Aggregate Warrant Consideration definition
Examples of Aggregate Warrant Consideration in a sentence
The Aggregate Share Consideration, the Aggregate Warrant Consideration and the Aggregate Option Consideration shall be cash, denominated in Canadian dollars in same day funds payable.
Concurrently with the execution of this Agreement, Purchaser and GECC shall enter into the Warrant Purchase Agreement in the form of Exhibit C attached hereto (the "Warrant Purchase Agreement"), providing for Purchaser's purchase of GECC's warrants to purchase Common Stock of the Company (the "Warrants") for the Aggregate Warrant Consideration referred to in Section 2.3.4 in accordance with the terms of the Warrant Purchase Agreement.
Upon receipt of the Aggregate Warrant Consideration, the Warrants shall be cancelled and retired and shall cease to exist.
As of the Effective Time, the Warrants shall no longer be outstanding and shall automatically terminate and cease to exist and the Warrantholders shall cease to have any rights with respect to the Warrants, except the right to receive a portion of the Aggregate Warrant Consideration, if any.
Any interest on the deposit of the Aggregate Warrant Consideration or the Aggregate Option Consideration shall belong to the Company.
For the avoidance of doubt, notwithstanding any provision herein to the contrary: (i) in no event will the Purchaser be required to pay more than the Closing Cash Consideration or to issue more than the Closing Stock Consideration or the Aggregate Warrant Consideration in the Merger; and (ii) all calculations described in this Section 1.6 will be calculated and rounded to five decimal places.