Penalty Provision definition

Penalty Provision has the meaning set forth in Section 4.1(a);

Penalty Provision means section 78(3) or (4), 83, 93, 95, 103(1),

Penalty Provision has the meaning given to it above;

Examples of Penalty Provision in a sentence

• The supplier may continue the supply of unexecuted quantity after the issue of Amendment for Delivery period extension, however liquidated damages as specified in Penalty Provision of the tender conditions, will be levied on the quantity supplied after the expiry of original DP).

• Penalty Provision If the treaty renewal slip/s was/were not submitted within thirty (30) calendar days after expiry, the Winning Bidder shall pay the penalty of one tenth (1/10) of one (1) percent of the Retained Portion of the Contract Price for every day of delay.

• The Corporation further agreed that in the event that the Qualification Event was not completed on or before 5:00 pm (EST) on the date that is 60 days following the date of issuance of the Special Warrants (the "Qualification Deadline"), each unexercised Special Warrant will thereafter entitle the holder to receive, upon the exercise thereof, at no additional cost, 1.1 Units per Special Warrant (instead of one (1) Unit) (the "Penalty Provision").

• Each Special Warrant is convertible into one unit of the Corporation (each, a "Unit") without payment of any additional consideration upon certain conditions being met, subject to adjustment in certain circumstances and the Penalty Provision (as defined herein).

• The supplier may continue the supply of unexecuted quantity after the issue of Amendment for Delivery period extension, however liquidated damages as specified in Penalty Provision of the tender conditions, will be levied on the quantity supplied after the expiry of original DP.

More Definitions of Penalty Provision

Penalty Provision means a provision in an agreement in terms of which any person becomes liable to pay a sum of money or deliver or perform anything for the benefit of a promisee either by way of penalty or liquidated damages in respect of an act or omission in conflict with any obligation under any agreement”. (My emphasis)

Penalty Provision means, with respect to the conversion of the Special Warrants, in the event

Penalty Provision has the meaning set forth above in paragraph 7;

Penalty Provision means the provision of the Special Warrant Indenture which provides for the issuance of an additional 0.05 Common Shares and 0.025 of one Warrant to certain holders of Special Warrants if the preliminary short form prospectus of the Corporation qualifying the distribution of Common Shares and Warrants issuable upon exercise of the Special Warrants has not been filed and a receipt for such preliminary short form prospectus is not obtained from the Securities Commissions in the Selling Jurisdictions by July 11, 2018 with the Securities Commissions in the Selling Jurisdictions, being 10 Business Days after the closing date of the Offering, as further outlined in the Special Warrant Indenture;

Penalty Provision has the meaning ascribed thereto in Section 2.3(b);

Penalty Provision shall have the meaning ascribed thereto on the second page of this Agreement;

Penalty Provision means the provision of the Special Warrant Indenture which provides for the issuance of an additional 0.10 Common Shares and 0.10 of one Warrant to certain holders of Special Warrants if the final short form prospectus of the Corporation qualifying, among other things, the distribution of the Common Shares and Warrants issuable upon the exercise or deemed exercise of the Special Warrants has not been filed and a receipt for such final short form prospectus is not obtained from the Securities Commissions by January 6, 2019 with the Securities Commissions, being 60 days after the closing date of the Offering, as further outlined in the Special Warrant Indenture;