Acceleration of Expiry Date. (a) In the event the volume weighted average closing price of the Corporation’s Common Shares on the Toronto Stock Exchange is US$1.40 per share or more for
Acceleration of Expiry Date. If at any time when an Option granted under the Plan remains unexercised with respect to any Unissued Option Shares, an Offer is made by an offeror, the Board may, upon notifying each Optionee of full particulars of the Offer, declare all Option Shares issuable upon the exercise of Options granted under the Plan, Vested, and declare that the Expiry Date for the exercise of all unexercised Options granted under the Plan is accelerated so that all Options will either be exercised or will expire prior to the date upon which Shares must be tendered pursuant to the Offer. After a declaration by the Board under this Section 4.6, the provisions of Section 4.5 will continue to apply to the Option.
Acceleration of Expiry Date. If at any time when the Option remains unexercised with respect to any unissued Option Shares, an Offer is made by an offeror, the Directors may, upon notifying each Optionee of full particulars of the Offer, declare all Option Shares issuable upon the exercise of an Option vested, and declare that the Expiry Date for the exercise of all unexercised Options is accelerated so that all Options will either be exercised or will expire prior to the date upon which Shares must be tendered pursuant to the Offer.
Acceleration of Expiry Date. Subject to adjustment in accordance with Section 4.1, if an Acceleration Trigger Event shall have occurred, the Corporation shall be entitled, at its option, to exercise the Acceleration Right by delivery of an Acceleration Notice, provided an Acceleration Notice is provided to the Warrant Agent and Warrantholders pursuant Sections 10.1 and 10.2 and to the Underwriter in accordance with the notice provisions contained in the Underwriting Agreement, within one Trading Day following the occurrence of an Acceleration Trigger Event. Concurrently with the delivery of an Acceleration Notice the Corporation shall issue a press release announcing the reduced Warrant Term. All Warrants that remain unexercised following the Accelerated Expiry Date shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holder.
Acceleration of Expiry Date. If, at any time when an option granted under this Plan remains unexercised with respect to any unissued Option Shares, an Offer is made by an offeror, the Board may, upon notifying each Optionee of full particulars of the Offer, declare all Option Shares issuable upon the exercise of options granted under this Plan vested, and declare that the Expiry Date for the exercise of all unexercised options granted under this Plan is accelerated so that all options shall either be exercised or shall expire prior to the date upon which Shares must be tendered pursuant to the Offer.
Acceleration of Expiry Date. Subject to adjustment in accordance with Article 4, the expiry date of the Warrants may be accelerated by the Corporation at any time following the earlier of (i) issuance of permits necessary to construct the Corporation’s NorthMet Project, and (ii) the 12-month anniversary of the Issue Date provided that the closing price of the Common Shares on the NYSE MKT is US$1.50 per share or higher for 20 consecutive trading days (the “Acceleration Triggering Event”), at which time the Corporation may accelerate the expiry date by issuing a press release (the “Acceleration Press Release”) announcing the reduced warrant term whereupon the Warrants will expire on the 20th Business Day after the date of such press release (the “Accelerated Expiry Date”). All Warrants that remain unexercised following the Accelerated Expiry Time shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holder.
Acceleration of Expiry Date. Notwithstanding anything contained in Section 1, upon the occurrence of a Forced Exchange Event (as such term is defined in the amended and restated limited liability company agreement of REAL PIPE, LLC dated the date hereof among the Corporation, REAL PIPE, LLC and the entities listed as members on the signature pages thereto (the “LLC Agreement”)), the Corporation may, at its option, accelerate the Expiry Date by issuing to the Holder a written notice (a “Acceleration Notice”) in contemplation of a Forced Exchange Event and, in such case, the Expiry Date shall be deemed to be: (a) in the case of (i) and (ii) of the definition of a Forced Exchange Event, 5:00 p.m. (Toronto time) on the 15th day following the issuance of the Acceleration Notice and (b) in the case of (iii) of the definition of a Forced Exchange Event, concurrent with the Change of Control (as such term is defined in the LLC Agreement).
Acceleration of Expiry Date. Subject to adjustment in accordance with Article 4, at any time after the Issue Date and ending at the Time of Expiry, if the 20 trading day volume weighted average price of the Common Shares on the Toronto Stock Exchange (or such other stock exchange or quotation system on which the Corporation's shares are listed and where a majority of the trading volume occurs), exceeds $20.15, the Corporation may, within five Business Days after such an event, provide notice (the "Acceleration Notice") to the Warrantholders advising that the Warrants will expire on the Accelerated Time of Expiry on the date which is 30 days after the date of the Acceleration Notice (the "Accelerated Expiry Date") if not exercised prior to the Accelerated Time of Expiry.
Acceleration of Expiry Date. Subject to adjustment in accordance with Article 4, the expiry date of the Warrants may be accelerated by the Corporation at any time following the nine month anniversary of the Closing Date and prior to the expiry date of the Warrants if the volume-weighted average trading price of the Corporation's common shares on the principal market on which such shares trade is equal to or greater than $13.50 for any 20 consecutive trading days (the “Acceleration Triggering Event”), at which time the Company may accelerate the expiry date by issuing a press release (the “Acceleration Press Release”) announcing the reduced warrant term whereupon the Warrants will expire on the 20th calendar day after the date of such press release (the “Accelerated Expiry Date”). In the event that the Corporation fails to file a registration statement on or before August 31, 2015 per Section 3(g) of the Underwriting Agreement dated May 13, 2015 entered into by the Corporation in respect of the Offering, the expiry of the Warrants may not be accelerated until the 15 month anniversary following the Closing Date. All Warrants that remain unexercised following the Accelerated Expiry Time shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holder.
Acceleration of Expiry Date. Subject to adjustment in accordance with Section 4.1, if at any time after the Issue Date and prior to the Expiry Date of the Warrants, provided the closing price of the Common Shares equals or exceeds $4.00 for 20 consecutive Trading Days, the Corporation may, within 30 days of the 20th Trading Day in such 20 consecutive Trading Day period, deliver a notice to the Warrantholders to accelerate the expiry date of the Warrants such that the Warrants will expire at 4:00 pm (Vancouver time) on the 30th day after the date of such notice (the “Accelerated Expiry Date”). All Warrants that remain unexercised following the Accelerated Expiry Date shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holder.
