Aggregate Warrants definition
Examples of Aggregate Warrants in a sentence
No consideration shall be offered or paid to any Holder to amend or consent to a waiver, amendment or other modification of any provision of the Agreement unless the same consideration is offered to all of the holders of the outstanding Aggregate Warrants.
The Company at any time may, and upon a request in writing of the Warrantholders holding Warrants conferring not less than 10 per cent of the Aggregate Warrants Entitlements shall, convene a meeting of Warrantholders.
For purposes of this Agreement, the term “Final Merger Price” shall mean (i) the Final Merger Consideration divided by (ii) the sum of (A) the Aggregate Company Common Shares, plus (B) the Aggregate Warrants.
The consent of the holders of at least two-thirds of the Aggregate Warrants represented by such Warrant Certificates may be obtained (i) in writing or (ii) at a meeting where at least 25% of the aggregate number of all Aggregate Warrants outstanding are present in person or represented by proxy.
Par Paydown Aggregate Warrants (as percentage of common stock outstanding immediately prior to the Transaction Effective Date7) Less than $10 million 19.99% $10 million+ but less than below 19.99% $20 million+ but less than below 15.99% $30 million+ 10.00% The exercise price for each Warrant shall be equal to $0.01.
Notwithstanding the foregoing, nothing herein shall prevent the Company or the Parent from satisfying its obligations under the Aggregate Notes and the Aggregate Warrants.
Subject to Subsection 14, the Warrant Certificates may only be amended with the consent of the holders of at least two-thirds of the Aggregate Warrants represented by such Warrant Certificates, in which case such amendments shall be binding on the Holder with or without its consent.
For the purposes of this Agreement, the Holder’s “Pro Rata Share” at any time shall be the percentage calculated by dividing the number of Warrants held by the Holder at such time by the number of Aggregate Warrants (as defined below) outstanding at that time.