Exercise Limitations definition
Examples of Exercise Limitations in a sentence
In order to facilitate compliance with the foregoing, each Holder will be required to make a representation that it and its affiliates will comply with the Exercise Limitations immediately after the exercise of any Warrant and receipt of any shares of Common Stock issuable upon such exercise.
The Holder shall be deemed to have elected to be subject to the Holder’s Exercise Limitations unless such ▇▇▇▇▇▇’s subscription agreement indicates it has opted out of such election.
The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 2(e) [Holder’s Exercise Limitations] to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation.
The Holder, upon notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 2(e) [Holder’s Exercise Limitations], provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of Ordinary Shares outstanding immediately after giving effect to the issuance of Warrant Shares upon exercise of this Warrant held by the Holder and the provisions of this Section 2(e) [Holder’s Exercise Limitations] shall continue to apply.
For purposes of this Section 2(e) [▇▇▇▇▇▇’s Exercise Limitations], in determining the number of outstanding Ordinary Shares, a Holder may rely on the number of outstanding Ordinary Shares as reflected in (A) the Company’s most recent periodic or annual report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by the Company or the Transfer Agent setting forth the number of Ordinary Shares outstanding.
Section 4.1 Exercise Price 4 Section 4.2 Exercise Period and Expiration 4 Section 4.3 Exercise Limitations 4 Section 4.4 Method of Exercise 5 Section 4.5 Issuance of Warrant Shares 6 Section 4.6 Reservation of Shares 6 Section 4.7 Listing 6 Section 4.8 Compliance with Law 6 Article V.
In the event contractual lockups, the Exercise Limitations (as described in Section 4 herein), or applicable law or regulation restricts PEDEVCO’s ability to transfer and assign the Option Shares to GGE, the Call Date shall be extended to the such date as the transfer and assignment of the Option Shares may be consummated in accordance with such contractual lockups, applicable law or regulations.