Examples of Compensation Option Certificates in a sentence
The description of the Compensation Options herein is a summary only and is subject to the specific attributes and detailed provisions of the Compensation Options to be set forth in the Compensation Option Certificates.
In case of any inconsistency between the description of the Compensation Options in this Agreement and the terms of the Compensation Options as set forth in the Compensation Option Certificates, the provisions of the Compensation Option Certificates shall govern.
The Compensation Options have been or prior to the Closing Time will be, duly and validly created and authorized for issuance and when issued and delivered by the Corporation pursuant to this Agreement and the Compensation Option Certificates, the Compensation Options will be validly issued.
The Compensation Shares and the Compensation Warrants have been, or prior to the Closing Time will be, duly allotted and authorized for issuance and, upon exercise of the Compensation Options in accordance with the terms and conditions of the Compensation Option Certificates, the Compensation Shares will be validly issued as fully paid and non-assessable Common Shares and the Compensation Warrants will be validly issued.
Each Compensation Unit is comprised of one Common Share (each, a “Compensation Unit Share”) and one-half of one Warrant (each whole Warrant, a “Compensation Unit Warrant”) at an exercise price equal to the Offering Price for a period of 36 months from the Initial Closing Date, pursuant to the terms of the Compensation Option Certificates.