Common use of Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price Clause in Contracts

Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall have exercised its election as provided in Section 2.3(i) below, upon each adjustment of the Exercise Price as a result of the calculations made in Sections 2.3(b) and (c) above, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth) obtained by (A) multiplying (x) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment by (y) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, and (B) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.

Appears in 25 contracts

Samples: Protection Rights Plan Agreement, Shareholder Rights Plan Agreement (International Absorbents Inc), Shareholder Protection Rights Plan Agreement (Cae Inc)

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Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall have exercised its election as provided in Section 2.3(i) below, upon each adjustment of the Exercise Price as a result of the calculations made in Sections Section 2.3(b) and or (c) above, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth) obtained by (A) multiplying (x) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment by (y) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, and (B) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.

Appears in 4 contracts

Samples: Shareholder Rights Plan Agreement (Baja Mining Corp.), Shareholder Rights Plan Agreement (Baja Mining Corp.), Shareholder Rights Plan Agreement (North American Palladium LTD)

Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall have exercised its election as provided in Section Subsection 2.3(i) below, upon each adjustment of the Exercise Price as a result of the calculations made in Sections Subsections 2.3(b) and (c) above, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth) obtained by by: (Ai) multiplying (xA) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment by (yB) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, ; and (Bii) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.

Appears in 4 contracts

Samples: Shareholder Rights Plan Agreement (Ym Biosciences Inc), Shareholder Rights Plan Agreement (Ym Biosciences Inc), Shareholder Rights Plan Agreement (Medicure Inc)

Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall will have exercised its election as provided in Section 2.3(i) subsection 2.3.12 below, upon each adjustment of the Exercise Price as a result of the calculations made in Sections 2.3(b) subsections 2.3.3 and (c) 2.3.4 above, each Right outstanding immediately prior to the making of such adjustment shall will thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth, notwithstanding subsection 2.3.6) obtained by (A) multiplying (x) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment by (y) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, and (B) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Nevada Geothermal Power Inc)

Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall have exercised exercises its election as provided in Section 2.3(i) below, upon each adjustment of the Exercise Price as a result of the calculations made in Sections Section 2.3(b) and or (c) above, each Right outstanding immediately prior to the making of such adjustment shall thereafter will, after such adjustment, evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth) obtained by (A) multiplying (x) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment by (y) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, and (B) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.Price.β€Œ

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall will have exercised its election as provided in Section 2.3(i) subsection below, upon each adjustment of the Exercise Price as a result of the calculations made in Sections 2.3(b) subsections and (c) above, each Right outstanding immediately prior to the making of such adjustment shall will thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth, notwithstanding subsection ) obtained by (A) multiplying (x) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment by (y) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, and (B) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Nevada Geothermal Power Inc)

Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall have exercised its election as provided in Section 2.3(i2.3(9) below, upon each adjustment of the Exercise Price as a result of the calculations made in Sections 2.3(bSection 2.3(2) and (cSection 2.3(3) above, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth) obtained by (A) multiplying (x) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment by (y) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, and (B) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Vitran Corp Inc)

Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall have exercised its election as provided in Section 2.3(i) below, upon each adjustment of the Exercise Price as a result of the calculations made in Sections 2.3(b) and (c) above, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth) obtained by (A) multiplying (x) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment adjustment. by (y) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, and (B) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall have exercised its election as provided in Section Subsection 2.3(i) below, upon each adjustment of the Exercise Price as a result of the calculations made in Sections Subsections 2.3(b) and (c) above, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth) obtained by (A) } multiplying (x) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment by (y) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, and (B) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Philip Services Corp)

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Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall have exercised its election as provided in Section 2.3(i2.3(9) below, upon each adjustment of the Exercise Price as a result of the PAGE 24 SHAREHOLDER RIGHTS PLAN calculations made in Sections 2.3(bSection 2.3(2) and (c3) above, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth) obtained by (A) multiplying (x) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment by (y) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, and (B) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Virginia Mines Inc.)

Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall have exercised its election as provided in Section 2.3(i) below, upon each adjustment of the Exercise Price as a result of the calculations made in Sections Subsections 2.3(b) and (c) above, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth) obtained by by: (Ai) multiplying (xA) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment by (yB) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, ; and (Bii) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Mad Catz Interactive Inc)

Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall have exercised its election as provided in Section 2.3(i) below, upon each adjustment of the Exercise Price as a result of the calculations made in Sections Section 2.3(b) and (cSection 2.3(c) above, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth) obtained by (A) multiplying (x) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment by (y) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, and (B) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Potash Corp of Saskatchewan Inc)

Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall have exercised its election as provided in Section Subsection 2.3(i) below, upon each adjustment of the Exercise Price as a result of the calculations made in Sections 2.3(bSubsections 2.3 (b) and (c) above, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of Common Shares (calculated to the nearest one ten-thousandth) obtained by by: (Ai) multiplying (xA) the number of shares purchasable upon exercise of a Right immediately prior to this adjustment by (yB) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, ; and (Bii) dividing the product so obtained by the Exercise Price in effect immediately after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Royal Oak Mines Inc)

Adjustment to number of Common Shares purchasable upon adjustment to Exercise Price. Unless the Corporation shall have exercised exercises its election as provided in Section 2.3(i) below2.3(h), upon each adjustment of the Exercise Price as a result of the calculations made in Sections 2.3(b) and (c) above2.3(c), each Right outstanding immediately prior to the making of such that adjustment shall will thereafter evidence the right to purchase, at the adjusted Exercise Price, that the number of Common Shares (calculated to the nearest one ten-thousandth1/10,000th) obtained by (Ai) multiplying (xA) the number of shares Common Shares purchasable upon exercise of a Right immediately prior to this adjustment by (yB) the Exercise Price in effect immediately prior to such that adjustment of the Exercise Price, and (Bii) dividing the product so obtained by the Exercise Price in effect immediately after such that adjustment of the Exercise Price.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Liminal BioSciences Inc.)

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