Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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 69 contracts
Samples: Shareholder Rights Plan Agreement (Dirtt Environmental Solutions LTD), Shareholder Rights Plan Agreement (Bitfarms LTD), Shareholder Rights Plan Agreement (Bitfarms LTD)
Fractional Rights and Fractional Shares. (a) The Corporation Company shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation Company shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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 24 contracts
Samples: Shareholder Rights Plan Agreement (Taseko Mines LTD), Shareholder Rights Plan Agreement (Tricon Residential Inc.), Shareholder Rights Plan Agreement (Northern Dynasty Minerals LTD)
Fractional Rights and Fractional Shares. (a) The Corporation TransAlta shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation TransAlta shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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 11 contracts
Samples: Shareholder Rights Plan Agreement (Transalta Corp), Shareholder Rights Plan Agreement (Transalta Corp), Shareholder Rights Plan Agreement
Fractional Rights and Fractional Shares. (a) The Corporation shall will not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in In lieu of issuing such fractional Rights, the Corporation shall pay there will be paid to the registered holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time which such fractional Rights Right would otherwise be issuable), an amount in cash equal to the fraction of the Market Price of one a whole Right that the fraction of a Right that which would otherwise be issuable is of one whole Right.
Appears in 9 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which that evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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 8 contracts
Samples: Shareholder Rights Plan Agreement (PRECISION DRILLING Corp), Shareholder Rights Plan Agreement (PRECISION DRILLING Corp), Shareholder Rights Plan Agreement
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation TimeTime there shall be paid, in lieu of issuing such fractional Rights, the Corporation shall pay to the registered holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time such which fractional Rights 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 7 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Interoil Corp), Shareholder Rights Plan Agreement (Southwestern Resources Corp)
Fractional Rights and Fractional Shares. (a) The Corporation Company shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation Company shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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, provided that the Company shall not be required or obligated to make any payment provided for above unless the amount payable by the Company to a certain holder exceeds $10.
Appears in 7 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Ritchie Bros Auctioneers Inc), Shareholder Rights Plan Agreement (Macdonald Dettwiler & Associates LTD)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders Holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection subsection 3.1(b), ) at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the same fraction of the Market Price of one whole Right that the fraction in lieu of a Right that would otherwise be issuable is of one whole Rightsuch fractional Rights.
Appears in 7 contracts
Samples: Shareholder Rights Plan Agreement (International Tower Hill Mines LTD), Shareholder Rights Plan Agreement (Platinum Group Metals LTD), Shareholder Rights Plan Agreement (Extorre Gold Mines LTD)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders Holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), ) at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the same fraction of the Market Price of one whole Right that the fraction in lieu of a Right that would otherwise be issuable is of one whole Rightsuch fractional Rights.
Appears in 7 contracts
Samples: Shareholder Rights Plan Agreement (Keegan Resources Inc.), Shareholder Rights Plan Agreement (Nevsun Resources LTD), Shareholder Rights Plan Agreement (Jaguar Mining Inc)
Fractional Rights and Fractional Shares. (a) The Corporation Company shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation Company shall pay to the holders Holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), ) at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the same fraction of the Market Price of one whole Right that the fraction in lieu of a Right that would otherwise be issuable is of one whole Rightsuch fractional Rights.
Appears in 7 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Western Copper & Gold Corp), Shareholder Rights Plan Agreement (Pacific Rim Mining Corp)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay shall, subject to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection Section 3.1(b), at deliver Rights Certificates representing the time such fractional number of Rights would otherwise be issuable)to which each Holder is entitled, an amount in cash equal rounded down to the fraction of the Market Price of one nearest whole Right that the fraction and shall not be required to deliver any certificate or cash in lieu thereof in respect of a Right that would otherwise be issuable is any fractions of one whole RightRights.
Appears in 6 contracts
Samples: Shareholder Rights Plan Agreement (Americas Silver Corp), Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Americas Silver Corp)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in In lieu of issuing such fractional Rights, the Corporation there shall pay be paid to the registered holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time which such fractional Rights would otherwise be issuable), an amount in cash equal to the fraction of the Market Price of one a whole Right that the fraction of a Right that which would otherwise be issuable is of one whole RightRight at the date of such issuance.
Appears in 6 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation Time there shall pay be paid to the registered holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time such which fractional Rights would otherwise be issuable), an amount in cash equal to the same fraction of the Market Price of one a whole Right that the fraction in lieu of a Right that would otherwise be issuable is of one whole Rightsuch Fractional Rights.
Appears in 5 contracts
Samples: Shareholder Protection Rights Plan Agreement (AnorMED Inc.), Shareholder rights plan (MIGENIX Inc.), Shareholder Protection Rights Plan Agreement (AnorMED Inc.)
Fractional Rights and Fractional Shares. (a) The Corporation shall will not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation TimeTime there shall be paid, in lieu of issuing such fractional Rights, the Corporation shall pay to the registered holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time such which fractional Rights 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 4 contracts
Samples: Shareholder Rights Plan Agreement (Metallica Resources Inc), Shareholder Rights Plan Agreement (Osi Geospatial Inc.), Shareholder Rights Plan Agreement (Altair International Inc)
Fractional Rights and Fractional Shares. (a1) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(bSection 3.01(2), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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 4 contracts
Samples: Shareholder Rights Agreement, Shareholder Rights Agreement (Alcan Inc), Shareholder Rights Agreement (Novelis Inc.)
Fractional Rights and Fractional Shares. (a) 5.5.1 The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation TimeTime there shall be paid, in lieu of issuing such fractional Rights, the Corporation shall pay to the registered holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time such which fractional Rights 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 4 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Northgate Exploration LTD)
Fractional Rights and Fractional Shares. (a) The Corporation Company shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights (i.e., Rights to acquire less than one one-thousandth of a share of Preferred Stock). If the Company shall determine not to issue such fractional Rights. After the Separation Time, then, in lieu of issuing such fractional Rights, the Corporation there shall pay be paid to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time which such fractional Rights would otherwise be issuable), an amount in cash equal to the same fraction of the Fair Market Price of one whole Right that the fraction Value of a Right that would otherwise be issuable is of one whole Right.
Appears in 3 contracts
Samples: Rights Agreement (Zymetx Inc), Rights Agreement (Sonic Corp), Rights Agreement (Sonic Corp)
Fractional Rights and Fractional Shares. (a) The Corporation Company shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation TimeSeparation, in lieu of issuing such fractional Rights, the Corporation Company shall pay to the registered holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(bparagraph 3.01(b), at the time such fractional Rights would would-otherwise be issuable), an amount in cash equal to the same fraction of the Market Price Value of one a whole Right that the fraction of a Right that would otherwise be issuable is of one whole Right.
Appears in 3 contracts
Samples: Shareholder Rights Agreement (Ipsco Inc), Shareholder Rights Agreement (Ipsco Inc), Shareholder Rights Agreement (Ipsco Inc)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the fraction of the Market Price of one whole Right that the fraction of a Right that would otherwise be issuable is of one whole RightRight at the date of such issuance.
Appears in 3 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing such fractional Rights, the Corporation there shall pay be paid to the registered holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time which such fractional Rights Right would otherwise be issuable), an amount in cash equal to the fraction of the Market Price of one a whole Right that the fraction of a Right that would otherwise be issuable is of one whole Right.
Appears in 3 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (St Laurent Paperboard Inc), Shareholder Rights Plan Agreement (St Laurent Paperboard Inc)
Fractional Rights and Fractional Shares. (a) The Corporation Company shall not be required to issue fractions of Rights or to distribute Rights Right Certificates which evidence fractional Rights (i.e., Rights to acquire less than one one-hundredth of a share of Preferred Stock). If the Company shall determine not to issue such fractional Rights. After the Separation Time, then, in lieu of issuing such fractional Rights, the Corporation there shall pay be paid to the holders of record of the Rights Right Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time which such fractional Rights would otherwise be issuable), an amount in cash equal to the same fraction of the Fair Market Price of one whole Right that the fraction Value of a Right that would otherwise be issuable is of one whole Right.
Appears in 3 contracts
Samples: Rights Agreement (Millers Mutual Fire Insurance Co), Rights Agreement (Inspire Insurance Solutions Inc), Rights Agreement (Inspire Insurance Solutions Inc)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection subsection 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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 2 contracts
Samples: Shareholder Rights Plan Agreement (Talisman Energy Inc), Shareholder Rights Plan Agreement (Talisman Energy Inc)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation Time there shall pay be paid to the registered holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection Section 3.1(b)) with regard to which fractional Rights would otherwise be issuable, at an amount in cash (rounded to the time nearest cent) equal to the same fraction of the Market Price of a whole Right in lieu of such fractional Rights as of the date such fractional Rights would otherwise be issuable), an amount in cash equal to the 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 2 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Tesco Corp)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders Holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), ) at the time such fractional Rights 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 2 contracts
Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Right Certificates which evidence fractional Rights. After the Separation Time, in In lieu of issuing such fractional Rights, the Corporation there shall pay be paid to the registered holders of record of the Rights Right Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time which such fractional Rights would otherwise be issuable), an amount in cash equal to the same fraction of the Market Price of one whole Right that the fraction current market value of a Right that would otherwise be issuable is of one whole Right.. For the purposes of this Section 14(a), the current market
Appears in 2 contracts
Samples: Rights Agreement Rights Agreement (Family Bargain Corp), Rights Agreement Rights Agreement (Family Bargain Corp)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights (or, if the Rights are maintained in Book Entry Form, confirmation of registrations of Rights). After the Separation Time, in In lieu of issuing such fractional Rights, the Corporation there shall pay be paid to the registered holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time which such fractional Rights would otherwise be issuable), an amount in cash equal to the fraction of the Market Price of one a whole Right that the fraction of a Right that which would otherwise be issuable is of one whole RightRight at the date of such issuance.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Theratechnologies Inc.)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection Subclause 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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: Shareholder Rights Plan Agreement (Vermilion Energy Inc.)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in In lieu of issuing such fractional Rights, the Corporation there shall pay be paid to the registered holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time which such fractional Rights would otherwise be issuable), an amount in cash equal to the fraction of the Market Price of one a whole Right that the fraction of a Right that which would otherwise be issuable is of one whole Right.Right at the date of such issuance. Theratechnologies 2019 Shareholder Rights Plan
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Theratechnologies Inc.)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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.. Table of Contents
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Cenovus Energy Inc.)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing issuingAny such fractional Rights, the Corporation CorporationRight shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not notbe null and void pursuant to toand the provisions of Subsection 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the fraction of the Market Price of one whole Right that the fraction of a Right that would otherwise be issuable is of one whole RightRightCorporation will not have any obligation in respect thereof.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders Holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), subsection at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the same fraction of the Market Price of one whole Right that the fraction in lieu of a Right that would otherwise be issuable is of one whole Rightsuch fractional Rights.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Cumberland Resources LTD)
Fractional Rights and Fractional Shares. (a) The Corporation Company shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation Company shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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., provided that the Company shall not be required or obligated to make any payment provided for above unless the amount payable by the Company to a certain holder exceeds $1O.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (ProMIS Neurosciences Inc.)
Fractional Rights and Fractional Shares. (a) The Corporation Company shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation Company shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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, provided that the Company shall not be required or obligated to make any payment provided for above unless the amount payable by the Company to a certain holder exceeds $10.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Silvercrest Mines Inc)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required in any circumstances to issue fractions of Rights or to distribute Rights Certificates (or, if the Rights are maintained in Book Entry Form, confirmation of registrations of Rights) which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay shall, subject to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), pay to the Holders of Rights Certificates at the time such fractional Rights would otherwise be issuable)are exercised as herein provided, an amount in cash equal to the same fraction of the Market Price of one whole Right that the fraction of a Right that which would otherwise be issuable is of one whole Right.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Right Certificates which evidence fractional Rights (i.e., Rights to acquire less than one share of Common Stock). If the Corporation shall determine not to issue such fractional Rights. After the Separation Time, then, in lieu of issuing such fractional Rights, the Corporation there shall pay be paid to the holders of record of the Rights Right Certificates (provided the Rights represented by such Rights Certificates are not void pursuant with regard to the provisions of Subsection 3.1(b), at the time which such fractional Rights would otherwise be issuable), an amount in cash equal to the same fraction of the Fair Market Price of one whole Right that the fraction Value of a Right that would otherwise be issuable is of one whole Right.
Appears in 1 contract
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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.Right.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Fractional Rights and Fractional Shares. (a) The Corporation Company shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights (i.e., Rights to acquire less than one one-hundredth of a share of Preferred Stock). If the Company shall determine not to issue such fractional Rights. After the Separation Time, then, in lieu of issuing such fractional Rights, the Corporation there shall pay be paid to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant Certificates, with regard to the provisions of Subsection 3.1(b), at the time which such fractional Rights would otherwise be issuable), an amount in cash equal to the same fraction of the Fair Market Price of one whole Right that the fraction Value of a Right that would otherwise be issuable is of one whole Right.
Appears in 1 contract
Samples: Rights Agreement (Saks Inc)
Fractional Rights and Fractional Shares. (a) The Corporation shall not be required to issue fractions of Rights or to distribute Rights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation shall pay to the holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection Section 3.1(b), at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the 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: Shareholder Rights Plan Agreement
Fractional Rights and Fractional Shares. (a) The Corporation Company shall not be required to issue fractions of Rights or to distribute Rights distributeRights Certificates which evidence fractional Rights. After the Separation Time, in lieu of issuing fractional Rights, the Corporation Company shall pay to the holders Holders of record of the Rights Certificates (provided the Rights represented by such Rights Certificates are not void pursuant to the provisions of Subsection 3.1(b), ) at the time such fractional Rights would otherwise be issuable), an amount in cash equal to the same fraction of the Market Price of one whole Right that the fraction in lieu of a Right that would otherwise be issuable is of one whole Rightsuch fractional Rights.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Pacific Rim Mining Corp)