Amendment of Warrants. 1.1 As of the date of this Agreement, paragraph 6(c) of each of the Warrants shall be deemed amended by the insertion of the following sentence at the end of such Warrant: Upon a reverse stock split, stock combination or similar transaction that results in a decrease in the number of outstanding shares of the Company’s capital stock, the number of shares of Common Stock for which this Warrant is exercisable shall also be proportionately reduced so that the percentage of the Company’s outstanding capital stock for which this Warrant is exercisable will remain unchanged.
Amendment of Warrants. If this Warrant is partially exercised, at the request of the Holder and upon surrender of this Warrant certificate, the Company shall, as promptly as reasonably practicable on or after such request date but in no event within three (3) Business Days after such date, issue an amended Warrant representing the remaining number of Shares purchasable thereunder. All other terms and conditions of such amended Warrant shall be identical to those contained herein.
Amendment of Warrants. The Company and the Investors agree that (i) each of the Warrants shall be amended to read in their entirety (other than with respect to the name of the holder and the applicable numbers of warrant shares) as set forth in Exhibit A hereto, and (ii) they will exchange the Warrants for such amended warrants promptly after the execution hereof. Upon the execution of this Amendment, all references to the Warrants in the Investor Rights Agreement and elsewhere shall mean the amended Warrants.
Amendment of Warrants. In connection with the agreement by GCASIF to accept the discounted repayments set forth herein, Rapid shall re-price all Warrants presently held by GCASIF to an exercise price of $0.05 and extend the maturity of said Warrants to June 1, 2010. The common shares underlying the Warrants will not be sold before August 31, 2007.
Amendment of Warrants. The Company hereby amends each of the following outstanding Warrants issued to each of the Buyers to reduce, in each case, the initial Purchase Price (as such term is defined in the Warrants) to $6.00 per share, subject to adjustment as provided in the respective Warrants:
Amendment of Warrants. Concurrently with the execution and delivery of this Agreement by the Parties, the Warrants shall be amended as follows:
Amendment of Warrants. Effective as of the Closing and in further consideration of each Investor permitting the Company to redeem and exchange such Investor's Notes, the Company and each of the Investors shall amend the terms of each Warrant, by executing and delivering the Warrant Amendment, to provide that the Warrant Exercise Price (as defined in each Warrant) shall be reduced to the average of the Closing Bid Price (as defined in the Warrants) of the Common Stock on each of the five (5) consecutive trading days immediately preceding the Closing Date.
Amendment of Warrants. The last sentence of the first paragraph of the Warrant dated April 5, 2004 issued by the Company to Leverage and the Warrant dated April 5, 2004 issued by the Company to Koyah hereby is amended to read as follows: The Holder may exercise this Warrant at any time after the date of this Warrant and prior to the seventh anniversary of the date hereof (the "Expiration Date").
Amendment of Warrants. The Warrants shall be amended as follows:
Amendment of Warrants. The amendment of the Original Warrants is duly authorized and, upon amendment in accordance with the terms of this Agreement, the Warrants shall be validly issued and free from all preemptive or similar rights (except for those which have been validly waived prior to the date hereof), taxes, liens and charges and other encumbrances with respect to the issue thereof. As of the date hereof, a number of shares of Common Stock shall have been duly authorized and reserved for issuance which equals or exceeds the maximum number of Warrant Shares (without taking into account any limitations on the exercise of any Warrants as set forth therein). Upon exercise of any Warrants in accordance with such Warrants, such Warrant Shares when issued will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights, taxes, liens, charges and other encumbrances with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock. Assuming the accuracy of each of the representations and warranties set forth in Section 4.2 of this Agreement, any exercise of the Warrants by the Holder is exempt from registration under the Securities Act.
