Common use of Issue and Term of Warrants Clause in Contracts

Issue and Term of Warrants. (a) A total of up to 8,312,775 Warrants entitling Warrantholders to acquire up to 8,312,775 Common Shares (subject to adjustment pursuant to sections 2.12 and 2.13) are hereby created and authorized to be issued hereunder upon the terms and conditions herein set forth and will be executed by the Company and certified by or on behalf of the Warrant Agent upon the written order of the Company and delivered by the Company in accordance with sections 2.3 and 2.4. (b) Each Warrant authorized to be issued hereunder will entitle Warrantholders to acquire (subject to sections 2.12 and 2.13) upon due exercise and upon payment of the Warrant Exercise Price, one Common Share or such other kind and amount of shares or securities or property, calculated pursuant to the provisions of sections 2.12 and 2.13, as the case may be, at any time after the date of issuance of such Warrants and prior to the Time of Expiry, in accordance with the provisions of this Indenture. (c) Fractional Warrants will not be issued or otherwise provided for. If any fraction of a Warrant would otherwise be issuable, the number of Warrants so issued will be rounded down to the nearest whole Warrant.

Issue and Term of Warrants. (a) A total of up to 8,312,775 9,800,600 Warrants entitling Warrantholders to acquire up to 8,312,775 9,800,600 Common Shares (subject to adjustment pursuant to sections 2.12 and 2.13) are hereby created and authorized to be issued hereunder upon the terms and conditions herein set forth and will be executed by the Company and certified by or on behalf of the Warrant Agent upon the written order of the Company and delivered by the Company in accordance with sections 2.3 and 2.4. (b) Each Warrant authorized to be issued hereunder will entitle Warrantholders to acquire (subject to adjustment pursuant to sections 2.12 and 2.13) upon due exercise and upon payment of the Warrant Exercise Price, one Common Share or such other kind and amount of shares or securities or property, calculated pursuant to the provisions of sections 2.12 and 2.13, as the case may be, at any time after the date of issuance of such Warrants Effective Date and prior to the Time of Expiry, in accordance with the provisions of this Indenture. (c) Fractional Warrants will not be issued or otherwise provided for. If any fraction of a Warrant would otherwise be issuable, the number of Warrants so issued will be rounded down to the nearest whole Warrant.