Examples of Penalty Date in a sentence
The Company also agrees that if the Filing Date exceeds 45 days or the date the registration statement is declared effective (the "Effective Date") exceeds 90 days from the Filing Date (“Penalty Date” collectively the "Penalty Dates"), a penalty of two percent (2%) per month, of the Face Amount of the Debenture, shall accrue for each month the Filing Date and/or the Effective Date exceeds the Penalty Date, pro-rated for partial periods.
Thereafter, for each ninety (90) day period after the Penalty Date that such Common Shares remain unregistered, the Conversion Price shall be reduced by an additional five percent.
The Company also agrees that if the Filing Date exceeds 45 days or the date the registration statement is declared effective (the "Effective Date") exceeds 90 days from the Filing Date (“Penalty Date” collectively the "Penalty Dates"), a penalty of two percent (2%) per month, of the Face Amount of the Preferred, shall accrue for each month the Filing Date and/or the Effective Date exceeds the Penalty Date, pro-rated for partial periods.
At least 45 days before each Imposition Penalty Date, Borrower will deliver to the Accumulations Depositary any bills and other documents that are necessary to pay the Taxes and Assessments.
The Company also agrees that if the Filing Date exceeds 45 days or the Effective Date exceeds 90 days from the Filing Date ("Penalty Date" collectively the "Penalty Dates"), a penalty of two percent (2%) per month, of the Face Amount of the Debenture, shall accrue for each month the Filing Date and/or the Effective Date exceeds the Penalty Date, pro-rated for partial periods.