Common use of Company’s Failure to Timely Deliver Securities Clause in Contracts

Company’s Failure to Timely Deliver Securities. If the Company shall fail for any reason or for no reason to issue to the Holder within three Business Days of receipt of the Exercise Delivery Documents, a certificate for the number of shares of Common Stock to which the Holder is entitled and register such shares of Common Stock on the Company's share register or to credit the Holder's balance account with DTC for such number of shares of Common Stock to which the Holder is entitled upon the Holder's exercise of this Warrant, and if on or after such Business Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving from the Company, then the Company shall, within three Business Days after the Holder's request and in the Holder's discretion, either (i) pay cash to the Holder in an amount equal to the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the "Buy-In Price"), at which point the Company's obligation to deliver such certificate (and to issue such shares of Common Stock) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock, times (B) the Closing Bid Price on the date of exercise.

Appears in 7 contracts

Samples: Securities Purchase Agreement (Prevention Insurance Com Inc), Warrant Extension Agreement (Prevention Insurance Com Inc), Securities Purchase Agreement (Prevention Insurance Com Inc)

AutoNDA by SimpleDocs

Company’s Failure to Timely Deliver Securities. If the Company shall fail for any reason or for no reason to issue to the Holder within three (3) Business Days of receipt of the Exercise Delivery DocumentsDocuments in compliance with the terms of this Section 1, a certificate for the number of shares of Common Stock to which the Holder is entitled and register such shares of Common Stock on the Company's ’s share register or to credit the Holder's ’s balance account with DTC for such number of shares of Common Stock to which the Holder is entitled upon the Holder's ’s exercise of this Warrant, and if on or after such Business Trading Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a “Buy-In”), then the Company shall, within three (3) Business Days after the Holder's ’s request and in the Holder's ’s discretion, either (i) pay cash to the Holder in an amount equal to the Holder's ’s total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the "Buy-In Price"), at which point the Company's ’s obligation to deliver such certificate (and to issue such shares of Common StockWarrant Shares) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock Warrant Shares and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock, times (B) the Closing Bid Price on the date of exercise.

Appears in 6 contracts

Samples: Underwriting Agreement (Discovery Laboratories Inc /De/), Underwriting Agreement (Discovery Laboratories Inc /De/), Underwriting Agreement (Verenium Corp)

Company’s Failure to Timely Deliver Securities. If (i) In addition to any other rights available to a Holder, if the Company shall fail for any reason fails to deliver or for no reason cause to issue be delivered to the Holder within three Business Days of receipt of the Exercise Delivery Documents, a certificate for representing Warrant Shares by the number first Business Day after the date on which delivery of shares of Common Stock to which the Holder such certificate is entitled and register such shares of Common Stock on the Company's share register or to credit the Holder's balance account with DTC for such number of shares of Common Stock to which the Holder is entitled upon the Holder's exercise of required by this Warrant, and if on or after such Business Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise the Warrant Shares that the Holder anticipated receiving from the CompanyCompany (a "BUY-IN"), then the Company shall, within three Business Days after the Holder's request and in the Holder's discretion, either (i1) pay cash to the Holder in an amount equal to the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the "BuyBUY-In PriceIN PRICE"), at which point the Company's obligation to deliver such certificate (and to issue such shares of Common Stock) shall will terminate, or (ii2) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock, times (B) the Closing Bid Sale Price on the date of exerciseExercise Date.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Western Goldfields Inc), Securities Purchase Agreement (Western Goldfields Inc), Securities Purchase Agreement (Western Goldfields Inc)

Company’s Failure to Timely Deliver Securities. If the Company shall fail for any reason or for no reason to issue to the Holder within three Business Days of receipt of by the Exercise applicable Warrant Share Delivery Documents, Date a certificate for the number of shares of Common Stock to which the Holder is entitled and register such shares of Common Stock on the Company's ’s share register or to credit the Holder's ’s balance account with DTC for such number of shares of Common Stock to which the Holder is entitled upon the Holder's ’s exercise of this Warrant, and if on or after such Business Day Warrant Share Delivery Date the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a “Buy-In”), then the Company shall, within three Business five (5) Trading Days after the Holder's ’s request and in the Holder's ’s discretion, either (i) pay cash to the Holder in an amount equal to the Holder's ’s total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the "Buy-In Price"), at which point the Company's ’s obligation to deliver such certificate (and to issue such shares of Common Stock) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock, times (B) the Closing Bid Sale Price (as defined in the Certificate of Designation) on the date of exercise.

Appears in 3 contracts

Samples: Bovie Medical Corp, Streamline Health Solutions Inc., Health Revenue Assurance Holdings, Inc.

Company’s Failure to Timely Deliver Securities. If the Company shall fail for any reason or for no reason to issue to the Holder within three Business (3) Trading Days of after the Company’s receipt of the facsimile copy of Exercise Delivery Documents, the Company fails to issue and deliver a certificate for the that number of shares of Common Stock to which the Holder is entitled and register such shares of Common Stock on the Company's ’s share register or to credit the Holder's ’s balance account with DTC for such the number of shares of Common Stock to which the Holder is entitled upon the such Holder's ’s exercise of this Warranthereunder, and if on or after such Business Trading Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a “Buy-In”), then the Company shall, within three (3) Business Days after the Holder's ’s request and in the Holder's ’s discretion, either (i) pay cash to the Holder in an amount equal to the Holder's ’s total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the "Buy-In Price"), at which point the Company's ’s obligation to deliver such certificate (and to issue such shares of Common Stock) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock, times (B) the Closing Bid Price on the date of exercise.

Appears in 2 contracts

Samples: FP Technology, Inc., Firepond, Inc.

Company’s Failure to Timely Deliver Securities. If Subject to Section 12, if within three (3) Trading Days after the Company’s receipt of the facsimile copy of an Exercise Notice, with confirmatory notice by overnight delivery, the Company shall fail for any reason or for no reason to issue and deliver a certificate to the Holder within three Business Days of receipt of and register such Common Stock on the Exercise Delivery Documents, a certificate Company’s share register or credit the Holder’s balance account with DTC for the number of shares of Common Stock to which the Holder is entitled and register upon such shares of Common Stock on the Company's share register or to credit the Holder's balance account with DTC for such number of shares of Common Stock to which the Holder is entitled upon the Holder's holder’s exercise of this Warranthereunder, and if on or after such Business Trading Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a “Buy-In”), then the Company shall, within three Business Days after the Holder's ’s request and in the Holder's ’s discretion, either (i) pay cash to the Holder in an amount equal to the Holder's ’s total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the "Buy-In Price"), at which point the Company's ’s obligation to deliver such certificate (and to issue such shares of Common Stock) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-Buy- In Price over the product of (A) such number of shares of Common Stock, times (B) the Closing Bid Sale Price on the date of exercise.

Appears in 2 contracts

Samples: Registration Rights Agreement (I2 Technologies Inc), Registration Rights Agreement (I2 Technologies Inc)

Company’s Failure to Timely Deliver Securities. If the Company shall fail for any reason or for no reason to issue to the Holder within three (3) Business Days of receipt of the Exercise Delivery Documents, a certificate for the number of shares of Common Stock to which the Holder is entitled and register such shares of Common Stock on the Company's share register or to credit the Holder's balance account with DTC for such number of shares of Common Stock to which the Holder is entitled upon the Holder's exercise of this Warrant, and if on or after such Business Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a "Buy-In"), then the Company shall, within three (3) Business Days after the Holder's request and in the Holder's discretion, either (i) pay cash to the Holder in an amount equal to the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the "Buy-In Price"), at which point the Company's obligation to deliver such certificate (and to issue such shares of Common Stock) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock, times (B) the Closing Bid Price on the date of exercise.

Appears in 2 contracts

Samples: Subscription Agreement (Better Biodiesel, Inc), Universal Food & Beverage Compny

Company’s Failure to Timely Deliver Securities. If the Company shall fail for any reason or for no reason to issue to the Holder within three Business Days of receipt of on the Exercise Share Delivery DocumentsDate, a certificate for the number of shares of Common Stock Shares to which the Holder is entitled and register such shares of Common Stock on the Company's share register or to credit the Holder's ’s balance account with DTC for such number of shares of Common Stock Shares to which the Holder is entitled upon the Holder's ’s exercise of this Warrant, and if on or after such Business Day date the Holder purchases (in an open market transaction or otherwise) shares of Common Stock Shares to deliver in satisfaction of a sale by the Holder of shares of Common Stock Shares issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a “Buy-In”), then the Company shall, within three Business Days (3) business days after the Holder's ’s request and in the Holder's ’s discretion, either (i) pay cash to the Holder in an amount equal to the Holder's ’s total purchase price (including brokerage commissions, if any) for the shares of Common Stock Shares so purchased (the "Buy-In Price"), at which point the Company's ’s obligation to deliver such certificate (and to issue such shares of Common StockShares) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock Shares and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common StockShares, times (B) the Closing Bid Weighted Average Price on the date of exercise.

Appears in 1 contract

Samples: Common Stock Purchase (GTC Biotherapeutics Inc)

Company’s Failure to Timely Deliver Securities. If the Company shall fail for any reason or for no reason to issue to the Holder within three (3) Business Days of receipt of the Exercise Delivery DocumentsNotice in compliance with the terms of this Section 1, a certificate for the number of shares of Common Stock to which the Holder Agent is entitled and register such shares of Common Stock on the Company's share register or to credit the Holder's balance account with DTC for such number of shares of Common Stock to which the Holder Agent is entitled upon the Holder's exercise of this Warrant, and if on or after such Business Trading Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a "Buy-In"), then the Company shall, within three (3) Business Days after the Holder's request and in the Holder's discretion, either (i) pay cash to the Holder in an amount equal to the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the "Buy-In Price"), at which point the Company's obligation to deliver such certificate (and to issue such shares of Common StockWarrant Shares) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock Warrant Shares and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock, times (B) the Closing Bid Price on the date of exercise.

Appears in 1 contract

Samples: Raser Technologies Inc

Company’s Failure to Timely Deliver Securities. If within three (3) Trading Days after the Company's receipt of the facsimile copy of an Exercise Notice the Company shall fail for any reason or for no reason to issue and deliver a certificate to the Holder within three Business Days of receipt of the Exercise Delivery Documents, a certificate for the number of shares of Common Stock to which the Holder is entitled and register such shares of Common Stock on the Company's share register or to credit the Holder's balance account with DTC for such the number of shares of Common Stock to which the Holder is entitled upon the Holder's exercise of this Warranthereunder, and if on or after such Business Trading Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a "Buy-In"), then the Company shall, within three (3) Business Days after the Holder's request and in the Holder's discretion, either (i) pay cash to the Holder in an amount equal to the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the "Buy-In Price"), at which point the Company's obligation to deliver such certificate (and to issue such shares of Common StockWarrant Shares) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock Warrant Shares and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock, times (B) the Closing Bid Price on the date of exercise.

Appears in 1 contract

Samples: China Bak Battery Inc

AutoNDA by SimpleDocs

Company’s Failure to Timely Deliver Securities. If the Company shall fail for any reason or for no reason to issue to the Holder within three Business Days of receipt of the properly completed Exercise Delivery DocumentsDocuments in compliance with the terms of this Section 1, a certificate for the number of shares of Common Stock Shares to which the Holder is entitled and to register such shares of Common Stock Shares on the Company's ’s share register or to credit the Holder's ’s balance account with DTC for such number of shares of Common Stock Shares to which the Holder is entitled upon the Holder's ’s exercise of this Warrant, and if on or after such Business Trading Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock Shares to deliver in satisfaction of a sale by the Holder of shares of Common Stock Shares issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a “Buy-In”), then the Company shall, within three Business Days after the Holder's ’s request and in the Holder's ’s discretion, either (i) pay cash to the Holder in an amount equal to the Holder's ’s total purchase price (including brokerage commissions, if any) for the shares of Common Stock Shares so purchased (the "Buy-In Price"), at which point the Company's ’s obligation to deliver such certificate (and to issue such shares of Common StockWarrant Shares) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock Warrant Shares and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common StockShares, times (B) the Closing Bid Price on the date of exercise.

Appears in 1 contract

Samples: Avino Silver & Gold Mines LTD

Company’s Failure to Timely Deliver Securities. If the Company shall fail for any reason or for no reason to issue a certificate to the Holder within three Business Days of receipt of the Exercise Delivery Documents, a certificate for the number of shares of Common Stock to which the Holder is entitled and register such shares of Common Stock on the Company's share register or to credit the Holder's balance account with DTC DTC, as applicable, for such number of shares of Common Stock Shares to which the Holder is entitled upon the Holder's exercise of this WarrantWarrant within three (3) Trading Days of receipt of the Exercise Delivery Documents (an "Exercise Failure"), and if on or after such Business Day Exercise Failure the Holder purchases (in an open market transaction or otherwise) shares of Common Stock Shares to deliver in satisfaction of a sale by the Holder of shares of Common Stock Shares issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a "Buy-In"), then the Company shall, within three Business (3) Trading Days after the Holder's request and in the Holder's discretion, either (i) pay cash to the Holder in an amount equal to the Holder's total purchase price (including brokerage commissionscommissions and other reasonable out-of-pocket brokerage expenses, if any) for the shares of Common Stock Shares so purchased (the "Buy-In Price"), at which point the Company's obligation to issue and deliver such certificate (and to issue the Holder or credit the Holder's balance account with DTC for such shares of Common Stock) Shares shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock Shares or credit such Holder's balance account with DTC and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common StockShares, times (B) the Closing Bid Price on the date of exercise.

Appears in 1 contract

Samples: Securities Purchase Agreement (A-Power Energy Generation Systems, Ltd.)

Company’s Failure to Timely Deliver Securities. If the Company shall fail for any reason or for no reason to issue to the Holder within three Business Days of (3) trading days after the Company’s receipt of the Exercise Delivery Documents, Documents the Company shall fail to issue and deliver a certificate to the Holder and register such shares of Common Stock on the Company’s share register or credit the Holder’s balance account with DTC for the number of shares of Common Stock to which the Holder is entitled and register upon such shares of Common Stock on the Company's share register or to credit the Holder's balance account with DTC for such number of shares of Common Stock to which the Holder is entitled upon the Holder's ’s exercise of this Warranthereunder, and if on or after such Business Day third (3rd) trading day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a “Buy-In”), then the Company shall, within three (3) Business Days after the Holder's ’s request and in the Holder's ’s discretion, either (i) pay cash to the Holder in an amount equal to the Holder's ’s total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the "Buy-In Price"), at which point the Company's ’s obligation to deliver such certificate (and to issue such shares of Common Stock) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock, times (B) the Closing Bid Price on the date of exercise.

Appears in 1 contract

Samples: A Note Purchase Agreement (Blue Coat Systems Inc)

Company’s Failure to Timely Deliver Securities. If the Company shall fail for any reason or for no reason to issue to the Holder within three Business Days of receipt of on the Exercise Share Delivery DocumentsDate, a certificate for the number of shares of Common Stock Shares to which the Holder is entitled and register such shares of Common Stock on the Company's share register or to credit the Holder's balance account with DTC for such number of shares of Common Stock Shares to which the Holder is entitled upon the Holder's exercise of this Warrant, and if on or after such Business Trading Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock Shares to deliver in satisfaction of a sale by the Holder of shares of Common Stock Shares issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a "Buy-In"), then the Company shall, within three Business (3) Trading Days after the Holder's request and in the Holder's discretion, either (i) pay cash to the Holder in an amount equal to the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock Shares so purchased (the "Buy-In Price"), at which point the Company's obligation to deliver such certificate (and to issue such shares of Common StockShares) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock Shares and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common StockShares, times (B) the Closing Bid Weighted Average Price on the date of exercise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Vasogen Inc)

Company’s Failure to Timely Deliver Securities. If within three (3) Trading Days after the Company's receipt of the facsimile copy of a Exercise Notice the Company shall fail for any reason or for no reason to issue and deliver a certificate to the Holder within three Business Days of receipt of the Exercise Delivery Documents, a certificate for the number of shares of Common Stock to which the Holder is entitled and register such shares of Common Stock on the Company's share register or to credit the Holder's balance account with DTC for such the number of shares of Common Stock to which the Holder is entitled upon the Holder's exercise of this Warranthereunder, and if on or after such Business Trading Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a "Buy-In"), then the Company shall, within three (3) Business Days after the Holder's request and in the Holder's discretion, either (i) pay cash to the Holder in an amount equal to the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the "Buy-In Price"), at which point the Company's obligation to deliver such certificate (and to issue such shares of Common StockWarrant Shares) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock Warrant Shares and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock, times (B) the Closing Bid Price on the date of exercise.

Appears in 1 contract

Samples: China Bak Battery Inc

Company’s Failure to Timely Deliver Securities. If the Company shall fail for any reason or for no reason to issue to the Holder within three Business Days on or prior to the Share Delivery Date in compliance with the terms of receipt of the Exercise Delivery Documentsthis Section 1, a certificate for the number of shares of Common Stock to which the Holder is entitled and register such shares of Common Stock on the Company's share register or to credit the Holder's balance account with DTC for such number of shares of Common Stock to which the Holder is entitled upon the Holder's exercise of this Warrant, and if on or after such Business Trading Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving from the CompanyCompany (a "Buy-In"), then the Company shall, within three (3) Business Days after the Holder's request and in the Holder's discretion, either (i) pay cash to the Holder in an amount equal to the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the "Buy-In Price"), at which point the Company's obligation to deliver such certificate (and to issue such shares of Common StockWarrant Shares or credit such Holder’s balance account at DTC) shall terminate, or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common Stock Warrant Shares or credit such Xxxxxx’s balance account at DTC and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock, times (B) the Closing Bid Weighted Average Price on the date of exercise.

Appears in 1 contract

Samples: XOMA Corp

Time is Money Join Law Insider Premium to draft better contracts faster.