Warrant Redemption Clause Samples

Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black ▇▇▇▇▇▇, on the date they are called for redemption and (y) the number of Warrants being redeemed multiplied by the excess of (A) the Market Price of the Common Shares over (B) the exercise price of the Warrants. "Market Price" shall mean the volume weighted average sales price as reported by Bloomberg, L.P. for the three consecutive trading days immediately prior to the date that the Warrants are called for redemption.

Warrant Redemption. Upon (i) occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, and (ii) at the option of the Company at any time before the 360th day following the Closing Date, the Company may be required or elect, as the case may be, to redeem (and pay any applicable liquidated damages) all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black Sholes, on the date they are called for redemption and (y) the nu▇▇▇▇ ▇f Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five Trading Days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.

Warrant Redemption. (a) At any time after the Qualified Financing during the term of this Warrant, while a registration statement covering shares of Common Stock underlying this Warrant is in effect, if the shares of Common Stock of the Company shall trade on a national securities exchange at a price equal to the product of: (x) the Qualified Financing Price multiplied by (y) 2.0 for a period of 10 consecutive trading days, this entire Warrant may be redeemed, at the option of the Company, at any time while the Warrant is exercisable and prior to its expiration, at the principal executive offices of the Company, upon notice to the Holder of the Warrant at a price per Warrant equal to $0.01 per Warrant (the “Redemption Price”), provided that any redemption by the Company pursuant to this Section 4(a) shall be subject to the Holder’s Conversion Limitations under Section 3(i) above. (b) In the event that the Company elects to redeem the entire Warrant, the Company shall fix a date for the redemption (the “Redemption Date”). Notice of redemption and of the Redemption Date shall be provided as set forth in Section 10 hereof not less than thirty (30) days prior to the Redemption Date (the “30-day Redemption Period”) to the Holder of the Warrant. (c) The Warrant may be exercised at any time after notice of redemption shall have been given by the Company and prior to the Redemption Date. On and after the Redemption Date, as applicable, the Holder of the Warrant shall have no further rights except to receive, upon surrender of the Warrants, the Redemption Price.

Warrant Redemption. In the event of a failure by the Company to maintain an effective Registration Statement during the term of this Warrant, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black Sholes, on the date they are called ▇▇▇ ▇▇demption and (y) the number of Warrants being redeemed multiplied by the excess of (A) the Market Price of the Common Shares over (B) the exercise price of the Warrants. "Market Price" shall mean the volume weighted average sales price as reported by Bloomberg, L.P. for the three consec▇▇▇▇▇ ▇▇▇ding days immediately prior to the date that the Warrants are called for redemption.

Warrant Redemption. The Company may not call or redeem any portion of this Warrant without the prior written consent of the affected Holder.

Warrant Redemption. Simultaneously with the execution and delivery of this Amendment No. 3, the Lender is delivering to the Borrower, for redemption by the Borrower, all of the Warrants (covering an aggregate of 2,100,000 shares of Common Stock), in consideration of which the Borrower is paying to the Lender the sum of $1,000,000, constituting part of the Additional Note being issued pursuant to paragraph 7 below. The Lender makes no representations or warranties regarding the Warrants or the value thereof, other than that the Lender has unencumbered title to the Warrants and full power and authority to deliver the Warrants for redemption hereunder.

Warrant Redemption. Upon occurrence of the events described in Exhibit A to the Purchase Agreement setting forth the terms fo the Series A Convertible Preferred Stock with respect to redemption, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black Sholes, on the date they are called for redemption and (y) the ▇▇▇▇▇r of Warrants being redeemed multiplied by the excess of (A) the average closing bid price of the Common Stock for the five trading days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.

Warrant Redemption. In the event of the approval of the Warrant Redemption by the requisite vote of the holders of Parent Warrants in accordance with Section 5.6(a), Parent (or Holdco, as applicable) shall consummate the Warrant Redemption upon the terms provided for in the Warrant Agreement, as amended pursuant to the terms of such vote.

Warrant Redemption. Upon occurrence of the events described in Section 3.4 of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black Sholes, on the date they are called for redemption and (y) the ▇▇▇▇▇▇ of Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five Trading Days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.