Penalty Provisions means the provisions of the Special Warrant Indenture which provide for the issuance of an additional 0.10 Units to certain holders of Special Warrants if the Corporation has not received the Receipt by 5:00 pm (Vancouver time) on the date that is 35 days after the Closing Date, and thereafter at the end of each additional 30-day period prior to the Qualification Date, each Special Warrant will be exercisable for an additional 0.02 of a Unit, as further outlined in the Special Warrant Indenture;
Penalty Provisions means the provisions of the Special Warrant Indenture which provide for the issuance of an additional one-tenth (0.10) of a Unit to holders of Special Warrants if the Qualifying Date has not occurred prior to the Qualifying Deadline, and an additional two-hundredths (0.02) of a Unit for each additional thirty (30) days thereafter prior to the Qualification Date, as further outlined in the Special Warrant Indenture;
Examples of Penalty Provisions in a sentence
Certificates representing Common Shares issued before the Qualification Date to Warrantholders upon the exercise of Warrants (including additional Common Shares issuable pursuant to the Penalty Provisions) pursuant to Section 3.2 will bear the following legends: “UNLESS PERMITTED UNDER THE SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY UNTIL APRIL 3, 2021.
More Definitions of Penalty Provisions
Penalty Provisions means the provisions of the Special Warrant Indenture which provide for the issuance of an additional one-half of one (0.5) Warrant for each Unit to certain holders of Special Warrants if the Automatic Exercise Date has not occurred by the Qualification Deadline, and thereafter, each Special Warrant will be automatically exercisable for one Common Share and one Warrant, as further outlined in the Special Warrant Indenture;