Common use of Exercise of the Rights Clause in Contracts

Exercise of the Rights. 3.1 INITIAL EXERCISE PRICE, EXERCISE OF RIGHTS, DETACHMENT OF RIGHTS (a) Subject to adjustment as herein set forth, from and after the Separation Time and prior to the Expiration Time, each Right will entitle the holder thereof to purchase one Common Share for the Exercise Price (which Exercise Price and number of Common Shares are subject to adjustment as set forth below). (b) Until the Separation Time: (i) the Rights shall not be exercisable and no Right may be exercised; and (ii) each Right will be evidenced by the certificate for the associated Share registered in the name of the holder thereof (which certificate shall also be deemed to be a Rights Certificate) and will be transferable only together with, and will be transferred by a transfer of, such associated Share. (c) From and after the Separation Time and prior to the Expiration Time: (i) the Rights shall be exercisable; and (ii) the registration and transfer of the Rights shall be separate from and independent of Shares. Promptly following the Separation Time the Rights Agent will mail to each holder of record of Shares as of the Separation Time or, in the case of Conversion Shares issued after the Separation Time and prior to the close of business on the eighth Trading Day following the Stock Acquisition Date, promptly after such issue the Rights Agent will mail to the holders of the Convertible Securities pursuant to which the Conversion Shares were issued (other than to an Acquiring Person and other than, in respect of any Rights Beneficially Owned by such Acquiring Person which are not held of record by such Acquiring Person, to the holder of record of such Rights (a "NOMINEE")), at such holder's address as shown on the records of the Corporation (and the Corporation hereby agrees to furnish copies of such records to the Rights Agent for this purpose):

Exercise of the Rights. 3.1 INITIAL EXERCISE PRICE, EXERCISE OF RIGHTS, DETACHMENT OF RIGHTS (a) Subject to adjustment as herein set forth, from and after the Separation Time and prior to the Expiration Time, each Right will entitle the holder thereof to purchase one Common Share for the Exercise Price (which Exercise Price and number of Common Shares are subject to adjustment as set forth below).. SE-13 196 (b) Until the Separation Time: (i) the Rights shall not be exercisable and no Right may be exercised; and (ii) each Right will be evidenced by the certificate for the associated Share registered in the name of the holder thereof (which certificate shall also be deemed to be a Rights Certificate) and will be transferable only together with, and will be transferred by a transfer of, such associated Share. (c) From and after the Separation Time and prior to the Expiration Time: (i) the Rights shall be exercisable; and (ii) the registration and transfer of the Rights shall be separate from and independent of Shares. Promptly following the Separation Time the Rights Agent will mail to each holder of record of Shares as of the Separation Time or, in the case of Conversion Shares issued after the Separation Time and prior to the close of business on the eighth Trading Day following the Stock Acquisition Date, promptly after such issue the Rights Agent will mail to the holders of the Convertible Securities pursuant to which the Conversion Shares were issued (other than to an Acquiring Person and other than, in respect of any Rights Beneficially Owned by such Acquiring Person which are not held of record by such Acquiring Person, to the holder of record of such Rights (a "NOMINEE")), at such holder's address as shown on the records of the Corporation (and the Corporation hereby agrees to furnish copies of such records to the Rights Agent for this purpose):