Common use of Offering to Shareholders Clause in Contracts

Offering to Shareholders. If and whenever at any time prior to the Time of Expiry, the Company shall fix a record date or if a date of entitlement to receive is otherwise established any such date being hereinafter referred to in this paragraph 1(h) as the "record date") for the issuance of rights, options or warrants to all or substantially all the holders of the outstanding common shares of the Company entitling them, for a period which shall not expire not more than 45 days after such record date, to subscribe for or purchase common shares of the Company or securities convertible into or exchangeable for common shares of the Company at a price per share or, as the case may be, having a