Common use of Postponement of Subscription Clause in Contracts

Postponement of Subscription. In any case where the application of any of sections 7.3 to 7.7 results in an increase of the Exchange Number taking effect immediately after the record date for or occurrence of a specific event, if any Special Warrants are exercised after that record date or occurrence and prior to completion of the event or of the period for which a calculation is required to be made, the Company may postpone the issuance, to the Holder, of the Securities to which the Holder is entitled by reason of the increase of the Exchange Number but the Securities will be so issued and delivered to that holder upon completion of that event or period, with the number of those Securities calculated on the basis of the Exchange Number on the Exercise Date adjusted for completion of that event or period, and the Company will forthwith after the Exercise Date deliver to the person or persons in whose name or names the Securities are to be issued an appropriate instrument evidencing the person's or persons' right to receive the Securities.

Postponement of Subscription. In any case where the application of any of sections 7.3 to 7.7 results in an increase of the Exchange Number taking effect immediately after the record date for or occurrence of a specific event, if any Special Unit Warrants are exercised after that record date or occurrence and prior to completion of the event or of the period for which a calculation is required to be made, the Company may postpone the issuance, to the Holder, of the Securities Warrant Shares to which the Holder is entitled by reason of the increase of the Exchange Number but the Securities Warrant Shares will be so issued and delivered to that holder upon completion of that event or period, with the number of those Securities Warrant Shares calculated on the basis of the Exchange Number on the Warrant Exercise Date adjusted for completion of that event or period, and the Company will forthwith after the Warrant Exercise Date deliver to the person or persons in whose name or names the Securities Warrant Shares are to be issued an appropriate instrument evidencing the person's or persons' right to receive the SecuritiesWarrant Shares.