Examples of Beacon Warrant in a sentence
On the Closing Date, the Company shall deliver to each of the Purchasers a certificate or certificates in definitive form and registered in the name of each such Purchaser, representing its Purchased Shares and, in the case of Beacon, the Beacon Warrant against delivery by each of the Purchasers to the Company of the aggregate purchase price therefor by wire transfer of immediately available funds.
The Company has reserved an aggregate of 60,000,000 shares of Common Stock for issuance upon conversion of the Purchased Shares and 2,400,000 shares of Common Stock for issuance upon exercise of the Beacon Warrant.
The parties hereto irrevocably submit to the non-exclusive jurisdiction of any state or federal court sitting in the County of New York, in the State of New York over any suit, action or proceeding arising out of or relating to this Agreement, the other Transaction Documents, the Purchased Shares, the Beacon Warrant or the affairs of the Company.
No form of general solicitation or general advertising was used by the Company or its representatives in connection with the offer, sale or issuance of the Purchased Shares or the Beacon Warrant.
The Company shall at all times reserve and keep available out of its authorized shares of Common Stock, solely for the purpose of issue or delivery upon conversion of the Purchased Shares and exercise of the Beacon Warrant, as provided in the Certificate of Designations and the Beacon Warrant, the maximum number of shares of Common Stock that may be issuable or deliverable upon such conversion or exercise.
The amount of any payment to any Indemnified Party herewith in respect of any Loss shall be of sufficient amount to make such Indemnified Party whole for any diminution in value of the Purchased Shares or the Beacon Warrant to the extent such diminution in value is attributable to such breach.
If such Purchaser should in the future decide to dispose of any of such Purchased Shares or, in the case of Beacon, the Beacon Warrant, such Purchaser understands and agrees that it may do so only in compliance with the Securities Act and applicable state and foreign securities laws, as then in effect.
The Company shall issue such shares of Common Stock in accordance with the terms of the Certificate of Designations and the Beacon Warrant, and otherwise comply with the terms hereof and thereof.
The Company shall have duly executed and delivered to Beacon the Beacon Warrant in substantially the form attached hereto as Exhibit A, registered in the name of Beacon.
Each Stockholder hereby agrees that during the time this Agreement is in effect it will not vote any Shares in favor of the approval of any corporate action the consummation of which would frustrate the purposes, or prevent or delay the consummation, of the transactions contemplated by the Purchase Agreement, including the issuance of the Series A Preferred Stock and the Beacon Warrant.