Common use of Effect of Exercise of Warrants Clause in Contracts

Effect of Exercise of Warrants. (a) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to 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 three Business Days and, in respect of Warrants, they will be deemed 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 Warrants. (a) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.4the provisions of this Warrant Indenture, the Common Shares Warrant Debentures 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 Warrant Debentures are to be issued shall be deemed to have become the holder or holders of such Common Shares within three Business Days and, in respect Warrant Debentures as of Warrants, they will be deemed 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 Warrant Debentures 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 SharesWarrant Debentures, on the date on which such transfer registers are reopened. It is hereby understood that in order for holders persons to be whom Warrant Debentures are issued to become holders of Warrants on Warrant Debentures of record on an the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent Trustee is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrants. (a1) 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 Warrant 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 Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Common Warrant Shares on the Exercise Date, with delivery of such Warrant Shares within three five Business Days and, in respect of Warrants, they will be deemed to become the holders of record on the Exercise Date, unless the transfer registers of the Corporation register shall be closed on such date, in which case the Common 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 Common Warrant Shares, on the date on which such transfer registers are register is reopened. It is hereby understood that in order for holders persons to whom Warrant Shares are to be issued, to become holders of Warrants 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 Warrants. (a1) 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 Warrant 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 Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Common Warrant Shares within three Business Days and, in respect of Warrants, they will be deemed to become the holders of record on the Exercise Date, provided the documents are received in good order, unless the transfer registers of the Corporation register shall be closed on such date, in which case the Common 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 Common Warrant Shares, on the date on which such transfer registers are register is reopened. It is hereby understood that in order for holders persons to whom Warrant Shares are to be issued, to become holders of Warrants on Warrant Shares of 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 Warrants. (a1) 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 Warrant Shares to be issued pursuant to the Warrants exercised shall be issued or deemed to have been issued and the person or persons to whom such Common Warrant Shares are to be issued shall become or be deemed to have become the holder or holders of such Common Shares within three Business Days and, in respect of Warrants, they will be deemed 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 Warrant Shares on the Exercise Date, provided the documents received are in good order, unless the register shall be closed on such date, in which case the Warrant Shares subscribed for shall be issued or deemed to have been issued and such person or persons become or be deemed to have become the holder or holders of record of such Warrant Shares, on the date on which such transfer registers are register is reopened. It is hereby understood that in order for holders persons to whom Warrant Shares are to be issued, to become holders of Warrants on Warrant Shares of 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 Warrants. (a1) Upon ‎Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject ‎subject to Section 3.3 and Section 3.4, the Common Warrant Shares to be issued pursuant to the Warrants exercised ‎exercised shall be deemed to have been issued and the person or persons to whom such Common Shares Warrant ‎Shares are to be issued shall be deemed to have become the holder or holders of such Common Warrant ‎Shares on the Exercise Date, with delivery of such Warrant Shares within three five Business Days and, in respect of Warrants, they will be deemed to become the holders of record on the Exercise Date, unless the transfer registers of the Corporation register shall be closed on such ‎such date, in which case the Common Warrant Shares subscribed for shall be deemed to have been issued and ‎and such person or persons deemed to have become the holder or holders of record of such Common ‎Warrant Shares, on the date on which such transfer registers are register is reopened. It is hereby understood that in order for holders persons to whom Warrant Shares are to be issued, to become holders of Warrants Warrant ‎Shares on record on an the Exercise Date, beneficial holders must commence the exercise process sufficiently ‎sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business ‎‎Business Day prior to such Exercise Date.Date.‎

Effect of Exercise of Warrants. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.43.3, 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 three five Business Days and, in respect of Warrants, they will be deemed 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 Warrants. (a) Upon surrender and payment by the exercise holder of Warrants pursuant to and any Warrant Certificate in compliance accordance with Section 3.2 and subject to 4.1 or Section 3.44.2, as applicable, the Common Shares to be issued pursuant to the Warrants exercised so subscribed for shall be deemed to have been issued and the person Person or persons Persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares within three Business Days and, in respect of Warrants, they will be deemed to become the holders of record on the Exercise Date, Date unless the share registers maintained by the transfer registers agent of the Corporation shall be closed on such date, in which case the Common Shares so subscribed for shall be deemed to have been issued issued, and such person Person or persons Persons shall be deemed to have become the holder or holders of record of such Common Shares, Shares on the date on which such transfer registers are reopenedwere reopened and such Common Shares shall be issued at the Exercise Price in effect on the Exercise Date. To the extent the opening of the registers remains within the control of the Warrant Agent, the Corporation and the Warrant Agent shall cause such registers to be open on Business Days. It is hereby understood that in order for holders persons to whom Common Shares are to be issued, to become holders of Warrants 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 Warrants. (a1) 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 Warrant Shares to be issued pursuant to the Warrants exercised shall be issued or deemed to have been issued and the person or persons to whom such Common Warrant Shares are to be issued shall become or be deemed to have become the holder or holders of such Common Shares within three Business Days and, in respect of Warrants, they will be deemed 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 Warrant Shares within three Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Warrrant Shares subscribed for shall be issued or deemed to have been issued and such person or persons become or be deemed to have become the holder or holders of record of such Shares, on the date on which such transfer registers are register is reopened. It is hereby understood that in order for holders persons to whom Warrant Shares are to be issued to become holders of Warrants on Warrant Shares of 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 Warrants. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Error! Reference source not found. and Section 3.4, the Common Warrant 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 Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Common Warrant Shares within three Business Days and, in respect of Warrants, they will be deemed to become the holders of record on the Exercise Date, provided the documents are received in good order, unless the transfer registers of the Corporation register shall be closed on such date, in which case the Common 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 Common Warrant Shares, on the date on which such transfer registers are register is reopened. It is hereby understood that in order for holders persons to whom Warrant Shares are to be issued, to become holders of Warrants on Warrant Shares of 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 Warrants. (a1) 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 three five Business Days and, in respect of Warrants, they will be deemed 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.