CVC Warrant definition
Examples of CVC Warrant in a sentence
For the avoidance of doubt, CVC’s Purchase Price shall be paid pursuant to the terms and conditions of the CVC Warrant.
The Warrantors hereby agree and covenant that CVC shall have the right to exercise its rights under the CVC Warrant pursuant to the terms thereof, and that upon the exercise of its rights under the CVC Warrant, the terms and conditions extended to CVC shall be the same to that of any other Series F Investor, including without limitation, the right of registration, in proportion to their respective shareholding percentages in the Company.
The Parties hereby acknowledge and undertake that all the Parties shall use their best effort to cooperate with CVC to exercise the CVC Warrant and complete ODI Filings with the competent MOFCOM, the competent counterpart of NDRC, and SAFE in connection with its investment in the Company as contemplated under the Transaction Documents in accordance with the terms of such Transaction Documents.
Subject to the terms and conditions of this Agreement, the Company shall, at the Closing, issue to CVC a warrant in form and substance as attached hereto as Exhibit F (the “CVC Warrant”), under which CVC is entitled to, within the exercise period thereof, exercise the CVC Warrant in whole and pay the exercise price in an amount equal to the Purchase Price as set forth opposite CVC’s name in the column of “Purchase Price” in Schedule III attached hereto to subscribe for 11,799,685 Series F Preferred Shares.
The Warrantors hereby covenant that at all times there shall be made available, free of any liens, for issuance and allotment upon conversion of the CVC Warrant and the Purchased Shares such number of Ordinary Shares or other shares of share capital of the Company as are from time to time issuable upon conversion of the CVC Warrant and the Purchased Shares.