Lorus definition

Lorus means Lorus Therapeutics Inc.;
Lorus or the “Corporation”) proposes to issue and sell 12,730,000 common shares of the Corporation (the “Purchased Securities”) at a price of $0.55 per share (the “Purchase Price”). The offering of the Purchased Securities is hereby referred to as the “Offering”. Based on the foregoing, and subject to the terms and conditions contained in this Agreement, the Underwriters severally, on the basis of the percentages set forth in Paragraph 15 of this Agreement and not jointly, agree to purchase from the Corporation, and by its acceptance hereof, the Corporation agrees to issue and sell to the Underwriters, the Purchased Securities, respectively, on the Closing Date (as defined below). By acceptance of this Agreement, the Corporation grants to the Underwriters a one-time, unassignable right to purchase (the “Option”) that number of common shares that is equal to 15% of the total number of Purchased Securities sold to the Underwriters (the “Additional Securities”). If Clarus and Canaccord, acting jointly on behalf of the Underwriters, elect to exercise such Option, Clarus and Canaccord shall notify the Corporation in writing not later than 30 days after the Closing Date, which notice shall specify the number of Additional Securities to be purchased by the Underwriters and the date on which such Additional Securities are to be purchased. Such date may be the same as the Closing Date but not earlier than the Closing Date nor later than five Business Days after the date of such notice (the “Option Closing Date”). Additional Securities may be purchased solely for the purpose of covering overallotments made in connection with the offering of the Purchased Securities for market stabilization purposes permitted pursuant to applicable securities law. If any Additional Securities are purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Additional Securities (subject to such adjustments to eliminate fractional shares as Clarus and Canaccord may determine) based on the percentages set forth in Paragraph 15 of this Agreement. The Purchased Securities and the Additional Securities are hereinafter collectively referred to as the “Securities”. In consideration of the Underwriters’ agreement to purchase the Purchased Securities which will result from the acceptance by the Corporation of this offer and in consideration of the services to be rendered by the Underwriters in connection therewith, the Corporation agrees to pay to the Underwriters a fee ...
Lorus brand owned by SC, which is licensed by SC to SII International under the terms of the SC License Agreement. "Manufacturing, Supply and Purchase Agreement" means the Manufacturing, Supply and Purchase Agreement, to be dated as of the Closing, by and between SII and SII International, substantially in the form attached as Exhibit G hereto.

Examples of Lorus in a sentence

  • The Company continued the business of Old Lorus after the Arrangement Date with the same officers and employees and continued to be governed by the same directors as Old Lorus prior to the Arrangement Date.

  • As part of the Arrangement, all of the assets and liabilities of Old Lorus (including all of the shares of its subsidiaries held by it), with the exception of certain future tax assets were transferred, directly or indirectly, from Old Lorus to the Company.

  • As a result of the plan of arrangement and reorganization, among other things, each common share of Old Lorus was exchanged for one common share of the Company and the assets (excluding certain future tax attributes and related valuation allowance) and liabilities of Old Lorus (including all of the shares of its subsidiaries held by it) were transferred, directly or indirectly, to the Company and/or its subsidiaries.

  • Those tax attributes remaining with Old Lorus are no longer available to the Company.

  • Lorus' strategy is to continue the development of our product pipeline using several therapeutic approaches.

  • On July 10, 2007 (the “Arrangement Date”), the Company (or “New Lorus”) completed a plan of arrangement and corporate reorganization with, among others, 4325231 Canada Inc., formerly Lorus Therapeutics Inc.

  • In the event that the holder does not convert the debentures, Lorus has an obligation to repay the $15.0 million in cash.

  • Securityholders in Old Lorus exchanged their securities in Old Lorus for equivalent securities in New Lorus (the "Exchange") and the board of directors and management of Old Lorus continued as the board of directors and management of New Lorus.

  • Shareholders of New Lorus who were residents of the United States received a nominal cash payment in lieu of their pro-rata share of voting common shares of Old Lorus.

  • The remaining 59% of the voting common shares of Old Lorus were distributed to the shareholders of New Lorus who were not residents of the United States on a pro-rata basis.


More Definitions of Lorus

Lorus in the GSA shall mean a reference to the Assignee, except to the extent the context requires otherwise.
Lorus brand licensed by Seiko Corporation to SMI under the SC License Agreement.

Related to Lorus

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  • We/Our/Us means the Underwriters named in the Schedule.

  • Warden means the Warden In-charge of Hall of Residence VIII and includes other Wardens of the said Hall.

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  • Elan means Elan Corp and its Affiliates.

  • Drone means an unmanned aerial vehicle or UAV, being an aircraft of any size that operates without a pilot on board.

  • EMMA means the Electronic Municipal Market Access system as described in 1934 Act Release No. 59062 and maintained by the MSRB for purposes of the Rule.

  • AHPRA means The Australian Health Practitioner Regulation Agency. AHPRA is responsible for regulating Australia’s registered health practitioners.

  • Façade means the principal front or fronts of a building.

  • Odyssey means Odyssey Trust Company.

  • SCO , which means secure for all-cargo and all-mail aircraft only, or

  • Supply Chain Management All aspects of supply chain management, from the initial sourcing phase through customer delivery (e.g., procurement, sourcing management, inventory management, catalog management, ordering/purchasing, invoice tracking, storefront/shopping cart, warehouse management, returns management, logistics/transportation).

  • SA means the booklet that describes the Health Care Coverage provided to Enrolled Members. The Subscriber Agreement(s) applicable to the initial Rating Period are listed in Section III.

  • SADC means the Southern African Development Community;

  • EG means the Enforcement Guide;

  • CJI means criminal justice information collected by criminal justice agencies needed for the performance of their authorized functions, including, without limitation, all information defined as criminal justice information by the U.S. Department of Justice, Federal Bureau of Investigation, Criminal Justice Information Services Security Policy, as amended and all Criminal Justice Records as defined under §24-72-302, C.R.S.

  • Accenture means the Accenture entity that is a party to the Agreement and its Affiliates (collectively, “Accenture”).

  • DAG means the United States department of agriculture.

  • SBS means the New York City Department of Small Business Services.

  • MOHLTC means the Minister or the Ministry of Health and Long-Term Care, as the context requires;

  • SG shall have the meaning assigned to such term in the preamble to this Agreement.

  • Spectrum means frequencies of electromagnetic spectrum used to provide fixed or mobile communications services as licensed or authorized by the FCC.

  • CS means the New York State Department of Civil Service. “DOB” shall mean New York State Division of the Budget. “EEO” shall mean Equal Employment Opportunity.

  • SUVA means Specific Ultraviolet Absorption at 254 nanometers (nm), an indicator of the humic content of a water. It is calculated by dividing a sample’s ultraviolet absorption at a wavelength of 254 nm (UV254) (in m-1) by its concentration of dissolved organic carbon (DOC) (in mg/L).

  • PCC means the Particular Conditions of Contract;