Acceleration Provision definition

Acceleration Provision has the meaning set forth in Section 2.2;

Acceleration Provision means that, in the event the volume weighted average closing price of the Common Shares trades on a stock exchange at $1.00 or more for 10 consecutive trading days at any time subsequent to the expiry of six months from the date of issuance of the Warrants, then the Corporation will earn the right, by providing notice (the "Acceleration Notice") to the Warrant holders, to accelerate the Expiry Date of the Warrants to the date which is 30 days from the date of the Acceleration Notice;

Acceleration Provision means the right by the Company (or any successors to the foregoing), in the event that the Common Shares have a closing price on a recognized North American securities exchange of $2.50 or greater per Common Share for a period of thirty (30) consecutive trading days at any time from the Issue Date, to accelerate the expiry date of the Warrants by giving notice to the holder thereof (by disseminating a news release advising of the acceleration of the expiry date of the Warrants) and, in such case, the Warrants will expire on the thirtieth (30th) day after the date of such notice;

Examples of Acceleration Provision in a sentence

• The Executive agrees that any Non-CIC Duplicative Acceleration Provision is hereby deleted and of no further force or effect.

• Subject to the Acceleration Provision, the Optionee may exercise the Option on or before the Expiry Date by the delivery of the Exercise and Conversion Notice and the payment of the Exercise Price to the Optionor.

• As of the date hereof, the effect of the Change in Acceleration Provision is that if you cease to be a director of Met-Pro prior to the vesting of any stock options that were granted to you by Met-Pro prior to the date hereof, then all such unvested stock options shall accelerate and be exercisable upon the date that you cease to be a director of Met-Pro.

• The Finder Warrants contain the same Acceleration Provision as the Warrant comprising the Unit.The net proceeds from the Offering will be used to fund exploration activities for 2016 and for working capital and general corporate purposes.The Company’s capital consists of items in shareholders’ equity of $1,014,917 as at January 31, 2016 compared to $1,001,964 as at October 31, 2015.

• The share purchase warrants to be issued to Ascenta shall not be subject to the Acceleration Provision.

• Our PRSU program is designed for certain key employees, including our named executives, and rewards these employees based upon the achievement of financial performance goals and stock price appreciation.Double-Trigger Acceleration Provision.

• Each Broker Warrant entitles the holder thereof to purchase one (1) Common Share at an exercise price of$0.22 for a period of thirty-six (36) months from the Closing, subject to the Acceleration Provision.

• Each Broker Warrant entitles the holder thereof to acquire one Unit at a price of $0.03 per Unit for a period of two years from the date of issuance, subject to acceleration in accordance with the Acceleration Provision.

• Each Placement Agent’s Warrant permits the purchase of one Warrant Share for two years from the Closing Date at the greater of the Unit Price and the five day VWAP preceding notice of the Offering to the TSX and is subject to the Acceleration Provision.

• The Class A Warrants and the Class B Warrants will be subject to the Acceleration Provision (as defined herein).

More Definitions of Acceleration Provision

Acceleration Provision means that the Due Date of the Note may be accelerated from the date listed above based on certain terms and conditions as further delineated below.

Acceleration Provision means the accelerated expiry of warrants issued in connection with the Transaction Financings in the event the daily trading price of the AmWolf Shares or Resulting Issuer Shares, as applicable, equals or exceeds $0.50 on the TSXV (or such other exchange on which the AmWolf Shares or Resulting Issuer Shares, as applicable, may be traded) for 20 consecutive trading days after the date that is four months and one day from the closing of each respective Transaction Financing, whereby AmWolf or the Resulting Issuer, as applicable, may accelerate the expiry date of the warrants by giving notice via news release to the holders thereof and, in such case, the warrants will expire on the 30th day after the date on which the news release is disseminated by AmWolf or the Resulting Issuer, as applicable;

Acceleration Provision means an individual’s right to receive accelerated vesting of any outstanding Company RSU, Company PSU or Company Option as set forth in an individual employment agreement or pursuant to the MobileIron, Inc. Severance Benefit Plan, in each case as set forth in Section 1.1(a) of the Company Disclosure Letter.

Acceleration Provision means the provision of the Unit Warrants stating that if the volume weighted average closing price of the common shares trade on a stock exchange at $0.25 or more for 10 consecutive trading days from the date of issuance of the Unit Warrants, then the Corporation will have the right, by providing the Acceleration Notice to the Unit Warrant holders, to accelerate the Expiry Date of the Unit Warrants to that date which is 20 days from the date of the Acceleration Notice.