Common use of Flip-in Event Clause in Contracts

Flip-in Event. (a) Subject to the provisions of Section 2.2, Subsection 3.1(b) and Section 5.2, in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall constitute, effective from and after the later of its date of issue and at the close of business on the tenth Trading Day after the Stock Acquisition Date, the right to purchase from the Company, upon exercise thereof in accordance with the terms hereof, that number of 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, without duplication, 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 shall have occurred with respect to such Common Shares).

Appears in 7 contracts

Samples: Shareholder Rights Plan Agreement (Pacific Rim Mining Corp), Shareholder Rights Plan Agreement (Western Copper & Gold Corp), Shareholder Rights Plan Agreement (Pacific Rim Mining Corp)

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Flip-in Event. (a) Subject to the provisions of Subsection 3.01(b), Section 2.2, Subsection 3.1(b) 3.02 and Section 5.25.02, in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall constitute, effective from and after the later of its date of issue and at the close Close of business Business on the tenth Trading (10th) Business Day after following the Stock Acquisition Date, the right to purchase from the CompanyCorporation, 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, without duplication, 2.03 in the event that after such date of consummation or occurrence, occurrence an event of a type analogous to any of the events described in Section 2.3 2.03 shall have occurred with respect to such Common Shares).

Appears in 3 contracts

Samples: Shareholder Rights Plan Agreement (Western Uranium & Vanadium Corp.), Shareholder Rights Plan Agreement (Western Uranium & Vanadium Corp.), Shareholder Rights Plan Agreement

Flip-in Event. (a) Subject to the provisions of Section 2.2, Subsection 3.1(b) and Section 5.2, in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall constitute, effective from and after the later of its date of issue and at the close of business on the tenth Trading Day after the Stock Acquisition Date, the right to purchase from the CompanyCorporation, upon exercise thereof in accordance with the terms hereof, that number of 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, without duplication, 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 shall have occurred with respect to such Common Shares).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

Flip-in Event. (a) Subject to the provisions of Section 2.2, Subsection 3.1(b3.2 and Subsections 5.1(d) and Section 5.25.1(e), in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall constitute, effective from and after the later of its date of issue and at the close Close of business Business on the tenth Trading Day after day following the Stock Acquisition DateDate until the Expiration Time, the right to purchase from the CompanyCorporation, upon exercise thereof in accordance with the terms hereof, that number of 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, without duplication, 2.3 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 shall have occurred with respect to such Common Shares).

Appears in 1 contract

Samples: Shareholder Rights Agreement (Dura Products International Inc)

Flip-in Event. (a) Subject to the provisions of Section 2.2, Subsection 3.1(bsubsection 4.1(b) and Section 5.2section 6.1, in the event that if prior to the Expiration Time a Flip-in Event shall occuroccurs, each Right shall will constitute, effective from on and after the later of its date of issue and at the close of business on the tenth Trading Day after following the Stock Acquisition Date, the right to purchase from the CompanyCorporation, upon exercise thereof payment of the relevant Exercise Price and otherwise exercising such Right in accordance with the terms hereof, that number of Common Shares (rounded down to the nearest whole number of 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 adjustments provided for in Section 2.3section 3.2 if, without duplication, 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 shall have section 3.2 has occurred with respect to such the Common SharesShare).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (724 Solutions Inc)

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Flip-in Event. (a1) Subject to the provisions of Section 2.23.1(2) below, Subsection 3.1(band Section 5.1(2), (3) and Section 5.2(4), in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall constitute, effective from and after the later of its date of issue and at the close of business on the tenth (10th) Trading Day after the Stock Share Acquisition Date, the right to purchase from the CompanyCorporation, upon exercise thereof in accordance with the terms hereof, that number of Common Voting 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, without duplication, 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 shall have occurred with respect to such Common Voting Shares).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Virginia Mines Inc.)

Flip-in Event. (a) Subject to the provisions of Section 2.22.2 and Subsections 5.1(b), Subsection 3.1(b(c) and Section 5.2(d) and except as provided below, in the event that if 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 Trading Business Day after the relevant Stock Acquisition Date, the right to purchase from the CompanyCorporation, 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, without duplication, 2.3 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 shall have occurred with respect to such Common Shares).

Appears in 1 contract

Samples: Rights Agreement (Revett Minerals Inc.)

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