Exercise Consideration definition
Examples of Exercise Consideration in a sentence
For the avoidance of doubt, if the Valuation Price does not exceed the Strike Price on the Exercise Date, the Exercise Consideration (whether the Cash Settlement Amount or Net-Share Settlement Amount) will be zero, subject to the final paragraph of this Section 5(c)(ii).
Except as provided in Sections 5(d)(i)(3)(B), 5(d)(i)(5) and 5(h)(i)(B), the Company will pay or deliver, as applicable, the Exercise Consideration due upon Exercise of any Warrant on or before the second (2nd) Business Day immediately after the Exercise Date for such Exercise.
The Company will pay all cash amounts due on any Warrant of any Holder by wire transfer of immediately available funds to the account of such Holder within the United States specified in a written request of such Holder delivered to the Company no later than the Close of Business on the date that is five (5) Business Days immediately before the date such payment is due (or, with respect to any cash Exercise Consideration due to settle an Exercise of such Warrant, specified in the related Exercise Notice).
For the avoidance of doubt, neither the Strike Price nor the number of Underlying Shares applicable to the Exercise of any Warrant will be adjusted on account of the inclusion of any Make-Whole Fundamental Change Shares in the Exercise Consideration for such Exercise pursuant to this Section 5(g).
The Warrants will be Exercisable for Exercise Consideration in the manner, and subject to the terms, set forth in Section 5 of the Warrant Agreement.