Common use of IN EVENT Clause in Contracts

IN EVENT. (a) Subject to Subsection 3.1(b) and Sections 5.1 and 5.2, in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall constitute, effective from and after the Close of Business on the tenth Trading Day following the Stock Acquisition Date, the right to purchase from the Corporation, upon exercise thereof in accordance with the terms hereof, that number of Common Shares having an aggregate Market Price on the date of consummation or occurrence of such Flip-in Event equal to twice the Exercise Price for an amount in cash equal to the Exercise Price (such right to be appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that after such date of consummation or occurrence an event of a type analogous to any of the events described in Section 2.3 shall have occurred with respect to such Common Shares).

Appears in 3 contracts

Samples: Shareholder Protection Rights Agreement (Geac Computer Corp LTD), Shareholder Rights Plan Agreement (Agrium Inc), Shareholder Protection Rights Agreement (Geac Computer Corp LTD)

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IN EVENT. (a) Subject to Subsection subsection 3.1(b) and Sections 5.1 and section 5.2, in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall constitute, effective from and after the Close later of Business its date of issue and at the close of business on the tenth Trading Day following after the Stock Acquisition Date, the right to purchase from the Corporation, upon exercise thereof in accordance with the terms hereof, that number of Common Shares having an aggregate Market Price on the date of consummation or occurrence of such Flip-in Event equal to twice the Exercise Price for an amount in cash equal to the Exercise Price (such right to be appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 section 2.3, without duplication, in the event that after such date of consummation or occurrence occurrence, an event of a type analogous to any of the events described in Section section 2.3 shall have occurred with respect to such Common Shares).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Olympus Pacific Minerals Inc)

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