Common use of Flip-in Event Clause in Contracts

Flip-in Event. (a) Subject to the provisions of Subsection 3.1(b) and Section 5.1 hereof, if prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective at the Close of Business on the tenth 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 2.3 hereof 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 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 6 contracts

Samples: Rights Agreement, Shareholder Rights Plan Agreement (Taseko Mines LTD), Shareholder Rights Plan Agreement (Taseko Mines LTD)

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Flip-in Event. (a) Subject to the provisions of Subsection 3.1(b) and Section 5.1 hereof, if prior to the Expiration Time a Flip-in Event shall occuroccurs, each Right shall thereafter constitute, effective at the Close of Business on the tenth 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 2.3 hereof 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 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 4 contracts

Samples: Rights Agreement, Rights Agreement (Trillium Therapeutics Inc.), Rights Agreement

Flip-in Event. (a) Subject to the provisions of Subsection 3.1(b) and Section 5.1 hereof5.2, if in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective from and after the later of its date of issue and at the Close close of Business business on the tenth Business Trading 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 2.3 hereof 2.3, without duplication, in the event that, that after such date of consummation or occurrence, an event of a type analogous to any of the events described in Section 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 4 contracts

Samples: Shareholder Rights Plan Agreement (Mag Silver Corp), Shareholder Rights Plan Agreement (Mag Silver Corp), Shareholder Rights Plan Agreement (Jaguar Mining Inc)

Flip-in Event. (a) Subject to the provisions of Subsection 3.1(b) Section 2.2 and Section 5.1 hereofhereof and except as provided below, if prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective at the Close of Business on the tenth 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 2.3 hereof 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 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 3 contracts

Samples: Shareholder Rights Plan Agreement (Sandstorm Gold LTD), Shareholder Rights Plan Agreement (New Gold Inc. /FI), Shareholder Rights Plan Agreement (New Gold Inc. /FI)

Flip-in Event. (a) Subject to the provisions of Subsection subsection 3.1(b) and Section 5.1 hereof5.1, if in the event that prior to the Expiration Time a Flip-in Event shall occuroccurs, each Right shall thereafter constitute, effective at from and after the Close of Business on the tenth Business Trading Day after following the relevant Stock Share 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 as have an aggregate Market Price on the date of the 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 2.3 hereof in the event thatif, after such date of consummation or occurrence, an event of a type analogous to any of the events described in Section 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 3 contracts

Samples: Shareholder Rights Plan Agreement (ImmunoPrecise Antibodies Ltd.), Shareholder Rights Plan Agreement (Aurora Cannabis Inc), Shareholder Rights Plan Agreement

Flip-in Event. (a) Subject to the provisions of Subsection 3.1(b) and Section 5.1 hereof5.1, if in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective from and after the later of its date of issue and at the Close close of Business business on the tenth Business second Trading 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 2.3 hereof 2.3, without duplication, in the event that, that after such date of consummation or occurrence, an event of a type analogous to any of the events described in Section 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 2 contracts

Samples: Shareholder Rights Plan Agreement (Americas Silver Corp), Shareholder Rights Plan Agreement (Americas Silver Corp)

Flip-in Event. (a) Subject to the provisions of Subsection 3.1(b) and Section 5.1 hereofand to the other provisions of this Agreement regarding exercise of Rights, if prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective at the Close close of Business business on the tenth Business Trading Day after the relevant Stock Acquisition Date, the right to purchase from the CorporationCrosshair, upon exercise thereof of the Right in accordance with the terms hereofof this Agreement, 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 2.3 hereof in the event that, that after such date of the consummation or occurrenceoccurrence of such event, an event of a type analogous to any of the events described in Section 2.3 hereof shall have occurred with respect to such Common Sharesoccurred).;

Appears in 2 contracts

Samples: Shareholder Rights Plan Agreement (Crosshair Exploration & Mining Corp), Shareholder Rights Plan Agreement (Crosshair Exploration & Mining Corp)

Flip-in Event. (a) Subject to the provisions of Subsection Section 3.1(b) and Section 5.1 hereofSubsections 5.1(d) and 5.1(e), and except as provided below, if prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective at the Close of Business on the tenth Business Day 10th 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 Right to be appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that, after such date of consummation or occurrence, or event, an event of a type analogous to any of the events described in Section 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 2 contracts

Samples: Shareholder Protection Rights Agreement (Salix Pharmaceuticals LTD), Shareholder Protection Rights Agreement (Salix Pharmaceuticals LTD)

Flip-in Event. (a) Subject to the provisions of Subsection subsection 3.1(b) and Section 5.1 hereofsection 5.2, if in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective from and after the later of its date of issue and at the Close close of Business business on the tenth Business Trading 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 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 provided for in Section 2.3 hereof section 2.3, without duplication, in the event that, that after such date of consummation or occurrence, an event of a type analogous to any of the events described in Section section 2.3 hereof shall have occurred with respect to such Common Sharescommon shares).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

Flip-in Event. (a) Subject to the provisions of Subsection subsection 3.1(b) and Section 5.1 hereof, if prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective at the Close of Business on the tenth 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 2.3 hereof 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 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Atlantic Power Corp)

Flip-in Event. (a) Subject to the provisions of Subsection subsection 3.1(b) and Section 5.1 hereofsection 5.2, if in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective from and after the later of its date of issue and at the Close close of Business business on the tenth Business Trading 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 2.3 hereof section 2.3, without duplication, in the event that, that after such date of consummation or occurrence, an event of a type analogous to any of the events described in Section section 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Olympus Pacific Minerals Inc)

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Flip-in Event. (a) Subject to the provisions of Subsection 3.1(b) and Section 5.1 hereof5.2, if in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective from and after the later of its date of issue and at the Close close of Business business on the tenth Business second Trading 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 2.3 hereof 2.3, without duplication, in the event that, that after such date of consummation or occurrence, an event of a type analogous to any of the events described in Section 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Jaguar Mining Inc)

Flip-in Event. (a) Subject to the provisions of Subsection 3.1(b) Section 2.2 and Section 5.1 hereofhereof and except as provided below, if prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective at the Close of Business on the tenth Business Day after the relevant Stock Acquisition Date, the right to purchase from the CorporationCompany, upon exercise thereof in accordance with the terms hereof, that number of Common Shares of the Corporation Company 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 2.3 hereof 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 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 1 contract

Samples: Shareholder Rights Plan (NexGen Energy Ltd.)

Flip-in Event. (a) Subject to the provisions of Subsection 3.1(b) and Section 5.1 hereof5.2, if in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective at from and after the Close later of Business its date of issue and the close of business on the tenth Business second Trading 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 2.3 hereof 2.3, without duplication, in the event that, that after such date of consummation or occurrence, an event of a type analogous to any of the events described in Section 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Augusta Resource CORP)

Flip-in Event. (a) Subject to the provisions of Subsection 3.1(bSection 2.2 and subsections 5.1(b), (c) and Section 5.1 hereof(d) hereof and except as provided below, if prior to the Expiration Time a Flip-in Event shall occur, each Right shall thereafter constitute, effective at the Close of Business on the tenth 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 2.3 hereof 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 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 1 contract

Samples: Rights Agreement (Revett Minerals Inc.)

Flip-in Event. (a) Subject to the provisions of Subsection Section 3.1(b) and Section 5.1 hereofSubsections 5.1(d) and 5.1(e), and except as provided below, if prior to the Expiration Time a Flip-in In Event shall occur, each Right shall thereafter constitute, effective at the Close of Business on the tenth Business Day 10th day after the relevant Stock Acquisition Date, the right to purchase from the CorporationFund, upon exercise thereof in accordance with the terms hereof, that number of Common Shares of the Corporation Units having an aggregate Market Price on the date of consummation or occurrence of such Flip-in In Event equal to twice the Exercise Price for an amount in cash equal to the Exercise Price (such right Right to be appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 hereof in the event that, after such date of consummation or occurrence, or event, an event of a type analogous to any of the events described in Section 2.3 hereof shall have occurred with respect to such Common SharesUnits).

Appears in 1 contract

Samples: Unitholder Protection Rights Agreement (Strategic Energy Fund)

Flip-in Event. (a) Subject to the provisions of Subsection 3.1(bSection 3.2 and Subsections 5.1(d) and Section 5.1 hereof5.1(e), if in the event that prior to the Expiration Time a Flip-in Event shall occuroccurs, each Right shall thereafter constitute, effective at from and after the Close of Business on the tenth Business Day after day following 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 2.3 hereof 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 2.3 hereof shall have occurred with respect to such Common Shares).

Appears in 1 contract

Samples: Shareholder Rights Agreement (Genetronics Biomedical LTD)

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