Examples of Deemed Exercise Date in a sentence
No Special Warrants may be voluntarily exercised by the holders thereof at any time after their issuance, unless agreed to by the Corporation pursuant to a supplemental indenture entered into with the Special Warrant Agent providing for such exercise and subject to any certificates issued prior to the Deemed Exercise Date bearing the legends set out in Section 5.8.
B Warrants that (i) lapse unexercised at the Deemed Exercise Date, (ii) are deemed exercised and with respect to which B Shares are delivered to the relevant Holders in accordance with Condition 4 or (iii) are cancelled following the redemption of all A Warrants, shall be cancelled and cease to exist.
The Special Warrants will be deemed to be exercised on the date that is the earlier of (a) the Deemed Exercise Date, and (b) the third business day following the date on which Final Receipt has been issued, at which time each Special Warrant shall be automatically exercised for one Qualified Share, subject to adjustment in certain circumstances, without payment of any additional consideration and without further action on the part of the holder.
No Special Warrants may be voluntarily exercised by the holders thereof at any time after their issuance, unless agreed to by the Corporation pursuant to a Supplemental Indenture entered into with the Special Warrant Agent providing for such exercise and subject to any certificates issued prior to the Deemed Exercise Date bearing the legends set out in Section 5.8.
Upon exercise or deemed exercise of the NCI Special Warrants, it is anticipated that evidence of ownership representing the Underlying Securities will be issued in non-certificated book-entry only form and registered to CDS or its nominee and deposited with CDS on the day following the date of exercise or the Deemed Exercise Date.