Default Warrant definition

Default Warrant has the meaning set forth in Section 3.5.
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Default Warrant means, if an Event of Default under the Note occurs and is continuing, in addition to the Warrant, a five year warrant issuable to the Lender entitling the holder to purchase up to 285,715 Warrant Shares, which shall be at an exercise price equal to the closing price of the Common Stock as traded on Nasdaq or other Trading Market, as of the date the Event of Default occurs, (a) contain cashless exercise provisions, and (b) full-rachet anti-dilution provisions, and (c) be in the form of Default Warrant annexed as Exhibit F hereto.
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Default Warrant means this Default Warrant and all Default Warrants issued in exchange, transfer or replacement thereof.
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Examples of Default Warrant in a sentence

  • Subject to Section 3.6(c) below, the General Partner shall deposit into the Escrow Account any UST Warrant Proceeds in order to assure the availability of funds for the potential obligation of the Noteholder to refund amounts pursuant to Section 8.4; provided that no Default Warrant Proceeds shall be deposited in the Escrow Account.

  • The number of shares designated in the Registration Statement to be registered shall include 150% of the Warrant Shares, 150% of the Default Warrant Shares, if any, and 150% of the Conversion Shares and shall include appropriate language regarding reliance upon Rule 416 to the extent permitted by the Commission.

  • The number of shares designated in the Registration Statement to be registered shall include 150% of the Conversion Shares, 150% of the Warrant Shares and 150% of the Default Warrant Shares, if any, and shall include appropriate language regarding reliance upon Rule 416 to the extent permitted by the Commission.

  • The number of shares designated in the Registration Statement to be registered shall include 150% of the Warrant Shares, 150% of the Merger Shares, 150% of the Default Warrant Shares, if any, and 150% of the Conversion Shares and shall include appropriate language regarding reliance upon Rule 416 to the extent permitted by the Commission.

  • Amsterdam and PDMC have previously entered into that certain Convertible Debt Agreement dated as of April 22, 1996 ("Convertible Debt Agreement"), pursuant to which PDMC delivered to Amsterdam that certain $13,050,000 Convertible Secured Note ("Convertible Note"), and that certain Warrant to Purchase up to 3,588,750 shares of common stock of PDMC ("Amsterdam Default Warrant").

  • If the Holder exercises all or any portion of the Convertible Debentures, Warrants or Default Warrants at a time when he is not an Affiliate of the Company (a “Non-Affiliated Holder”) at a time when there is an effective registration statement to cover the resale of the Conversion Shares, Warrant Shares or the Default Warrant Shares, such Warrant Shares, Conversion Shares or Default Warrant Shares shall be issued free of all legends.

  • Notwithstanding the foregoing, the Company shall have no obligations to deliver Conversion Shares or Default Warrant Shares or to pay any Buy-In Price under this Section 4(q) if the Company has timely delivered in good faith a bona fide objection to such conversion or exercise notice.

  • The Default Warrant shall be exercisable for shares of the Company's common stock in accordance with the terms and conditions contained in the Default Warrant.

  • The Company understands and acknowledges that the --------------- number of Conversion Shares and/or Default Warrant Shares issuable upon exercise of the Notes and/or Default Warrants, as applicable, will increase in certain circumstances.

  • Upon issuance of a Default Warrant, any Holder or Holders will have the right to require the Company to purchase all or any part of the Default Warrants owned by such Holder or Holders.

Related to Default Warrant

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Parent Warrant means a warrant to purchase shares of Parent Common Stock.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants to be delivered to the Purchasers at the Closing in accordance with Section 2.2 hereof, which Series C Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years from the initial exercise date, in the form of Exhibit A attached hereto.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at Closing in accordance with Section 2.2(a) hereof, which Series B Warrants shall be exercisable immediately and have a term of exercise equal to 18 months, in the form of Exhibit D attached hereto.

  • SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.