Warrant Coverage definition

Warrant Coverage means 2.95% times the aggregate principal amount of Term Loan Advances (as defined in the Loan Agreement) made and funded by the Warrantholder under the Loan Agreement from time to time.
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Warrant Coverage means [Three Hundred Thousand Dollars ($300,000.00)]1 [1.20% of such amount advanced under Tranche 2, Tranche 3, Tranche 4 or Tranche 5 (as defined and set forth in the Loan Agreement), as applicable to the tranche under which the Agreement was entered into by the parties hereto in connection with the Term Loan Advance (as defined in the Loan Agreement)]2.
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Warrant Coverage initially means $328,300; provided however, that upon any Advance under the Loan Agreement, Warrant Coverage means the sum of: (i) $328,300 plus (ii) 98% times 3.30% times the amount of all Advances made under the Loan Agreement.
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Examples of Warrant Coverage in a sentence

  • This Warrant shall be exercisable for a number of shares of Common Stock equal to the quotient derived by dividing (i) the Warrant Coverage by (ii) the Exercise Price, subject to adjustment from time to time in accordance with the provisions of this Warrant.

  • For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, an aggregate number of fully paid and non-assessable shares of Common Stock equal to the quotient derived by dividing (a) the Warrant Coverage (as defined below) by (b) the Exercise Price (as defined below).

  • For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, an aggregate number of fully paid and non-assessable shares of the Preferred Stock equal to the quotient derived by dividing (a) the Warrant Coverage (as defined below) by (b) the Exercise Price (defined below).

  • For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, an aggregate number of fully paid and non-assessable shares of the Common Stock equal to the quotient derived by dividing (a) the Warrant Coverage (as defined below) by (b) the Exercise Price (defined below).

  • The Purchase Price may be paid at the Warrantholder’s election either (a) by cash or check, or (b) by surrender of all or a portion of the Warrant for shares of Capital Stock to be exercised under this Warrant and, if applicable, an amended Warrant representing the remaining number of shares or the amount of the Warrant Coverage purchasable hereunder, as determined below (“Net Issuance”).


More Definitions of Warrant Coverage

Warrant Coverage. The Purchaser will be entitled to warrants to purchase the same number of Shares (the "Purchased Warrants"). The shares of Common Stock into which the Warrants are exercisable (the "Warrant Shares") will have piggyback registration rights as provided in this Agreement.
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Warrant Coverage means $396,000.
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Warrant Coverage means $1,890,000.
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Warrant Coverage means one and one-half percent (1.50%) multiplied by the aggregate original principal amount of Term Loan Advances made by Warrantholder (as defined in the Loan Agreement)
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Warrant Coverage means [1.00% of such amount advanced under Tranche 1-A, Tranche ▇-▇, ▇▇▇▇▇▇▇ ▇-▇, ▇▇▇▇▇▇▇ ▇-▇, ▇▇▇▇▇▇▇ 2 or Tranche 3 (as defined and set forth in the Loan Agreement), as applicable to the tranche under which the Agreement was entered into by the parties hereto in connection with the Term Loan Advance (as defined in the Loan Agreement)].
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Warrant Coverage means the percentage obtained by dividing (i) the aggregate exercise price of the warrant(s) (i.e., the product of (A) the exercise price of the warrant(s) issued in connection with the transaction and (B) the total number of shares of capital stock issuable upon exercise of the warrant(s)) by (ii) the total principal amount of the loan or lease transaction associated with the issuance of the warrants.
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Warrant Coverage in Section 1(a) of the Agreement is hereby deleted in its entirety.
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