Common use of Waiver of Flip-In Events Clause in Contracts

Waiver of Flip-In Events. (a) With the prior consent of the holders of Voting Shares obtained in accordance with Subsection 5.5(b), the Board of Directors may, at any time prior to the occurrence of a Flip-in Event that would occur by reason of an acquisition of Voting Shares otherwise than in the circumstances described in Subsection 5.2(b) or (c), waive the application of Section 3.1 to such Flip-in Event by written notice delivered to the Rights Agent.

Waiver of Flip-In Events. (a) With the prior consent of the holders of Voting Shares obtained in accordance with Subsection 5.5(b5.4(b), the Board of Directors may, at any time prior to the occurrence of a Flip-in Event that would occur by reason of an acquisition of Voting Shares otherwise than in the circumstances described in Subsection 5.2(b) or (c), waive the application of Section 3.1 to such Flip-in Event by written notice delivered to the Rights Agent.

Waiver of Flip-In Events. (a) With the prior consent of the holders of Voting Shares obtained in accordance with Subsection 5.5(b), the Board of Directors may, at At any time prior to the occurrence of a Flip-in Event that would occur by reason of an acquisition of Voting Shares otherwise than in the circumstances described in Subsection 5.2(b) or (c), the Board of Directors acting in good faith may, with the prior consent of the holders of Voting Shares obtained in accordance with Subsection 5.5(b), waive the application of Section 3.1 to such Flip-in Event by written notice delivered to the Rights Agent.