Permitted Timeline definition

Permitted Timeline means the allowable time period within which the Corporation must consummate its Qualifying Acquisition, being 18 months from the closing of the Offering (or 21 months from the closing of the Offering if the Corporation has executed a definitive agreement for a qualifying acquisition within 18 months from closing but has not completed the qualifying acquisition within such 18 month period) , as it may be extended as described in the Prospectus;

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Permitted Timeline means the allowable time period within which BCAC must consummate its qualifying acquisition, being 18 months from the IPO Closing Date (or 21 months from the IPO Closing Date if BCAC has executed a definitive agreement for a qualifying acquisition within 18 months from the IPO Closing Date but has not completed the qualifying acquisition within such 18-month period), as it may be extended or shortened as described in the IPO Prospectus;

Permitted Timeline means the allowable time period within which the Corporation must consummate its qualifying transaction, being 21 months from the IPO Closing Date (or 24 months from the IPO Closing Date if we have executed a letter of intent, agreement in principle or definitive agreement for a qualifying transaction within 21 months from the IPO Closing but has not completed the qualifying transaction within such 21-month period), as it may be extended as described in this AIF;

Examples of Permitted Timeline in a sentence

If the Corporation fails to consummate its qualifying acquisition within the Permitted Timeline (including any extension thereof), the Deferred Amount will not be paid and will, instead, be included in the Liquidation distribution of the proceeds held in the Escrow Account made to the holders of Class A Restricted Voting Shares.
The amount of Deferred Underwriting Commissions will be included with the Escrow Funds that will be available to fund the payments in respect of the Class A Restricted Voting Shares in the event of a No Qualifying Transaction Winding-Up or an Automatic Redemption, or in the event of an extension to the Permitted Timeline, as specified in this Agreement.
The amount of the Deferred Underwriting Commission will be included with the Escrow Funds that will be available to fund the payments in respect of the Class A Restricted Voting Units in the event of a No Qualifying Transaction Winding-Up or an Automatic Redemption, or in the event of an extension to the Permitted Timeline, as specified in this Agreement.
The amount of the Deferred Underwriting Commission will be included with the Escrow Funds that will be available to fund the payments in respect of the Class A Restricted Voting Shares in the event of a No Qualifying Acquisition Winding-Up or an Automatic Redemption, or in the event of an extension to the Permitted Timeline, as specified in this Agreement.
The amount of the Deferred Underwriting Commission will be included with the Escrow Funds that will be available to fund the payments in respect of the Restricted Voting Units in the event of a No Qualifying Transaction Winding-Up or an Automatic Redemption, or in the event of an extension to the Permitted Timeline, as specified in this Agreement.

More Definitions of Permitted Timeline

Permitted Timeline means the allowable time period within which the Corporation must consummate its Qualifying Transaction, being 18 months from the Closing of the Offering, as it may be extended as described in the Prospectus;

Permitted Timeline means the allowable time period within which the Company must consummate its Qualifying Transaction, being 18 months from the IPO Closing Date, as it may be extended or shortened pursuant to an Extension following the IPO Closing Date;

Permitted Timeline means 21 months from the closing of the Offering (or 24 months from the closing of the Offering if the Corporation has executed a letter of intent, agreement in principle or definitive agreement for a Qualifying Acquisition within 21 months from the closing of the Offering but has not completed the Qualifying Acquisition within such 21-month period), which may be extended on written notice by the Corporation to the Escrow Agent to up to 36 months with shareholder approval, by ordinary resolution of the holders of the Class A Restricted Voting Shares, with approval by the Corporation’s board of directors, and with the consent (if required) of the TSX;

Permitted Timeline means the allowable time period within which the Corporation must consummate its qualifying acquisition, being 18 months from the Closing (or 21 months from the Closing if the Corporation has executed a definitive agreement for a qualifying acquisition within 18 months from the Closing but has not completed the qualifying acquisition within such 18-month period), as it may be extended or shortened as described in this prospectus;

Permitted Timeline means the allowable time period within which the Corporation must consummate its Qualifying Acquisition, being 21 months from the Closing of the Offering (or 24 months from the Closing of the Offering if the Corporation executed a letter of intent, agreement in principle or definitive agreement for a Qualifying Acquisition within 21 months from the Closing of the Offering but has not completed the Qualifying Acquisition within such 21-month period), which may be extended on written notice by the Corporation to Equity Financial Trust Company, as escrow agent, to up to 36 months with shareholder approval, by ordinary resolution of the holders of the Class A Restricted Voting Shares, approved by the Board of Directors and the consent (if required) of the TSX;

Permitted Timeline means the allowable time period within which the Corporation must consummate its qualifying acquisition, being 21 months from the Closing (or 24 months from the Closing if the Corporation has executed a letter of intent, agreement in principle or definitive agreement for a qualifying acquisition within 21 months from the Closing but has not completed the qualifying acquisition within such 21-month period), as it may be extended as described in this prospectus;

Permitted Timeline means the allowable time period within which the Corporation must consummate its qualifying transaction, being 18 months from the closing of the Offering, as it may be extended to up to 36 months with shareholder approval, by ordinary resolution of the holders of the Class A Restricted Voting Shares, with approval by the Corporation’s board of directors, and with the consent (if required) of the Exchange; and provided that with 10 days’ advance notice by way of a news release, the Corporation may shorten the Permitted Timeline with the approval of its board of directors;