Permitted Timeline definition

Permitted Timeline means the allowable time period within which the Corporation must consummate its Qualifying Transaction, being 18 months from the Closing of the Offering, as it may be extended as described in the Prospectus;

Permitted Timeline means the allowable time period within which BCAC must consummate its qualifying acquisition, being 18 months from the IPO Closing Date (or 21 months from the IPO Closing Date if BCAC has executed a definitive agreement for a qualifying acquisition within 18 months from the IPO Closing Date but has not completed the qualifying acquisition within such 18-month period), as it may be extended or shortened as described in the IPO Prospectus;

Permitted Timeline means the allowable time period within which the Corporation must consummate its qualifying transaction, being 21 months from the IPO Closing Date (or 24 months from the IPO Closing Date if we have executed a letter of intent, agreement in principle or definitive agreement for a qualifying transaction within 21 months from the IPO Closing but has not completed the qualifying transaction within such 21-month period), as it may be extended as described in this AIF;

Examples of Permitted Timeline in a sentence

• The holders of the Class A Restricted Voting Shares would, however, be entitled to vote on and receive notice of meetings on all other matters requiring shareholder approval (including the proposed Qualifying Acquisition, if required under applicable law, and any proposed extension to the Permitted Timeline) other than the election and/or removal of directors and auditors prior to Closing Date of a Qualifying Acquisition.

• Such Permitted Timeline, however, could be extended to up to 36 months with shareholder approval of only the holders of Class A Restricted Voting Shares, by ordinary resolution, with approval by the Corporation’s board of directors.

• The execution of the Transaction Agreement resulted in the automatic extension of the Corporation’s Permitted Timeline in which to close a qualifying transaction to May 15, 2021.

• Subject to the prior rights of the holders of the Class A Restricted Voting Shares and applicable law, in the event of the winding-up or dissolution of the Company, whether voluntary or involuntary, and whether prior to or following the Permitted Timeline, the holders of the Class B Shares shall be entitled to receive the remaining property of the Company pro-rata.

• While there is no guarantee that the Business Combination will be completed, management believes the completion of this Business Combination within the Permitted Timeline addresses this uncertainty.

More Definitions of Permitted Timeline

Permitted Timeline means 21 months from the closing of the Offering (or 24 months from the closing of the Offering if the Corporation has executed a letter of intent, agreement in principle or definitive agreement for a Qualifying Acquisition within 21 months from the closing of the Offering but has not completed the Qualifying Acquisition within such 21-month period), which may be extended on written notice by the Corporation to the Escrow Agent to up to 36 months with shareholder approval, by ordinary resolution of the holders of the Class A Restricted Voting Shares, with approval by the Corporation’s board of directors, and with the consent (if required) of the TSX;

Permitted Timeline means the allowable time period within which the Corporation must consummate its qualifying transaction, being 18 months from the closing of the Offering, as it may be extended to up to 36 months with shareholder approval, by ordinary resolution of the holders of the Class A Restricted Voting Shares, with approval by the Corporation’s board of directors, and with the consent (if required) of the Exchange; and provided that with 10 days’ advance notice by way of a news release, the Corporation may shorten the Permitted Timeline with the approval of its board of directors;

Permitted Timeline means the allowable time period within which the Corporation must consummate its qualifying acquisition, being 18 months from the Closing (or 21 months from the Closing if the Corporation has executed a definitive agreement for a qualifying acquisition within 18 months from the Closing but has not completed the qualifying acquisition within such 18-month period), as it may be extended or shortened as described in this prospectus;

Permitted Timeline means the allowable time period within which the Corporation must consummate its Qualifying Acquisition, being 21 months from the Closing of the Offering (or 24 months from the Closing of the Offering if the Corporation executed a letter of intent, agreement in principle or definitive agreement for a Qualifying Acquisition within 21 months from the Closing of the Offering but has not completed the Qualifying Acquisition within such 21-month period), which may be extended on written notice by the Corporation to Equity Financial Trust Company, as escrow agent, to up to 36 months with shareholder approval, by ordinary resolution of the holders of the Class A Restricted Voting Shares, approved by the Board of Directors and the consent (if required) of the TSX;

Permitted Timeline means the allowable time period within which the Company must consummate its Qualifying Transaction, being 18 months from the IPO Closing Date, as it may be extended or shortened pursuant to an Extension following the IPO Closing Date;

Permitted Timeline means the allowable time period within which the Corporation must consummate its qualifying acquisition, being 18 months from the Closing Date(or 21 months from the Closing if the Corporation has executed a definitive agreement for a qualifying acquisition within 18 months from the Closing but has not completed the qualifying acquisition within such 18-month period), as it may be extended as described in the Prospectus;

Permitted Timeline means the allowable time period within which the Company must consummate its Qualifying Transaction, being 21 months from the IPO Closing Date (or 24 months from the IPO Closing Date if the Company has executed a letter of intent, agreement in principle or definitive agreement for a Qualifying Transaction within 21 months from the IPO Closing Date but has not completed the Qualifying Transaction within such 21-month period), as it may be extended pursuant to an Extension, and provided that, with 10 days’ advance notice by way of a news release, as it may be shortened with the approval of the board of directors of the Company, following the IPO Closing Date;