Examples of Large Scale in a sentence
The Company shall have the right before the Maturity Date to pay in cash all or any portion of the Principal Amount, in full or in part, and from time to time, upon written notice of not less than 30 days to Large Scale, by paying to Large Scale an amount equal to the Principal Amount to be prepaid multiplied by 110%.
Any interest that is due and payable by the Company under this Note, may, subject to Large Scale's consent, be satisfied by the issue by the Company to Large Scale of that number of Common Shares equal to the interest due and payable divided by the Market Price on the day such interest is due and payable, subject to TSX approval.
Large Scale may convert the whole or part of the Principal Amount into fully paid Common Shares in the capital of the Company at any time commencing on or after July 1, 2016 and up to and including the Maturity Date (the "Conversion Period") at the Conversion Price.
In addition, no adjustment in the Conversion Price shall be made as the result of the issuance or deemed issuance of Additional Shares if the Company receives written consent from Large Scale confirming that no adjustment be made as the result of the issuance or deemed issuance of such Additional Shares.
To the extent that amounts are deducted and withheld, such withheld amounts shall be treated for all purposes hereof as having been paid to Large Scale in respect of which such deduction and withholding was made, provided that such withheld amounts are actually remitted to the appropriate taxing Governmental Authority.