Exercise of Outstanding Warrants Clause Samples

Exercise of Outstanding Warrants. Paragraph 1.2 of the Agreement is modified to read in its entirety as follows:
View SourceView Similar (8)
Exercise of Outstanding Warrants. Holder agrees to deliver to the Company $877,998 on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants. Holder agrees to deliver an additional $1,084,104.40 to the Company on or before April 16, 1997, as payment of the exercise price for its remaining Outstanding Warrants. On receipt of the first payment on or before January 31, 1997, the Company agrees to immediately provide irrevocable written instructions to its transfer agent to issue a certificate representing 140,480 shares of Common Stock be registered in the name of Ezer Mzion Organization, and to deliver such certificates to Holder. An additional 25,180 shares shall be held in reserve and issued on the timely payment of the second amount on or before April 16, 1997. On receipt of the second payment on or before April 16, 1997, the reserved shares shall be issued and an additional 204,548 shares shall be issued and delivered to Holder.
View SourceView Similar (3)
Exercise of Outstanding Warrants. Holder delivered to the Company $877,998 on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants (the "Earlier Exercise"). Holder further agrees to deliver an additional $1,084,104.40 to the Company in ten equal payments commencing November 15, 1997, and continuing on the day that is five weeks subsequent to the preceding payment until the full amount is paid. On receipt of each payment, the Company shall issue a certificate representing the stock then being acquired, calculated at an exercise price of $5.30 per share, and a replacement warrant covering the same number of shares and having the terms set forth in paragraph 1.4 of this Agreement. On receipt of the first payment, the Company agrees to deliver certificates representing all shares previously held in reserve by the Company in connection with the Earlier Exercise to Holder and replacement warrants having the terms set forth in paragraph 1.4 for the number of shares acquired in connection with the Earlier Exercise.
View SourceView Similar (3)
Exercise of Outstanding Warrants. Holder delivered to the Company $877,998 on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants. Holder further agrees to deliver an additional $1,084,104.40 to the Company on or before the date that is 90 days subsequent to the effective date of the Registration Statement referred to in paragraph 5.1 of this Agreement to complete the exercise of the Outstanding Warrants. On receipt of the first payment, the Company delivered certificates representing 140,480 shares of common stock registered in the name of Holder. An additional 25,180 shares are held in reserve and will be issued on timely payment of the remaining amount. On receipt of the final payment on or before 90 days subsequent to the effective date of the Registration Statement referred to paragraph 5.1 of this Agreement, the Company shall issue a total of 229,728 shares, including the 25,180 shares held in reserve, for a grand total of 370,208 shares issued to Holder on exercise of the Outstanding Warrants.
View SourceView Similar (2)
Exercise of Outstanding Warrants. Lerner delivered ▇▇ ▇▇▇ Company $889,393 on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants. Lerner furth▇▇ ▇▇▇ees to deliver an additional $1,098,107 to the Company on or before the date that is 90 days subsequent to the effective date of the Registration Statement referred to in paragraph 5.1 of this Agreement to complete the exercise of the Outstanding Warrants. On receipt of the first payment, the Company delivered certificates representing 142,303 shares of common stock registered in the name of Lerner. An addit▇▇▇▇▇ 25,507 shares are held in reserve and will be issued on timely payment of the remaining amount. On receipt of the final payment on or before 90 days subsequent to the effective date of the Registration Statement referred to paragraph 5.1 of this Agreement, the Company shall issue a total of 232,697 shares, including the 25,507 shares held in reserves, for a grand total of 375,000 shares issued to Lerner on exercis▇ ▇▇ ▇he Outstanding Warrants.
View Source
Exercise of Outstanding Warrants. Huberfeld and ▇▇▇▇▇▇ each agree to deliver to the Company $712,002 (an aggregate of $1,424,004) on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants. Huberfeld and ▇▇▇▇▇▇ each agree to deliver an additional $879,100.40 (an aggregate of $1,758,200.80) to the Company on or before April 16, 1997, as payment of the exercise price for their remaining Outstanding Warrants. On receipt of the first payment on or before January 31, 1997, the Company agrees to immediately provide irrevocable written instructions to its transfer agent to issue certificates representing 227,840 shares of Common Stock, 113,920 shares to be registered in the name of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and 113,920 shares to be registered in the name of ▇▇▇▇▇ ▇▇▇▇▇▇, and to deliver such certificates to Huberfeld and ▇▇▇▇▇▇. An additional 40,840 shares (20,420 shares each) shall be held in reserve and issued on the timely payment of the second amount on or before April 16, 1997. On receipt of the second payment on or before April 16, 1997, the reserved shares shall be issued and an additional 331,736 shares (165,868 shares each) shall be issued and delivered to ▇▇. ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇.
View Source
Exercise of Outstanding Warrants. Huberfeld and Bodner each d▇▇▇▇▇▇ed to the Company $712,002 (an aggregate of $1,424,004) on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants (the "Earlier Exercise"). Huberfeld and Bodner further agr▇▇ ▇▇ deliver an additional $879,100.40 each (an aggregate of $1,758,200.80) to the Company in ten equal payments commencing November 15, 1997, and continuing on the day that is five weeks subsequent to the preceding payment until the full amount is paid. On receipt of each payment, the Company shall issue a certificate representing the stock then being acquired, calculated at an exercise price of $5.30 per share, and a replacement warrant covering the same number of shares and having the terms set forth in paragraph 1.4 of this Agreement. On receipt of the first payment, the Company agrees to deliver certificates representing all shares previously held in reserve by the Company in connection with the Earlier Exercise to Huberfeld and Bodner and replace▇▇▇▇ ▇arrants having the terms set forth in paragraph 1.4 for the number of shares acquired in connection with the Earlier Exercise.
View Source
Exercise of Outstanding Warrants. Huberfeld and Bodner each ▇▇▇▇▇▇red to the Company $712,002 (an aggregate of $1,424,004) on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants. Huberfeld and Bodner further ag▇▇▇ ▇▇ deliver an additional $899,100.40 each (an aggregate of $1,798,200.80) to the Company on or before the date that is 90 days subsequent to the effective date of the Registration Statement referred to in paragraph 5.1 of this Agreement to complete the exercise of the Outstanding Warrants. On receipt of the first payment, the Company delivered certificates representing 227,840 shares of common stock, 113,920 shares registered in the name of Laura Huberfeld a▇▇ ▇▇▇,▇▇▇ ▇▇▇▇es registered in the name of Naomi Bodner. An ▇▇▇▇▇▇▇▇▇▇ 40,840 shares (20,420 shares each) are held in reserve and will be issued on timely payment of the remaining amount. On receipt of the final payment on or before 90 days subsequent to the effective date of the Registration Statement referred to paragraph 5.1 of this Agreement, the Company shall issue a total of 372,576 shares (186,288 shares each), including the 40,840 shares (20,420 shares each), for a grand total of 600,416 shares (300,208 shares each) issued to Huberfeld and Bodner on ex▇▇▇▇▇▇ of the Outstanding Warrants.
View Source
Exercise of Outstanding Warrants. Reference is made to those certain Series A, B and C American Depositary Shares Purchase Warrants (collectively, the “December Warrants”) issued pursuant to the December Purchase Agreement. On or before the 15th calendar day following the Closing Date, each Purchaser hereby agrees to cash exercise a ratable number of December Warrants with an aggregate exercise price of at least $8 million and on or before the 30th calendar day following the Closing Date, each Purchaser hereby agrees to cash exercise a ratable number of December Warrants with an additional aggregate exercise price of the lesser of (ratably) (a) the difference between $16 million and what is exercised on or before the 15th calendar day and (b) $8 million (such that, on or before such 30th calendar the Purchasers shall have exercised, in the aggregate, $16 million of the December Warrants). For purposes of clarification, in the event that a Purchaser exercises $12 million of December Warrants (or its pro-rata portion) prior to the 15th day after the Closing Date, such Purchaser shall only be required to exercise an additional $4 million of December Warrants (or its pro rata portion) prior to the 30th calendar day following the Closing Date. Notwithstanding anything to the contrary set forth in this Section 4.19, the Purchasers shall not be required to exercise the December Warrants pursuant to this Section 4.19 if at any time during such 30 day period unless (1) the Company shall have honored in accordance with the terms of the December Warrants all Notices of Exercise delivered to the Company, (2) the registration statement registering the ADSs underlying the December Warrants (“December Warrant Shares”) shall be effective as to all December Warrant Shares and the prospectus thereunder available for use by the Holder for the resale of all such December Warrant Shares, (3) the ADSs shall be listed or quoted for trading on the Trading Market, (4) there is a sufficient number of authorized shares of Ordinary Shares for issuance of all December Warrant Shares and (5) the issuance of all Warrant Shares exercised hereunder shall not cause a breach of any provision of Section 2(e) of the December Warrant. The Company’s right to call the December Warrants under this Section 4.19 shall be exercised ratably among the holders of December Warrants based on each holder’s initial purchase of December Warrants.
View Source

Related to Exercise of Outstanding Warrants

  • Outstanding Warrants The Warrants outstanding at any time are all Warrants evidenced on all Warrant Certificates authenticated by the Warrant Agent except for those canceled by it and those delivered to it for cancellation. A Warrant ceases to be outstanding if the Company or an Affiliate of the Company holds the Warrant. If a Warrant Certificate is replaced pursuant to Section 2.06, the Warrants evidenced thereby cease to be outstanding unless the Warrant Agent and the Company receive proof satisfactory to them that the replaced Warrant Certificate is held by a bona fide purchaser.

  • Outstanding Warrants Only The Company understands that the redemption rights provided for by this Section 6 apply only to outstanding Warrants. To the extent a person holds rights to purchase Warrants, such purchase rights shall not be extinguished by redemption. However, once such purchase rights are exercised, the Company may redeem the Warrants issued upon such exercise provided that the criteria for redemption is met. The provisions of this Section 6.4 may not be modified, amended or deleted without the prior written consent of EBC.

  • Partial Exercise of Warrants; Fractions (1) The holder of any Warrants may exercise his right to acquire a number of whole Common Shares less than the aggregate number which the holder is entitled to acquire. In the event of any exercise of a number of Warrants less than the number which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised. (2) Notwithstanding anything herein contained including any adjustment provided for in Article 4, the Corporation shall not be required, upon the exercise of any Warrants, to issue fractions of Common Shares. Warrants may only be exercised in a sufficient number to acquire whole numbers of Common Shares. Any fractional Common Shares shall be rounded down to the nearest whole number and the holder of such Warrants shall not be entitled to any compensation in respect of any fractional Common Share which is not issued.

  • Warrant Price Duration and Exercise of Warrants Section 2.01. Persons intending to exercise their redeemable Class A Warrants must present the Warrant and the exercise price to the Company's Transfer Agent, in order to receive one (1) share of Common Stock. Each Class A Warrant is exercisable at an exercise price of $7.00 from the Closing Date of this offering and continuing for three (3) years, at which time the Warrants expire. The Class A Warrants are immediately detachable. For each Class B Warrant, the holder is entitled to receive one (1) share of Common Stock, at an exercise price of $6.00 from the Closing Date and continuing for four (4) years thereafter, at which time the Warrants expire. Section 2.02. Subject to the provisions of Section 4.01, paragraph (4) of Section 4.03 and the form of reverse side of the Warrant Certificate, both Classes of Warrants may be exercised at any time prior to the expiration date at 5:00 P.M. New York State time if such date shall be a Business Day; and if not then at or before 5:00 P.M. New York State time on the next following Business Day. Any Warrants not exercised during said period shall become void and all rights thereunder and all rights in respect thereof under this Agreement shall cease at the end of such period. (1) The Warrant Holder may exercise a Warrant, in whole or in part, upon surrender of the Warrant Certificate, with the exercise form thereon duly executed to the Warrant Agent at its corporate office, together with the Warrant Price for each share of Common Stock to be purchased in New York Clearing House funds or other funds acceptable to the Company. (2) Upon receipt of a Warrant Certificate with the exercise form duly executed and accompanied by payment of the aggregate Warrant Price for the shares of Common Stock for which the Warrant is then being exercised, the Warrant Agent shall requisition from the transfer agent certificates for the total number of whole shares (as provided in Section 4.04) of Common Stock for which the Warrant is being exercised in such names and denominations as are required for delivery to the Warrant holder, and the Warrant Agent shall thereupon deliver such certificate to or in accordance with the instructions of the Warrant Holder. The Company covenants and agrees that it has duly authorized and directed its transfer agent (and will authorize and direct all its future transfer agents) to comply with all such requests of the Warrant Agent. (3) In case any Warrant Holder shall exercise his Warrant with respect to less than all of the shares of Common Stock that may be purchased under such Warrant, a new Warrant Certificate for the balance shall be countersigned and delivered to or upon the order of such Warrant Holder. (4) The Company covenants and agrees that it will pay, when due and payable, any and all taxes which may be payable in respect of the issue of Warrants, or the issue of any shares of Common Stock upon the exercise of Warrants. The Company shall not, however, be required to pay any tax which may be payable in respect of any transfer involved in the issuance or delivery of Warrant Certificates or shares of Common Stock in a name other than that of the Warrant Holder at the time of surrender, and until the payment of such tax, shall not be required to issue such Common Stock. (5) The Warrant Agent shall account promptly to the Company with respect to Warrants exercised and currently account to the Company for moneys received by the Warrant Agent for the purchase of shares of Common Stock upon the exercise of Warrants. (6) The Class A Warrants and the Class B Warrants are immediately detachable and tradeable separately.

  • Availability of Shares of Preferred Stock (a) The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued shares of Preferred Stock or any shares of Preferred Stock held in its treasury, the number of shares of Preferred Stock that will be sufficient to permit the exercise in full of all outstanding Rights. (b) So long as the shares of Preferred Stock issuable upon the exercise of Rights may be listed or admitted to trading on any national securities exchange, or quoted on NASDAQ, the Company shall use its best efforts to cause, from and after such time as the Rights become exercisable, all shares reserved for such issuance to be listed or admitted to trading on such exchange, or quoted on NASDAQ, upon official notice of issuance upon such exercise. (c) From and after such time as the Rights become exercisable, the Company shall use its best efforts, if then necessary to permit the issuance of shares of Preferred Stock upon the exercise of Rights, to register and qualify such shares of Preferred Stock under the Securities Act and any applicable state securities or "Blue Sky" laws (to the extent exemptions therefrom are not available), cause such registration statement and qualifications to become effective as soon as possible after such filing and keep such registration and qualifications effective (with a prospectus at all times meeting the requirements of the Securities Act) until the earlier of the date as of which the Rights are no longer exercisable for such securities and the Expiration Date. The Company may temporarily suspend, for a period of time not to exceed 90 days, the exercisability of the Rights in order to prepare and file a registration statement under the Securities Act and permit it to become effective. Upon any such suspension, the Company shall issue a public announcement stating that the exercisability of the Rights has been temporarily suspended, as well as a public announcement at such time as the suspension is no longer in effect. Notwithstanding any provision of this Agreement to the contrary, the Rights shall not be exercisable in any jurisdiction unless the requisite qualification in such jurisdiction shall have been obtained and until a registration statement under the Securities Act shall have been declared effective, unless an exemption therefrom is available. (d) The Company covenants and agrees that it will take all such action as may be necessary to ensure that all shares of Preferred Stock delivered upon exercise of Rights shall, at the time of delivery of the certificates therefor (subject to payment of the Purchase Price), be duly and validly authorized and issued and fully paid and nonassessable shares. (e) The Company further covenants and agrees that it will pay when due and payable any and all federal and state transfer taxes and charges which may be payable in respect of the issuance or delivery of the Right Certificates or of any shares of Preferred Stock upon the exercise of Rights. The Company shall not, however, be required to pay any transfer tax which may be payable in respect of any transfer or delivery of Right Certificates to a Person other than, or the issuance or delivery of certificates or depositary receipts for the Preferred Stock in a name other than that of, the registered holder of the Right Certificate evidencing Rights surrendered for exercise or to issue or deliver any certificates or depositary receipts for Preferred Stock upon the exercise of any Rights until any such tax shall have been paid (any such tax being payable by that holder of such Right Certificate at the time of surrender) or until it has been established to the Company's reasonable satisfaction that no such tax is due.