Exercise Proceeds definition

Exercise Proceeds means the shares or other securities or property that a Warrantholder has the right to acquire on the exercise of Warrants, subject to adjustment from time to time as provided in and otherwise in accordance with the provisions of Article 4;
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Exercise Proceeds shall have the meaning set forth in Section 4.29(b) hereof.
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Exercise Proceeds. Assuming an exercise price of S$0.10, the gross proceeds from the full exercise of the Warrants will be S$3,500,000. Within five (5) Business Days after the listing and quotation notice in relation to the issuance of the Warrants is received, the Company shall issue and deliver the Warrants to the Investor or to the Investor’s order, provided that, if the Warrants are not issued and delivered by the Company to the Investor within forty‐five (45) days after the date hereof (the “Warrants Delivery Date”), the Company shall pay to the Investor an amount equal to the greater of (i) the Black Scholes Value of the Warrants as calculated on the Warrants Delivery Date (assuming all of the Warrants had been delivered on such date) or (ii) eight hundred thirty‐eight thousand United States Dollars (US$838,000) (the "Warrants Fee"). If the Warrants Fee becomes payable, upon receipt of the Warrants Fee in full by the Investor, the Company will no longer be required to issue the Warrants. The Exercise Price represents a premium of 113.68% to the weighted average price of S$0.0468 per Share, for trades done on the SGX‐ST on 20 March 2017 (being the full market day on which the Agreement is signed).
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Examples of Exercise Proceeds in a sentence

  • If the aggregate Exercise Price, as of such consummation date, is less than the aggregate value of the Exercise Proceeds, then the Warrantholder shall be entitled to exercise this Warrant in connection with such Corporate Event and shall automatically receive upon the consummation of such Corporate Event, in lieu of the Warrant Shares, the Exercise Proceeds, and this Warrant shall automatically terminate in connection therewith.

  • If the aggregate Exercise Price, as of such consummation date, is less than the aggregate value of the Exercise Proceeds, then the Warrantholder shall be entitled to exercise this Warrant in connection with such Corporate Event and shall automatically receive upon the consummation of such Corporate Event, in lieu of the Warrant Shares, the Exercise Proceeds.

  • Within three days of the receipt of the Exercise Proceeds and Notice of Exercise, the Company will deliver the shares issuable upon the exercise of the Original Warrant to the Investor per the instructions set forth in the Notice of Exercise.

  • The Exercise Price Per Warrant and number of Common Shares or, after adjustment, the number or amount of other Exercise Proceeds to be acquired by a Warrantholder on exercise of a Warrant, is subject to adjustment from time to time upon the occurrence of the events and in the manner provided for in this Article 4.

  • Upon the receipt of the Notice of Exercise and Exercise Proceeds, the Original Warrant will be automatically cancelled.

  • Notwithstanding the foregoing, an expense of the Company not expressly listed above may be paid utilizing the Exercise Proceeds if and only if the Company has obtained the prior written consent of the Parent’s Chief Financial Officer to the payment of the specific expense requested to be paid from the Exercise Proceeds, which consent may be withheld in Parent’s or its Chief Financial Officer’s sole discretion.

  • Further, the total of all said expenses shall not exceed the Exercise Proceeds.

  • Additionally, in the event that an Investor exercises some or all of its Warrants for cash (“Exercise Proceeds”), then the Company shall direct all such Exercise Proceeds to the repayment of the Note.

  • Each whole Warrant issued hereunder shall entitle the Holder thereof to purchase one Common Share (or such Exercise Proceeds as the Corporation may be required to issue or convey pursuant to the adjustments referred to in Article 4), representing in aggregate approximately 6.49% of the Fully-Diluted Shares at the date hereof, at a price per Common Share equal to the Exercise Price Per Warrant.

  • Within two Business Days of the Exercise Date, the Corporation shall deliver to the person in whose name the Common Shares so subscribed for are to be issued share certificates (or, in the case of other Exercise Proceeds, other evidences of entitlement) for the appropriate number of Common Shares to which the Warrantholder is entitled.


More Definitions of Exercise Proceeds

Exercise Proceeds means the cash proceeds received by the Company at or prior to the Effective Time (but after the date of this Agreement) in consideration for the exercise of any Company Options or Company Warrants, which exercises and proceeds received shall be set forth on a schedule that sets forth, by holder, the number of Company Options and Company Warrants exercised by such holder prior to the Effective Time (but after the date of this Agreement) and whether such Company Options and Company Warrants were exercised on a cash basis or on a cashless basis, and such schedule shall be delivered to Parent two (2) Business Days prior to the Effective Time and shall be updated immediately prior to the Effective Time.
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Exercise Proceeds means the cash proceeds received by the Company at or prior to the Effective Time (but after the date of this Agreement) in consideration for the exercise of any Company Options or Company Warrants, which exercises and proceeds received shall be set forth on a schedule delivered to Parent two (2) Business Days prior to the Effective Time and shall be updated immediately prior to the Effective Time.
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Related to Exercise Proceeds

  • Net Issuance Proceeds means, in respect of any issuance of debt or equity, cash proceeds (including cash proceeds as and when received in respect of non-cash proceeds received or receivable in connection with such issuance), net of underwriting discounts and reasonable out-of-pocket costs and expenses paid or incurred in connection therewith in favor of any Person not an Affiliate of a Borrower.

  • Purchase Proceeds means any cash amounts received by the Master Servicer in connection with: (i) the repurchase of a Mortgage Loan or an REO Mortgage Loan by a Seller pursuant to Section 2.3 or (ii) the purchase of the Mortgage Loans and REO Properties by the Depositor, the Master Servicer, the Special Servicer or the holders of the Class R-I Certificates pursuant to Section 10.1(b).

  • Repurchase Proceeds the Repurchase Price in connection with any repurchase of a Mortgage Loan by the Seller and any cash deposit in connection with the substitution of a Mortgage Loan.

  • Equity Issuance Proceeds means, with respect to any Equity Issuance, all cash and cash equivalent investments received by the Borrower or any of its Subsidiaries from such Equity Issuance (other than from any other Credit Party) after payment of, or provision for, all underwriter fees and expenses, SEC and blue sky fees, printing costs, fees and expenses of accountants, lawyers and other professional advisors, brokerage commissions and other out-of-pocket fees and expenses actually incurred in connection with such Equity Issuance.

  • Option Proceeds means the cash actually received by the Company for the exercise price in connection with the exercise of Options that are exercised after the Effective Date of the Plan, plus the maximum tax benefit that could be realized by the Company as a result of the exercise of such Options, which tax benefit shall be determined by multiplying (i) the amount that is deductible for Federal income tax purposes as a result of any such option exercise (currently, equal to the amount upon which the Participant’s withholding tax obligation is calculated), times (ii) the maximum Federal corporate income tax rate for the year of exercise. With respect to Options, to the extent that a Participant pays the exercise price and/or withholding taxes with Shares, Option Proceeds shall not be calculated with respect to the amounts so paid in Shares.