Exercise of Outstanding Warrants Sample Clauses

Exercise of Outstanding Warrants. Paragraph 1.2 of the Agreement is modified to read in its entirety as follows:
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Exercise of Outstanding Warrants. Holder agrees to deliver to the Company $877,998 on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants. Holder agrees to deliver an additional $1,084,104.40 to the Company on or before April 16, 1997, as payment of the exercise price for its remaining Outstanding Warrants. On receipt of the first payment on or before January 31, 1997, the Company agrees to immediately provide irrevocable written instructions to its transfer agent to issue a certificate representing 140,480 shares of Common Stock be registered in the name of Ezer Mzion Organization, and to deliver such certificates to Holder. An additional 25,180 shares shall be held in reserve and issued on the timely payment of the second amount on or before April 16, 1997. On receipt of the second payment on or before April 16, 1997, the reserved shares shall be issued and an additional 204,548 shares shall be issued and delivered to Holder.
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Exercise of Outstanding Warrants. Holder delivered to the Company $877,998 on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants (the "Earlier Exercise"). Holder further agrees to deliver an additional $1,084,104.40 to the Company in ten equal payments commencing November 15, 1997, and continuing on the day that is five weeks subsequent to the preceding payment until the full amount is paid. On receipt of each payment, the Company shall issue a certificate representing the stock then being acquired, calculated at an exercise price of $5.30 per share, and a replacement warrant covering the same number of shares and having the terms set forth in paragraph 1.4 of this Agreement. On receipt of the first payment, the Company agrees to deliver certificates representing all shares previously held in reserve by the Company in connection with the Earlier Exercise to Holder and replacement warrants having the terms set forth in paragraph 1.4 for the number of shares acquired in connection with the Earlier Exercise.
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Exercise of Outstanding Warrants. Holder delivered to the Company $877,998 on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants. Holder further agrees to deliver an additional $1,084,104.40 to the Company on or before the date that is 90 days subsequent to the effective date of the Registration Statement referred to in paragraph 5.1 of this Agreement to complete the exercise of the Outstanding Warrants. On receipt of the first payment, the Company delivered certificates representing 140,480 shares of common stock registered in the name of Holder. An additional 25,180 shares are held in reserve and will be issued on timely payment of the remaining amount. On receipt of the final payment on or before 90 days subsequent to the effective date of the Registration Statement referred to paragraph 5.1 of this Agreement, the Company shall issue a total of 229,728 shares, including the 25,180 shares held in reserve, for a grand total of 370,208 shares issued to Holder on exercise of the Outstanding Warrants.
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Exercise of Outstanding Warrants. Huberfeld and Bodner each dxxxxxxed to the Company $712,002 (an aggregate of $1,424,004) on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants (the "Earlier Exercise"). Huberfeld and Bodner further agrxx xx deliver an additional $879,100.40 each (an aggregate of $1,758,200.80) to the Company in ten equal payments commencing November 15, 1997, and continuing on the day that is five weeks subsequent to the preceding payment until the full amount is paid. On receipt of each payment, the Company shall issue a certificate representing the stock then being acquired, calculated at an exercise price of $5.30 per share, and a replacement warrant covering the same number of shares and having the terms set forth in paragraph 1.4 of this Agreement. On receipt of the first payment, the Company agrees to deliver certificates representing all shares previously held in reserve by the Company in connection with the Earlier Exercise to Huberfeld and Bodner and replacexxxx xarrants having the terms set forth in paragraph 1.4 for the number of shares acquired in connection with the Earlier Exercise.
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Exercise of Outstanding Warrants. Huberfeld and Xxxxxx each agree to deliver to the Company $712,002 (an aggregate of $1,424,004) on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants. Huberfeld and Xxxxxx each agree to deliver an additional $879,100.40 (an aggregate of $1,758,200.80) to the Company on or before April 16, 1997, as payment of the exercise price for their remaining Outstanding Warrants. On receipt of the first payment on or before January 31, 1997, the Company agrees to immediately provide irrevocable written instructions to its transfer agent to issue certificates representing 227,840 shares of Common Stock, 113,920 shares to be registered in the name of Xxxxx Xxxxxxxxx and 113,920 shares to be registered in the name of Xxxxx Xxxxxx, and to deliver such certificates to Huberfeld and Xxxxxx. An additional 40,840 shares (20,420 shares each) shall be held in reserve and issued on the timely payment of the second amount on or before April 16, 1997. On receipt of the second payment on or before April 16, 1997, the reserved shares shall be issued and an additional 331,736 shares (165,868 shares each) shall be issued and delivered to Xx. Xxxxxxxxx and Xxxxxx.
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Exercise of Outstanding Warrants. Reference is made to those certain Series A, B and C American Depositary Shares Purchase Warrants (collectively, the “December Warrants”) issued pursuant to the December Purchase Agreement. On or before the 15th calendar day following the Closing Date, each Purchaser hereby agrees to cash exercise a ratable number of December Warrants with an aggregate exercise price of at least $8 million and on or before the 30th calendar day following the Closing Date, each Purchaser hereby agrees to cash exercise a ratable number of December Warrants with an additional aggregate exercise price of the lesser of (ratably) (a) the difference between $16 million and what is exercised on or before the 15th calendar day and (b) $8 million (such that, on or before such 30th calendar the Purchasers shall have exercised, in the aggregate, $16 million of the December Warrants). For purposes of clarification, in the event that a Purchaser exercises $12 million of December Warrants (or its pro-rata portion) prior to the 15th day after the Closing Date, such Purchaser shall only be required to exercise an additional $4 million of December Warrants (or its pro rata portion) prior to the 30th calendar day following the Closing Date. Notwithstanding anything to the contrary set forth in this Section 4.19, the Purchasers shall not be required to exercise the December Warrants pursuant to this Section 4.19 if at any time during such 30 day period unless (1) the Company shall have honored in accordance with the terms of the December Warrants all Notices of Exercise delivered to the Company, (2) the registration statement registering the ADSs underlying the December Warrants (“December Warrant Shares”) shall be effective as to all December Warrant Shares and the prospectus thereunder available for use by the Holder for the resale of all such December Warrant Shares, (3) the ADSs shall be listed or quoted for trading on the Trading Market, (4) there is a sufficient number of authorized shares of Ordinary Shares for issuance of all December Warrant Shares and (5) the issuance of all Warrant Shares exercised hereunder shall not cause a breach of any provision of Section 2(e) of the December Warrant. The Company’s right to call the December Warrants under this Section 4.19 shall be exercised ratably among the holders of December Warrants based on each holder’s initial purchase of December Warrants.
Sample 1
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Exercise of Outstanding Warrants. Lerner delivered xx xxx Company $889,393 on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants. Lerner furthxx xxxees to deliver an additional $1,098,107 to the Company on or before the date that is 90 days subsequent to the effective date of the Registration Statement referred to in paragraph 5.1 of this Agreement to complete the exercise of the Outstanding Warrants. On receipt of the first payment, the Company delivered certificates representing 142,303 shares of common stock registered in the name of Lerner. An additxxxxx 25,507 shares are held in reserve and will be issued on timely payment of the remaining amount. On receipt of the final payment on or before 90 days subsequent to the effective date of the Registration Statement referred to paragraph 5.1 of this Agreement, the Company shall issue a total of 232,697 shares, including the 25,507 shares held in reserves, for a grand total of 375,000 shares issued to Lerner on exercisx xx xhe Outstanding Warrants.
Sample 1
Exercise of Outstanding Warrants. Huberfeld and Bodner each xxxxxxred to the Company $712,002 (an aggregate of $1,424,004) on or before January 31, 1997, as payment of the exercise price of a portion of the Outstanding Warrants. Huberfeld and Bodner further agxxx xx deliver an additional $899,100.40 each (an aggregate of $1,798,200.80) to the Company on or before the date that is 90 days subsequent to the effective date of the Registration Statement referred to in paragraph 5.1 of this Agreement to complete the exercise of the Outstanding Warrants. On receipt of the first payment, the Company delivered certificates representing 227,840 shares of common stock, 113,920 shares registered in the name of Laura Huberfeld axx 000,000 xxxxes registered in the name of Naomi Bodner. An xxxxxxxxxx 40,840 shares (20,420 shares each) are held in reserve and will be issued on timely payment of the remaining amount. On receipt of the final payment on or before 90 days subsequent to the effective date of the Registration Statement referred to paragraph 5.1 of this Agreement, the Company shall issue a total of 372,576 shares (186,288 shares each), including the 40,840 shares (20,420 shares each), for a grand total of 600,416 shares (300,208 shares each) issued to Huberfeld and Bodner on exxxxxxx of the Outstanding Warrants.
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Related to Exercise of Outstanding Warrants

  • Outstanding Warrants The Warrants outstanding at any time are all Warrants evidenced on all Warrant Certificates authenticated by the Warrant Agent except for those canceled by it and those delivered to it for cancellation. A Warrant ceases to be outstanding if the Company or an Affiliate of the Company holds the Warrant. If a Warrant Certificate is replaced pursuant to Section 2.06, the Warrants evidenced thereby cease to be outstanding unless the Warrant Agent and the Company receive proof satisfactory to them that the replaced Warrant Certificate is held by a bona fide purchaser.

  • Outstanding Warrants Only The Company understands that the redemption rights provided for by this Section 6 apply only to outstanding Warrants. To the extent a person holds rights to purchase Warrants, such purchase rights shall not be extinguished by redemption. However, once such purchase rights are exercised, the Company may redeem the Warrants issued upon such exercise provided that the criteria for redemption is met. The provisions of this Section 6.4 may not be modified, amended or deleted without the prior written consent of EBC.

  • Partial Exercise of Warrants; Fractions (1) The holder of any Warrants may exercise his right to acquire a number of whole Common Shares less than the aggregate number which the holder is entitled to acquire. In the event of any exercise of a number of Warrants less than the number which the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to receive, without charge therefor, a new Warrant Certificate(s), bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then exercised.

  • Warrant Price Duration and Exercise of Warrants Section 2.1 WARRANT PRICE.* During the period from ____________, ____ through and including ____________, ____, each Warrant shall entitle the Holder thereof, subject to the provisions of this Agreement, to purchase from the Company the principal amount of Warrant Debt Securities stated in the Warrant Certificate at the exercise price of % of the principal amount thereof [plus accrued amortization, if any, of the original issue discount of the Warrant Debt Securities] [plus accrued interest, if any, from the most recent date from which interest shall have been paid on the Warrant Debt Securities or, if no interest shall have been paid on the Warrant Debt Securities, from __________, ____]. [In each case, the original issue discount ($ for each $1,000 principal amount of Warrant Debt Securities) will be amortized at a % annual rate, computed on a[n] [semi-]annual basis [using a 360-day year consisting of twelve 30-day months].] Such exercise price of each Warrant is referred to in this Agreement as the "Exercise Price."

  • Availability of Shares of Preferred Stock (a) The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued shares of Preferred Stock or any shares of Preferred Stock held in its treasury, the number of shares of Preferred Stock that will be sufficient to permit the exercise in full of all outstanding Rights.

  • OVERALL LIMIT ON COMMON STOCK ISSUABLE Notwithstanding anything contained herein to the contrary, if during the Open Period the Company becomes listed on an exchange that limits the number of shares of Common Stock that may be issued without shareholder approval, then the number of Shares issuable by the Company and purchasable by the Investor, shall not exceed that number of the shares of Common Stock that may be issuable without shareholder approval (the "Maximum Common Stock Issuance"). If such issuance of shares of Common Stock could cause a delisting on the Principal Market, then the Maximum Common Stock Issuance shall first be approved by the Company's shareholders in accordance with applicable law and the By-laws and Amended and Restated Certificate of Incorporation of the Company, if such issuance of shares of Common Stock could cause a delisting on the Principal Market. The parties understand and agree that the Company's failure to seek or obtain such shareholder approval shall in no way adversely affect the validity and due authorization of the issuance and sale of Securities or the Investor's obligation in accordance with the terms and conditions hereof to purchase a number of Shares in the aggregate up to the Maximum Common Stock Issuance limitation, and that such approval pertains only to the applicability of the Maximum Common Stock Issuance limitation provided in this Section 2(H).

  • Availability of Preferred Shares The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued Preferred Shares or any Preferred Shares held in its treasury, the number of Preferred Shares that will be sufficient to permit the exercise in full of all outstanding Rights in accordance with Section 7. The Company covenants and agrees that it will take all such action as may be necessary to ensure that all Preferred Shares delivered upon exercise of Rights shall, at the time of delivery of the certificates for such Preferred Shares (subject to payment of the Purchase Price), be duly and validly authorized and issued and fully paid and nonassessable shares. The Company further covenants and agrees that it will pay when due and payable any and all federal and state transfer taxes and charges which may be payable in respect of the issuance or delivery of the Right Certificates or of any Preferred Shares upon the exercise of Rights. The Company shall not, however, be required to pay any transfer tax which may be payable in respect of any transfer or delivery of Right Certificates to a person other than, or the issuance or delivery of certificates or depositary receipts for the Preferred Shares in a name other than that of, the registered holder of the Right Certificate evidencing Rights surrendered for exercise or to issue or to deliver any certificates or depositary receipts for Preferred Shares upon the exercise of any Rights until any such tax shall have been paid (any such tax being payable by the holder of such Right Certificate at the time of surrender) or until it has been established to the Company's reasonable satisfaction that no such tax is due.

  • Reservation of Stock, Etc., Issuable on Exercise of Warrant The Company will at all times reserve and keep available, solely for issuance and delivery on the exercise of this Warrant, shares of Common Stock (or Other Securities) from time to time issuable on the exercise of this Warrant.

  • Number of Shares Issuable upon Exercise From and after the Issue Date through and including the Expiration Date, the Holder hereof shall be entitled to receive, upon exercise of this Warrant in whole in accordance with the terms of subsection 1.2 or upon exercise of this Warrant in part in accordance with subsection 1.3, shares of Common Stock of the Company, subject to adjustment pursuant to Section 4.

  • Exercise of Warrants (a) During the period specified in Section 2.2, the Warrants may be exercised to purchase a whole number of Warrant Securities in registered form by providing certain information as set forth on the reverse side of the Warrant Certificate and by paying in full, in lawful money of the United States of America, [in cash or by certified check or official bank check in New York Clearing House funds] [by bank wire transfer in immediately available funds] the Warrant Price for each Warrant Security with respect to which a Warrant is being exercised to the Warrant Agent at its corporate trust office, provided that such exercise is subject to receipt within five business days of such payment by the Warrant Agent of the Warrant Certificate with the form of election to purchase Warrant Securities set forth on the reverse side of the Warrant Certificate properly completed and duly executed. The date on which payment in full of the Warrant Price is received by the Warrant Agent shall, subject to receipt of the Warrant Certificate as aforesaid, be deemed to be the date on which the Warrant is exercised; provided, however, that if, at the date of receipt of such Warrant Certificates and payment in full of the Warrant Price, the transfer books for the Warrant Securities purchasable upon the exercise of such Warrants shall be closed, no such receipt of such Warrant Certificates and no such payment of such Warrant Price shall be effective to constitute the person so designated to be named as the holder of record of such Warrant Securities on such date, but shall be effective to constitute such person as the holder of record of such Warrant Securities for all purposes at the opening of business on the next succeeding day on which the transfer books for the Warrant Securities purchasable upon the exercise of such Warrants shall be opened, and the certificates for the Warrant Securities in respect of which such Warrants are then exercised shall be issuable as of the date on such next succeeding day on which the transfer books shall next be opened, and until such date the Company shall be under no duty to deliver any certificate for such Warrant Securities. The Warrant Agent shall deposit all funds received by it in payment of the Warrant Price in an account of the Company maintained with it and shall advise the Company by telephone at the end of each day on which a payment for the exercise of Warrants is received of the amount so deposited to its account. The Warrant Agent shall promptly confirm such telephone advice to the Company in writing.

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