Performance Warrants means the performance warrants of the Corporation which expire on January 31, 2025, with each performance warrant providing the right to purchase one Common Share at a price of $3.00 per Common Share.

Performance Warrants means those warrants specified as Performance Warrants issuable pursuant to Purchase Agreement.

Performance Warrants means the performance warrants issued to directors, officers, employees and consultants of the Company, no further awards of which are to be granted since the closing of the IPO. Each whole Performance Warrant is exercisable for one-fifth of a post-consolidation Common Share upon the payment of the applicable exercise price.

Examples of Performance Warrants in a sentence

As the Performance Warrants are exercisable in the Canadian dollar, the Performance Warrants were accounted for as a derivative liability.
Pursuant to the RTO, the Company changed its functional currency from USD to Canadian dollars (consistent with the exercise currency) and as such, the Performance Warrants were no longer considered derivative liabilities.
In connection with the amendment of the Postmedia Agreement, the vesting and term of the Performance Warrants previously granted to Postmedia were also adjusted.
The June 2018 Performance Warrants included vesting conditions which were met in prior years and therefore, are fully exercisable upon closing of the Transaction.
The Performance Warrants are subject to a financing condition such that they will not be exercisable unless an aggregate of $2 million CAD is raised via an equity financing or series of equity financings undertaken by and for the Company (the “Financing Condition”).

More Definitions of Performance Warrants

Performance Warrants means performance warrants to purchase Common Shares issued to certain directors, officers and employees of the Company.

Performance Warrants has the meaning ascribed to such term in Section 3.6(a) hereof;

Performance Warrants means 19,000,000 performance warrants to acquire up to 19,000,000 Common Shares in accordance with their terms.

Performance Warrants means the 1,750,000 performance warrants purchased by NTR Partners LLC on June 20, 2006; (v) “IPO Shares” shall mean the shares of Common Stock underlying the Units issued in the Company’s IPO; (vi) “Private Placement Units” shall mean the 312,500 Units of Common Stock that NTR Investors LLC has agreed to purchase prior to or contemporaneously with the Offering of the IPO Shares; (vii) “Private Placement Shares” shall mean the 312,500 shares of Common Stock underlying the Private Placement Units; (viii) “Private Placement Warrants” shall mean the 312,500 Warrants underlying the Private Placement Units; and (ix) “Trust Account” shall mean the trust account established under the Investment Management Trust Agreement, dated as of the date hereof, by and between the Company and American Stock Transfer & Trust Company.

Performance Warrants means the 6,650,000 non-transferable common share purchase warrants issued by the Company to Daniel Beck and Nelson Ijih as consideration for their contribution of certain intellectual property to the Company, each such warrant entitling the holder to acquire one (1) Share at a price of $0.05 per warrant until February 1, 2023, provided certain milestones are met;

Performance Warrants means the non-transferable, divisible warrants to purchase the Company's Common Stock that are issued at the time that certain minimum funding levels are achieved, as are more fully defined in Section 5.3(f), below.

Performance Warrants means those performance warrants for 61,111 -------------------- shares of Stock issued on December 30, 1994 to the Purchasers (as defined below).