Late Issuance Sample Clauses

Late Issuance. Upon conversion of this Convertible Debenture, in whole or in part, if the Holder does not receive the Common Shares within three (3) trading days after the conversion of this Convertible Debenture (a “Late Issuance”), the Corporation shall pay to the Holder the greater of (i) one thousand dollars (CAD$1,000) per trading day of delay in the delivery of the Common Shares, and (ii) an amount equal to the difference (if positive) between the closing price of the Common Shares four (4) trading days after the conversion of this Convertible Debenture and the closing price of the Common Shares on the trading day immediately prior to the date on which the relevant Common Shares are effectively issued to the Holder, for each new Common Share which was issued upon the relevant conversion of the Debentures. Notwithstanding the foregoing, if, prior to the delivery of the relevant Common Shares to the Holder, an Event of Default occurs of the type described in clause (ii) of the definition thereof and the Holder elects to require the Corporation to immediately to pay in cash all or any of this Convertible Debenture in respect of such Late Issuance in accordance with Section 2.1(b), then the Corporation shall pay to the Holder the amount calculated in accordance with this Section 2.6, up to and including the date the Holder’s notice to the Corporation of its redemption election is to be delivered pursuant to Section 2.1(b) concurrently with the redemption payment for the amount of the Outstanding Principal of this Convertible Debenture so redeemed. The Corporation shall pay any payments incurred under this section in immediately available funds upon demand.
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Late Issuance. Upon exercise of the right to subscribe and purchase Warrants Shares as provided herein, in whole or in part, if the Holder does not receive the Common Shares within ten
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Late Issuance. Upon conversion of the Debentures or exercise of the Warrants, if the Investor does not receive the relevant Common Shares within three (3) trading days after the date of such conversion or exercise (as applicable, a Late Issuance), the Corporation shall pay to the Investor the greater of (i) one thousand dollars ($1,000) per trading day of delay in the delivery of the Common Shares; and (ii) an amount equal to the difference (if positive) between the closing price of the Common Shares four (4) trading days after the date of such conversion or exercise, as applicable, and the closing price of the Common Shares on the trading day immediately prior to the date on which the relevant Common Shares are issued to the Investor, for each new Common Share which was issued upon the relevant conversion of the Debentures or the relevant exercise of the Warrants, as applicable. Notwithstanding the foregoing, if, prior to the delivery of the relevant Common Shares to the Investor, an Event of Default occurs of the type described in clause (ii) of the definition thereof and the Investor elects to require the Corporation to immediately redeem in cash all or any of its Debentures subject to the conversion in respect of such Late Issuance in accordance with Section 2.2(d), then the Corporation shall pay to the Investor the amount calculated in accordance with this Section 2.2(e), up to and including the date the Investor’s notice to the Corporation of its redemption election is to be delivered pursuant to Section 2.2(d) concurrently with the redemption payment for the Debentures so redeemed. The Corporation shall pay any payments incurred under this section in immediately available funds upon demand.
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Late Issuance. Upon exercise of the right to subscribe and purchase Warrants Shares as provided herein, in whole or in part, if the Holder does not receive the Common Shares within ten (10) trading days (a “Late Issuance”), the Corporation shall pay to the Holder the greater of (i) one thousand dollars (US$1,000) per trading day of delay in the delivery of the Common Shares, and (ii) an amount equal to the difference (if positive) between the closing price of the Common Shares eleven (11) trading days after delivery of the executed Subscription Form and the closing price of the Common Shares on the trading day immediately prior to the date on which the relevant Common Shares are effectively issued to the Holder, for each new Common Share which was issued upon the relevant exercise of the right to subscribe and purchase Warrants Shares. For the purpose of this Section 17 only, “trading day” has the meaning specified in the Subscription Agreement.
Sample 1
Late Issuance. Upon conversion of Debentures, if the holder does not receive the relevant Common Shares within five (5) trading days (a Late Issuance), the Corporation shall pay to the holder the greater of (i) one thousand dollars ($1,000) per trading day of delay in the delivery of the Common Shares; and (ii) an amount equal to the difference (if positive) between the closing price of the Common Shares six (6) trading days after the Conversion Notice date and the closing price of the Common Shares on the trading day immediately prior to the date on which the relevant Common Shares are issued to the holder, for each new Common Share which was issued upon the relevant conversion of the Debentures. Notwithstanding the foregoing, if, prior to the delivery of the relevant Common Shares to the holder, an Event of Default occurs of the type described in clause
Sample 1
Late Issuance. Upon exercise of the right to subscribe and purchase Warrants Shares as provided herein, in whole or in part, if the Holder does not receive the Common Shares within ten (10) trading days (a “Late Issuance”), the Corporation shall pay to the Holder the greater of
Sample 1
Late Issuance. Upon conversion of the Debentures and the exercise of the Warrants, in whole or in part, if the Investor does not receive a copy of the DRS advice reflecting the issuance of the relevant Common Shares to be issued with respect to the conversion of such Debentures and/or exercise of such Warrants within two (2) Business Days following the delivery of a Conversion Notice or Warrant Exercise Notice (as applicable, a “Late Issuance”), the Corporation shall pay to the Investor the greater of (i) one thousand dollars ($1,000) per Business Day of delay in the delivery of the DRS advice with respect to the relevant Common Shares; and (ii) for each Common Share issued upon the conversion of the Debentures or the exercise of the Warrants, as applicable, an amount equal to the difference (if positive) between
Sample 1
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Late Issuance. Upon conversion of the Outstanding Principal, in whole or in part, if the Holder does not receive a copy of the DRS advice reflecting the issuance of the relevant Common Shares to be issued with respect to the conversion of such Debentures within two (2) Business Days following delivery of a Conversion Notice or the Maturity Date (a “Late Issuance”), as applicable, the Corporation shall pay to the Holder the greater of: (a) one thousand dollars ($1,000) per Business Day of delay in the delivery of the DRS advice with respect to the relevant Common Shares; and (b) for each Conversion Share which issued upon the relevant conversion of Outstanding Principal, an amount equal to the difference (if positive) between (i) the closing price of the Common Shares two (2) Business Days after the date of delivery of the Conversion Notice or the Maturity Date, as applicable, and (ii) the closing price of the Common Shares on the Business Day immediately prior to the date on which the DRS advice with respect to the relevant Conversion Shares is delivered to the Holder. Notwithstanding the foregoing, in connection with a Late Issuance, if, prior to the delivery to the Holder of the DRS advice with respect to the relevant Conversion Shares, an Event of Default occurs of the type described in clause (b) of the definition thereof and the Holder elects to require the Corporation to immediately redeem in cash all or any of this Convertible Debenture in respect of such Late Issuance in accordance with Section 2.2(b), then the Corporation shall pay to the Holder the amount calculated in accordance with this Section 2.6, up to and including the date the Holder’s notice to the Corporation of its redemption election is to be delivered pursuant to Section 2.2(b) concurrently with the redemption payment for the amount of the Outstanding Principal so redeemed. The Corporation shall pay any payments incurred under this section in immediately available funds upon demand.
Sample 1
Late Issuance. Upon exercise of the Warrants, in whole or in part, if the Holder does not receive a copy of the DRS advice reflecting the issuance of the relevant Warrant Shares to be issued with respect to the exercise of such Warrants within two (2) Business Days following the delivery of an Exercise Notice (a “Late Issuance”), the Company shall pay to the Holder the greater of (i) one thousand dollars ($1,000) per business day of delay in the delivery of the DRS advice with respect to the relevant Warrant Shares; and (ii) for each new Warrant Share which was issued upon the relevant exercise of the Warrants, an amount equal to the difference (if positive) between‌
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Related to Late Issuance

  • Late Fee All overdue accrued and unpaid interest to be paid hereunder shall entail a late fee at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law (the “Late Fees”) which shall accrue daily from the date such interest is due hereunder through and including the date of actual payment in full.

  • Late Charge If a payment is 10 days or more late, Borrower will be charged 5.000% of the unpaid portion of the regularly scheduled payment.

  • Interest on Overdue Amounts 22.1 Any Licence Fee which is payable and remains unpaid for a period in excess of 30 (thirty) days from the date of the invoice, will attract interest at the current legal rate, calculated in accordance with the interest rate prescribed by the Minister of Justice in accordance with the Prescribed Rate of Interest Act 55 of 1975, as amended.

  • Time Off in Lieu of Overtime Employees who work overtime will not be required to take time off in regular hours to make up for overtime worked. Time off in lieu may be taken on a mutually agreed upon basis between the employee and the Hospital, such time off will be the equivalent of the premium rate the employee has earned for working overtime. The Hospital shall revert to payment of premium rate if time off is not taken within ninety (90) calendar days of the work week in which the overtime was earned or, with the employee’s agreement, within 12 months of that work week.

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