Accelerated Expiry definition

Accelerated Expiry means the accelerated expiry of the Subscription Receipt Warrants issuable upon conversion of the Subscription Receipts, which may be invoked by the Company if, over a period of 10 consecutive trading days following the date of issuance of the Subscription Receipt Warrants, the volume weighted average trading price of the Common Shares on the TSXV equals or exceeds $0.60 on each of those 10 consecutive days, by the Company giving notice in writing to the holders of the Subscription Receipt Warrants that the Subscription Receipt Warrants shall expire on the date that is the earlier of (i) the 30th day following the giving of such notice unless exercised by the holders prior to such date, and (ii) the original expiry date of the Subscription Receipt Warrants; “AI”“BCBCA” means artificial intelligence;means the Business Corporations Act (British Columbia); “Bitcoin” or “Bitcoin Cash” means a type of a Virtual Currency based on an open-source math- based protocol existing on the Bitcoin Network and utilizing cryptographic security; “Bitcoin Network” means the online, end-user-to-end-user network hosting the public transaction ledger, known as the Blockchain, and the source code comprising the basis for the math-based protocols and cryptographic security governing the Bitcoin Network; “Block” means a packet of data containing information on past transactions, which in combination make up a Blockchain network; “Blockchain” means a distributed ledger comprised of Blocks that serves as a historical transaction record of all past transactions and can be accessed by anyone with appropriate permissions. Blocks are chained together using cryptographic signatures; “Board of Directors” means the board of directors of the Company; “coincurve.com” means the Company’s Virtual Currency platform that enables users to buy, sell and spend Virtual Currency and that is accessible at www.coincurve.com; “Crypto Assets” means virtual currencies held by the Company either as long-term investment or for operational purposes; “Financial Statements” means the audited annual financial statements of the Company for the years ended February 28, 2023, and February 28, 2022; “Interlapse” means Interlapse Technologies Corp. prior to completion of the Acquisition and its change of name to “LQwD FinTech Corp.” upon completion of the Acquisition; “Lightning Network” means the decentralized payment processing network that operates on top of the Bitcoin Network and allows users to stake Bitcoin o...
Accelerated Expiry has the meaning set forth in section 3.5; “Acceleration Notice” has the meaning set forth in section 3.5;
Accelerated Expiry means the right of the Company to elect to accelerate the expiry date of the April 2023 Warrants in the event that the volume weighted average trading price of the Company’s Common Shares on any recognized stock exchange equals or exceeds $2.00 for any five

Examples of Accelerated Expiry in a sentence

  • Such written notice shall identify in reasonable detail the particulars of the acceleration event and identify the date (the "Warrant Accelerated Expiry Date") set for accelerated expiry, which in no event shall be less than 30 days after the mailing date of the written notice.

  • If the Purchaser does not exercise those remaining Warrants subjected to the Second Acceleration by the Second Accelerated Expiry Date, then those Warrants shall be deemed to be cancelled and have no force and effect.

  • For greater certainty, all Warrants shall expire and be of no further force or effect as of 4:30 pm (Pacific Time) on the Warrant Accelerated Expiry Date.

  • If the Purchaser does not exercise those Warrants subjected to the First Acceleration by the First Accelerated Expiry Date, then those Warrants shall be deemed to be cancelled and have no force and effect.

  • 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.

  • Each warrant will entitle the holder to purchase one additional common share at a price of $0.60 per warrant for a period of three years from the closing of the June 2019 Offering, subject to the Accelerated Expiry.

  • If at any time commencing 4 months from the date the warrants are issued, if for the preceding 7 consecutive trading days, the daily volume weighted average trading price of the Company's shares is greater than $0.75, the Company may accelerate the expiry date of the warrants by giving notice to the holders thereof and in such case the warrants will expire on the 30th calendar day after the date of such notice ("Accelerated Expiry").

  • Each warrant will entitle the holder to purchase one additional common share at a price of $0.60 per warrant for a period of three years from the closing of the January 2019 Offering, subject to the Accelerated Expiry.

  • 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.

  • This section is applicable to returns and claims for refund filed, and advice pro- vided, after December 31, 2008.[T.D. 9436, 73 FR 78458, Dec.

Related to Accelerated Expiry

  • Stated Expiry Date is defined in Section 2.6.

  • Stated Expiration Date has the meaning specified in Section 3.05(d).

  • Scheduled Expiration Date is defined in Schedule 1 to the Lease.

  • Delivery Period Expiry Date “Downgraded Facility”, “Downgrade Event”, “Equipment Notes”, “Fee Letter”, “Final Legal Distribution Date”, “Financing Agreement”, “Investment Earnings”, “Liquidity Facility”, “Liquidity Obligations”, “Loan Trustee”, “Non-Extended Facility”, “Note Purchase Agreement”, “Operative Agreements”, “Participation Agreement”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

  • L/C Expiration Date means the day that is thirty days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Option Expiration Date means the last day of the maximum term of an Option.

  • Cure Expiration Date has the meaning set forth in Section 8.04(a).

  • Initial Expiration Date is defined in Section 1.1(c) of the Agreement.

  • Term Expiration Date means the earlier of (i) the date that is thirty (30) years after the Term Commencement Date; provided that if such date occurs within an NFL Season or within thirty (30) days following an NFL Season, such date shall be automatically extended to the date that is thirty (30) days following the end of such NFL Season, as applicable, or (ii) the date on which the Stadium Lease is terminated pursuant to the express rights and terms of the Stadium Lease.

  • Final Expiration Date shall have the meaning set forth in Section 7(a) hereof.

  • Commitment Expiration Date means the date on which IHCDA’s commitment under the Program expires.

  • Release Expiration Date means the date that is twenty-one (21) days following the date upon which the Company timely delivers to Executive the Release (which shall occur no later than seven (7) days after the Date of Termination), or in the event that such termination of employment is “in connection with an exit incentive or other employment termination program” (as such phrase is defined in the Age Discrimination in Employment Act of 1967, as amended), the date that is forty-five (45) days following such delivery date.

  • Lease Expiration Date means the later of (i) the date of the final payment in full of the French Advances and (ii) the Vehicle Lease Expiration Date for the last Lease Vehicle leased by the Lessee hereunder. The “Term” of this Agreement shall mean the period commencing on the Lease Commencement Date and ending on the Lease Expiration Date.

  • Accelerated Maturity Date means if the Company elects to accelerate the Maturity Date in accordance with Section 2.2(c), the date selected by the Company which is prior to the Scheduled Maturity Date, but is after March 31, 2002.

  • Warrant Expiration Date means 5:00 P.M. (New York time) on __________, 2001 or the Redemption Date as defined in Section 8, whichever is earlier; provided that if such date shall in the State of New York be a holiday or a day on which banks are authorized or required to close, then 5:00 P.M. (New York time) on the next following day which in the State of New York is not a holiday or a day on which banks are authorized or required to close. Upon notice to all warrantholders the Company shall have the right to extend the warrant expiration date.

  • Swingline Expiry Date means that date which is five Business Days prior to the Revolving Loan Maturity Date.

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Commitment Expiry Date means the earliest to occur of (i) the date on which all amounts due and owing to the CP Conduit Purchasers and the Committed Purchasers under the Receivables Transfer Agreement and the other Transaction Documents have been paid in full, (ii) the date on which the Aggregate Commitment has been reduced to zero pursuant to the Receivables Transfer Agreement, (iii) The Termination Date, and (iv) December 31, 2007.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Offer Expiration Date has the meaning set forth in the definition of “Offer to Purchase.”

  • License expiration date means June 30 of even-numbered years.

  • Additional Accelerated Purchase Date means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, the Business Day (i) that is the Accelerated Purchase Date with respect to the corresponding Accelerated Purchase referred to in clause (i) of the proviso in the second sentence of Section 2(c) hereof and (ii) on which the Investor receives, prior to 1:00 p.m., Eastern time, on such Business Day, a valid Additional Accelerated Purchase Notice for such Additional Accelerated Purchase in accordance with this Agreement.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.