Common use of IN EVENT Clause in Contracts

IN EVENT. 3.1 Subject to adjustment pursuant to Article 2 and the redemption and waiver provisions of Section 5.1 and except as provided below, if prior to the Expiration Time a Flip-in Event occurs, each Right will thereafter constitute, effective at the Close of Business on the 10th Business Day after the relevant Stock Acquisition Date, the right to purchase from the Corporation, upon exercise thereof in accordance with the terms hereof, that number of Common Shares of the Corporation 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 2.9 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 2.9 occurs with respect to such Common Shares).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Glamis Gold LTD)

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IN EVENT. 3.1 (a) Subject to adjustment pursuant to Article 2 subsection 4.1(b) and the redemption and waiver provisions of Section 5.1 and except as provided belowsection 6.1, if prior to the Expiration Time a Flip-in Event occurs, each Right will thereafter constitute, effective at on and after the Close later of Business its date of issue and the close of business on the 10th Business tenth Trading Day after following the relevant Stock Acquisition Date, the right to purchase from the Corporation, upon exercise thereof payment of the relevant Exercise Price and otherwise exercising such Right in accordance with the terms hereof, that number of Common Shares (rounded down to the nearest whole number of the Corporation 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 adjustments provided for in Section 2.9 in the event thatsection 3.2 if, after such date of consummation or occurrence, an event of a type analogous to any of the events described in Section 2.9 occurs section 3.2 has occurred with respect to such the Common SharesShare).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Sand Technology Inc)

IN EVENT. 3.1 (a) Subject to adjustment pursuant to Article 2 subsection 4.1(b) and the redemption sections 6.1 and waiver provisions of Section 5.1 and except as provided below6.2, if prior to the Expiration Time a Flip-in Event occursshall occur, each Right will thereafter shall constitute, effective at on and after the Close later of Business its date of issue and the close of business on the 10th Business eighth Trading Day after following the relevant Stock Acquisition Date, the right to purchase from the Corporation, upon exercise thereof payment of the Exercise Price and otherwise exercising such Right in accordance with the terms hereof, that number of Common Shares of the Corporation 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 adjustments provided for in Section 2.9 in section 3.2 upon each occurrence after the Stock Acquisition Date of any event that, after such date of consummation or occurrence, an event of a type analogous to any of the events described in Section 2.9 occurs with respect to such Common Sharessection 3.2).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Goldcorp Inc)

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IN EVENT. 3.1 (a) Subject to adjustment pursuant to Article 2 subsection 4.1(b) and the redemption subsections 6.1(b) and waiver provisions of Section 5.1 and except as provided below(c), if prior to the Expiration Time a Flip-in Event occursshall occur, each Right will thereafter shall constitute, effective at on and after the Close later of Business its date of issue and the close of business on the 10th Business eighth Trading Day after following the relevant Stock Acquisition Date, the right to purchase from the Corporation, upon exercise thereof payment of the Exercise Price and otherwise exercising such Right in accordance with the terms hereof, that number of Common Shares of the Corporation 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 adjustments provided for in Section 2.9 in section 3.2 upon each occurrence after the Stock Acquisition Date of any event that, after such date of consummation or occurrence, an event of a type analogous to any of the events described in Section 2.9 occurs with respect to such Common Sharessection 3.2).

Appears in 1 contract

Samples: Arrangement Agreement (Goldcorp Inc)

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