Common use of Performance of Covenants by Warrant Agent Clause in Contracts

Performance of Covenants by Warrant Agent. If the Corporation shall fail to perform any of its covenants contained in this Indenture, the Warrant Agent may notify the Warrantholders of the failure on the part of the Corporation or may itself perform any of the said covenants capable of being performed by it, but shall be under no obligation to do so or to notify the Warrantholders. All sums expended or advanced by the Warrant Agent in so doing shall be repayable as provided in Section 4.3. No performance, expenditure or advance by the Warrant Agent shall be deemed to relieve the Corporation of any default hereunder.

Appears in 1 contract

Sources: Share Purchase Warrant Indenture (Novagold Resources Inc)

Performance of Covenants by Warrant Agent. If the Corporation Company shall fail to perform any of its covenants contained in this Indenture, the Warrant Agent may notify the Warrantholders of the failure on the part of the Corporation Company or may itself perform any of the said covenants capable of being performed by it, but shall be under no obligation to do so or to notify the Warrantholders. All sums expended or advanced by the Warrant Agent in so doing shall be repayable as provided in Section 4.34.4. No performance, expenditure or advance by the Warrant Agent shall be deemed to relieve the Corporation Company of any default hereunder.

Appears in 1 contract

Sources: Warrant Indenture (Adherex Technologies Inc)

Performance of Covenants by Warrant Agent. If the Corporation Company shall fail to perform any of its covenants contained in this Indenture, the Warrant Agent may notify the Warrantholders of the failure on the part of the Corporation Company or may itself perform any of the said covenants capable of being performed by it, but shall be under no obligation to do so or to notify the Warrantholders. All sums expended or advanced by the Warrant Agent in so doing shall be repayable as provided in Section 4.3. No performance, expenditure or advance by the Warrant Agent shall be deemed to relieve the Corporation Company of any default hereunderhereunder or of its continuing obligations under this Indenture.

Appears in 1 contract

Sources: Common Share Purchase Warrant Indenture (Primero Mining Corp)

Performance of Covenants by Warrant Agent. If the Corporation Company shall fail to perform any of its covenants contained in this Indenture, the Warrant Agent may notify the Warrantholders of the failure on the part of the Corporation Company or may itself perform any of the said covenants capable of being performed by it, but shall be under no obligation to do so or to notify the Warrantholders. All sums expended or advanced by the Warrant Agent in so doing shall be repayable as provided in Section 4.3. No performance, expenditure or advance by the Warrant Agent shall be deemed to relieve the Corporation Company of any default hereunder.

Appears in 1 contract

Sources: Share Purchase Warrant Indenture (ConPharm)