Common use of Conversion by Subscription Receipt Agent Clause in Contracts

Conversion by Subscription Receipt Agent. If the Release Conditions have been satisfied such that the closing of the Transaction will occur on or prior to the Release Deadline, the Corporation and the Agent shall forthwith execute and deliver the Release Notice to the Subscription Receipt Agent. Immediately, upon receipt of the Release Notice by the Subscription Receipt Agent, all Subscription Receipts will be automatically converted by the Subscription Receipt Agent at the Release Time for and on behalf of the holder thereof and the holder thereof shall, without any action on the part of the holder thereof (including the surrender of any Subscription Receipt Certificate or deemed surrender of any Uncertificated Subscription Receipts), be deemed to have subscribed for the corresponding number of Common Shares and Warrants issuable upon the conversion of such Subscription Receipt being one Common Share and one-half of one Warrant for each Subscription Receipt.

Conversion by Subscription Receipt Agent. If the Release Conditions have been satisfied such that the closing of the Transaction will occur on or prior to the Release Deadline, the Corporation and the Agent Underwriter shall forthwith execute and deliver the Release Notice to the Subscription Receipt Agent. Immediately, upon receipt of the Release Notice by the Subscription Receipt Agent, all Subscription Receipts will be automatically converted by the Subscription Receipt Agent at the Release Time for and on behalf of the holder thereof and the holder thereof shall, without any action on the part of the holder thereof (including the surrender of any Subscription Receipt Certificate or deemed surrender of any Uncertificated Subscription Receipts), be deemed to have subscribed for the corresponding number of Common Shares and Warrants issuable upon the conversion of such Subscription Receipt being one Common Share and one-half of one Warrant for each Subscription Receipt.

Conversion by Subscription Receipt Agent. If the Release Conditions have been satisfied such that the closing of the Transaction will occur on or prior to the Release Deadline, the Corporation and the Lead Agent shall forthwith execute and deliver the Release Notice to the Subscription Receipt Agent. Immediately, Immediately upon receipt of the Release Notice by the Subscription Receipt Agent, all Subscription Receipts will be deemed to be automatically converted by the Subscription Receipt Agent at the Release Time for and on behalf of the holder thereof and the holder thereof shall, without any action on the part of the holder thereof (including the surrender of any Subscription Receipt Certificate or deemed surrender of any Uncertificated Subscription Receipts), be deemed to have subscribed for the corresponding number of Common Shares and Warrants issuable upon the conversion of such Subscription Receipt being one Common Share and one-half of one Warrant for each Subscription Receipt.