Examples of Contingent Warrants in a sentence
Assignee hereby acknowledges that PharmaKinetics is relying on the representations and warranties made by Assignee in Section 3 of this Assignment Agreement in connection with the representation made by PharmaKinetics in the Purchase Agreement that it has complied with all applicable federal and state securities laws, including the Securities Act, in connection with the offer, issuance and sale of Shares, Warrants, and Contingent Warrants.
The issuance of the Securities has been duly authorized, and upon receipt and acceptance of consideration from the Investor, the Shares and the Warrants when issued (and, if issued, Contingent Warrants) will be legally and validly issued, fully paid and non-assessable, free and clear of all liens, charges and encumbrances, and the Shares will have the rights, preferences and privileges described in the Certificate of Designation.
The Corporation hereby confirms its obligations under Section 16 of the Purchase Agreement with respect to the payment of expenses, fees and other amounts thereunder in connection with this Amendment No. 1, the Contingent Warrants and the Class A Common Shares issued pursuant to exercise of the Contingent Warrants.
Upon the exercise of less than all of the Contingent Warrants to purchase the shares of the Common Stock evidenced by this Contingent Warrant Certificate, there shall be issued to the Registered Holder a new Contingent Warrant Certificate in respect of the Contingent Warrants not exercised.
The Contingent Warrants shall be issued to the Purchasers pro rata based upon the number of Shares held by each Purchaser or the number of Shares that each Purchaser would have acquired but for the failure of the Company to consummate the transactions contemplated by this Agreement, as the case may be.