Common use of Effect of Exercise of Warrant Certificates Clause in Contracts

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. 3.6.1 (1) Upon the exercise of Warrants Warrant Certificates pursuant to and in compliance with Section 3.2 and subject to Sections Section 3.3 and Section 3.4, the Warrant Shares shall to be issued in certificated or uncertificated form within five Business Days of such exercise. Notwithstanding pursuant to the foregoing, the Warrant Shares will Warrants exercised shall be deemed to be have been issued and the Warrantholders will person or persons to whom such Warrant Shares are to be issued shall be deemed to have become Shareholders the holder or holders of record such Warrant Shares on the Exercise Date, 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 register is reopened. It is hereby understood that in order for holders persons to whom Warrant Shares are to be Shareholders issued, to become holders of Warrant Shares on record on an 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. 3.6.1 (1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Sections 3.3 and 3.4, the Warrant Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued in certificated and the person or uncertificated form 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 three (3) 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 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 Warrant Common Shares, on the date on which such Shareholder and Warrant registers are register is reopened. It is hereby understood that in order for beneficial holders of Warrants held by the Depository to be Shareholders holders of Common Shares on record on an 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. 3.6.1 (1) Upon the exercise of Warrants Warrant Certificates pursuant to and in compliance with Section 3.2 and subject to Sections 3.3 and 3.4, the Warrant Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued in certificated and the person or uncertificated form persons to whom such Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Warrant Shares within five three 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, 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 register is reopened. It is hereby understood that in order for holders persons to whom Warrant Shares are to be Shareholders issued, to become holders of Warrant Shares on record on an 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. 3.6.1 (1) Upon the exercise of Warrants Warrant Certificates pursuant to and in compliance with Section 3.2 and subject to Sections 3.3 and 3.4, the Warrant Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued in certificated and the person or uncertificated form persons to whom such Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Warrant Shares 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, 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 register is reopened. It is hereby understood that in order for holders persons to whom Warrant Shares are to be Shareholders issued, to become holders of Warrant Shares on record on an 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.