Debentures and Warrants Clause Samples
The 'Debentures and Warrants' clause defines the terms under which a company may issue debentures (a type of debt instrument) and warrants (rights to purchase shares at a future date) to investors. This clause typically outlines the conditions for issuance, conversion rights, interest rates, maturity dates for debentures, and the exercise price and period for warrants. For example, it may specify that investors receive warrants alongside debentures as an incentive, or detail how and when debentures can be converted into equity. The core function of this clause is to clarify the rights and obligations associated with these financial instruments, ensuring both parties understand the mechanisms for investment, conversion, and potential equity participation, thereby reducing ambiguity and potential disputes.
Debentures and Warrants. The Investors shall have received certificates representing the Debentures and Warrants in the form and substance of EXHIBIT 1.1A and EXHIBIT 1.1B hereto.
Debentures and Warrants. The Investors shall have received certificates representing the Debentures and Warrants in the form and substance of Exhibit 1.1A and Exhibit 1.1B hereto.
Debentures and Warrants. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase from the Company on the Closing Date (as defined below), a principal amount of Debentures as is set forth opposite such Buyer's name in column (3) on the Schedule of Buyers, along with Warrants to acquire that number of Warrant Shares set forth opposite such Buyer's name in column (4) on the Schedule of Buyers (the "Closing").
Debentures and Warrants. The Purchaser shall have received certificates representing the Debentures and Warrants in the form and substance of EXHIBIT 1.1A and EXHIBIT 1.1B hereto.
Debentures and Warrants. The Purchaser shall have received certificates representing the Debentures and Warrants in the form and substance of Exhibit 1A and Exhibit 1B hereto.
Debentures and Warrants. The Company shall be prepared to issue the ----------------------- Debentures and Warrants pursuant to the Debenture Purchase Agreements, of even date herewith, between the Company and Purchasers.
Debentures and Warrants. At or prior to the Closing, the Company shall have delivered to the Purchasers the Debentures (in such denominations as each Purchaser may request) and the Warrants (in such denominations as each Purchaser may request).
Debentures and Warrants. The total the number of shares initially to be reserved for issuance upon of the Warrants: 400,000 The total the number of shares initially to be reserved for issuance upon of the Debentures: 4,636,364 In accordance with the terms and conditions of the Securities Exchange Agreement, the Investors have agreed to convert their Debentures for an aggregate of 4,636,363 shares of Common Stock. In addition, the Investors will receive, pursuant to the Securities Exchange Agreement (i) Warrants which are exercisable for 400,000 shares of Common Stock, (i) a cash payment of $2,231,000 and (iii) 750,000 shares of Common Stock. Debt of Bookham, Inc. and Subsidiaries in excess of $250,000:
Debentures and Warrants. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase from the Company on the Closing Date (as defined below), a principal amount of Debentures, as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers, along with Warrants to acquire that number of Warrant Shares for each $1,000 principal amount of Debentures purchased equal to the quotient of (A) $200 divided by (B) the Valuation Price (the “Closing”).