Common use of Black Scholes Value Clause in Contracts

Black Scholes Value. Notwithstanding the foregoing and the provisions of Section 4(b) above, at the request of the Holder delivered at any time commencing on the earliest to occur of (x) the public disclosure of any contemplated Change of Control, (y) the consummation of any Change of Control and (z) the Holder first becoming aware of any Change of Control through the date that is ninety (90) days after the public disclosure of the consummation of such Change of Control by the Company pursuant to a Current Report on Form 8-K filed with the SEC, the Company or the Successor Entity (as the case may be) shall purchase this Warrant from the Holder on the date of such request by paying to the Holder cash in an amount equal to the Black Scholes Value. Payment of such amounts shall be made by the Company (or at the Company’s direction) to the Holder on or prior to the later of (x) the second (2nd) Trading Day after the date of such request and (y) the date of consummation of such Change of Control.

Appears in 2 contracts

Sources: Warrant Agreement (CBAK Energy Technology, Inc.), Warrant Agreement (Kandi Technologies Group, Inc.)

Black Scholes Value. Notwithstanding the foregoing and the provisions of Section 4(b) above, at the request of the Holder delivered at any time commencing on the earliest to occur of (x) the public disclosure of any contemplated Change of ControlFundamental Transaction, (y) the consummation of any Change of Control Fundamental Transaction and (z) the Holder first becoming aware of any Change of Control Fundamental Transaction through the date that is ninety (90) days after the public disclosure of the consummation of such Change of Control Fundamental Transaction by the Company pursuant to a Current Report on Form 8-K filed with the SEC, the Company or the Successor Entity (as the case may be) shall purchase this Warrant from the Holder on the date of such request by paying to the Holder cash in an amount equal to the Black Scholes Value. Payment of such amounts shall be made by the Company (or at the Company’s direction) to the Holder on or prior to the later of (x) the second (2nd) Trading Day after the date of such request and (y) the date of consummation of such Change of ControlFundamental Transaction.

Appears in 2 contracts

Sources: Security Agreement (Alto Ingredients, Inc.), Security Agreement (Pacific Ethanol, Inc.)

Black Scholes Value. Notwithstanding the foregoing and the provisions of Section 4(b) above, at the request of the Holder delivered at any time commencing on the earliest to occur of (x) the public disclosure of any contemplated Change of Control, (y) the consummation of any Change of Control and (z) the Holder first becoming aware of any Change of Control through the date that is ninety sixty (9060) days after the public disclosure of the consummation of such Change of Control by the Company pursuant to a Current Report on Form 8-K filed with the SEC, the Company or the Successor Entity (as the case may be) shall purchase this Warrant from the Holder on the date of such request by paying to the Holder cash in an amount equal to the Black Scholes Value. Payment of such amounts shall be made by the Company (or at the Company’s direction) to the Holder on or prior to the later of (x) the second (2nd) Trading Day after the date of such request and (y) the date of consummation of such Change of Control. Notwithstanding the foregoing, payments made under this Section 4(c) shall not be duplicative of payments made under Section 4(b) above.

Appears in 2 contracts

Sources: Rescission and Exchange Agreement (Patriot National, Inc.), Securities Purchase Agreement (Patriot National, Inc.)

Black Scholes Value. Notwithstanding the foregoing and the provisions of Section 4(b6(b) above, at the request of the Holder delivered at any time commencing on the earliest to occur of (x) the public disclosure of any contemplated Change of ControlFundamental Transaction, (y) the consummation of any Change of Control Fundamental Transaction and (z) the Holder first becoming aware of any Change of Control Fundamental Transaction through the date that is ninety sixty (9060) days after the public disclosure of the consummation of such Change of Control Fundamental Transaction by the Company pursuant to a Current Report on Form 8-K filed with the SEC, the Company or the Successor Entity (as the case may be) shall purchase this Warrant from the Holder on the date of such request by paying to the Holder cash in an amount equal to the Black Scholes Value. Payment of such amounts shall be made by the Company (or at the Company’s direction) to the Holder on or prior to the later of (x) the second (2nd) Trading Day after the date of such request and (y) the date of consummation of such Change Fundamental Transaction, provided that, for the avoidance of Controldoubt, no such payment shall be required prior to consummation of the applicable Fundamental Transaction.

Appears in 2 contracts

Sources: Series B Warrant Agreement (IonQ, Inc.), Warrant Agreement (IonQ, Inc.)

Black Scholes Value. Notwithstanding the foregoing and the provisions of Section 4(b) above, at the request of the Holder delivered at any time commencing on the earliest to occur of (x) the public disclosure of any contemplated Change of ControlFundamental Transaction, (y) the consummation of any Change of Control Fundamental Transaction and (z) the Holder first becoming aware of any Change of Control Fundamental Transaction through the date that is ninety (90) days after the public disclosure of the consummation of such Change of Control Fundamental Transaction by the Company Partnership pursuant to a Current Report on Form 8-K filed with the SEC, the Company Partnership or the Successor Entity (as the case may be) shall purchase this Warrant from the Holder on the date of such request by paying to the Holder cash in an amount equal to the Black Scholes Value. Payment of such amounts shall be made by the Company Partnership (or at the CompanyPartnership’s direction) to the Holder on or prior to the later of (x) the second (2nd) Trading Day after the date of such request and (y) the date of consummation of such Change Fundamental Transaction. Notwithstanding the foregoing, payments made under this Section 4(c) shall not be duplicative of Controlpayments made under Section 4(b) above.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Emerge Energy Services LP), Securities Purchase Agreement

Black Scholes Value. Notwithstanding the foregoing and the provisions of Section 4(b) above, at the request of the Holder delivered at any time commencing on the earliest to occur of (x) the public disclosure of any contemplated Change of Control, (y) the consummation of any Change of Control and (z) the Holder first becoming aware of any Change of Control through the date that is ninety (90) days after the public disclosure of the consummation of such Change of Control by the Company pursuant to a Current Report on Form 8-K filed with the SEC, the Company or the Successor Entity (as the case may be) shall purchase this Warrant from the Holder on the date of such request by paying to the Holder cash in an amount equal to the Black Scholes Value. Payment of such amounts shall be made by the Company (or at the Company’s direction) to the Holder on or prior to the later of (x) the second (2nd) Trading Day after the date of such request and (y) the date of consummation of such Change of Control.

Appears in 2 contracts

Sources: Warrant Agency Agreement (Polarityte, Inc.), Underwriting Agreement (Polarityte, Inc.)

Black Scholes Value. Notwithstanding the foregoing and the provisions of Section 4(b4(a) above, at the request of the Holder delivered at any time commencing on the earliest to occur of (x) the public disclosure of any contemplated Change of Control, (y) the consummation of any Change of Control and (z) the Holder first becoming aware of any Change of Control through the date that is ninety (90) days after the public disclosure of the consummation of such Change of Control by the Company pursuant to a Current Report on Form 8-K filed with the SEC, the Company or the Successor Entity (as the case may be) shall purchase this Warrant from the Holder on the date of such request by paying to the Holder cash in an amount equal to the Black Scholes Value. Payment of such amounts shall be made by the Company (or at the Company’s direction) to the Holder on or prior to the later of (x) the second (2nd) Trading Day after the date of such request and (y) the date of consummation of such Change of Control.

Appears in 1 contract

Sources: Underwriting Agreement (Ekso Bionics Holdings, Inc.)

Black Scholes Value. Notwithstanding the foregoing and the provisions of Section 4(b3(f) above, at the request of the Holder delivered at any time commencing on the earliest to occur of (x) the public disclosure of any contemplated Change of ControlFundamental Transaction, (y) the consummation of any Change of Control Fundamental Transaction and (z) the Holder first becoming aware of any Change of Control Fundamental Transaction through the date that is ninety (90) days after the public disclosure of the consummation of such Change of Control Fundamental Transaction by the Company pursuant to a Current Report on Form 8-K filed with the SEC, the Company or the Successor Entity (as the case may be) shall purchase this Warrant from the Holder on the date of such request by paying to the Holder cash in an amount equal to the Black Scholes Value. Payment of such amounts shall be made by the Company (or at the Company’s direction) to the Holder on or prior to the later of (x) the second (2nd) Trading Day after the date of such request and (y) the date of consummation of such Change of ControlFundamental Transaction.

Appears in 1 contract

Sources: Common Stock Purchase Warrant (Code Chain New Continent LTD)

Black Scholes Value. Notwithstanding the foregoing and the provisions of Section 4(b) above, at the request of the Holder delivered at any time commencing on the earliest to occur of (x) the public disclosure of any contemplated a Change of Control, (y) the consummation of any a Change of Control and (z) the Holder first becoming aware of any a Change of Control through the date that is ninety (90) days after the public disclosure of the consummation of such Change of Control by the Company pursuant to a Current Report on Form 8-K filed with the SEC, the Company or the Successor Entity (as the case may be) shall purchase this Warrant from the Holder on the date of such request by paying to the Holder cash in an amount equal to the Black Scholes Value. Payment of such amounts shall be made by the Company (or at the Company’s direction) to the Holder on or prior to the later of (x) the second (2nd) Trading Day after the date of such request and (y) the date of consummation of such Change of Control.

Appears in 1 contract

Sources: Underwriting Agreement (Ondas Holdings Inc.)