Common use of Form and Terms of Warrants Clause in Contracts

Form and Terms of Warrants. (a) The Warrant Certificates shall be substantially in the form set out in Schedule A hereto, shall be dated as of the date hereof (regardless of their actual date of issue), shall be fully registered and shall have such distinguishing letters and numbers as the Company may, with the approval of the Trustee, prescribe and may include a translation into the French language. Warrant Certificates may be typewritten, engraved, lithographed, printed or mimeographed as the Company may determine. No change in the form of the Warrant Certificate shall be required by reason of any adjustment made pursuant to this Article 2. (b) Each Warrant authorized to be issued hereunder shall entitle the holder thereof to purchase (subject to Sections 2.13, 2.14 and 3.1), for the Exercise Price, one Common Share, or such other kind and amount of Underlying Securities calculated pursuant to the provisions of Sections 2.13 and 2.14, as the case may be, at any time after the issuance of such Warrant and prior to the Expiry Time in accordance with the provisions of this Indenture. (c) Any legends to be typed on to the Warrant Certificates or the Underlying Securities shall be typed thereon in accordance with the provisions of this Indenture upon the written direction of the Company. The Trustee and the Company shall have no duty to ensure that the Warrantholders comply with the provisions of any such legend.

Appears in 2 contracts

Sources: Warrant Indenture (Agnico Eagle Mines LTD), Warrant Indenture (Gryphon Gold Corp)