Effect of Exercise of Warrant Certificates. (a) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.
Effect of Exercise of Warrant Certificates. (1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares as of the Exercise Date, unless the registers shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such registers are reopened.
Effect of Exercise of Warrant Certificates. (a) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Subordinate Voting Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, and the person or persons to whom such Subordinate Voting Shares are to be issued shall be deemed to have become the holder or holders of such Subordinate Voting Shares on the Exercise Date unless the register shall be closed on such date, in which case the Subordinate Voting Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Subordinate Voting Shares, on the date on which such register is reopened. It is hereby understood that, in order for persons to whom Subordinate Voting Shares are to be issued, to become holders of Subordinate Voting Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.
Effect of Exercise of Warrant Certificates. (1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares within five Business Days and, in respect of Warrants, they will deem to become the holders of record on the Exercise Date, unless the transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such transfer registers are reopened. It is hereby understood that in order for holders to be holders of Warrants on record on an Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.
Effect of Exercise of Warrant Certificates. 3.6.1 Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Sections 3.3 and 3.4, the Warrant Shares shall be issued in certificated or uncertificated form within five Business Days of such exercise. Notwithstanding the foregoing, the Warrant Shares will be deemed to be issued and the Warrantholders will be deemed to become Shareholders of record on the Exercise Date, unless the Shareholder register of the Corporation and the Warrant register shall be closed on such date, in which case the Warrant Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Warrant Shares, on the date on which such Shareholder and Warrant registers are reopened. It is hereby understood that in order for holders to be Shareholders of record on an Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.
Effect of Exercise of Warrant Certificates. (1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that in order for Beneficial Owners to be holders of Common Shares of record on an Exercise Date, Beneficial Owners must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one (1) Business Day prior to such Exercise Date.
Effect of Exercise of Warrant Certificates. 17 Section 3.6 Partial Exercise of Warrants; Fractions. 17 Section 3.7 Expiration of Warrants. 17 Section 3.8 Accounting and Recording. 18 Section 3.9 Securities Restrictions. 18 TABLE OF CONTENTS (continued) Page No.
Effect of Exercise of Warrant Certificates. (1) Upon the exercise of Certificated Warrants in accordance with Section 3.2 and pursuant to and in compliance with Section 3.3 and subject to Section 3.4, the Ordinary Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued and the person or persons to whom such Ordinary Shares are to be issued shall be deemed to have become the holder or holders of such Ordinary Shares on the day of receipt by the Warrant Agent of a duly completed Exercise Notice and the aggregate Exercise Price, unless the share registers of the Corporation shall be closed on such day, in which case the Ordinary Shares subscribed for shall be issued and such person or persons become the holder or holders of record of such Ordinary Shares, on the day on which such transfer registers are next open.
Effect of Exercise of Warrant Certificates. 3.7.1 Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Sections 3.4 and 3.5, the Warrant Shares to be issued pursuant to the Warrants exercised shall be issued as fully paid and non-assessable in certificated or uncertificated form within five Business Days of the applicable Exercise Date. Notwithstanding the foregoing, the Warrant Shares will be deemed to be issued and the Warrantholders will be deemed to become Shareholders of record on the Exercise Date, unless the Shareholder register of the Corporation and the Warrant register shall be closed on such date, in which case the Warrant Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Warrant Shares, on the date on which such Shareholder and Warrant registers are reopened. It is hereby understood that in order for a Warrantholder to become a Shareholder of record on an Exercise Date, the Beneficial Owner of the applicable Warrants must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.
Effect of Exercise of Warrant Certificates. (1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on the day of receipt by the Warrant Agent of a duly completed Exercise Notice and the aggregate Exercise Price, unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened.
