Penalty Provision definition
Penalty Provision has the meaning set forth in Section 4.1(a);
Penalty Provision means section 78(3) or (4), 83, 93, 95, 103(1),
Penalty Provision has the meaning given to it above;
Examples of Penalty Provision in a sentence
Paragraph: If the Tenant early terminates the Agreement on the terms outlined in this Provision, there shall be no application of the Penalty Provision or collection of any additional sums on any title.
In the event that the Tenant early terminates the Agreement on the terms set forth in this Provision, there shall be no application of the Penalty Provision or collection of any additional sums on any title.
In the event that the Penalty Provision is triggered, the Corporation hereby agrees that 2,052,750 Warrants shall be issued.
In the event that the Penalty Provision is triggered, the Corporation hereby agrees that up to [●] Warrants shall be issued.
Second non- conformance - Penalty Provision of insufficient and/or inadequate resource requirements Deduction of rate per trip of the applicable route.
More Definitions of Penalty Provision
Penalty Provision means a provision in an agreement in terms of which any person becomes liable to pay a sum of money or deliver or perform anything for the benefit of a promisee either by way of penalty or liquidated damages in respect of an act or omission in conflict with any obligation under any agreement”. (My emphasis)
Penalty Provision means the provision in the Special Warrant Indenture whereby, if the Qualification Date has not occurred in a Designated Jurisdiction on or before the Qualification Deadline, each holder of Special Warrants in such Designated Jurisdiction shall be entitled to acquire one Unit plus an additional 0.1 of a Unit (for a total of 1.1 Units) per Special Warrant exercised or automatically exercised by such holder, each such 1.1 Units being comprised of 1.1 Common Shares and 1.1
Penalty Provision has the meaning ascribed to such term on the third page of this Agreement;
Penalty Provision means the provision of the Special Warrant Indenture which provides for the issuance of an additional 0.05 Common Shares and 0.025 of one Warrant to certain holders of Special Warrants if the preliminary short form prospectus of the Corporation qualifying the distribution of Common Shares and Warrants issuable upon exercise of the Special Warrants has not been filed and a receipt for such preliminary short form prospectus is not obtained from the Securities Commissions in the Selling Jurisdictions by July 11, 2018 with the Securities Commissions in the Selling Jurisdictions, being 10 Business Days after the closing date of the Offering, as further outlined in the Special Warrant Indenture;
Penalty Provision means the provision of the Special Warrant Indenture whereby, if the Qualification Date has not occurred on or prior to 5:00 p.m. (EST) on the date that is 60 days following March 31, 2022, each holder of Special Warrants shall acquire, at no additional cost or further action by the holder, 1.1 Units per unexercised Special Warrant, instead of 1.0 Units, by automatic exercise at 5:00 p.m. (EST) on the Qualification Date Expiry, each such 1.1 Units being comprised of 1.1 Common Shares and 1.1 Warrants, provided however, that any fractional additional Unit entitled will be rounded up to the next greater whole number of Units if the fractional entitlement is equal to or great than 0.5 and shall, without any additional compensation, be rounded down to the next lesser whole number of Units if the fractional entitlement is less than 0.5 and, in calculating such fractional interests;
Penalty Provision means the provision of the Special Warrant Indenture whereby, if the Qualification Date has not occurred on or prior to 5:00 p.m. (Toronto Time) on the date that is four months following March 27, 2023, each holder of Special Warrants shall acquire, at no additional cost or further action by the holder thereof, one Penalty Unit per unexercised Special Warrant, by automatic exercise at 5:00 p.m. (Toronto Time) on the Qualification Date Expiry, with each Penalty Unit being comprised of 1.2 Warrants and 1.2 Common Shares, provided however, that any fractional additional Penalty Unit entitled will be rounded up to the next greater whole number of Penalty Units if the fractional entitlement is equal to or great than 0.5 and shall, without any additional compensation, be rounded down to the next lesser whole number of Penalty Units if the fractional entitlement is less than 0.5 and, in calculating such fractional interests, all Penalty Units registered in the name of and held by the holder of Special Warrants shall be aggregated at no additional cost to or further action by the holder of Special Warrants, at the Qualification Date Expiry, subject to adjustment in accordance with the Special Warrant Indenture;
Penalty Provision has the meaning ascribed thereto in Section 2.3(b);