Related Warrants definition
Examples of Related Warrants in a sentence
Holder may exchange or subdivide this Warrant into Related Warrants for the same aggregate number of Warrant Shares, with each new Related Warrant to represent the right to purchase that portion of the Exercise Quantity of Warrant Shares designated by Holder.
Company will issue and deliver Related Warrants to Holder with respect to the untransferred portion, and to transferee, who thereupon will also become a Holder, with respect to the transferred portion.
Holder may exercise all or a portion of this Warrant at any time, and from time to time, before Expiration, by delivering a written notice of exercise (a form of which is attached hereto as Exhibit A) to Company, specifying (i) the number of Warrant Shares to be purchased, (ii) the proposed registered holders of Warrant Shares and any Related Warrants (as defined in Section 1.2b), and (iii) a date of exercise determined by Holder (the “Exercise Date”) not more than twenty business days after such notice.
This Warrant is exchangeable, without expense to the Holder and upon surrender hereof to the Company, for Related Warrants of different denominations entitling the Holder to purchase Related Warrant Shares equal in total number and identical in type to the Warrant Shares covered by this Warrant.
This Warrant and the Related Warrants evidence the obligation of the Company to issue shares of its Common Stock, in the aggregate, corresponding to 8.5% of all Common Stock, calculated as of the date of Closing and subject to reduction under the circumstances set out herein.
Holder may exercise all or a portion of this Warrant at any time, and from time to time, before Expiration, by delivering a written notice of exercise to Company, specifying (i) the number of Warrant Shares to be purchased, (ii) the proposed registered holders of Warrant Shares and any Related Warrants (as defined in Section 1.2b), and (iii) a date of exercise determined by Holder (the “Exercise Date”) not more than twenty business days after such notice.
Alternatively, if such warrant instrument is not remitted to the Company the Note Holder agrees that the Company may take all action necessary to reflect the forfeiture and cancellation of such warrant instrument representing the Related Warrants.
This Warrant is exchangeable, without expense to the Holder and upon surrender hereof to the Company, for Related Warrants of different denominations entitling the Holder to purchase Warrant Shares equal in total number and identical in type to the Warrant Shares covered by this Warrant.
Notwithstanding the foregoing, the aggregate number of Warrant Shares issuable at any time hereunder and under each of the Related Warrants shall never be increased above 19.9% of the number of Warrant Shares of the Company's Common Stock actually outstanding at closing, subject in all cases to adjustment for stock splits, reverse splits and stock dividends.
This Warrant and three (3) other Series A stock purchase warrants dated the date hereof, issued by the Company (the Related Warrants), have been issued under the terms of an Investment and Loan Agreement among the Company, the Holder and certain other parties, dated this date (the Investment Agreement).