Nature of the Warrants Clause Samples

The "Nature of the Warrants" clause defines the fundamental characteristics and rights associated with the warrants issued under an agreement. It typically clarifies whether the warrants are transferable, the type and number of securities they entitle the holder to purchase, and any restrictions or conditions on their exercise. For example, it may specify that the warrants are not registered securities and do not confer voting rights until exercised. This clause ensures that both parties clearly understand the legal status and limitations of the warrants, thereby preventing misunderstandings about what rights the warrant holders possess.
Nature of the Warrants. Each Warrant has been issued in the form of one subscription right (inschrijvingsrecht / droit de souscription), subject to the terms of these Conditions, which are binding upon the Company and each Holder. A total of one million (1,000,000) Warrants has been issued.
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Nature of the Warrants. The Warrants were issued on 17 February 2011 and are standard European style warrants that are intended to provide investors with a payout upon expiry calculated by reference to the excess of (i) in the case of the Call Warrants, the Closing Level of the Nikkei 225 Stock Average Index (the “Index”) on the Valuation Date over the Strike Level; or (ii) in the case of the Put Warrants, the Strike Level over the Closing Level of the Index on the Valuation Date. The Warrants are cash settled. Because the Index Currency Amount is denominated in Japanese yen (“JPY”) and the Settlement Currency is Hong Kong dollars (“HKD”), there is a currency conversion embedded in the Warrants. This conversion for the Warrants, as with other Index warrants, is intended to be a conversion from JPY into HKD. The formula for determining the Cash Settlement Amount before correction obviously delivers a fundamentally different result. The necessity for the conversion from JPY to HKD is reflected in the Correct Formula.
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Nature of the Warrants 
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Related to Nature of the Warrants

  • Replacement of the Warrant Subject to the receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant and, in the case of loss, theft or destruction, on delivery of an indemnity agreement reasonably satisfactory in form and substance to the Company or, in the case of mutilation, on surrender and cancellation of this Warrant, the Company at the expense of the Holder shall execute and deliver, in lieu of this Warrant, a new warrant of like tenor and amount.

  • Exercise of the Warrant Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company (or such other office or agency of the Company as it may designate by notice in writing to the registered Holder at the address of the Holder appearing on the books of the Company) of a duly executed facsimile copy of the Notice of Exercise in the form annexed hereto. Within three (3) Trading Days following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier's check drawn on a United States bank unless the cashless exercise procedure specified in Section 2(c) below is specified in the applicable Notice of Exercise. No ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise form be required. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within three (3) Trading Days of the date the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one (1) Business Day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.

  • of the Warrant As contemplated by the Warrant, this Notice of Exercise is being sent by email or by facsimile to the fax number and officer indicated above.

  • of the Warrant Agreement In the event that the Warrant is to be exercised on a “cashless” basis pursuant to Section 7.4 of the Warrant Agreement, the number of Ordinary Shares that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of the Warrant Agreement.

  • TERM OF THE WARRANT AGREEMENT Except as otherwise provided for herein, the term of this Warrant Agreement and the right to purchase Preferred Stock as granted herein shall commence on the Effective Date and shall be exercisable for a period of (i) seven (7) years or (ii) three (3) years from the effective date of the Company's initial public offering, whichever is longer.