Top-Up Right definition

Top-Up Right shall have the meaning set forth in Section 3.6(a).
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Top-Up Right has the meaning ascribed to such term in Section 3.6(a).
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Top-Up Right has the meaning ascribed thereto in Section 4.4(1)(a);
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Examples of Top-Up Right in a sentence

  • Any decrease in the Investor Percentage resulting from the issuance of Excluded Securities during a fiscal quarter of the Corporation will be disregarded for the purposes of determining, prior to the time the Investor may exercise its Top-Up Right pursuant to Section 3.8(d) in respect of the issuance of Excluded Securities during such fiscal quarter.

  • If the Investor gives a Top-Up Right Acceptance Notice, the sale of the Excluded Securities to the Investor shall be completed as soon as reasonably practicable thereafter.

  • The Top-Up Right Acceptance Notice shall specify the number of Common Shares subscribed for the by the Investor pursuant to the Top-Up Right.

  • In no event shall the exercise of the Participation Right and Top-Up Right in accordance with this Article 3 result in the Investor Percentage being equal to or above 20%, unless and until the Corporation has first received the requisite TSXV and shareholder approvals in accordance with the policies of the TSXV (or such approvals as may be required pursuant to the rules of any other stock exchange on which the Common Shares are listed) and with Canadian Securities Laws.

  • If the Investor fails to deliver a Top-Up Right Acceptance Notice within the Top-Up Right Notice Period, then the Top-Up Right of the Investor in respect of the issuances of Top-Up Shares during the applicable fiscal year is extinguished.


More Definitions of Top-Up Right

Top-Up Right has the meaning specified in Section 2.8(1) of this Amendment.
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Top-Up Right has the meaning set forth in Section 3.8(a).
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Top-Up Right has the meaning ascribed to such term in Section 5.2(1).
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Top-Up Right shall have the meaning set forth in Section 6.4.
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Top-Up Right has the meaning assigned thereto in Section 6.04(1).
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Top-Up Right has the meaning set out in Section 2.2; and
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Top-Up Right has the meaning ascribed to such term in Section 5.2(1). "Top-Up Right Subscription Notice" has the meaning ascribed to such term in Section 5.2(3).
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