Common use of Fractional Rights and Fractional Common Shares Clause in Contracts

Fractional Rights and Fractional Common Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Right Certificates which evidence fractional Rights or to pay any amount to a holder of record of Rights Certificates in lieu of such fractional Rights.

Appears in 12 contracts

Samples: Rights Agreement, Shareholder Rights Plan Agreement (Lincoln Gold Corp), Shareholder Rights Plan Agreement (Atlantic Power Corp)

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Fractional Rights and Fractional Common Shares. (a1) The Corporation shall not be required to issue fractions of Rights or to distribute Right Rights Certificates which evidence fractional Rights or to pay any amount to a holder of record of Rights Certificates in lieu of Rights. Any such fractional RightsRight shall be null and void and the Corporation will not have any obligation or liability in respect thereof.

Appears in 9 contracts

Samples: Shareholder Rights Plan Agreement (Baja Mining Corp.), Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (GREAT PANTHER MINING LTD)

Fractional Rights and Fractional Common Shares. (a) The Corporation shall will not be required to issue fractions of Rights or to distribute Right Rights Certificates which evidence fractional Rights or and no amount will be paid to pay any amount to a holder the registered holders of record of the Rights Certificates in lieu of with regard to which such fractional RightsRights would otherwise be issuable.

Appears in 7 contracts

Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Cott Corp /Cn/), Shareholder Rights Plan Agreement (Primo Water Corp /CN/)

Fractional Rights and Fractional Common Shares. (a) The Corporation Company shall not be required to issue fractions of Rights or to distribute Right Rights Certificates which evidence fractional Rights or and no amount shall be paid to pay any amount to a holder the registered holders of record of the Rights Certificates in lieu of with regard to which such fractional RightsRights would otherwise be issuable.

Appears in 2 contracts

Samples: Shareowner Rights Plan Agreement (Cott Corp /Cn/), Shareowner Rights Plan Agreement (Cott Corp /Cn/)

Fractional Rights and Fractional Common Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Right Rights Certificates which evidence fractional Rights or and no amount shall be paid to pay any amount to a holder the registered holders of record of the Rights Certificates in lieu of with regard to which such fractional RightsRights would otherwise be issuable.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Abitibi Consolidated Inc)

Fractional Rights and Fractional Common Shares. (a1) The Corporation shall is not be required to issue fractions of Rights or to distribute Right Rights Certificates which evidence fractional Rights Rights. Any such fractional Right will be null and void and the Corporation has no obligation or to pay any amount to a holder of record of Rights Certificates liability in lieu respect of such fractional Rights.

Appears in 1 contract

Samples: Agreement (Tembec Inc.)

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Fractional Rights and Fractional Common Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Right Rights Certificates which evidence fractional Rights or to pay any amount to a holder of record of Rights Certificates Rights. After the Separation Time, in lieu of such issuing fractional Rights, the Corporation shall, subject to Section 3.1(b), deliver Rights Certificates representing the number of Rights to which each Holder is entitled, rounded down to the nearest whole Right and shall not be required to deliver any certificate or cash in lieu thereof in respect of any fractions of Rights.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Tanzanian Gold Corp)

Fractional Rights and Fractional Common Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Right Rights Certificates which that evidence fractional Rights Rights. Any fractional Right will be null and void and the Corporation will not have any obligation or to pay any amount to a holder of record of Rights Certificates liability in lieu of such fractional Rightsrespect thereof.

Appears in 1 contract

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

Fractional Rights and Fractional Common Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Right Certificates which evidence fractional Rights or to pay any amount to a holder of record of Rights Certificates in Rights. In lieu of issuing fractional Rights, the Corporation shall pay, or cause to be paid, to the registered holders of the Right Certificates, after the Separation Time and when such fractional RightsRights would otherwise be issuable, an amount in cash equal to the same fraction of the Market Price of one whole Right that the fraction of a Right that would otherwise be issuable is of one whole Right.

Appears in 1 contract

Samples: Rights Agreement (Placer Dome Inc)

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