Warrant Acceleration definition

Warrant Acceleration means in the case of a Trigger Event, the option of the Corporation to accelerate the Expiry Date to the date that is 30 days from the Trigger Event;

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Warrant Acceleration means Cannex’s (or the Issuers’) option to accelerate the Cannex Warrants (or the Arco Warrants or the Issuer Warrants), as applicable, at any time in the event that the volume- weighted average closing price of the Cannex Shares (or the Arco Shares or the Issuer Shares), as applicable, on the CSE (or any other exchange on which such shares primarily trade from time to time, is greater than or equal to $2.25 for a period of 20 consecutive trading days, by giving notice to the holders thereof and, in such case, such warrants will expire at 4:00 pm (Toronto time) on the earlier of (i) the 30th day after the date on which such notice is given by Cannex (or Arco or the Issuer), as applicable, in accordance with the terms of such warrants, and (ii) the actual expiry date of such warrants.

Warrant Acceleration means the warrant acceleration right exercisable by the Company if, at any time following the date that is 4 months and 1 day from February 17, 2021, the daily volume weighted average trading price of the Common Shares on the CSE is greater than $0.70 for the preceding 5 consecutive trading days.

Examples of Warrant Acceleration in a sentence

LM has registration rights under the Warrant Acceleration and Registration Rights Agreement with respect to the Equity Securities.
In the event that the Loan Purchase Agreement is terminated as a result of any of the below events, each of which would constitute a “Termination Event” (as defined in the Loan Purchase Agreement), such event shall constitute an “LPA Warrant Acceleration Event” for purposes of Section 9.7(b) of the Agreement.
In the event that the Exercise Price is adjusted pursuant to this Article 4, the Warrant Acceleration Threshold Price shall be correspondingly adjusted, such that the ratio between the Exercise Price and the Warrant Acceleration Threshold Price remains equivalent to the ratio of such amounts on the Closing Date.
No Warrants may be issued or exercised after the new Expiry Date specified in such Warrant Acceleration Press Release and the press release, and all unexercised Warrants shall be void and of no effect following the new Expiry Date.

More Definitions of Warrant Acceleration

Warrant Acceleration means Cannex’s (or the Resulting Issuers’) option to accelerate the Cannex Warrants (or the Resulting Issuer Warrants), as applicable, at any time in the event that the volume-weighted average closing price of the Cannex Shares (or the Arco Shares or the Resulting Issuer Shares), as applicable, on the CSE (or any other exchange on which such shares primarily trade from time to time, is greater than or equal to $2.25 for a period of 20 consecutive trading days, by giving notice to the holders thereof and, in such case, such warrants will expire at 4:00 pm (Toronto time) on the earlier of (i) the 30th day after the date on which such notice is given by Cannex (or Arco or the Resulting Issuer), as applicable, in accordance with the terms of such warrants, and (ii) the actual expiry date of such warrants.

Warrant Acceleration means the right of the Company to reduce the exercise period of the Warrants in the event the Company’s Shares trade at or above $0.30 per Share for a period of 20 consecutive trading days, to not less than 30 days following the Company giving notice of such acceleration.

Warrant Acceleration has the meaning ascribed to such term above; and