Conditional Warrants Sample Clauses

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Conditional Warrants. The Conditional Warrants -------------------- will be exercisable during the period commencing September 1, 1998, and ending on the fifth (5th) anniversary of issuance, unless, by 5:00 PM, Boston time, on August 31, 1998, either (a) all Obligations of the Borrowers to the Lenders shall have been paid in full, in which case the Conditional Warrants shall expire, or (b) the Borrowers have delivered an acceptable commitment letter, subject only to documentation and no further contingencies of any kind, from a financial institution acceptable to the Lenders, contemplating a full refinance of the existing obligations which contemplates a closing within thirty (30) days, in which case the Conditional Warrant exercise start date shall be extended to September 30, 1998; provided, however, if all -------- ------- Obligations of the Borrowers to the Lenders have been paid in full on or before such extended start date, the Conditional Warrants shall expire upon such payment.
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Conditional Warrants. At Closing, BSI will issue and sell to each Holder (in addition to the Stock Purchase Warrants), a Conditional Stock Purchase Warrant (collectively the "Conditional Warrants") to acquire Shares. Such Conditional Warrants shall be exercisable only upon certain conditions described therein. The Conditional Warrants shall entitle Holders to acquire, in the circumstances where such Warrants become exercisable, between Four Thousand (4,000) and Twenty Thousand (20,000) shares in the aggregate. The aggregate purchase price for the Conditional Warrants shall be One Hundred Dollars ($100), which Holders shall pay to BSI at Closing. The exercise price for the Conditional Warrants shall be Thirty Dollars ($30) per share, with such price being subject to certain anti-dilution reduction as provided in such Conditional Warrants.
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Conditional Warrants. If Borrower achieves the Interest-Only Extension I Milestone, Borrower shall immediately issue Warrants to Purchase Stock in favor of each Lender or such Lender’s Affiliates, in substantially the forms of Annex I and Annex II attached hereto.
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Conditional Warrants. The Company and the Holder acknowledge that the Company has issued 1,000,000 three-year Common Stock Class A Purchase Warrants (the "Class A Warrants") and 1,000,000 three-year Common Stock Class B Purchase Warrants (the "Class B Warrants") to other third parties simultaneously with the execution and delivery of this Warrant to the Holder hereof. The Company hereby grants to Holder the following rights: (a) the right to purchase, at the initial exercise price of $.75 per share (subject to adjustments as provided in Section 5 hereof), at any time from _______________, 1997 until 5:00 P.M. New York City time on _________________, 2000 (being the date which is three years after the issue date of this Warrant), up to an additional 100,000 shares of the Company's Common Stock, such number of Conditional Warrants to be equal to 10% of the Class A Warrants that are actually exercised from time to time; and (b) the right to purchase, at the initial exercise price of $1.00 per share (subject to adjustments as provided in Section 5 hereof), at any time from _____________, 1997 until 5:00 P.M. New York City time on _________, 2000 (being the date which is three years after the issue date of this Warrant), up to an additional 100,000 shares of the Company's Common Stock, such number of Conditional Warrants to be equal to 10% of the Class B Warrants that are actually exercised from time to time.
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Related to Conditional Warrants

  • Additional Warrants The Company may at any time and from time to time issue additional warrants or grant options or similar rights to purchase shares of its capital stock.

  • Fractional Warrants The Warrant Agent shall not be required to effect any registration of transfer or exchange which shall result in the issuance of a warrant certificate or book-entry position for a fraction of a warrant, except as part of the Units.

  • Fractional Warrants and Fractional Shares (a) If the number of shares of Common Stock purchasable upon the exercise of each Warrant is adjusted pursuant to Section 9 hereof, the Company nevertheless shall not be required to issue fractions of shares, upon exercise of the Warrants or otherwise, or to distribute certificates that evidence fractional shares. With respect to any fraction of a share called for upon the exercise of any Warrant, the Company shall pay to the Holder an amount in cash equal to such fraction multiplied by the current market value of such fractional share, determined as follows: (1) If the Common Stock is listed on a national securities exchange or admitted to unlisted trading privileges on such exchange or is traded on the Nasdaq National Market, the current market value shall be the last reported sale price of the Common Stock on such exchange or market on the last business day prior to the date of exercise of this Warrant or if no such sale is made on such day, the average of the closing bid and asked prices for such day on such exchange or market; or (2) If the Common Stock is not listed or admitted to unlisted trading privileges on a national securities exchange or is not traded on the Nasdaq National Market, the current market value shall be the mean of the last reported bid and asked prices reported by the Nasdaq SmallCap Market or, if not traded thereon, by the National Quotation Bureau, Inc. on the last business day prior to the date of the exercise of this Warrant; or (3) If the Common Stock is not so listed or admitted to unlisted trading privileges and bid and asked prices are not so reported, the current market value shall be an amount determined in such reasonable manner as may be prescribed by the Board of Directors of the Company.

  • Fractional Warrant Shares The Company shall not be required to issue fractional Warrant Shares on the exercise of Warrants. If more than one Warrant shall be exercised in full at the same time by the same Holder, the number of full Warrant Shares which shall be issuable upon such exercise shall be computed on the basis of the aggregate number of Warrant Shares which may be purchasable pursuant thereto. If any fraction of a Warrant Share would, except for the provisions of this Section 3.06, be issuable upon the exercise of any Warrant (or specified portion thereof), the Company shall pay an amount in cash equal to the Current Market Value per Warrant Share, as determined on the day immediately preceding the date the Warrant is presented for exercise, multiplied by such fraction, computed to the nearest whole cent.

  • Restrictive Legends; Fractional Warrants In the event that a Warrant Certificate surrendered for transfer bears a restrictive legend, the Warrant Agent shall not register that transfer until the Warrant Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether the Warrants must also bear a restrictive legend upon that transfer. The Warrant Agent shall not be required to effect any registration of transfer or exchange which will result in the transfer of or delivery of a Warrant Certificate for a fraction of a Warrant.