Common use of Flip-in Event Clause in Contracts

Flip-in Event. (1) Subject to Section 3.1(2) below, and Sections 5.1(2), (3) and (4) hereof, in the event that prior to the Expiration Time a Flip-in Event shall occur, the Corporation shall take such action as may be necessary to ensure and provide within eight (8) Business Days of such occurrence, or such longer period as may be required to satisfy all applicable requirements of the Securities Act (Ontario), and the securities legislation of each other province of Canada that, except as provided below, each Right shall thereafter constitute 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 the 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 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 5 contracts

Samples: Shareholder Protection Rights Plan Agreement (Cae Inc), Shareholder Protection Rights Plan Agreement (Cae Inc), Shareholder Protection Rights Plan Agreement (Intertape Polymer Group Inc)

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Flip-in Event. (1) Subject to Section 3.1(2) below, and Sections 5.1(2), (3) and ), (4) or (5) hereof, in the event that prior to the Expiration Time a Flip-in Event shall occur, the Corporation shall take such action as may be necessary to ensure and provide within eight ten (8) Business 10) Trading Days of such occurrencethe Share Acquisition Date, or such longer period as may be required to satisfy all applicable requirements of the Securities Act (Ontario)Act, and the securities legislation of each other province of Canada that, except as provided below, each Right shall thereafter constitute the right to purchase from the Corporation upon exercise thereof in accordance with the terms hereof that number of Common Shares of the Corporation Corporation, having an aggregate Market Price on the date of the 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 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 (North American Palladium LTD), Shareholder Rights Plan Agreement (Baja Mining Corp.), Shareholder Rights Plan Agreement (Baja Mining Corp.)

Flip-in Event. (1a) Subject to Section 3.1(2) below, and Sections 5.1(2subsections 3.1(b), (35.1(b), 5.1(c) and (45.1(d) hereof, in the event that prior to the Expiration Time a Flip-in Event shall occur, the Corporation shall take such action as may shall be necessary to ensure and provide provide, within eight (8) 10 Business Days of such occurrence, thereafter or such longer period as may be required to satisfy all applicable the requirements of the Securities Act (Ontario), and the applicable securities acts or comparable legislation of each other province of Canada so that, except as provided below, each Right shall thereafter constitute the right to purchase from the Corporation Corporation, upon exercise thereof in accordance with the terms hereof hereof, that number of Common Shares of the Corporation having 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 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: Shareholder Rights Plan Agreement (Pembina Pipeline Corp), Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (ENERPLUS Corp)

Flip-in Event. (1) Subject to Section 3.1(2) below, and Sections 5.1(2), (3) and (4) hereof, in the event that prior to the Expiration Time a Flip-in Event shall occur, the Corporation shall take such action as may be necessary to ensure and provide within eight (8) Business Days of such occurrence, or such longer period as may be required to satisfy all applicable requirements of the Securities Act (OntarioBritish Columbia), and the securities legislation of each other province of Canada that, except as provided below, each Right shall thereafter constitute 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 the 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 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 (Great Panther Silver LTD), Shareholder Rights Plan Agreement (Great Panther Resources LTD), Shareholder Protection Rights Plan Agreement (Tournigan Energy Ltd.)

Flip-in Event. (1) Subject to Section 3.1(2) below, and Sections 5.1(2), (3) and (4) hereof, in the event that prior to the Expiration Time a Flip-in Event shall occur, the Corporation shall take such action as may be necessary to ensure and provide within eight ten (8) 10) Business Days of such occurrencethe Stock Acquisition Date, or such longer period as may be required to satisfy all applicable requirements of the Securities Act (OntarioBritish Columbia), and the securities legislation of each other province of Canada that, except as provided below, each Right shall thereafter constitute 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 the 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 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 (GREAT PANTHER MINING LTD), Shareholder Rights Plan Agreement (Great Panther Silver LTD), Shareholder Rights Plan Agreement

Flip-in Event. (1) Subject to Section 3.1(2) below, and Sections 5.1(2), (3) and (4) hereof, in the event that prior to the Expiration Time a Flip-in Event shall occur, the Corporation shall take such action as may be necessary to ensure and provide within eight ten (8) 10) Business Days of such occurrence, or such longer period as may be required to satisfy all applicable requirements of the Securities Act (Ontario), and the securities legislation of each other province of Canada that, except as provided below, each Right shall thereafter constitute 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 the 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 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: Protection Rights Plan Agreement, Protection Rights Plan Agreement

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Flip-in Event. (1a) Subject to Section 3.1(2) below, and Sections 5.1(2subsections 3.1(b), (35.1(b), 5.1(c) and (4) 5.1(d), hereof, in the event that prior to the Expiration Time a Flip-in Event shall occur, the Corporation shall take such action as may shall be necessary to ensure and provide provide, within eight (8) 10 Business Days of such occurrence, thereafter or such longer period as may be required to satisfy all applicable the requirements of the Securities Act (Ontario), and the applicable securities acts or comparable legislation of each other province of Canada so that, except as provided below, each Right shall thereafter constitute the right to purchase from the Corporation Corporation, upon exercise thereof in accordance with the terms hereof hereof, that number of Common Shares of the Corporation having 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 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 2 contracts

Samples: Shareholder Rights Plan Agreement (Open Text Corp), Shareholder Rights Plan Agreement (Open Text Corp)

Flip-in Event. (1) Subject to Section 3.1(2) below, and Sections 5.1(2), (3) and (4) hereof, in the event that prior to the Expiration Time a Flip-in Event shall occur, the Corporation shall take such action as may be necessary to ensure and provide within eight (8) Business Days of such occurrence, or such longer period as may be required to satisfy all applicable requirements of the Securities Act SECURITIES ACT (Ontario), and the securities legislation of each other province of Canada that, except as provided below, each Right shall thereafter constitute 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 the 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 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 Protection Rights Plan Agreement (Cae Inc), Agreement (Cae Inc)

Flip-in Event. (1) Subject to Section 3.1(2) below, and Sections 5.1(2), (3) and ), (4) or (5) hereof, in the event that prior to the Expiration Time a Flip-in Event shall occur, the Corporation shall take such action as may be necessary to ensure and provide within eight ten (8) Business 10) Trading Days of such occurrencethe Share Acquisition Date, or such longer period as may be required to satisfy all applicable requirements of the Securities Act (Ontario)Act, and the securities legislation of each other province Province of Canada Ontario that, except as provided below, each Right shall thereafter constitute the right to purchase from the Corporation upon exercise thereof in accordance with the terms hereof that number of Common Shares of the Corporation Corporation, having an aggregate Market Price on the date of the 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 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

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