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
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.
More Definitions of Acceleration Provision
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.
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.