Common use of Flip-in Event Clause in Contracts

Flip-in Event. (a) Subject to subsection 4.1(b) and section 6.1, if prior to the Expiration Time a Flip-in Event occurs, each Right will constitute, effective on and after the later of its date of issue and the close of business on the tenth Trading Day following the Stock Acquisition Date, the right to purchase from the Corporation, upon payment of the relevant Exercise Price and otherwise exercising such Right in accordance with the terms hereof, that number of Common Shares having an aggregate Market Price on the date of 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 adjustments provided for in section 3.2 if, after such date of occurrence, an event of a type analogous to any of the events described in section 3.2 has occurred with respect to the Common Share).

Appears in 6 contracts

Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Royal Standard Minerals Inc)

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Flip-in Event. (a) Subject to subsection 4.1(bsubsections 3.1(b), 5.1(d) and section 6.15.1(e), if prior to the Expiration Time a Flip-in Event occurs, each Right will shall constitute, effective on and after the later of its date of issue and at the close of business on the tenth Trading Day following after the Stock Acquisition Date, the right to purchase from the Corporation, upon payment of the relevant Exercise Price and otherwise exercising such Right 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 Right to be appropriately adjusted in a manner analogous to the applicable adjustments adjustment provided for in section 3.2 if, Section 2.3 in event that after such date of occurrence, the Stock Acquisition Date an event of a type analogous to any of the events described in section 3.2 Section 2.3 has occurred with respect to the Common Shareoccurred).

Appears in 3 contracts

Samples: Shareholder Protection Rights Plan Agreement (Challenger Energy Corp), Shareholder Protection Rights Plan Agreement (Bakbone Software Inc), Shareholder Protection Rights Agreement (Transglobe Energy Corp)

Flip-in Event. (a) Subject to subsection 4.1(bsubsections 5.1(b), (c) and section 6.1(d) hereof and except as provided below, if prior to the Expiration Time a Flip-in Event occursshall occur, each Right will shall thereafter constitute, effective on and after at the later Close of its date of issue and the close of business Business on the tenth Trading Business Day following after the relevant Stock Acquisition Date, the right to purchase from the Corporation, upon payment of the relevant Exercise Price and otherwise exercising such Right 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 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 adjustments adjustment provided for in section 3.2 ifSection 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 3.2 has Section 2.3 hereof shall have occurred with respect to the such Common ShareShares).

Appears in 2 contracts

Samples: Shareholder Rights Plan Agreement (SunOpta Inc.), Shareholder Rights Plan Agreement (SunOpta Inc.)

Flip-in Event. (a) Subject to subsection 4.1(bsubsections 3.1(b) and section 6.1(c) and Section 5.1, if in the event that prior to the Expiration Time a Flip-in Event occursshall occur, then thereafter, each Right will shall constitute, effective on and after the later of its date of issue and at the close of business on the tenth Trading (10th ) Business Day following after the Stock Acquisition Date, the right to purchase from the Corporation, upon payment of the relevant Exercise Price and otherwise exercising such Right 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 two (2) times 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 adjustments adjustment provided for in section 3.2 if, Section 2.3 in the event that after such date of occurrencethe consummation or occurrence or event, an event of a type analogous to any of the events described in section 3.2 has occurred with respect to the Common ShareSection 2.3 shall have occurred).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Hemisphere Energy Corp)

Flip-in Event. (a1) Subject to subsection 4.1(b4.2(2), section 4.4 and subsections 7.1(2) and section 6.17.1(3), if in the event that prior to the Expiration Time a Flip-in In Event occursshall occur, each Right will shall constitute, effective on and after the later of its date of issue and the close of business on the tenth Trading Day following the Stock Acquisition Date, the right to purchase from the Corporation, upon payment of the relevant Exercise Price and otherwise exercising exercise of such Right on or after the Separation Time and 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 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 adjustments provided for in section 3.2 if, in the event that after such date of occurrence, the Stock Acquisition Date an event of a type analogous to any of the events described in section 3.2 has occurred with respect to the Common Shareshall have occurred).

Appears in 1 contract

Samples: Protection Rights Plan Agreement (Flotek Industries Inc/Cn/)

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Flip-in Event. (a) Subject to subsection 4.1(b) 3.1(b), and section 6.1sections 5.1 and 5.2, if in the event that prior to the Expiration Time a Flip-in Event occursshall occur, each Right will shall constitute, effective on and after the later of its date of issue and at the close of business on the tenth Trading Day following after the Stock Acquisition Date, the right to purchase from the Corporation, upon payment of the relevant Exercise Price and otherwise exercising such Right 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 adjustments adjustment provided for in section 3.2 if, 2.3 in the event that after such date of occurrence, the Stock Acquisition Date an event of a type analogous to any of the events described in section 3.2 has occurred with respect to the Common Share2.3 shall have occurred).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Almaden Minerals LTD)

Flip-in Event. (a) Subject to subsection 4.1(bthe provisions of Section 2.2, Subsection 3.1(b) and section 6.1Section 5.1, if in the event that prior to the Expiration Time a Flip-in Event occursshall occur, then thereafter, each Right will shall constitute, effective on and after the later of its date of issue and at the close of business on the tenth eighth Trading Day following after the Stock Acquisition Date, the right to purchase from the CorporationCompany, upon payment of the relevant Exercise Price and otherwise exercising such Right 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 two times 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 adjustments adjustment provided for in section 3.2 if, Section 2.3 in the event that after such date of occurrencethe consummation or occurrence or event, an event of a type analogous to any of the events described in section 3.2 has occurred with respect to the Common ShareSection 2.3 shall have occurred).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Leading Brands Inc)

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