Common use of Usual case Clause in Contracts

Usual case. If the Issuer is an established issuer (as defined in section 3.3 of the Policy) and you have not sold any escrow securities in a permitted secondary offering, your escrow securities will be released as follows: On , 2 , the date the Issuer’s securities are listed on a Canadian exchange (the listing date) 1/4 of your escrow securities

Usual case. If the Issuer is an established emerging issuer (as defined in section 3.3 of the Policy) and you have not sold any escrow securities in a permitted secondary offering, your escrow securities will be released either pursuant to Release Schedule 1 or Release Schedule 2 as follows: On , 2 , the date the Issuer’s securities are listed on a Canadian exchange (the listing date) 1/4 of your escrow securitiesindicated in Schedule A attached hereto.

Usual case. If the Issuer is an established issuer (as defined in section 3.3 of the Policy) and you have not sold any escrow securities in a permitted secondary offering, your escrow securities will be released as follows: On * In the simplest case, 2 , where there are no changes to the date the Issuer’s escrow securities are listed on a Canadian exchange (the listing date) 1/4 of your initially deposited and no additional escrow securities, then the release schedule outlined above results in the escrow securities being released in equal tranches of 25%.