Issue and Term of Warrants Sample Clauses

The 'Issue and Term of Warrants' clause defines the conditions under which warrants are granted and specifies their duration. It typically outlines when the warrants are issued, the number of warrants involved, and the period during which they can be exercised by the holder. For example, it may state that warrants are issued upon closing of a financing round and are exercisable for a set number of years. This clause ensures both parties understand the timeframe and terms governing the use of warrants, thereby providing clarity and preventing disputes over their validity or expiration.
Issue and Term of Warrants. (1) A total of up to 39,100,000 Share Purchase Warrants entitling Warrantholders to acquire up to 39,100,000 Common Shares (subject to adjustment pursuant to Sections 2.12 and 2.13 of this Indenture) are hereby created and authorized to be issued hereunder upon the terms and conditions herein set forth and shall be executed by the Corporation and certified by or on behalf of the Warrant Trustee upon the written order of the Corporation and delivered by the Corporation in accordance with Sections 2.03 and 2.04. (2) Each Warrant authorized to be issued hereunder shall entitle Warrantholders to acquire (subject to Sections 2.12 and 2.13) upon due exercise and upon the due execution of the subscription form endorsed on the reverse side of the Warrant Certificate or other instrument of subscription in such form as the Warrant Trustee and/or the Corporation may from time to time prescribe and upon payment of the Warrant Exercise Price, one Common Share or such other kind and amount of shares or securities or property, calculated pursuant to the provisions of Sections 2.12 and 2.13, as the case may be, at any time after the date of issuance of such Warrants and prior to the Time of Expiry, in accordance with the provisions of this Indenture. (3) Fractional Warrants shall not be issued or otherwise provided for. If any fraction of a Warrant would otherwise be issuable, the number of Warrants so issued shall be rounded down to the nearest whole Warrant.
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Issue and Term of Warrants. (a) A total of up to 8,312,775 Warrants entitling Warrantholders to acquire up to 8,312,775 Common Shares (subject to adjustment pursuant to sections 2.12 and 2.13) are hereby created and authorized to be issued hereunder upon the terms and conditions herein set forth and will be executed by the Company and certified by or on behalf of the Warrant Agent upon the written order of the Company and delivered by the Company in accordance with sections 2.3 and 2.4. (b) Each Warrant authorized to be issued hereunder will entitle Warrantholders to acquire (subject to sections 2.12 and 2.13) upon due exercise and upon payment of the Warrant Exercise Price, one Common Share or such other kind and amount of shares or securities or property, calculated pursuant to the provisions of sections 2.12 and 2.13, as the case may be, at any time after the date of issuance of such Warrants and prior to the Time of Expiry, in accordance with the provisions of this Indenture. (c) Fractional Warrants will not be issued or otherwise provided for. If any fraction of a Warrant would otherwise be issuable, the number of Warrants so issued will be rounded down to the nearest whole Warrant.
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Issue and Term of Warrants. (a) A total of up to 9,631,250 Warrants entitling Warrantholders to acquire up to 9,631,250 Common Shares (subject to adjustment pursuant to sections 2.12 and 2.13) are hereby created and authorized to be issued hereunder upon the terms and conditions herein set forth and will be executed by the Company and certified by or on behalf of the Warrant Agent upon the written order of the Company and delivered by the Company in accordance with sections 2.3 and 2.4. (b) Each Warrant authorized to be issued hereunder will entitle the holder thereof to acquire, upon due exercise and upon payment of the Warrant Exercise Price, one Common Share, subject to adjustment pursuant to sections 2.12 and 2.13, as the case may be, at any time after the date of issuance of such Warrants and prior to the Time of Expiry, in accordance with the provisions of this Indenture. (c) Fractional Warrants will not be issued or otherwise provided for. If any fraction of a Warrant would otherwise be issuable, the number of Warrants so issued will be rounded down to the nearest whole Warrant.
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Issue and Term of Warrants. 2.1.1 An aggregate of 735,124 Warrants, consisting of 367,562 Lower Capped Warrants and 367,562 Upper Capped Warrants and representing in aggregate 2.7% of the Effectively Outstanding Common Equity at the date of this Agreement, are hereby issued by the Corporation to the Holders on a pro rata basis based on the amount of Tranche A funded by each Holder (or any Affiliate of such Holder if such amount is not funded by such Holder). 2.1.2 An additional 81,680 Warrants, consisting of 40,840 Lower Capped Warrants and 40,840 Upper Capped Warrants and representing in aggregate 0.3% of the Effectively Outstanding Common Equity at the date of this Agreement, will be issued to the Holders, and the Holders agree to subscribe for and receive such Warrants, on each subsequent draw by the Corporation of US$3.8 million from Tranche B on a pro rata basis based on the amount of each drawdown of Tranche B funded by each Holder (or any Affiliate of such Holder if such amount is not funded by such Holder), so that when Tranche B is fully drawn, the Corporation will have issued to the Holders in aggregate (pursuant to Tranche A and Tranche B) 1,225,204 Warrants representing in aggregate 4.5% of the Effectively Outstanding Common Equity at the date of this Agreement. All number references in this Section 2.1.2 are subject to adjustment pursuant to Section 4.8.
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Issue and Term of Warrants. 2.1.1 An aggregate of 10,000,000 warrants (the “Warrants”) are hereby issued by the Corporation to CPPIB. Each whole Warrant issued hereunder shall entitle the Holder thereof to purchase one Common Share (or such Exercise Proceeds as the Corporation may be required to issue or convey pursuant to the adjustments referred to in Article 4 hereof) at a price per Common Share equal to the Exercise Price Per Warrant. 2.1.2 The Corporation represents, warrants and covenants to CPPIB that the Warrants collectively, if fully issued as of the date hereof would represent in aggregate 2.42% of the issued and outstanding Common Shares of the Corporation after taking into account outstanding warrants, options and other rights to acquire Common Shares on a fully-diluted basis at the date hereof. The Warrants are exercisable, in whole or in part, at any time or times after the date issued and during the Term, and such Warrants that have not been exercised at the Time of Expiry shall then expire and terminate.
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Issue and Term of Warrants. An aggregate of 8,000,000 warrants (the “Warrants”) entitling the registered holder thereof to acquire an aggregate of 8,000,000 Common Shares are hereby created and authorized to be issued hereunder upon the terms and conditions herein set forth. Each whole Warrant issued hereunder shall entitle the Holder thereof to purchase one Common Share (or such Exercise Proceeds as the Corporation may be required to issue or convey pursuant to the adjustments referred to in Article 4), representing in aggregate approximately 6.49% of the Fully-Diluted Shares at the date hereof, at a price per Common Share equal to the Exercise Price Per Warrant. The Warrants are exercisable, in whole or in part, at any time or times after the date hereof for such Warrants and during the Term, and such Warrants that have not been exercised at the Time of Expiry shall then expire and terminate.
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Issue and Term of Warrants. (a) A total of up to 5,750,000 Warrants entitling the registered holders thereof to acquire up to 5,750,000 Common Shares are hereby created and authorized to be issued hereunder upon the terms and conditions herein set forth and shall be executed by the Corporation and certified by or on behalf of the Warrant Agent upon the Written Order of the Corporation and delivered by the Corporation in accordance with Sections 2.3 and 2.4. (b) Each whole Warrant authorized to be issued hereunder shall entitle the registered holder thereof to acquire (subject to Sections 2.13 and 2.14), upon due exercise and upon the due execution of the notice of exercise endorsed on the reverse side of the Warrant Certificate or other instrument in such form as the Warrant Agent and/or the Corporation may from time to time prescribe and upon payment of the Warrant Exercise Price, one Common Share or such other kind and amount of shares or securities or property, calculated pursuant to the provisions of Sections 2.13 and 2.14, as the case may be, at any time after the date of issuance of such Warrants and prior to the Time of Expiry, in accordance with the provisions of this Indenture. The Warrant Agent acknowledges that, pursuant to the Delivery Agreement, the Selling Shareholder has irrevocably agreed to deliver the Pledged Shares for delivery to the Warrantholders upon the due exercise of Warrants. (c) In the manner and pursuant to the procedures set out in the Delivery Agreement, and notwithstanding anything to the contrary in this Indenture, in the event that the Selling Shareholder is unable to deliver Common Shares (or other securities or property deliverable or issuable upon the exercise of the Warrants as a result of any adjustment to the subscription rights pursuant to Article 2 hereof) to the Warrant Agent, upon due exercise of Warrants as provided herein, the Corporation shall issue and deliver, or cause to be delivered, to the Warrant Agent such number of Common Shares (or other securities or property deliverable or issuable upon the exercise of the Warrants as a result of any adjustment to the subscription rights pursuant to Article 2 hereof) as are required to be delivered to Warrantholders upon due exercise of Warrants, and the Warrant Agent shall deliver such Common Shares (or other securities or property deliverable upon the exercise of the Warrants as a result of any adjustment to the subscription rights pursuant to Article 2 hereof) to the Warrantholder. Notwiths...
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Related to Issue and Term of Warrants

  • Term of Warrants (a) The term for the exercise of the Warrants shall begin at 9:00 a.m., Carrollton, Texas, time on the date that the Bank opens for business (the "Issue Date"). The term for the exercise of the Warrants shall expire at 5:00 p.m., Carrollton, Texas time on the earlier to occur of (i) the tenth anniversary of the Issue Date, or (ii) the date provided in Section 3(b) of this Agreement (the "Expiration Time"). (b) Notwithstanding any provision of this Agreement or any Warrant Certificate to the contrary, the Warrants shall expire, to the extent not exercised, within 45 days following the receipt of notice from the Bank's state or primary federal regulator ("Regulator") that (i) the Bank has not maintained its minimum capital requirements (as determined by the Regulator); and (ii) the Regulator is requiring exercise or forfeiture of the Warrants. Upon receipt of such notice from the Regulator, the Company shall promptly notify each Holder that he/she must exercise the Warrants held by him/her prior to the end of the 45-day period or such earlier period as may be specified by the Regulator or forfeit such Warrant. In case of forfeiture, no Holder shall have any cause of action, of any kind or nature, against the Company, the Bank or any of their respective officers or directors with respect to the forfeiture. In addition, the Company shall not be liable to any Holder due to the failure or inability of the Company to provide adequate notice to Holder.

  • Expiration of Warrants Immediately after the Expiry Time, all rights under any Warrant in respect of which the right of acquisition provided for herein shall not have been exercised shall cease and terminate and each Warrant shall be void and of no further force or effect.

  • Term of Warrant Subject to the terms and conditions set forth herein, this Warrant shall be exercisable, in whole or from time to time part, at any time on or after the date hereof and at or prior to 11:59 p.m., Pacific Standard Time, on September 21, 2002 (the "Expiration Time").

  • Term of Warrants; Exercise of Warrants (a) Subject to the terms of this Agreement, the Holder shall have the right, at any time during the period commencing on the "Exercisability Date" (hereinafter defined), and ending at 5:00 p.m., New York, New York time, on December 26, 2006 (the "Termination Date"), to purchase from the Company up to the number of Shares which the Holder may at the time be entitled to purchase pursuant to this Agreement and the portion of the Warrant (or certificate therefor) then held by it, upon surrender to the Company, at its principal office in Dallas, Texas, of the certificate evidencing the portion of the Warrant to be exercised together with the purchase form duly filled in and signed, and upon payment to the Company of the portion of the Warrant Price, as defined in and determined in accordance with the provisions of Sections 6 and 7 hereof, allocable to the number of Shares with respect to which such portion of the Warrant is then exercised. Payment of the Warrant Price shall be made (i) in cash, by cashier's check or by wire transfer or (ii) through the surrender of debt, preferred equity securities or Common Stock of the Company having a principal amount, liquidation preference, or current market price, as the case may be, equal to the aggregate Warrant Price to be paid (the Company will pay the accrued interest or dividends on such surrendered debt, preferred equity securities, or Common Stock in cash at the time of surrender notwithstanding the stated terms thereof) or (iii) through "cashless" or "net-issue" exercise provided in Section 3(b) below. For purposes of this Section 3, the "Exercisability Date" shall mean the earliest to occur of the following dates: (i) December 27, 1999; (ii) the date when a Change of Control Notice (as defined in Section 7.4) is given; (iii) the date that certain Consulting and Strategic Services Agreement dated December 27, 1996 by and between the Company and EUF ▇▇▇▇▇▇ ▇.▇. is terminated (with or without cause); or (iv) the date upon which a registered public offering under the Securities Act of 1933, as amended, of equity interests in the Company is made pursuant to a registration statement on Form S-1 or a successor form, but in no event earlier than June 27, 1998 in the event such offering occurs prior to such date. (b) The holder of the Warrant may also exercise the Warrant in a "cashless" or "net-issue" exercise by delivery to the Company of (a) the written notice described in Section 3(a) above, (b) the Warrant and (c) written notice that the holder elects to make payment of the Warrant Price, in full or in part, by surrender of its right to purchase certain shares of Common Stock pursuant to the Warrant. For purposes of this Section 3(b), the value of the surrender of the right to purchase a share of Common Stock shall be attributed a value equal to (i) the current market price per share of Common Stock minus (ii) the then Warrant Price per share of Common Stock. If the determination of current market price per share of Common Stock is to be made for a "cashless" or "net-issue" exercise in connection with an initial public offering of Common Stock, the current market price per share of Common Stock shall equal the per share offering price without deductions for any compensation, discounts or expenses paid or incurred by the Company in connection with such offering. Otherwise, the current market price shall be determined in accordance with the provisions of Section 7.1(f) hereof. (c) Upon such surrender of the Warrant (or certificate therefor) and payment of such Warrant Price as aforesaid, or after "cashless" or "net issue" exercise, the Company shall, within five (5) business days, issue and cause to be delivered to or upon the written order of the Holder, and in such name or names as the Holder may designate, certificate or certificates for the number of full Shares so purchased upon the exercise of the Warrant, together with cash, as provided in Section 8 hereof, with respect to any fractional Shares otherwise issuable upon such surrender and the cash, property and other securities to which the Holder is entitled pursuant to the provisions of Section 7. The Warrant shall be exercisable, at the election of the Holder, either in whole or from time to time in part and, in the event that the certificate evidencing the Warrant is exercised with respect to less than all of the Shares specified therein at any time prior to the Termination Date, a new certificate evidencing the remaining Warrant shall be issued by the Company.

  • Duration of Warrants Each Warrant may be exercised in whole or in part at any time, as specified herein, on or after [the date thereof] [●] and at or before [●] p.m., [City] time, on [●] or such later date as the Company may designate by notice to the Warrant Agent and the holders of Warrant Certificates mailed to their addresses as set forth in the record books of the Warrant Agent (the “Expiration Date”). Each Warrant not exercised at or before [●] p.m., [City] time, on the Expiration Date shall become void, and all rights of the holder of the Warrant Certificate evidencing such Warrant under this Agreement shall cease.