Examples of Default Warrants in a sentence
First-to-Default Warrants or Tranche Warrants create leveraged exposure to the credit risk of Reference Entities as the investors can lose a significant part or the totality of their investment (i) in the case of Tranche Warrants even if all the Reference Entities in the Reference Portfolio have not been subject to a Credit Event and (ii) in the case of First-to- Default Warrants, as soon as only one single Reference Entity has been subject to a Credit Event.
If any Event of Default of the type described in paragraphs 4(a)(i) and 4(a)(ii) above has occurred and is continuing, the outstanding principal amount of this Note shall automatically convert into Default Warrants at the Conversion Price.
After all principal at any time owed on this Note ------------ has been paid in full or converted into Default Warrants, this Note shall be surrendered to the Company for cancellation and shall not be reissued.
Participants were also questioned with respect to what they thought of TDM-based solutions to traffic problems and what other steps and policies they would prefer to be implemented.
The Payer’s Payment Service Provider shall be liable to the Payer for the correct execution of the Payment Transaction unless it can prove to the Payer and, where relevant, to the Payee’s Payment Service Provider, that the Payee’s Payment Service Provider received the amount of the Payment Transaction.
The Company shall at all times reserve and keep available out of its authorized but unissued shares of Class C Common Stock, solely for the purpose of issuance upon the exercise of the Default Warrants, such number of shares of Class C Common Stock issuable upon the exercise of the Default Warrants.
Additional Work Programme items raised by the Committee are additional projects and areas of work that are not covered by the usual annual precept and sufficient funds will need to be identified before they can be carried out.
Upon the Event of Default, then all or any portion of the outstanding principal amount of this Note shall, without the need for any action on the part of the Company, automatically convert into warrants (the "Default Warrants") to purchase such number of shares of the Company's ---------------- Class C Common Stock (the "Class C Common Stock") as shall be equal to the -------------------- amount of unpaid principal then due to the Lender, divided by 1,000 (the "Conversion Price").
The Company shall not close its books against the transfer of Class C Common Stock issued or issuable upon exercise of the Default Warrants in any manner which interferes with the timely conversion of this Note.
The Company ---------------------- shall keep the Registration Statement "Evergreen" until payment or conversion in full of the Convertible Notes and exercise or expiration of the Default Warrants, if any, or until Rule 144(k) of the Securities Act is available to the Investors with respect to all of the Conversion Shares and Warrant Shares whichever is later.