Common use of Partial Exercise of Warrants; Fractions Clause in Contracts

Partial Exercise of Warrants; Fractions. (1) The holder of any Warrants may exercise its right to acquire a number of whole Common Shares less than the aggregate number which the holder is entitled to acquire pursuant to the Warrants exercised in connection therewith. In the event of any exercise of a number of Warrants less than the maximum number that the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. (2) Notwithstanding anything herein contained including any adjustment provided for in Article 4, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any fractional Common Shares shall be rounded down to the nearest whole number and the holder of such Warrants shall not be entitled to any compensation in respect of any fractional Common Share which is not issued.

Appears in 4 contracts

Sources: Warrant Indenture (HEXO Corp.), Warrant Indenture (HEXO Corp.), Warrant Indenture (HEXO Corp.)

Partial Exercise of Warrants; Fractions. (1a) The holder of any Warrants may exercise its right to acquire a number of whole Common Shares less than the aggregate number which the holder is entitled to acquire pursuant to the Warrants exercised in connection therewith. In the event of any exercise of a number of Warrants less than the maximum number that the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. (2b) Notwithstanding anything herein contained including any adjustment provided for in Article 4, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any fractional Common Shares shall be rounded down to the nearest whole number and the holder of such Warrants shall not be entitled to any compensation in respect of any fractional Common Share which is not issued.

Appears in 2 contracts

Sources: Warrant Indenture (Organigram Holdings Inc.), Warrant Indenture (Organigram Holdings Inc.)

Partial Exercise of Warrants; Fractions. (1) The holder of any Warrants may exercise its his right to acquire a number of whole Common Warrant Shares less than the aggregate number which the holder is entitled to acquire pursuant to the Warrants exercised in connection therewithacquire. In the event of any exercise of a number of Warrants less than the maximum number that which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants (including Uncertificated Warrants or Book-Entry Warrants), in respect of the balance of the Warrants held by such holder and which were not then exercised. (2) Notwithstanding anything herein contained including any adjustment provided for in Article 4Section 4.1, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Common Warrant Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Warrant Shares. Any fractional Common Warrant Shares shall be rounded down to the nearest whole number and the holder of such Warrants shall not be entitled to any compensation in respect of any fractional Common Share Warrant Shares which is not issued.

Appears in 1 contract

Sources: Warrant Indenture

Partial Exercise of Warrants; Fractions. (1) 3.7.1 The holder of any Warrants may exercise its his right to acquire a number of whole Common Shares less than the aggregate number which the holder is entitled to acquire pursuant to the Warrants exercised in connection therewithacquire. In the event of any exercise of a number of Warrants less than the maximum number that which the holder is entitled to exerciseexercise pursuant to the Warrant Certificate surrendered in connection therewith, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. (2) 3.7.2 Notwithstanding anything herein contained including any adjustment provided for in Article 4Section 4.1, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any fractional Common Shares shall be rounded down to the nearest whole number and the holder of such Warrants shall not be entitled to any compensation in respect of any fractional Common Share Shares which is are not issued.

Appears in 1 contract

Sources: Warrant Indenture

Partial Exercise of Warrants; Fractions. (1) The holder of any Warrants may exercise his, her or its right to acquire a number of whole Common Warrant Shares less than the aggregate number which the holder is entitled to acquire pursuant to the Warrants exercised in connection therewithacquire. In the event of any exercise of a number of Warrants less than the maximum number that which the holder is entitled to exerciseexercise pursuant to the Warrant Certificate surrendered in connection thereto, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. (2) Notwithstanding anything herein contained including any adjustment provided for in Article 4Section 4.1, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Common Warrant Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Warrant Shares. Any fractional Common Warrant Shares shall be rounded down to the nearest whole number and the holder of such Warrants shall not be entitled to any compensation in respect of any fractional Common Share Warrant Shares which is not issued.

Appears in 1 contract

Sources: Warrant Indenture (Mogo Inc.)

Partial Exercise of Warrants; Fractions. (1) The holder of any Warrants may exercise its right to acquire a number of whole Common Shares less than the aggregate number which the holder is entitled to acquire pursuant to the Warrants exercised in connection therewith. In the event of any exercise of a number of Warrants less than the maximum number that the holder is entitled to exerciseacquire, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercisedacquired in connection with the applicable exercise thereof. (2) Notwithstanding anything herein contained including any adjustment provided for in Article 4, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any fractional Common Shares shall be rounded down to the nearest whole number and the holder of such Warrants shall not be entitled to any compensation in respect of any fractional Common Share which is not issued.

Appears in 1 contract

Sources: Warrant Indenture (Augusta Gold Corp.)

Partial Exercise of Warrants; Fractions. (1) β€Œ 3.7.1 The holder of any Warrants may exercise its his right to acquire a number of whole Common Shares less than the aggregate number which the holder is entitled to acquire pursuant to the Warrants exercised in connection therewithacquire. In the event of any exercise of a number of Warrants less than the maximum number that which the holder is entitled to exerciseexercise pursuant to the Warrant Certificate surrendered in connection therewith, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. (2) 3.7.2 Notwithstanding anything herein contained including any adjustment provided for in Article 4Section 4.1, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any fractional Common Shares shall be rounded down to the nearest whole number and the holder of such Warrants shall not be entitled to any compensation in respect of any fractional Common Share Shares which is are not issued.

Appears in 1 contract

Sources: Warrant Indenture