Common Contracts
1 similar Underwriting Agreement contracts
UNDERWRITING AGREEMENTUnderwriting Agreement • March 8th, 2017 • British Columbia
Each Debenture will be dated as of the Closing Date (as hereinafter defined) and will bear interest at a rate of 8% per annum (on the basis of a 360-day year composed of twelve 30-day months) from the date of issue, payable semi-annually in arrears on the last day of February and August in each year, commencing August 31, 2017. Subject to any required regulatory approval and provided no event of default has occurred and is continuing, the Corporation shall have the option to pay such interest by delivering such number of freely tradable, pursuant to Canadian Securities Laws, common shares of the Corporation (the “Common Shares”) as may be required to the Trustee (as hereinafter defined) for sale, in which event holders of the Debentures will be entitled to receive a cash payment equal to the interest owed from the proceeds of the sale of such requisite number of Common Shares by the Trustee. The Debentures will be convertible into Common Shares at the option of the holder at any time p
