Common use of Issue of Warrants Clause in Contracts

Issue of Warrants. (1) A maximum of 6,600,000 Warrants are hereby created and authorized to be issued hereunder entitling the registered holders thereof to acquire an aggregate of 6,600,000 Warrant Shares (subject to adjustment in accordance with section 3.13) at the Exercise Price upon the terms and conditions herein set forth. Uncertificated Warrants shall be Authenticated by the Warrant Agent and deposited in the name of CDS and Warrant Certificates evidencing the Warrants, if any, shall be executed by the Company, certified by or on behalf of the Warrant Agent and delivered by the Warrant Agent to the Company, as applicable, in accordance with a written direction of the Company, all in accordance with sections 3.3 and 3.4. Subject to adjustment in accordance with the provisions of this Indenture, each of the Warrants issued hereunder shall entitle the holder thereof to receive from the Company, upon payment of the Exercise Price, the number of Warrant Shares equal to the Exchange Basis in effect on the Exercise Date.

Appears in 2 contracts

Samples: Aurora Cannabis Inc, Aurora Cannabis Inc

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Issue of Warrants. (1) A maximum of 6,600,000 7,022,472 Warrants are hereby created and authorized to be issued hereunder entitling the registered holders thereof to acquire an aggregate of 6,600,000 7,022,472 Warrant Shares (subject to adjustment in accordance with section Section 3.13) at the Exercise Price upon the terms and conditions herein set forth. Uncertificated Warrants shall be Authenticated by the Warrant Agent and deposited in the name of CDS and Warrant Certificates evidencing the Warrants, if any, shall be executed by the Company, certified by or on behalf of the Warrant Agent and delivered by the Warrant Agent to the Company, as applicable, in accordance with a written direction of the Company, all in accordance with sections 3.3 and 3.4. Subject to adjustment in accordance with the provisions of this Indenture, each of the Warrants issued hereunder shall entitle the holder thereof to receive from the Company, upon payment of the Exercise Price, the number of Warrant Shares equal to the Exchange Basis in effect on the Exercise Date.

Appears in 2 contracts

Samples: Tilray, Inc., Aphria Inc.

Issue of Warrants. (1) A maximum of 6,600,000 70,408,750 Warrants are hereby created and authorized to be issued hereunder entitling the registered holders thereof to acquire an aggregate of 6,600,000 70,408,750 Warrant Shares (subject to adjustment in accordance with section 3.13) at the Exercise Price upon the terms and conditions herein set forth. Uncertificated Warrants shall be Authenticated by the Warrant Agent and deposited in the name of CDS and Warrant Certificates evidencing the Warrants, if any, shall be executed by the Company, certified by or on behalf of the Warrant Agent and delivered by the Warrant Agent to the Company, as applicable, in accordance with a written direction of the Company, all in accordance with sections 3.3 and 3.4. Subject to adjustment in accordance with the provisions of this Indenture, each of the Warrants issued hereunder shall entitle the holder thereof to receive from the Company, upon payment of the Exercise Price, the number of Warrant Shares equal to the Exchange Basis in effect on the Exercise Date.

Appears in 1 contract

Samples: Aurora Cannabis Inc

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Issue of Warrants. (1) A maximum of 6,600,000 8,175,000 Warrants are hereby created and authorized to be issued hereunder entitling the registered holders thereof to acquire an aggregate of 6,600,000 8,175,000 Warrant Shares (subject to adjustment in accordance with section Section 3.13) at the Exercise Price upon the terms and conditions herein set forth. Uncertificated Warrants shall be Authenticated by the Warrant Agent by completing its internal procedures and deposited in the name of CDS the Depository and Warrant Certificates evidencing the Warrants, if any, shall be executed by the CompanyCorporation, certified by or on behalf of the Warrant Agent and delivered by the Warrant Agent to the CompanyCorporation, as applicable, in accordance with a written direction of the CompanyCorporation, all in accordance with sections Sections 3.3 and 3.4. Subject to adjustment in accordance with the provisions of this Indenture, each of the Warrants issued hereunder shall entitle the holder thereof to receive from the CompanyCorporation, upon payment of the Exercise Price, the number of Warrant Shares equal to the Exchange Basis in effect on the Exercise Date.

Appears in 1 contract

Samples: Cardiol Therapeutics Inc.

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