Common use of Partial Exercise of Warrants; Fractions Clause in Contracts

Partial Exercise of Warrants; Fractions. 3.8.1 The holder of any Warrants may exercise his, her or its right to acquire a number of whole Warrant Shares less than the aggregate number which the holder is entitled to acquire. In the event of any exercise of a number of Warrants less than the number which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. 3.8.2 Notwithstanding anything herein contained including any adjustment provided for in Article 4, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Warrant Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Warrant Shares.

Appears in 1 contract

Sources: Warrant Indenture

Partial Exercise of Warrants; Fractions. 3.8.1 (1) The holder of any Warrants may exercise his, her or /her/its right to acquire a number of whole Warrant Common Shares less than the aggregate number which the holder is entitled to acquire. In the event of any exercise of a number of Warrants less than the number which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. 3.8.2 (2) Notwithstanding anything herein contained including any adjustment provided for provisions contained in Article 4the Warrant Indenture, the Corporation Company shall not be required, upon the exercise of any Warrants, to issue fractions of Warrant Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Warrant Common Shares.

Appears in 1 contract

Sources: Warrant Indenture (Sandstorm Gold LTD)

Partial Exercise of Warrants; Fractions. 3.8.1 (1) The holder of any Warrants may exercise his, her or its his right to acquire a number of whole Warrant Common Shares that is less than the aggregate number which the holder is entitled to acquire. In the event of any exercise of a number of Warrants that is less than the number which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legendlegends, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. 3.8.2 (2) Notwithstanding anything herein contained contained, including any adjustment provided for in Article 4, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Warrant Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Warrant Common Shares. Any subscription for fractional Common Shares will be deemed to be a subscription for the closest whole number of Common Shares rounding down, and no cash or other consideration will be paid in lieu of fractional shares.

Appears in 1 contract

Sources: Warrant Indenture (Nobilis Health Corp.)

Partial Exercise of Warrants; Fractions. 3.8.1 (1) The holder of any Warrants may exercise his, her or its his right to acquire a number of whole Warrant Ordinary Shares less than the aggregate number which the holder is entitled to acquire. In the event of any exercise of a number of Warrants less than the number which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. 3.8.2 (2) Notwithstanding anything herein contained including any adjustment provided for in Article 4Section 4.1, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Warrant Ordinary Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Warrant Ordinary Shares. Any subscription for fractional Ordinary Shares will be deemed to be a subscription for the closest whole number of Ordinary Shares rounding down, and no cash or other consideration will be paid in lieu of fractional shares.

Appears in 1 contract

Sources: Warrant Indenture

Partial Exercise of Warrants; Fractions. 3.8.1 ‎ (1) The holder of any Warrants may exercise his, his or her or its right to acquire a number of whole Warrant Shares less ‎less than the aggregate number which the holder is entitled to acquire. In the event of any exercise ‎exercise of a number of Warrants that is less than the number which the holder is entitled to exercise‎exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without ‎without charge therefor, a new Warrant Certificate(s), bearing the same legendlegends, if applicable, or other ‎other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder ‎holder and which were not then exercised.exercised.‎ 3.8.2 (2) Notwithstanding anything herein contained including any adjustment provided for in Article 4, the Corporation ‎Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Warrant ‎Warrant Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers ‎of Warrant Shares. Any subscription for fractional Warrant Shares will be deemed to be a ‎subscription for the closest whole number of Warrant Shares.Shares and shall be rounded down, and no ‎cash or other consideration will be paid in lieu of fractional shares.‎

Appears in 1 contract

Sources: Warrant Indenture (Vizsla Silver Corp.)

Partial Exercise of Warrants; Fractions. 3.8.1 (1) The holder of any Warrants may exercise his, her or its his right to acquire a number of whole Warrant Common Shares less than the aggregate number which the holder is entitled to acquire. In the event of any exercise of a number of Warrants less than the number which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. 3.8.2 (2) Notwithstanding anything herein contained including any adjustment provided for in Article 4Section 4.1, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Warrant Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Warrant Common Shares. If any fraction of a Common Shares would otherwise be issuable, the number of Common Shares so issued shall be rounded down to the nearest whole Common Share and the holder shall not be entitled to any compensation.

Appears in 1 contract

Sources: Warrant Indenture (HIVE Blockchain Technologies Ltd.)