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

Partial Exercise of Warrants; Fractions. ‎ (1) The holder of any Warrants may exercise his or her right to acquire a number of whole Warrant Shares ‎less than the aggregate number which the holder is entitled to acquire. In the event of any ‎exercise of a number of Warrants that is less than the number 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 legends, 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 ‎Warrant Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers ‎of Warrant Shares. Any subscription for fractional Warrant Shares will be deemed to be a ‎subscription for the closest whole number of Warrant Shares and shall be rounded down, and no ‎cash or other consideration will be paid in lieu of fractional shares.‎

Appears in 1 contract

Sources: Warrant Indenture (Vizsla Silver Corp.)

Partial Exercise of Warrants; Fractions. (1) The holder of any Warrants may exercise his or her right to acquire a number of whole Warrant Ordinary Shares ‎less less than the aggregate number which the holder is entitled to acquire. In the event of any ‎exercise exercise of a number of Warrants that is less than the number which the holder is entitled to ‎exerciseexercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, ‎without without charge therefor, a new Warrant Certificate(s), bearing the same legendslegend, if applicable, or ‎other other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such ‎holder holder and which were not then exercised.‎exercised. (2) Notwithstanding anything herein contained including any adjustment provided for in Article 4Section 4.1, the ‎Corporation Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of ‎Warrant Ordinary Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers ‎of Warrant of Ordinary Shares. Any subscription for fractional Warrant Ordinary Shares will be deemed to be a ‎subscription subscription for the closest whole number of Warrant Ordinary Shares and shall be rounded rounding down, and no ‎cash cash or other consideration will be paid in lieu of fractional shares.‎shares.

Appears in 1 contract

Sources: Warrant Indenture

Partial Exercise of Warrants; Fractions. (1) The holder of any Warrants may exercise his or her right to acquire a number of whole Warrant Common Shares ‎less that is less than the aggregate number which the holder is entitled to acquire. In the event of any ‎exercise exercise of a number of Warrants that is less than the number which the holder is entitled to ‎exerciseexercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, ‎without without charge therefor, a new Warrant Certificate(s), bearing the same legends, if applicable, or ‎other other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such ‎holder holder and which were not then exercised.‎exercised. (2) Notwithstanding anything herein contained contained, including any adjustment provided for in Article 4, the ‎Corporation Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of ‎Warrant Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers ‎of Warrant of Common Shares. Any subscription for fractional Warrant Common Shares will be deemed to be a ‎subscription subscription for the closest whole number of Warrant Common Shares and shall be rounded rounding down, and no ‎cash cash or other consideration will be paid in lieu of fractional shares.‎shares.

Appears in 1 contract

Sources: Warrant Indenture (Nobilis Health Corp.)

Partial Exercise of Warrants; Fractions. ‎ (1) 3.8.1 The holder of any Warrants may exercise his his, her or her its right to acquire a number of whole Warrant Shares ‎less less than the aggregate number which the holder is entitled to acquire. In the event of any ‎exercise exercise of a number of Warrants that is less than the number which the holder is entitled to ‎exerciseexercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, ‎without without charge therefor, a new Warrant Certificate(s), bearing the same legendslegend, if applicable, or ‎other other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such ‎holder holder and which were not then exercised.‎exercised. (2) 3.8.2 Notwithstanding anything herein contained including any adjustment provided for in Article 4, the ‎Corporation Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of ‎Warrant Warrant Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers ‎of of Warrant Shares. Any subscription for fractional Warrant Shares will be deemed to be a ‎subscription for the closest whole number of Warrant Shares and shall be rounded down, and no ‎cash or other consideration will be paid in lieu of fractional shares.‎.

Appears in 1 contract

Sources: Warrant Indenture