Common use of Ranking of Shares and Warrants Clause in Contracts

Ranking of Shares and Warrants. (a) Each Share received by the Financier or the Financier’s nominee on the exercise of a Warrant issued to the Financier or its nominee (as applicable) under this clause 14 ranks in all respects pari passu with the other then existing issued Shares, but will not in the case of the exercise of a Warrant carry any rights to any dividends or other distributions declared or paid or made on the Shares before the date that Warrant is exercised.

Appears in 1 contract

Samples: Second Amendment (Neutron Energy, Inc.)

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Ranking of Shares and Warrants. (a) Each Share received by the a Financier or the Financier’s nominee Affiliate, either under clause 7.2 or on the exercise of a Warrant issued to the a Financier or its nominee Affiliate (as applicable) under this clause 14 8, ranks in all respects pari passu with the other then existing issued Shares, but will not in the case of the exercise of a Warrant carry any rights to any dividends or other distributions declared or paid or made on the Shares before the date that Warrant is exercised.

Appears in 1 contract

Samples: Substitution Agreement (Apollo Gold Corp)

Ranking of Shares and Warrants. (a) Each Share received by the a Financier or the Financier’s nominee Affiliate on the exercise of a Warrant issued to the a Financier or its nominee Affiliate (as applicable) under this clause 14 7, ranks in all respects pari passu with the other then existing issued Shares, but will not in the case of the exercise of a Warrant carry any rights to any dividends or other distributions declared or paid or made on the Shares before the date that Warrant is exercised.

Appears in 1 contract

Samples: Assumption Agreement (Apollo Gold Corp)

Ranking of Shares and Warrants. (a) Each Share received by the Financier or the Financier’s nominee on the exercise of a Warrant issued to the Financier or its nominee (as applicable) under this clause 14 7 ranks in all respects pari passu with the other then existing issued Shares, but will not in the case of the exercise of a Warrant carry any rights to any dividends or other distributions declared or paid or made on the Shares before the date that Warrant is exercised.

Appears in 1 contract

Samples: Facility Agreement (Neutron Energy, Inc.)

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Ranking of Shares and Warrants. (a) Each Share received by the Financier or the Financier’s nominee Warrant Holder on the exercise of a Warrant issued to the Financier or its nominee (as applicable) Warrant Holder under this clause 14 7, ranks in all respects pari passu with the other then existing issued Shares, but will not in the case of the exercise of a Warrant carry any rights to any dividends or other distributions declared or paid or made on the Shares before the date that Warrant is exercised.

Appears in 1 contract

Samples: Facility Agreement (Ur-Energy Inc)

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