Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party. (ii) The Holder and the Company shall each deliver to such Independent Third Party (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation. (iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 38 contracts
Sources: Security Agreement (Odyssey Health, Inc.), Security Agreement (NKGen Biotech, Inc.), Security Agreement (Laser Photonics Corp)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise PriceAverage Daily Trading Volume, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value Purchase Notice Limit or fair market value or the arithmetic calculation of the number of Warrant Shares VWAP (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder Investor (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Investor at any time after the Holder Investor learned of the circumstances giving rise to such dispute. If the Holder Investor and the Company are unable to agree upon promptly resolve such determination dispute relating to such Average Daily Trading Volume, Purchase Notice Limit or calculation within two VWAP (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder Investor (as the case may be) of such dispute to the Company or the Holder Investor (as the case may be), then the Holder may, at its sole option, submit Company and the dispute to Investor may select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of as mutually agreed upon to resolve such Independent Third Partydispute.
(ii) The Holder Investor and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 10.16 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder such investment bank was selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder Investor or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder Investor or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder Investor shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder Investor shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder Investor of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companyparty submitting such dispute, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 14 contracts
Sources: Common Stock Purchase Agreement (GD Culture Group LTD), Common Stock Purchase Agreement (Auddia Inc.), Common Stock Purchase Agreement (Psyence Biomedical Ltd.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Closing Bid Price, such Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or such fair market value or such arithmetic calculation of the number of Warrant Shares (as the case may be) within two (2) Trading Business Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a15(a)(i) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 10 contracts
Sources: Security Agreement (Avalon GloboCare Corp.), Security Agreement (Hempacco Co., Inc.), Security Agreement (Hempacco Co., Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 13 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 9 contracts
Sources: Warrant Agent Agreement (Bone Biologics Corp), Warrant Agent Agreement (Bone Biologics Corp), Warrant Agent Agreement (Pasithea Therapeutics Corp.)
Submission to Dispute Resolution. (iA) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Priceclosing sale price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail email (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such closing sale price, or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(iiB) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a5(o) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iiiC) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third PartySuch investment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error. If such investment bank’s resolution differs by less than 5% from the Company’s proposed determination, the fees and expenses of such investment bank shall be borne by the Holder, and if such investment bank’s resolution differs by more than 5% from the Company’s proposed determination, the fees and expenses of such investment bank shall be borne by the Company.
Appears in 8 contracts
Sources: Series a Common Stock Purchase Warrant (BTCS Inc.), Series B Common Stock Purchase Warrant (BTCS Inc.), Bonus Common Stock Purchase Warrant (BTCS Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two three (23) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Closing Bid Price, such Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the third (3rd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 15 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companyparty who does not prevail, as determined by such investment bank, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 7 contracts
Sources: Security Agreement (Avalon GloboCare Corp.), Security Agreement (Avalon GloboCare Corp.), Security Agreement (Avalon GloboCare Corp.)
Submission to Dispute Resolution. (iA) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(iiB) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a5(p) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Trading Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iiiC) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Trading Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third PartySuch investment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error. The fees and expenses of such investment bank shall be borne by the Company.
Appears in 6 contracts
Sources: Stock Purchase Agreement (Camber Energy, Inc.), Warrant Agreement (Camber Energy, Inc.), Warrant Agreement (Camber Energy, Inc.)
Submission to Dispute Resolution. (iA) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value Price or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(iiB) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a5(m) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iiiC) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third PartySuch investment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error. If such investment bank’s resolution differs by less than 5% from the Company’s proposed determination, the fees and expenses of such investment bank shall be borne by the Holder, and if such investment bank’s resolution differs by 5% or more from the Company’s proposed determination, the fees and expenses of such investment bank shall be borne by the Company.
Appears in 6 contracts
Sources: Warrant Agreement (RLJ Entertainment, Inc.), Warrant Agreement (RLJ Entertainment, Inc.), Warrant Agreement (RLJ Entertainment, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile or email (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time within ten (10) Trading Days after the Holder learned learns of the circumstances giving rise to such disputedispute (or, if the Holder thereafter learns new information with respect to such circumstances, within ten (10) Trading Days after the Holder learns of such new information). If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder mayand the Company shall mutually agree upon, at its sole optionand select, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by to resolve such dispute at the Holder (expense of the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third PartyCompany.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 13 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder investment bank was selected such Independent Third Party by the parties hereto (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely paid 50/50 by the Company, Company and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest errorthe Holder.
Appears in 5 contracts
Sources: Pre Funded Warrant to Purchase Common Stock (Greenlane Holdings, Inc.), Warrant to Purchase Common Stock (KushCo Holdings, Inc.), Warrant to Purchase Common Stock (KushCo Holdings, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise a Closing Bid Price, the a Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value a Conversion Price or a fair market value or the arithmetic calculation of the number of Warrant Shares a Conversion Rate (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder applicable Purchaser (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, such Purchaser at any time after the Holder such Purchaser learned of the circumstances giving rise to such dispute. If the Holder such Purchaser and the Company are unable to agree upon promptly resolve such determination dispute relating to such Bid Price, such Closing Bid Price, such Closing Sale Price, such Conversion Price, such fair market value, or the arithmetic calculation within two of such Conversion Rate (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder such Purchaser (as the case may be) of such dispute to the Company or the Holder such Purchaser (as the case may be), then the Holder such Purchaser may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder Such Purchaser and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 4.21 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder such Purchaser selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder such Purchaser or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder such Purchaser or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder such Purchaser shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation) .
(iii) The Company and the Holder such Purchaser shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder such Purchaser of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 5 contracts
Sources: Securities Purchase Agreement (Sigma Labs, Inc.), Securities Purchase Agreement (DropCar, Inc.), Securities Purchase Agreement (Gratitude Health, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise a Closing Bid Price, the a Closing Sale Price, the Closing Bid a Conversion Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value a VWAP or a fair market value or the arithmetic calculation of a Conversion Rate, or the number of Warrant Shares applicable Redemption Price (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Holder at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Closing Bid Price, such Closing Sale Price, such Conversion Price, such VWAP or such fair market value, or the arithmetic calculation within two of such Conversion Rate or such applicable Redemption Price (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 23 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 4 contracts
Sources: Securities Purchase Agreement (TNL Mediagene), Securities Purchase Agreement (Blue Ocean Acquisition Corp), Securities Purchase Agreement (TNL Mediagene)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise PriceAverage Daily Trading Volume, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value Purchase Notice Limit or fair market value or the arithmetic calculation of the number of Warrant Shares VWAP (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder Investor (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two three (23) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Investor at any time after the Holder Investor learned of the circumstances giving rise to such dispute. If the Holder Investor and the Company are unable to agree upon promptly resolve such determination dispute relating to such Average Daily Trading Volume, Purchase Notice Limit or calculation within two VWAP (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder Investor (as the case may be) of such dispute to the Company or the Holder Investor (as the case may be), then the Holder may, at its sole option, submit Company and the dispute to Investor may select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of as mutually agreed upon to resolve such Independent Third Partydispute.
(ii) The Holder Investor and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 10.16 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder such investment bank was selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder Investor or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder Investor or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder Investor shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder Investor shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder Investor of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companyparty submitting such dispute, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 4 contracts
Sources: Securities Purchase Agreement (QUHUO LTD), Securities Purchase Agreement (Infobird Co., LTD), Securities Purchase Agreement (Boqii Holding LTD)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 4 contracts
Sources: Security Agreement (Signing Day Sports, Inc.), Security Agreement (Signing Day Sports, Inc.), Security Agreement (Signing Day Sports, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 13 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “"Dispute Submission Deadline”") (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “"Required Dispute Documentation”") (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 4 contracts
Sources: Warrant Agent Agreement (Digital Brands Group, Inc.), Warrant Agent Agreement (Digital Brands Group, Inc.), Warrant Agent Agreement (Digital Brands Group, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise a Closing Bid Price, the a Closing Sale Price, the Closing Bid a Conversion Price, Black Scholes Consideration Valuean Installment Conversion Price, Event of Default Black Scholes Valuean Alternate Conversion Price, Black Scholes Value a VWAP or a fair market value or the arithmetic calculation of a Conversion Rate, or the number of Warrant Shares applicable Redemption Price (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder or the Company, as the case may be, learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Closing Bid Price, such Closing Sale Price, such Conversion Price, such Installment Conversion Price, such Alternate Conversion Price, such VWAP or such fair market value, or the arithmetic calculation within two of such Conversion Rate or such applicable Redemption Price (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder mayand the Company shall jointly agree upon (with ▇▇▇▇▇▇▇▇▇▇▇ & Co. Inc., at its sole option, submit the dispute to deemed pre-approved by both parties) and select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 23 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 3 contracts
Sources: Second Exchange Agreement (Amyris, Inc.), Exchange Agreement (Amyris, Inc.), Exchange Agreement (Amyris, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise a Closing Bid Price, the a Closing Sale Price, the Closing Bid a Conversion Price, a Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value a VWAP or a fair market value or the arithmetic calculation of a Conversion Rate, or the number of Warrant Shares applicable Redemption Price (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder Company or the Holder, as applicable, learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Closing Bid Price, such Closing Sale Price, such Conversion Price, such Black Scholes Consideration Value, such VWAP or such fair market value, or the arithmetic calculation within two of such Conversion Rate or such applicable Redemption Price (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 23 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the tenth (2nd10th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 3 contracts
Sources: Convertible Security Agreement (Dolphin Entertainment, Inc.), Convertible Security Agreement (Dolphin Entertainment, Inc.), Convertible Security Agreement (Dolphin Entertainment, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise a Closing Bid Price, the a Closing Sale Price, the Closing Bid a Conversion Price, Black Scholes Consideration Valuean Installment Conversion Price, Event of Default Black Scholes Value, Black Scholes Value a Weighted Average Price or a fair market value or the arithmetic calculation of a Conversion Rate or the number of Warrant Shares applicable Redemption Price (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Days at any time after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Holder at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Closing Bid Price, such Closing Sale Price, such Conversion Price, such Installment Conversion Price, such Weighted Average Price or such fair market value, or the arithmetic calculation within two of such Conversion Rate or such applicable Redemption Price (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independentwith the consent of the Company, outside accountant selected by the Holder (the “Independent Third Party”)not to be unreasonably withheld, and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 21 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, Company and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 3 contracts
Sources: Amendment Agreement (Amyris, Inc.), Securities Purchase Agreement (Amyris, Inc.), Securities Purchase Agreement (Amyris, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise PriceAverage Daily Trading Volume, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value Purchase Notice Limit or fair market value or the arithmetic calculation of the number of Warrant Shares VWAP (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder Investor (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Investor at any time after the Holder Investor learned of the circumstances giving rise to such dispute. If the Holder Investor and the Company are unable to agree upon promptly resolve such determination dispute relating to such Average Daily Trading Volume, Purchase Notice Limit or calculation within two VWAP (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder Investor (as the case may be) of such dispute to the Company or the Holder Investor (as the case may be), then the Holder may, at its sole option, submit Company and the dispute to Investor may select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of as mutually agreed upon to resolve such Independent Third Partydispute.
(ii) The Holder Investor and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a10.16(b) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder such investment bank was selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder Investor or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder Investor or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder Investor shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder Investor shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder Investor of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companyparty submitting such dispute, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 3 contracts
Sources: Ordinary Share Purchase Agreement (Intercont (Cayman) LTD), Ordinary Share Purchase Agreement (BloomZ Inc.), Common Stock Purchase Agreement (Zoomcar Holdings, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise PriceAverage Daily Trading Volume, the Closing Sale PricePurchase Notice Limit, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares VWAP (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder Investor (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Investor at any time after the Holder Investor learned of the circumstances giving rise to such dispute. If the Holder Investor and the Company are unable to agree upon promptly resolve such determination dispute relating to such Average Daily Trading Volume, Purchase Notice Limit or calculation within two VWAP (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder Investor (as the case may be) of such dispute to the Company or the Holder Investor (as the case may be), then the Holder may, at its sole option, submit Company and the dispute to Investor may select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of as mutually agreed upon to resolve such Independent Third Partydispute.
(ii) The Holder Investor and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 10.16 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder such investment bank was selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder Investor or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder Investor or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder Investor shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder Investor shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder Investor of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companylosing party, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error. The terms of this Agreement, each other applicable Transaction Document, and the Required Dispute Documentation shall serve as the basis for the selected investment bank’s resolution of the applicable dispute, such investment bank shall be entitled (and is hereby expressly authorized) to make all findings, determinations and the like that such investment bank determines are required to be made by such investment bank in connection with its resolution of such dispute and in resolving such dispute such investment bank shall apply such findings, determinations and the like to the terms of this Agreement and any other applicable Transaction Documents.
Appears in 3 contracts
Sources: Common Stock Purchase Agreement (Pineapple Financial Inc.), Common Stock Purchase Agreement (NewGenIvf Group LTD), Ordinary Share Purchase Agreement (Silexion Therapeutics Corp)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, such Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd ) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 14 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th ) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 3 contracts
Sources: Warrant Agreement (xG TECHNOLOGY, INC.), Warrant Agreement (xG TECHNOLOGY, INC.), Warrant Agreement (xG TECHNOLOGY, INC.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise a Closing Bid Price, the a Closing Sale Price, the Closing Bid a Conversion Price, Black Scholes Consideration Valuea Dividend Conversion Price, Event of Default Black Scholes Valuean Alternate Conversion Price, Black Scholes Value a VWAP or a fair market value or the arithmetic calculation of a Conversion Rate, or the number of Warrant Shares applicable redemption price (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the applicable Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, such H▇▇▇▇▇ at any time after the Holder such H▇▇▇▇▇ learned of the circumstances giving rise to such dispute. If the such Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Closing Bid Price, such Closing Sale Price, such Conversion Price, such Dividend Conversion Price, such Alternate Conversion Price, such VWAP or such fair market value, or the arithmetic calculation within two of such Conversion Rate or such applicable redemption price (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the such Holder (as the case may be) of such dispute to the Company or the such Holder (as the case may be), then the such Holder may, at its sole optionwith the consent of the Company (not to be unreasonably withheld, submit the dispute to conditioned or delayed), select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Such Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 23 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the such Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the such Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the such Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the such Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the such Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the such Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companyparty in whose favor the investment bank decides such dispute or, in the event that the investment bank determines that the applicable calculation is in between the amounts submitted by the Company and such Holder, then half of such fees and expenses shall be borne by the Company and half of such fees and expenses shall be borne by the Holder, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 3 contracts
Sources: Securities Purchase Agreement (IMAC Holdings, Inc.), Settlement Agreement (IMAC Holdings, Inc.), Securities Purchase Agreement (IMAC Holdings, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 3 contracts
Sources: Security Agreement (Clean Energy Technologies, Inc.), Security Agreement (Lytus Technologies Holdings PTV. Ltd.), Security Agreement (Lytus Technologies Holdings PTV. Ltd.)
Submission to Dispute Resolution. (iA) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(iiB) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a5(p) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iiiC) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third PartySuch investment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error. If such investment bank’s resolution differs by less than 5% from the Company’s proposed determination, the fees and expenses of such investment bank shall be borne by the Holder, and if such investment bank’s resolution differs by more than 5% from the Company’s proposed determination, the fees and expenses of such investment bank shall be borne by the Company.
Appears in 3 contracts
Sources: Common Stock Purchase Warrant (RLJ Entertainment, Inc.), Common Stock Purchase Warrant (RLJ Entertainment, Inc.), Security Agreement (RLJ Entertainment, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Security Agreement (Alpine 4 Holdings, Inc.), Security Agreement (Alpine 4 Holdings, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 15 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Warrant Agreement (FTC Solar, Inc.), Warrant Agreement (FTC Solar, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days at any time after the Holder learned of the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, parties shall submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder as mutually agreed upon to resolve such dispute (the “Independent Third Party”), . If the Company and the Company Holder cannot agree upon such and investment bank or accountant within ten (10) Trading Days of the initial notice, the parties shall pay all expenses of such Independent Third Partysubmit the dispute to binding arbitration pursuant to the Arbitration Provisions.
(ii) The Holder and the Company shall each deliver to such Independent Third Party (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Companylosing party, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Security Agreement (INVO Bioscience, Inc.), Security Agreement (INVO Bioscience, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise a Closing Bid Price, the a Closing Sale Price, the Closing Bid a Conversion Price, Black Scholes Consideration Valuean Alternate Conversion Price, Event of Default Black Scholes Value, Black Scholes Value a VWAP or a fair market value or the arithmetic calculation of a Conversion Rate, or the number of Warrant Shares applicable Redemption Price (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Holder at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Closing Bid Price, such Closing Sale Price, such Conversion Price, such Alternate Conversion Price, such VWAP or such fair market value, or the arithmetic calculation within two of such Conversion Rate or such applicable Redemption Price (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 23 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Security Agreement (Esports Entertainment Group, Inc.), Security Agreement (Esports Entertainment Group, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares Units (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company Partnership or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the CompanyPartnership, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company Partnership are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Black Scholes Consideration Value, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Units (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company Partnership or the Holder (as the case may be) of such dispute to the Company Partnership or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company Partnership shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 13 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company Partnership fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company Partnership and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company Partnership nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company Partnership and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company Partnership and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the CompanyPartnership, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Emerge Energy Services LP), Securities Purchase Agreement
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two five (25) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 13 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Rescission and Exchange Agreement (Patriot National, Inc.), Securities Purchase Agreement (Patriot National, Inc.)
Submission to Dispute Resolution. (ia) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the a Closing Sale Price, the Closing Bid Pricea Conversion Rate, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or a fair market value or a Redemption Premium Amount or the arithmetic calculation of a Conversion Price or the number of Warrant Shares applicable Redemption Price (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (Ai) if by the Company, within two five (25) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (Bii) if by the Holder, at any time within five (5) Business Days after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Closing Sale Price, such Conversion Rate, such fair market value or such Redemption Premium Amount, or the arithmetic calculation within two of such Conversion Price or such applicable Redemption Price (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole optionwith the consent of the Company (such consent not to be unreasonably or untimely withheld), submit the dispute to select an independent, reputable reputable, nationally known investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(iib) The Holder and the Company shall each deliver to such Independent Third Party investment bank (Ai) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 21 and (Bii) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the tenth (2nd10th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (Ai) and (Bii) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iiic) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The reasonable fees and reasonable expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Subordinated Note Agreement (Venus Concept Inc.), Subordinated Note Agreement (Venus Concept Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise a Closing Bid Price, the a Closing Sale Price, the Closing Bid a Conversion Price, Black an Alternate Conversion Price, a Black-Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value a VWAP or a fair market value or the arithmetic calculation of a Conversion Rate or the number of Warrant Shares applicable Redemption Price (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Holder at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Closing Bid Price, such Closing Sale Price, such Conversion Price, such Alternate Conversion Price, such Black-Scholes Consideration Value, such VWAP or such fair market value, or the arithmetic calculation within two of such Conversion Rate or such applicable Redemption Price (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank reasonably acceptable to the Company (so long as such consent or independent, outside accountant selected approval by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of is not unreasonably or untimely delayed) to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 24 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Securities Purchase Agreement (NewGenIvf Group LTD), Securities Purchase Agreement (NewGenIvf Group LTD)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Security Agreement (Avalon GloboCare Corp.), Security Agreement (iCoreConnect Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, such Black Scholes Consideration Value Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 15 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Security Agreement (Alto Ingredients, Inc.), Security Agreement (Pacific Ethanol, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Equity Purchase Agreement (Yoshiharu Global Co.), Equity Purchase Agreement (Yoshiharu Global Co.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise PriceAverage Daily Trading Volume, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value Purchase Notice Limit or fair market value or the arithmetic calculation of the number of Warrant Shares VWAP (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder Investor (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Investor at any time after the Holder Investor learned of the circumstances giving rise to such dispute. If the Holder Investor and the Company are unable to agree upon promptly resolve such determination dispute relating to such Average Daily Trading Volume, Purchase Notice Limit or calculation within two VWAP (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder Investor (as the case may be) of such dispute to the Company or the Holder Investor (as the case may be), then the Holder may, at its sole option, submit Company and the dispute to Investor may select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of as mutually agreed upon to resolve such Independent Third Party.dispute. Docusign Envelope ID: C036C03D-D237-4E22-98C5-546C32A7008B
(ii) The Holder Investor and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a10.16(b) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder such investment bank was selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder Investor or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder Investor or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder Investor shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder Investor shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder Investor of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companyparty submitting such dispute, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Common Stock Purchase Agreement (Crown Electrokinetics Corp.), Common Stock Purchase Agreement (Crown Electrokinetics Corp.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value Price or fair market value or the arithmetic calculation of the number of Warrant Right Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Closing Sale Price or such fair market value or such arithmetic calculation within two of the number of Right Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 15 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Agreement and Plan of Merger (Titan Environmental Solutions Inc.), Agreement and Plan of Merger (Titan Environmental Solutions Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value Price or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be, the “Submitting Party”) shall promptly submit the dispute to the other party via electronic mail in writing, specifying in reasonable detail (Ai) if by the Companydispute(s) and (ii) the Submitting Party’s proposed calculation, within two adjustment and/or determination, as applicable. Promptly following such submission, the Company and the Holder agree to consult (2) Trading Days after the occurrence including, without limitation, exchanging reasonable details of their positions and any supporting data as part of the circumstances giving rise consultation process, provided that they will not be required to exchange any proprietary or confidential information) in good faith and in a commercially reasonable and timely manner to resolve any such dispute or (Bdispute(s) if by the Holderand agree on such calculation, at any time after the Holder learned of the circumstances giving rise to such disputeadjustment and/or determination. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to Submitting Party may select an independent, reputable investment bank or independentto resolve such dispute (subject to the other party’s consent, outside accountant selected by the Holder (the “Independent Third Party”not to be unreasonably withheld), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 18 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder such investment bank was selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any further written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely equally by the CompanyCompany and the Holder, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Pre Funded Warrant Agreement (IonQ, Inc.), Pre Funded Warrant Agreement (IonQ, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise PriceAverage Daily Trading Volume, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value Purchase Notice Limit or fair market value or the arithmetic calculation of the number of Warrant Shares VWAP (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder Investor (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Investor at any time after the Holder Investor learned of the circumstances giving rise to such dispute. If the Holder Investor and the Company are unable to agree upon promptly resolve such determination dispute relating to such Average Daily Trading Volume, Purchase Notice Limit or calculation within two VWAP (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder Investor (as the case may be) of such dispute to the Company or the Holder Investor (as the case may be), then the Holder may, at its sole option, submit Company and the dispute to Investor may select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of as mutually agreed upon to resolve such Independent Third Partydispute.
(ii) The Holder Investor and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder such investment bank was selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder Investor or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder Investor or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder Investor shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder Investor shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder Investor of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companysubstantially non-prevailing party, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Common Stock Purchase Agreement (Nuburu, Inc.), Common Stock Purchase Agreement (Nuburu, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be, the “Submitting Party”) shall promptly submit the dispute to the other party via electronic mail in writing, specifying in reasonable detail (Ai) if by the Companydispute(s) and (ii) the Submitting Party’s proposed calculation, within two adjustment and/or determination, as applicable. Promptly following such submission, the Company and the Holder agree to consult (2) Trading Days after the occurrence including, without limitation, exchanging reasonable details of their positions and any supporting data as part of the circumstances giving rise consultation process, provided that they will not be required to exchange any proprietary or confidential information) in good faith and in a commercially reasonable and timely manner to resolve any such dispute or (Bdispute(s) if by the Holderand agree on such calculation, at any time after the Holder learned of the circumstances giving rise to such disputeadjustment and/or determination. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to Submitting Party may select an independent, reputable investment bank or independentto resolve such dispute (subject to the other party’s consent, outside accountant selected by the Holder (the “Independent Third Party”not to be unreasonably withheld), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 18 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder such investment bank was selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any further written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely equally by the CompanyCompany and the Holder, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Series B Warrant Agreement (IonQ, Inc.), Warrant Agreement (IonQ, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Market Price, the Closing Bid PriceVWAP, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Shares issuable pursuant to this Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail email (A) if by the Company, within two five (25) Trading Days business days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time within five (5) business days after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Market Price, VWAP, or such fair market value or such arithmetic calculation within two of the number of Shares issuable pursuant to this Warrant (2as the case may be), at any time after the second (2nd) Trading Days business day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Company and the Holder may, at its sole option, submit the dispute to may jointly select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of accounting firm to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party accounting firm (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 11 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York Eastern time) by second the fifth (2nd5th) Business Day business day immediately following the date on which the Company and the Holder jointly selected such Independent Third Party accounting firm (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party accounting firm with respect to such dispute and such Independent Third Party accounting firm shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party accounting firm prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyaccounting firm, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party accounting firm in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party accounting firm to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days business days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party accounting firm shall be borne solely equally by the CompanyCompany and the Holder, and such Independent Third Partyaccounting firm’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Investment Agreement (Inspirato Inc), Warrant Agreement (Inspirato Inc)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise PriceAverage Daily Trading Volume, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value Purchase Notice Limit or fair market value or the arithmetic calculation of the number of Warrant Shares VWAP (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder Investor (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Investor at any time after the Holder Investor learned of the circumstances giving rise to such dispute. If the Holder Investor and the Company are unable to agree upon promptly resolve such determination dispute relating to such Average Daily Trading Volume, Purchase Notice Limit or calculation within two VWAP (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder Investor (as the case may be) of such dispute to the Company or the Holder Investor (as the case may be), then the Holder may, at its sole option, submit Company and the dispute to Investor may select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of as mutually agreed upon to resolve such Independent Third Partydispute.
(ii) The Holder Investor and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a10.16(b)(i) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder such investment bank was selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder Investor or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder Investor or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder Investor shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder Investor shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder Investor of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companyparty submitting such dispute, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Ordinary Share Purchase Agreement (Akari Therapeutics PLC), Ordinary Share Purchase Agreement (Akari Therapeutics PLC)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two five (25) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time within five (5) Business Days after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, Event of Default Black Scholes Value, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Company and the Holder may, at its sole option, submit the dispute to may jointly select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 13 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Delcath Systems, Inc.), Securities Purchase Agreement (Delcath Systems, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 15 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Securities Purchase Agreement (K Wave Media Ltd.), Securities Purchase Agreement (Digital Health Acquisition Corp.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value a Conversion Price or the arithmetic calculation of a Conversion Rate, the number of Warrant Shares Optional Redemption Price or the Forced Redemption Price (as the case may be) (including, without limitation, including a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail or otherwise (A) if by the Company, within two five (25) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time Holder within five (5) Business Days after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Conversion Price or the arithmetic calculation within two of such Conversion Rate or such Redemption Price (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to Company shall select an independent, reputable investment bank or independentacceptable to the Holder, outside accountant selected by the Holder (the “Independent Third Party”)acting reasonably, to resolve such dispute and the Company shall pay all expenses promptly send written confirmation of such Independent Third Partyjoint selection to the Holder.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 19 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (p.m., New York time) , by second the fifth (2nd5th) Business Day immediately following the date on which the Company provided notice to the Holder selected of the joint selection of such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation). Any and all communications between the Company, on the one hand, and the Holder, on the other hand, and such investment bank shall be made in writing and a copy provided simultaneously to the Company and the Holder and no meeting between such investment bank and the Company or the Holder shall take place unless each of the Company and the Holder are in attendance.
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by shared equally between the CompanyCompany and the Holder, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 2 contracts
Sources: Joinder Agreement (Wood River Capital, LLC), Note Purchase Agreement (Li-Cycle Holdings Corp.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail email (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, such Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank reasonably acceptable to the Company (so long as such consent or independent, outside accountant selected approval by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of is not unreasonably or untimely delayed) to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 15 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Sources: Securities Purchase Agreement (NewGenIvf Group LTD)
Submission to Dispute Resolution. (i1) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise PriceAverage Daily Trading Volume, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value Purchase Notice Limit or fair market value or the arithmetic calculation of the number of Warrant Shares VWAP (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder Investor (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Investor at any time after the Holder Investor learned of the circumstances giving rise to such dispute. If the Holder Investor and the Company are unable to agree upon promptly resolve such determination dispute relating to such Average Daily Trading Volume, Purchase Notice Limit or calculation within two VWAP (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder Investor (as the case may be) of such dispute to the Company or the Holder Investor (as the case may be), then the Holder may, at its sole option, submit Company and the dispute to Investor may select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of as mutually agreed upon to resolve such Independent Third Partydispute.
(ii2) The Holder Investor and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 10.16 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder such investment bank was selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder Investor or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder Investor or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder Investor shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii3) The Company and the Holder Investor shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder Investor of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companyparty submitting such dispute, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Sources: Ordinary Share Purchase Agreement (Molecular Data Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.Submission
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Sources: Security Agreement (CaliberCos Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder▇▇▇▇▇▇, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 13 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise a Closing Bid Price, the a Closing Sale Price, the Closing Bid a Conversion Price, Black Scholes Consideration Valuean Alternate Conversion Price, Event of Default Black Scholes Value, Black Scholes Value a VWAP or a fair market value or the arithmetic calculation of a Conversion Rate, or the number of Warrant Shares applicable redemption price (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the applicable Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holdersuch ▇▇▇▇▇▇, at any time after the Holder learned of the circumstances giving rise to such disputetime. If the such Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Closing Bid Price, such Closing Sale Price, such Conversion Price, such Alternate Conversion Price, such VWAP or such fair market value, or the arithmetic calculation within two of such Conversion Rate or such applicable redemption price (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the such Holder (as the case may be) of such dispute to the Company or the such Holder (as the case may be), then the such Holder may, at its sole optionwith the consent of the Company (not to be unreasonably withheld, submit the dispute to conditioned or delayed), select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Such Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 23 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the such Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the such Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the such Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the such Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the such Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the such Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companyparty in whose favor the investment bank decides such dispute or, in the event that the investment bank determines that the applicable calculation is in between the amounts submitted by the Company and such Holder, then half of such fees and expenses shall be borne by the Company and half of such fees and expenses shall be borne by the Holder, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Sources: Securities Purchase Agreement (Phoenix Biotech Acquisition Corp.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid a Conversion Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value a VWAP or a fair market value or the arithmetic calculation of the number of Warrant Shares a Conversion Rate, (as the case may be) (including, without limitation, including a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company Corporation or the applicable Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the CompanyCorporation, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, such Holder at any time after the such Holder learned of the circumstances giving rise to such dispute. If the such Holder and the Company Corporation are unable to agree upon promptly resolve such determination dispute relating to such closing bid price, such Closing Sale Price, such Conversion Price, such VWAP or such fair market value, or the arithmetic calculation within two (2) Trading Days of such Conversion Rate, at any time after the second Business Day following such initial notice by the Company Corporation or the such Holder (as the case may be) of such dispute to the Company Corporation or the such Holder (as the case may be), then the such Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Such Holder and the Company Corporation shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a22(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) the fifth Business Day immediately following the date on which the such Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the such Holder or the Company Corporation fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company Corporation and the such Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company Corporation nor the such Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company Corporation and the such Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company Corporation and the such Holder of such resolution no later than five (5) 10 Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the CompanyCorporation, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value Average Daily Trading Volume or fair market value or the arithmetic calculation of the number of Warrant Shares Purchase Notice Limit (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder Investor (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two three (23) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Investor at any time after the Holder Investor learned of the circumstances giving rise to such dispute. If the Holder Investor and the Company are unable to agree upon promptly resolve such determination dispute relating to such Average Daily Trading Volume, Purchase Notice Limit or calculation within two VWAP (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder Investor (as the case may be) of such dispute to the Company or the Holder Investor (as the case may be), then the Holder may, at its sole option, submit Company and the dispute to Investor may select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of as mutually agreed upon to resolve such Independent Third Partydispute.
(ii) The Holder Investor and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 10.16 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder such investment bank was selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder Investor or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder Investor or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder Investor shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder Investor shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder Investor of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companyparty submitting such dispute, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole optionwith the consent of the Company (not to be unreasonably or untimely withheld, submit the dispute to conditioned or delayed), select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 15 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companyparty in whose favor the investment bank decides such dispute or, in the event that the investment bank determines that the applicable calculation is in between the amounts submitted by the Company and such Holder, then half of such fees and expenses shall be borne by the Company and half of such fees and expenses shall be borne by the Holder, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Sources: Securities Purchase Agreement (Phoenix Biotech Acquisition Corp.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, such Black Scholes Consideration Value, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 15 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile or email (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time (x) if with respect to a Change of Control, within ninety (90) days after the public disclosure of the consummation of such Change of Control, or (y) otherwise, within ten (10) Trading Days after the Holder learned learns of the circumstances giving rise to such disputedispute (or, if the Holder thereafter learns new information with respect to such circumstances, within ten (10) Trading Days after the Holder learns of such new information). If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder mayand the Company shall mutually agree upon, at its sole optionand select, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 13 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.5:00
Appears in 1 contract
Sources: Warrant Agency Agreement (Synergy Pharmaceuticals, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, such Black Scholes Consideration Value, Black Scholes Value, or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Company and the Holder may, at its sole option, submit the dispute to jointly select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 15 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely equally by the CompanyCompany and the Holder, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.Independent
Appears in 1 contract
Sources: Security Agreement (CaliberCos Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable repSutable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute the Holder disputes any determination relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Warrant Share Number or Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), made by the Company or the board of directors of the Company, the Holder (as the case may be) shall submit the dispute to the other party via electronic mail Company pursuant to the notice provisions in Section 9 hereof (Ax) if by the Companywith respect to a Fundamental Change, within two thirty (230) days after the earlier of public disclosure of the purchase price per share of Common Stock in such Fundamental Change or public disclosure of the consummation of such Fundamental Change, or (y) otherwise, within ten (10) Trading Days after the occurrence ▇▇▇▇▇▇ learns of the circumstances giving rise to such dispute or (Bor, if the Holder thereafter learns new information with respect to such circumstances, within ten (10) if by the Holder, at any time Trading Days after the Holder learned learns of the circumstances giving rise to such disputenew information). If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Warrant Share Number or calculation within two such Black Scholes Value, at any time after the second (22nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be)Company, then the Holder mayand the Company shall mutually agree upon, at its sole optionand select, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by to resolve such dispute; provided that if the Holder (the “Independent Third Party”), and the Company are unable to so agree within ten (10) Business Days, then the Company shall pay select an independent, reputable investment bank in its reasonable discretion. For all expenses purposes under this Section 13 in the case of such Independent Third Party.
(ii) a Global Warrant, the Holder shall act at the direction of Participants representing a majority of the Warrants represented hereby. The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 13 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder investment bank was selected such Independent Third Party by the parties hereto (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation.
(iii) ). The Company and the Holder shall use their efforts to cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely paid by each of the Holder and the Company based on the degree (as determined in good faith by the investment bank) to which the investment bank has accepted the positions of the Holder and the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party (Party( A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.five
Appears in 1 contract
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Priceclosing sale price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value a Conversion Price or a fair market value or the arithmetic calculation of a Conversion Rate, or the number of Warrant Shares applicable Redemption Price (as the case may be) (including, without limitation, including a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company Corporation or the applicable Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the CompanyCorporation, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, such Holder at any time after the such Holder learned of the circumstances giving rise to such dispute. If the such Holder and the Company Corporation are unable to agree upon promptly resolve such determination dispute relating to such closing bid price, such closing sale price, such Conversion Price, such such fair market value, or the arithmetic calculation within two of such Conversion Rate or such applicable Redemption Price (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company Corporation or the such Holder (as the case may be) of such dispute to the Company Corporation or the such Holder (as the case may be), then the such Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Such Holder and the Company Corporation shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a22(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the such Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the such Holder or the Company Corporation fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company Corporation and the such Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company Corporation nor the such Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company Corporation and the such Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company Corporation and the such Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the CompanyCorporation, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Sources: Securities Purchase Agreement (GridIron BioNutrients, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile or email (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time (x) if with respect to a Change of Control, within ninety (90) days after the public disclosure of the consummation of such Change of Control, or (y) otherwise, within ten (10) Trading Days after the Holder learned learns of the circumstances giving rise to such disputedispute (or, if the Holder thereafter learns new information with respect to such circumstances, within ten (10) Trading Days after the Holder learns of such new information). If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder mayand the Company shall mutually agree upon, at its sole optionand select, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 13 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder investment bank was selected such Independent Third Party by the parties hereto (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely paid 50/50 by the Company, Company and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest errorthe Holder.
Appears in 1 contract
Sources: Underwriting Agreement (Ekso Bionics Holdings, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise a closing bid price, a closing ask price, closing trade price, a Conversion Failure, an Optional Conversion Amount, a Mandatory Conversion Amount, an Optional Conversion Price, a book value or market value (in the Closing Sale Pricecase of “book value” or “market value”, as determined by the Closing Bid PriceNYSE American), Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or a fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, including a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company Borrower or the Holder Lender (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the CompanyBorrower, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, Lender at any time after the Holder Lender learned of the circumstances giving rise to such dispute. If the Holder Lender and the Company Borrower are unable to agree upon promptly resolve such determination or calculation within two dispute at any time after the second (22nd) Trading Days Business Day following such initial notice by the Company Borrower or the Holder Lender (as the case may be) of such dispute to the Company Borrower or the Holder Lender (as the case may be), then the Holder Lender may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder Lender and the Company Borrower shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) Section 10.08 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. by the fifth (New York time) by second (2nd5th) Business Day immediately following the date on which the Holder Lender selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder Lender or the Company Borrower fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company Borrower and the Holder Lender or otherwise requested by such Independent Third Partyinvestment bank, neither the Company Borrower nor the Holder Lender shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company Borrower and the Holder Lender shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company Borrower and the Holder Lender of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the CompanyBorrower, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Sources: Secured Convertible Credit and Security Agreement (Armata Pharmaceuticals, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder H▇▇▇▇▇ learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party Party
(A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.five
Appears in 1 contract
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, Event of Default Black Scholes Value, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 15 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Sources: Securities Purchase Agreement (BOQI International Medical, Inc.)
Submission to Dispute Resolution. (iA) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, such Black Scholes Consideration Value, Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(iiB) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a5(p) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iiiC) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely equally by the CompanyCompany and a Holder, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Sources: Common Stock Purchase Warrant (HII Technologies, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) Trading Days following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to an independent, reputable investment bank or independent, outside accountant outsideaccountant selected by the Holder theHolder (the “Independent Third Party”), and the Company shall pay all expenses of such Independent Third Party.
(ii) The Holder and the Company shall each deliver to such Independent Third Party (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second (2nd) Business Day immediately following the date on which the Holder selected such Independent Third Party (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party with respect to such dispute and such Independent Third Party shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Party, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party in connection with such dispute, other than the Required Dispute Documentation.
(iii) The Company and the Holder shall cause such Independent Third Party to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five (5) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party shall be borne solely by the Company, and such Independent Third Party’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, such Black Scholes Consideration Value, such Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 16 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Company, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default the Company Black Scholes Value, the Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail facsimile (A) if by the Company, within two (2) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Closing Sale Price, such Bid Price, such Company Black Scholes Value, such Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole optionwith the consent of the Company (not to be unreasonably or untimely withheld, submit the dispute to conditioned or delayed), select an independent, reputable investment bank or independent, outside accountant selected by the Holder (the “Independent Third Party”), and the Company shall pay all expenses of to resolve such Independent Third Partydispute.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 15 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by second the fifth (2nd5th) Business Day immediately following the date on which the Holder selected such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation).
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by the Companyparty in whose favor the investment bank decides such dispute or, in the event that the investment bank determines that the applicable calculation is in between the amounts submitted by the Company and such Holder, then half of such fees and expenses shall be borne by the Company and half of such fees and expenses shall be borne by the Holder, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Sources: Securities Purchase Agreement (IMAC Holdings, Inc.)
Submission to Dispute Resolution. (i) Notwithstanding anything to the contrary in this Warrant, in In the case of a dispute relating to the Exercise Price, the Forced Exercise Minimum Price, the Closing Sale Price, the Closing Bid Price, Black Scholes Consideration Value, Event of Default Black Scholes Value, Black Scholes Value or fair market value or the arithmetic calculation of the number of Warrant Shares (as the case may be) (including, without limitation, including a dispute relating to the determination of any of the foregoing) (the “Warrant Calculations”), the Company or the Holder (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail or otherwise (A) if by the Company, within two five (25) Trading Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder, at any time Holder within five (5) Business Days after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to agree upon promptly resolve such determination dispute relating to such Exercise Price, such Forced Exercise Minimum Price, such Closing Sale Price, such Bid Price, such Black Scholes Value or such fair market value or such arithmetic calculation within two of the number of Warrant Shares (2as the case may be), at any time after the second (2nd) Trading Days Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, submit the dispute to Company shall select an independent, reputable investment bank or independentacceptable to the Holder, outside accountant selected by the Holder (the “Independent Third Party”)acting reasonably, to resolve such dispute and the Company shall pay all expenses promptly send written confirmation of such Independent Third Partyjoint selection to the Holder.
(ii) The Holder and the Company shall each deliver to such Independent Third Party investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 15(a) 15 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York Calgary time) by second the fifth (2nd5th) Business Day immediately following the date on which the Company provided notice to the Holder selected of the joint selection of such Independent Third Party investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver submit all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such Independent Third Party investment bank with respect to such dispute and such Independent Third Party investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such Independent Third Party investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such Independent Third Partyinvestment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such Independent Third Party investment bank in connection with such dispute, dispute (other than the Required Dispute Documentation). Any and all communications between the Company, on the one hand, and the Holder, on the other hand, and such investment bank shall be made in writing and a copy provided simultaneously to the Company and the Holder and no meeting between such investment bank and the Company or the Holder shall take place unless each of the Company and the Holder are in attendance.
(iii) The Company and the Holder shall cause such Independent Third Party investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than five ten (510) Business Days immediately following the Dispute Submission Deadline. The fees and expenses of such Independent Third Party investment bank shall be borne solely by shared equally between the CompanyCompany and the Holder, and such Independent Third Partyinvestment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
Appears in 1 contract
Sources: Securities Restructuring Agreement (Sundial Growers Inc.)