Accelerated Expiration Date Sample Clauses
The Accelerated Expiration Date clause establishes a provision under which the original expiration date of an agreement or obligation can be moved forward, causing it to end sooner than initially planned. This clause typically applies when certain triggering events occur, such as a default, breach, or change in control, which then allow one or both parties to invoke the accelerated timeline. Its core practical function is to provide a mechanism for early termination or enforcement, thereby protecting parties from ongoing risk or exposure when specific adverse circumstances arise.
Accelerated Expiration Date. (a) At any time after the Commencement Date, if all, but not less than all, of the Acceleration Conditions (as defined below) are satisfied, during the Accelerated Period (as defined below), the Company, in its sole discretion, may give a written notice (the “Accelerated Expiration Notice”) to the Holder specifying that the rights to exercise all or a specified part of this Warrant will expire on a date (the “Accelerated Expiration Date”) specified in the Accelerated Expiration Notice, provided that the date so specified shall be at least twenty (20) Trading Days after the date (the “Accelerated Expiration Notice Date”) on which the Company gives of the Accelerated Expiration Notice (but provided that the Holder actually receives such Accelerated Expiration Notice no later than the Trading Day immediately after such notice is given by the Company). Notwithstanding the foregoing, if the Acceleration Period Conditions (as defined below) are not satisfied during the period (the “Accelerated Period”) commencing on the Accelerated Expiration Notice Date through and including the Accelerated Expiration Date, the Accelerated Expiration Notice shall be deemed cancelled.
(b) The Holder will continue to have the right to exercise this Warrant through and including the Accelerated Expiration Date, as determined in accordance with the provisions, but not thereafter. If the Accelerated Expiration Notice provides that less than all of the outstanding Warrant is subject to such acceleration, any exercise of the Warrant by the Holder on or after the Accelerated Expiration Notice Date shall be applied against such acceleration.7
(c) The term “Acceleration Determination Period” means the consecutive twenty (20) Trading Days ending on the Trading Day immediately before the Accelerated Expiration Notice Date.
Accelerated Expiration Date. The Company shall have the right to redeem any or all outstanding and unexercised Warrants represented hereby at a redemption price of $0.001 per Warrant upon fourteen (14) days’ written notice (the “Notice Date”) in the event (i) there exists on the Notice Date a public trading market for the Common Stock and such shares are listed for quotation on the NASDAQ Stock Market, the OTC Electronic Bulletin Board or other OTC market, including but not limited to the OTCQX or OTCQB, or a national exchange and (ii) the weighted average public trading price of the Common Stock has equaled or exceeded $0.18 for twenty (20) out of thirty (30) consecutive trading days immediately preceding the Notice Date. On each occasion that the Company elects to exercise its rights of redemption, the Seller must mail such written notice within fourteen (14) days following the satisfaction of all of the foregoing conditions and notifying the holder of the Warrants of the date that is at least fourteen (14) days after such notice upon which all Warrants represented hereby will become subject to redemption (the “Redemption Date”). The holders of the Warrants called for redemption shall have the right to exercise the Warrants until the close of business on the date next preceding the Redemption Date. On or after the Redemption Date, the holder hereof shall have no rights with respect to the Warrant except the right to receive $0.001 per Warrant upon surrender of the Warrant.
Accelerated Expiration Date. (a) If at any time following the Initial Warrant Issue Date the volume weighted average of the Common Shares on the Common Shares’ Principal Market in the United States or Canada exceeds $0.42 (the “Accelerated Expiration Price”) for a period of twenty consecutive trading dates, then on the date that is the 20th consecutive trading date (the “Acceleration Trigger Date”), the Company may, in its sole discretion, accelerate the Expiration Date of this Class • Warrant, in whole or in part, by giving written notice to the Holder within 10 business days of the occurrence thereof and in such case this Class • Warrant, in whole or in part, will expire on the 20th business day after the date on which such notice is given by the Company to the Holder of the Acceleration Trigger Date.
(b) This Warrant has been issued pursuant to a senior note purchase agreement between the Company and the original holder of this Warrant (the “Purchaser”) dated January 24, 2014 (the “Note Purchase Agreement”). Upon termination of the Note Purchase Agreement as provided in Section 10 of the Note Purchase Agreement, this Warrant shall remain outstanding and exercisable in accordance with the terms hereof.
Accelerated Expiration Date. (a) If at any time following the Initial Warrant Issue Date the volume weighted average of the Common Shares on the Common Shares’ Principal Market in the United States or Canada exceeds $0.42 (the “Accelerated Expiration Price”) for a period of twenty consecutive trading dates, then on the date that is the 20th consecutive trading date (the “Acceleration Trigger Date”), the Company may, in its sole discretion, accelerate the Expiration Date of this Class • Warrant, in whole or in part, by giving written notice to the Holder within 10 business days of the occurrence thereof and in such case this Class • Warrant, in whole or in part, will expire on the 20th business day after the date on which such notice is given by the Company to the Holder of the Acceleration Trigger Date.
(b) This Warrant has been issued pursuant to a senior note purchase agreement between the Company and the original holder of this Warrant (the “Purchaser”) dated January 24, 2014 (the “Note Purchase Agreement”). Upon termination of the Note Purchase Agreement as provided in Section 10 of the Note Purchase Agreement, this Warrant shall remain outstanding and exercisable in accordance with the terms hereof.