Separation of Warrants Sample Clauses
The Separation of Warrants clause defines the conditions under which warrants, which are typically issued together with other securities such as bonds or shares, can be detached and traded independently. In practice, this clause specifies the timing, process, and any restrictions related to separating the warrants from the original security package, such as after a certain date or upon meeting specific criteria. Its core function is to provide flexibility and liquidity to investors by allowing them to sell or exercise the warrants separately, thereby enhancing the attractiveness and marketability of the securities offering.
Separation of Warrants. The Notes and Warrants shall not be separately transferable prior to the Separation Date.
Separation of Warrants. 5 Section 6.
Separation of Warrants. The book-entry interests representing the Third Lien Notes and the Warrants initially represented by the Units will not be separately transferable until separation. Separation of the Third Lien Notes from the Warrants will not occur automatically, but at the request of a Holder on or after the date of issuance of the Units (the “Separation Date”). Upon presentation of any book-entry interests representing the Units for exchange for book-entry interests representing Warrants and book-entry interests representing the Third Lien Notes, or for registration of transfer or otherwise, the Unit Agent shall notify the Registrar, the Trustee and the Warrant Agent of the number of Units so presented, the registered owner thereof, the nature of any legends set forth on such Unit Certificate and any other information provided by the holder thereof in connection therewith. After the Separation Date, the Units shall automatically cease to exist.
Separation of Warrants. EXERCISE OF WARRANTS 27
Section 4.1 Separation of Warrants 27 Section 4.2 Exercise of Warrants 27 Section 5.1 Registration Procedures 28 Section 5.2 Limitations, Conditions and Qualifications to Obligations under Registration Covenants 31 Section 5.3 Piggy-Back Registration of Registrable Securities 31 Section 5.4 Priority in Piggy-Back Registration 32 Section 5.5 Registration Expenses 32 Section 5.6 Indemnification 33 Section 6.1 Payment of Taxes 35 Section 7.1 Reservation of Warrant Shares 35 Section 7.2 Registration of Warrant Shares 36 Section 8.1 Adjustment for Change in Shares of Common Stock 36 Section 8.2 Distributions 37 Section 8.3 Adjustment for Common Stock Issuance 37 Section 8.4 Issuance of Rights or Options 38 Section 8.5 Fundamental Transaction; Liquidation 38 Section 8.6 Superseding Adjustment 39 Section 8.7 Minimum Adjustment 39 Section 8.8 Limitation on Adjustments 40 Section 8.9 Form of Warrants 40 Section 8.10 Calculation of Consideration 40 Section 9.1 Fractional Shares 41 Section 10.1 Notices to Warrant Holders 41 Section 11.1 Agents 42 Section 11.2 Merger, Consolidation or Change of Name of Agent 45 Section 11.3 Change of Agent 45 Section 12.1 Reports 46 Section 13.1 CUSIP Numbers 46 Section 14.1 Notices to Company and Agent 47 Section 14.2 Supplements and Amendments 48 Section 14.3 Successors 48 Section 14.4 Termination 48 Section 14.5 Governing Law 48 Section 14.6 Benefits of This Agreement 48 Section 14.7 Counterparts 49 This WARRANT AND UNIT AGREEMENT, dated as of August 4, 2009 (this “Agreement”), between Commercial Vehicle Group, Inc., a Delaware corporation (the “Company”), and U.S. Bank National Association, as unit agent (in such capacity, the “Unit Agent”) and as warrant agent (in such capacity, the “Warrant Agent”).
Separation of Warrants. Terms of Warrants, Exercise of Warrants. The Senior PIK Preferred Stock and Warrants will not be separately transferable until the "Separability Date," which shall be immediately upon sale of the Units by the Initial Purchasers. Subject to the terms of this Agreement, each Warrant Holder shall have the right, which may be exercised commencing on or after the date of issuance and until 5:00 p.m., New York City time, on November 1, 2007 (the "Expiration Date"), to receive from the Company upon the exercise of each warrant the number of fully paid and nonassessable Warrant Shares which the Holder may at the time be entitled to receive on exercise of such Warrants and payment of the Exercise Price (as defined below) then in effect for such Warrant Shares. Each Warrant not exercised prior to the Expiration Date shall become void and all rights thereunder and an rights in respect thereof under this Agreement shall cease as of such time. No adjustments as to dividends will be made upon exercise of the Warrants. The initial price per share at which Warrant Shares shall be purchasable upon exercise of Warrants (the "Exercise Price") shall be $.01, subject to adjustment, provided, that in no event shall the Exercise Price be less than $.01 per share. A Warrant may be exercised upon surrender at the office or agency of the Company maintained for such purpose, which initially will be the corporate trust office of the Warrant Agent in Ridgefield Park, New Jersey, of the certificate or certificates evidencing the Warrants to be exercised with the form of election to purchase on the reverse thereof duly filled in and signed, which signature shall be guaranteed by a participant in a recognized Signature Guarantee Medallion Program, and upon payment to the Warrant Agent for the account of the Company of the Exercise Price, as adjusted as herein provided, for the number of Warrant Shares in respect of which such Warrants are then exercised. Payment of the aggregate Exercise Price shall be made in cash or by certified or official bank check to the order of the Warrant Agent on behalf of the Company in Immediately Available Funds. Subject to the provisions of Section 6 hereof, upon such surrender of Warrants and payment of the Exercise Price, the Company shall issue and cause to be delivered with all reasonable dispatch to or upon the written order of the Holder and in such name or names as the Warrant Holder may designate a certificate or certificates for the number of Warra...
Separation of Warrants. The securities comprising the Units will not be separately transferable until the earlier of (i) the six-month anniversary of the issue date of the Units and (ii) the consummation of a Liquidity Event (the “Separation Date”).
Separation of Warrants. Terms Of Warrants; Exercise Of Warrants 12 COVENANTS OF THE COMPANY Section 5.01. Maintenance Of Office Or Agency 14 Section 5.02. Payment Of Taxes 14 Section 5.03. Reports 15 Section 5.04. Reservation Of Warrant Shares 15 Section 5.05. Obtaining Stock Exchange Listings 16 ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF WARRANT SHARES ISSUABLE
Separation of Warrants. Terms of Warrants; Exercise of Warrants....................................................... 5 SECTION 8.
Separation of Warrants. Except as contemplated in Section 7 of this Agreement, the Notes and Warrants shall not be separately transferable prior to the Separation Date.
Separation of Warrants. The Notes and Warrants shall be ---------------------- automatically separated upon issuance of the Units.