Default Warrants definition

Default Warrants shall have the meaning set forth in Section 14(j).
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Default Warrants means Common Stock Purchase Warrants, substantially in the form of Exhibit D-2 issuable to the Purchasers upon the occurrence of an Event of Default under the Note.
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Default Warrants means the five (5) year warrants to purchase 870,000 shares of Common Stock of HYDRO Corp, to be issued to each of the Lenders by the Guarantor having a per share exercise price equal to $0.01 per share, solely after the occurrence and existence of an Event of Default that remains either uncured or not waived by the Lenders within the applicable cure period, in the form annexed hereto as Exhibit B. (b) Exhibit B to the Loan Agreement is hereby amended and restated as Exhibit B attached to this Amendment. (c) After Section 11.1 (d), the following shall be added:
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Examples of Default Warrants in a sentence

  • If the Company does not issue the Default Warrants to the Holders as set forth above, the Company will pay any Holder's reasonable costs of any action in a court of law to cause compliance with this Section 4(e), including reasonable attorneys' fees, in addition to the Default Warrants.

  • If the Company does not issue the Default Warrants to the Holders as set forth above, the Company will pay any Holder’s reasonable costs of any action in a court of law to cause compliance with this Section 4(e), including reasonable attorneys’ fees, in addition to the Default Warrants.

  • If the Company does not issue the Default Warrants to the Holders as set forth above, the Company will pay any Holder's reasonable costs of any action in a court of law to cause compliance with this Section 5(f), including reasonable attorneys' fees, in addition to the Default Warrants.

  • In the event of any conflict between the provisions of this Agreement and the Securities Exchange Agreement, the Convertible Notes and the Default Warrants, the terms of the Securities Exchange Agreement shall control.

  • The Default Warrants shall be in the form of Exhibit A hereto and shall be governed by this Warrant Agreement.

  • If the Company does not issue the Default Warrants to the Holders as set forth above, the Company will pay any Holder's reasonable costs of any action in a court of law to cause compliance with this Section 3(e), including reasonable attorneys' fees, in addition to the Default Warrants.

  • This Agreement, the Securities Exchange Agreement and related documents including the Convertible Notes and the Default Warrants, supersede all prior agreements and understandings among the parties hereto with respect to the subject matter hereof and thereof.

  • 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.

  • If the Company does not issue the Default Warrants to the Holders as set forth above, the Company will pay any Holder’s reasonable costs of any action in a court of law to cause compliance with this Section 4(f), including reasonable attorneys’ fees, in addition to the Default Warrants.

  • The Default Warrants will only become exercisable if Borrower fails to make a required principal payment (at maturity, upon acceleration, or otherwise) of the Advances hereunder after the expiration of any applicable notice and grace period.


More Definitions of Default Warrants

Default Warrants means the warrant certificates covering the purchase of Stock Units, each in the form of Annex 3 to this Agreement, originally issued by the Company pursuant to SECTION 2 hereof, and all Default Warrants issued upon transfer, division or combination of, or in substitution for, any thereof.
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Default Warrants. As defined in Recital C of this Agreement.
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Default Warrants means the five (5) year warrants to purchase 1,000,000 shares of Common Stock of HYDRO Corp, issued to each of the Lenders having a per share exercise price equal to $0.01 per share, issuable solely after the occurrence and existence of an Event of Default that remains uncured for a period of fifteen (15) days, in the form annexed hereto as Exhibit B.
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Related to Default Warrants

  • SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at Closing in accordance with Section 2.2(a) hereof, which Series B Warrants shall be exercisable immediately and have a term of exercise equal to 18 months, in the form of Exhibit D attached hereto.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants to be delivered to the Purchasers at the Closing in accordance with Section 2.2 hereof, which Series C Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years from the initial exercise date, in the form of Exhibit A attached hereto.

  • Series D Warrants means, collectively, the Series D Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which shall be exercisable [on and after the Stockholder Approval Date]2 and have a term of exercise equal to eighteen (18) months after the initial exercise date, in the form of Exhibit B-2 attached hereto.

  • Existing Warrants means the presently outstanding Common Stock Purchase Warrants (1971 Warrants and Series B Warrants) previously issued by the Borrower.