Deemed Redemption. The Board of Directors shall, without further formality, be deemed to have elected to redeem the Rights at the Redemption Price on the date that a Person who has made a Permitted Bid, a Competing Permitted Bid or a Take-over Bid in respect of which the Board of Directors has waived the application of Section 3.1 takes up and pays for Voting Shares pursuant to the terms and conditions of such Permitted Bid, Competing Permitted Bid or Take-over Bid, as the case may be.
Appears in 13 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Pacific Rim Mining Corp), Shareholder Rights Plan Agreement (Western Copper & Gold Corp)
Deemed Redemption. The Board of Directors shall, without further formality, be deemed to have elected to redeem the Rights at the Redemption Price on the date that a Person who has made a Permitted Bid, a Competing Permitted Bid or a Take-over Bid in respect of which the Board of Directors has waived the application of Section section 3.1 takes up and pays for Voting Shares pursuant to the terms and conditions of such Permitted Bid, Competing Permitted Bid or Take-over Bid, as the case may be.
Appears in 5 contracts
Samples: Shareholder Rights Plan Agreement (International Tower Hill Mines LTD), Shareholder Rights Plan Agreement (Extorre Gold Mines LTD), Shareholder Rights Plan Agreement (Olympus Pacific Minerals Inc)
Deemed Redemption. The Board of Directors shall, without further formality, be deemed to have elected to redeem the Rights at the Redemption Price on the date that a Person who has made a Permitted Bid, a Competing Permitted Bid or a Take-over Bid in respect of which the Separation Time has occurred and the Board of Directors has waived the application of Section 3.1 takes up and pays for Voting Shares pursuant to the terms and conditions of such Permitted Bid, Competing Permitted Bid or Take-over Bid, as the case may be.
Appears in 4 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Augusta Resource CORP), Shareholder Rights Plan Agreement (Jaguar Mining Inc)
Deemed Redemption. The Board of Directors shall, without further formality, be deemed to have elected to redeem the Rights at the Redemption Price on the date that a Person who has made a Permitted Bid, a Competing Permitted Bid or a Take-over Bid in respect of which the Separation Time has occurred and the Board of Directors has waived the application of Section 3.1 3.1, takes up and pays for Voting Shares pursuant to the terms and conditions of such Permitted Bid, Competing Permitted Bid or Take-over Bid, as the case may be.
Appears in 2 contracts
Samples: Shareholder Rights Plan Agreement (Crystallex International Corp), Shareholder Rights Plan Agreement
Deemed Redemption. The Board board of Directors directors shall, without further formality, be deemed to have elected to redeem the Rights at the Redemption Price on the date that a Person who has made a Permitted Bid, a Competing Permitted Bid or a Take-over Bid in respect of which the Board board of Directors directors has waived the application of Section section 3.1 takes up and pays for Voting Shares common shares pursuant to the terms and conditions of such Permitted Bid, Competing Permitted Bid or Take-over Bid, as the case may be.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Deemed Redemption. The Board of Directors shall, without further formality, be deemed to have elected to redeem the Rights at the Redemption Price on the date that a Person who has made a Permitted Bid, a Competing Permitted Bid or a Take-over Bid in respect of which the Board of Directors has waived the application of Section 3.1 section takes up and pays for Voting Shares pursuant to the terms and conditions of such Permitted Bid, Competing Permitted Bid or Take-over Bid, as the case may be.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Cumberland Resources LTD)
