Protection of Subscription Receipt Agent. Subject to the provisions of Article 10, the Subscription Receipt Agent: (a) shall not at any time be under any duty or responsibility to any Subscription Receiptholder to determine whether any facts exist which may require any adjustment when made, or with respect to the method employed in making the same; (b) shall not be accountable with respect to the validity or value (or kind or amount) of any Common Shares, Common Share Purchase Warrants or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Subscription Receipt; and (c) shall be entitled to act and rely on any adjustment calculation of the Company, its directors or the Company’s Auditors.
Appears in 2 contracts
Sources: Subscription Receipt Agreement (Adira Energy Ltd.), Subscription Receipt Agreement