Common use of Initial Exercise Price Clause in Contracts

Initial Exercise Price. Subject to adjustment as herein set forth and subject to §3.1, each Right, save and except those held by the Corporation and any of its Subsidiaries which will be void, will entitle the holder thereof, from and after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price as at the Business Day immediately preceding the date of exercise of the Right, one Common Share.