Agreement at or prior to the time this Placement Notice is issued. CRESCO LABS INC. Per: Signature of Authorized Representative Name of Authorized Representative (Please Print) Title of Authorized Representative (Please Print) E-mail Address of Authorized Representative (Please Print) Direct Office Telephone Number (and extension, if applicable) Telephone Number (Cell) [Signatures continued on next page] Acknowledged this day of , 20 by Canaccord Genuity Corp. Per: Signature of Authorized Representative Name of Authorized Representative (Please Print) Title of Authorized Representative (Please Print) E-mail Address of Authorized Representative (Please Print) Direct Office Telephone Number (and extension, if applicable) Telephone Number (Cell) Exhibit A to Placement Notice Exceptions to the representations and warranties made by the Corporation in the Equity Distribution Agreement and in any certificates provided pursuant thereto: SCHEDULE C

Appears in 1 contract

Samples: Equity Distribution Agreement (Cresco Labs Inc.)

Trading Instructions. Pursuant to the terms and subject to the conditions contained in the Equity Distribution Agreement, the undersigned hereby requests, as a duly appointed Authorized Representative of the IssuerCorporation, that the Agent sell Placement Shares, as agent of the IssuerCorporation, in accordance with the following trading instructions (if any of the following trading instructions are not applicable, specify "N/A"): Maximum number of Placement Shares to be sold (A) Total number of Common Shares outstanding on the date of this Placement Notice (B) Maximum number of Placement Shares to be sold expressed as a percentage of the total number of Common Shares outstanding on the date of this Placement Notice (A ÷ B × x 100) % Minimum market price per Placement Share to be sold Maximum number of Placement Shares that may be sold on any one Trading Day $ First permitted Trading Day of trading Last permitted Trading Day of trading Specific dates on which Placement Shares may not be sold: Other trading instructions: Other Terms Applicable to this Placement Notice Upon receiving this Placement Notice, an Authorized Representative of the Agent will acknowledge receipt hereof by notifying signing this Placement Notice and returning a copy hereof to the Corporation by electronic mail addressed and sent to the Designated Representatives of the Issuer via electronic mailCorporation or notify the Corporation that the Agent declines to accept the Placement Notice. For all purposes hereof, the Agent will be deemed not to have received this Placement Notice unless receipt hereof shall have been so acknowledged by an Authorized Representative of the Agent. This Placement Notice is effective upon receipt by the Agent unless and until the earlier ofearliest of the following occurs: (i) the Agent advising advises the IssuerCorporation, by electronic mail addressed and sent to the Designated Representatives of the IssuerCorporation, that it declines to accept the terms of sale set forth in this Placement Notice; (ii) the entire amount of the Placement Shares specified herein having has been sold and all such sales having have settled in accordance with the terms and conditions of the Equity Distribution Agreement;; (iii) the Corporation or the Agent suspends the sale (or further sale, as applicable) of the Placement Shares in accordance with Section 6 of the Equity Distribution Agreement; (iv) the Agent receives from the Corporation a subsequent Placement Notice with parameters that expressly supersede those contained in this Placement Notice; or (v) the Equity Distribution Agreement has been terminated pursuant to Section 13 thereof. This Placement Notice shall not contain any parameters that conflict with the provisions of the Equity Distribution Agreement or that subject or purport to impose upon or subject the Agent to any obligations in addition to the Agent's obligations contained in the Equity Distribution Agreement. In the event of a conflict between the terms of the Equity Distribution Agreement and the terms of this Placement Notice with respect to an issuance and sale of Placement Shares, the terms of the Equity Distribution Agreement shall prevail. The Corporation covenants and agrees that the delivery of this Placement Notice by or on behalf of the Corporation to the Agent shall be deemed to be an affirmation that: (i) the representations and warranties made by the Corporation in the Equity Distribution Agreement and in any certificates provided pursuant thereto are true and correct as at the time this Placement Notice is issued, except only to the extent that any such representation and warranty is, by its express terms, limited to a specific date, or as expressly disclosed in Exhibit A to this Placement Notice; and (ii) the Corporation has complied with all covenants and agreements to be performed, and satisfied all conditions to be satisfied, by or on the part of the Corporation under the Equity Distribution Agreement at or prior to the time this Placement Notice is issued. HIVE BLOCKCHAIN TECHNOLOGIES LTD. Per: Signature of Authorized Representative Name of Authorized Representative (Please Print) Title of Authorized Representative (Please Print) E-mail Address of Authorized Representative (Please Print) Direct Office Telephone Number (and extension, if applicable) Telephone Number (Cell) [Signatures continued on next page] Acknowledged this _______ day of ______________ , 20___ by Canaccord Genuity Corp. Per: Signature of Authorized Representative Name of Authorized Representative (Please Print) Title of Authorized Representative (Please Print) E-mail Address of Authorized Representative (Please Print) Direct Office Telephone Number (and extension, if applicable) Telephone Number (Cell) Exhibit A to Placement Notice Exceptions to the representations and warranties made by the Corporation in the Equity Distribution Agreement and in any certificates provided pursuant thereto: ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ SCHEDULE C to the Equity Distribution Agreement made as of February 2, 2021 between HIVE Blockchain Technologies Ltd. and Canaccord Genuity Corp.

Appears in 1 contract

Samples: Equity Distribution Agreement (HIVE Blockchain Technologies Ltd.)

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Trading Instructions. Pursuant to the terms and subject to the conditions contained in the Equity Distribution Agreement, the undersigned hereby requests, as a duly appointed Authorized Representative of the IssuerCompany, that the Agent sell Placement Shares, as agent of the IssuerCompany, in accordance with the following trading instructions (if any of the following trading instructions are not applicable, specify "N/A"): Maximum number of Placement Shares to be sold (A) Total number of Common Shares outstanding on the date of this Placement Notice (B) Maximum number of Placement Shares to be sold expressed as a percentage of the total number of Common Shares outstanding on the date of this Placement Notice (A ÷ B × x 100) % Minimum market price per Placement Share to be sold Maximum number of Placement Shares that may be sold on any one Trading Day $ First permitted Trading Day of trading Last permitted Trading Day of trading Specific dates on which Placement Shares may not be sold: Other trading instructions: Other Terms Applicable to this Placement Notice Upon receiving this Placement Notice, an Authorized Representative of the Agent will acknowledge receipt hereof by notifying signing this Placement Notice and returning a copy hereof to the Company by electronic mail addressed and sent to the Designated Representatives of the Issuer via electronic mailCompany or notify the Company that the Agent declines to accept the Placement Notice. For all purposes hereof, the Agent will be deemed not to have received this Placement Notice unless receipt hereof shall have been so acknowledged by an Authorized Representative of the Agent. This Placement Notice is effective upon receipt by the Agent unless and until the earlier ofearliest of the following occurs: (i) the Agent advising advises the IssuerCompany, by electronic mail addressed and sent to the Designated Representatives of the IssuerCompany, that it declines to accept the terms of sale set forth in this Placement Notice; (ii) the entire amount of the Placement Shares specified herein having has been sold and all such sales having have settled in accordance with the terms and conditions of the Equity Distribution Agreement;; (iii) the Company or the Agent suspends the sale (or further sale, as applicable) of the Placement Shares in accordance with Section 6 of the Equity Distribution Agreement; (iv) the Agent receives from the Company a subsequent Placement Notice with parameters that expressly supersede those contained in this Placement Notice; or (v) the Equity Distribution Agreement has been terminated pursuant to Section 13 thereof. This Placement Notice shall not contain any parameters that conflict with the provisions of the Equity Distribution Agreement or that subject or purport to impose upon or subject the Agent to any obligations in addition to the Agent's obligations contained in the Equity Distribution Agreement. In the event of a conflict between the terms of the Equity Distribution Agreement and the terms of this Placement Notice with respect to an issuance and sale of Placement Shares, the terms of the Equity Distribution Agreement shall prevail. The Company covenants and agrees that the delivery of this Placement Notice by or on behalf of the Company to the Agent shall be deemed to be an affirmation that: (i) the representations and warranties made by the Company in the Equity Distribution Agreement and in any certificates provided pursuant thereto are true and correct as at the time this Placement Notice is issued, except only to the extent that any such representation and warranty is, by its express terms, limited to a specific date, or as expressly disclosed in Exhibit A to this Placement Notice; and (ii) the Company has complied with all covenants and agreements to be performed, and satisfied all conditions to be satisfied, by or on the part of the Company under the Equity Distribution Agreement at or prior to the time this Placement Notice is issued. VIZSLA SILVER CORP. Per: Signature of Authorized Representative Name of Authorized Representative (Please Print) Title of Authorized Representative (Please Print) E-mail Address of Authorized Representative (Please Print) Direct Office Telephone Number (and extension, if applicable) Telephone Number (Cell) [Signatures continued on next page] Acknowledged this _______ day of ______________, 20___ by Canaccord Genuity Corp. Per: Signature of Authorized Representative Name of Authorized Representative (Please Print) Title of Authorized Representative (Please Print) E-mail Address of Authorized Representative (Please Print) Direct Office Telephone Number (and extension, if applicable) Telephone Number (Cell) Exhibit A to Placement Notice Exceptions to the representations and warranties made by the Company in the Equity Distribution Agreement and in any certificates provided pursuant thereto:

Appears in 1 contract

Samples: Equity Distribution Agreement (Vizsla Silver Corp.)

Trading Instructions. Pursuant to the terms and subject to the conditions contained in the Equity Distribution Agreement, the undersigned hereby requests, as a duly appointed Authorized Representative of the IssuerCorporation, that the Agent sell Placement Shares, as agent of the IssuerCorporation, in accordance with the following trading instructions (if any of the following trading instructions are not applicable, specify "N/A"): Maximum number of Placement Shares to be sold (A) Total number of Common Subordinate Voting Shares outstanding on the date of this Placement Notice (B) Maximum number of Placement Shares to be sold expressed as a percentage of the total number of Common Subordinate Voting Shares outstanding on the date of this Placement Notice (A ÷ B × x 100) % Minimum market price per Placement Share to be sold $ Limitation on the daily volume of Placement Shares that may be sold expressed as a percentage of the total number of Subordinate Voting Shares traded daily including the total number of Placement Shares traded and the total number of Subordinate Voting Shares traded by third parties (daily volume of Placement Shares sold must not exceed 25% of total daily volume of Subordinate Voting Shares on the CSE and any other Marketplace unless otherwise permitted by additional exemptive relief) % Maximum number of Placement Shares that may be sold on any one Trading Day (subject to limitation on daily volume above) First permitted Trading Day of trading Last permitted Trading Day of trading Specific dates on which Placement Shares may not be sold: Other trading instructions: Other Terms Applicable Calculation of 10% Market Value Limit (to this be completed only on first Placement Notice Upon receiving this Placement Notice, an Authorized Representative accepted by the Agent) Last Trading Day of the Agent will acknowledge receipt hereof by notifying month immediately preceding the Designated Representatives date of the Issuer via electronic mail. For all purposes hereof, the Agent will be deemed not to have received this first Placement Notice unless receipt hereof shall have been so acknowledged by an Authorized Representative of the Agent. This Placement Notice is effective upon receipt by the Agent until the earlier of: (i) the Agent advising the Issuer, by electronic mail addressed and sent to the Designated Representatives of the Issuer, that it declines to accept the terms of sale set forth in this Placement Notice; (ii) the entire amount of the Placement Shares specified herein having been sold and all such sales having settled in accordance with the terms and conditions of issued under the Equity Distribution Agreement;Agreement (the "Calculation Date") Closing price per Subordinate Voting Share on the CSE on the Calculation Date (A) Total number of Subordinate Voting Shares outstanding on the Calculation Date Total number of Excluded Securities (as defined below) Total number of Subordinate Voting Shares outstanding on the Calculation Date less the total number of Excluded Securities (B) Aggregate market value of Subordinate Voting Shares outstanding on the Calculation Date (A x B = C) Maximum aggregate market value of Subordinate Voting Shares that can be sold under the Equity Distribution Agreement (0.10 x C) (the "10% Market Value Limit") The 10% Market Value Limit (as defined below) referred to in Part 9 of National Instrument 44-102 – Shelf Distributions is calculated as follows:

Appears in 1 contract

Samples: Equity Distribution Agreement

Trading Instructions. Pursuant to the terms and subject to the conditions contained in the Equity Distribution Agreement, the undersigned hereby requests, as a duly appointed Authorized Representative of the IssuerCompany, that the Agent sell Placement Shares, as agent of the IssuerCompany, in accordance with the following trading instructions (if any of the following trading instructions are not applicable, specify "N/A"): Maximum number of Placement Shares to be sold (A) Total number of Common Shares outstanding on the date of this Placement Notice (B) Maximum number of Placement Shares to be sold expressed as a percentage of the total number of Common Shares outstanding on the date of this Placement Notice (A ÷ B × x 100) % Minimum market price per Placement Share to be sold Maximum number of Placement Shares that may be sold on any one Trading Day $ First permitted Trading Day of trading Last permitted Trading Day of trading Specific dates on which Placement Shares may not be sold: Other trading instructions: Other Terms Applicable to this Placement Notice Upon receiving this Placement Notice, an Authorized Representative of the Agent will acknowledge receipt hereof by notifying signing this Placement Notice and returning a copy hereof to the Company by electronic mail addressed and sent to the Designated Representatives of the Issuer via electronic mailCompany or notify the Company that the Agent declines to accept the Placement Notice. For all purposes hereof, the Agent will be deemed not to have received this Placement Notice unless receipt hereof shall have been so acknowledged by an Authorized Representative of the Agent. This Placement Notice is effective upon receipt by the Agent unless and until the earlier ofearliest of the following occurs: (i) the Agent advising advises the IssuerCompany, by electronic mail addressed and sent to the Designated Representatives of the IssuerCompany, that it declines to accept the terms of sale set forth in this Placement Notice; (ii) the entire amount of the Placement Shares specified herein having has been sold and all such sales having have settled in accordance with the terms and conditions of the Equity Distribution Agreement;; (iii) the Company or the Agent suspends the sale (or further sale, as applicable) of the Placement Shares in accordance with Section 6 of the Equity Distribution Agreement; (iv) the Agent receives from the Company a subsequent Placement Notice with parameters that expressly supersede those contained in this Placement Notice; or (v) the Equity Distribution Agreement has been terminated pursuant to Section 13 thereof. This Placement Notice shall not contain any parameters that conflict with the provisions of the Equity Distribution Agreement or that subject or purport to impose upon or subject the Agent to any obligations in addition to the Agent's obligations contained in the Equity Distribution Agreement. In the event of a conflict between the terms of the Equity Distribution Agreement and the terms of this Placement Notice with respect to an issuance and sale of Placement Shares, the terms of the Equity Distribution Agreement shall prevail. The Company covenants and agrees that the delivery of this Placement Notice by or on behalf of the Company to the Agent shall be deemed to be an affirmation that: (i) the representations and warranties made by the Company in the Equity Distribution Agreement and in any certificates provided pursuant thereto are true and correct as at the time this Placement Notice is issued, except only to the extent that any such representation and warranty is, by its express terms, limited to a specific date, or as expressly disclosed in Exhibit A to this Placement Notice; and (ii) the Company has complied with all covenants and agreements to be performed, and satisfied all conditions to be satisfied, by or on the part of the Company under the Equity Distribution Agreement at or prior to the time this Placement Notice is issued. VIZSLA SILVER CORP. Per: Signature of Authorized Representative Name of Authorized Representative (Please Print) Title of Authorized Representative (Please Print) E-mail Address of Authorized Representative (Please Print) Direct Office Telephone Number (and extension, if applicable) Telephone Number (Cell) [Signatures continued on next page] Acknowledged this _______ day of ______________, 20___ by Canaccord Genuity Corp. Per: _____________________________________________________ Signature of Authorized Representative _____________________________________________________ Name of Authorized Representative (Please Print) _____________________________________________________ Title of Authorized Representative (Please Print) _____________________________________________________ E-mail Address of Authorized Representative (Please Print) _____________________________________________________ Direct Office Telephone Number (and extension, if applicable) _____________________________________________________ Telephone Number (Cell) Exhibit A to Placement Notice Exceptions to the representations and warranties made by the Company in the Equity Distribution Agreement and in any certificates provided pursuant thereto:

Appears in 1 contract

Samples: Equity Distribution Agreement (Vizsla Silver Corp.)

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