Acceleration Right definition

Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

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Acceleration Right means the right of the Corporation to accelerate the Expiry Date to a date that is not less than 30 days following the delivery of a valid Acceleration Notice (as defined in the Warrant Indenture) in accordance with Section 2.2(6) of the Warrant Indenture, if, at any time prior to the Expiry Date, the daily volume-weighted average trading price of the Common Shares on the Exchange for the preceding 20 consecutive Trading Days is greater than $0.35. The right to purchase Common Shares may only be exercised by the Warrantholder within the time set forth above by:

Acceleration Right means the right of the Corporation to accelerate the Expiry Date to a date that is fifteen (15) days following delivery of the Acceleration Notice if, at any time after the Effective Date, the closing sale price of the Common Shares exceeds $0.32 per Common Share for a period of ten (10) consecutive Trading Days on the Exchange;

Examples of Acceleration Right in a sentence

• On the same day as the Acceleration Notice, the Corporation shall also provide a certificate of the Corporation to the Warrant Agent notifying them of the Corporation’s decision to exercise the Acceleration Right, confirming the accelerated Expiry Date and that the conditions required have been met to accelerate the Warrants, which certificate shall include a copy of the Acceleration Notice.

• As soon as reasonably practicable following the receipt of the certificate relating to the Acceleration Notice, the Warrant Agent shall deliver notices, with such notice to be in the form to be provided by the Corporation to the Warrant Agent, to Warrantholders of the Corporation’s decision to exercise the Acceleration Right, and such notice shall include a copy of the Acceleration Notice.

• If the Acceleration Right is exercised by the Corporation in accordance with the terms of this Indenture, the Expiry Date will be accelerated to a date that is 30 calendar days following the delivery of the Acceleration Notice to Warrantholders, and any unexercised Warrants shall automatically expire at the Expiry Time on the accelerated Expiry Date.

More Definitions of Acceleration Right

Acceleration Right means, subject to the approval of the Exchange and to Section 2.2(6), the right of the Corporation to accelerate the Expiry Date to the date that is not less than 30 days following delivery of the Acceleration Notice if, at any time prior to the Expiry Date, the daily volume-weighted average trading price of the Common Shares exceeds $0.35 for the preceding 20 consecutive Trading Days on the Exchange;

Acceleration Right means the right of the Corporation, at any time following the 15-month anniversary of the date of this Indenture but prior to the Expiry Date, to accelerate the Expiry Date to a date that is 30 calendar days after the Corporation delivers the Acceleration Notice upon the occurrence of an Acceleration Event;

Acceleration Right means the right of the Corporation to accelerate the Expiry Date to a date that is not the less than twenty (20) days following the issuance of the Acceleration Notice if, at any time before the Expiry Date, the volume weighted average trading price of the Common Shares exceeds $22.00 for a period of twenty (20) consecutive Trading Days;

Acceleration Right means the right of the Corporation to accelerate the Expiry Date to a date that is not the less than 30 days following delivery of the Acceleration Notice if, at any time four months after the Effective Date, the volume weighted average trading price of the Common Shares equals or exceeds $3.75 for a period of 10 consecutive trading dates on the Canadian Securities Exchange. The right to purchase Common Shares may only be exercised by the Warrantholder within the time set forth above by:

Acceleration Right means the right of the Corporation to accelerate the Expiry Time to a date that is not the less than 30 days following delivery of the Acceleration Notice if, at any time after the Common Shares are first traded on the TSXV, the volume weighted average trading price of the Common Shares on the TSXV, or if the Common Shares are not then listed on the TSXV, on such other stock exchange on which the Common Shares are principally traded, equals or exceeds $3.00 for 20 consecutive Trading Days;

Acceleration Right means the Company has a right to accelerate the expiry date of the Warrants if the closing price of the shares of the Company on the TSXV, or any other stock exchange on which such shares are then listed, is at a price equal to or greater than $0.25 for a period of twenty consecutive trading days.

Acceleration Right means the right of the Corporation to accelerate the Expiry Date to the date that is 30 days following delivery of the Acceleration Notice if at any time the daily VWAP of the Common Shares exceeds $2.12 for a period of ten (10) consecutive Trading Days;