Exercise Proceeds definition

Exercise Proceeds means the shares or other securities or property that a Warrantholder has the right to acquire on the exercise of Warrants, subject to adjustment from time to time as provided in and otherwise in accordance with the provisions of Article 4;

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Exercise Proceeds shall have the meaning set forth in Section 4.29(b) hereof.

Exercise Proceeds. Assuming an exercise price of S$0.10, the gross proceeds from the full exercise of the Warrants will be S$3,500,000. Within five (5) Business Days after the listing and quotation notice in relation to the issuance of the Warrants is received, the Company shall issue and deliver the Warrants to the Investor or to the Investor’s order, provided that, if the Warrants are not issued and delivered by the Company to the Investor within forty‐five (45) days after the date hereof (the “Warrants Delivery Date”), the Company shall pay to the Investor an amount equal to the greater of (i) the Black Scholes Value of the Warrants as calculated on the Warrants Delivery Date (assuming all of the Warrants had been delivered on such date) or (ii) eight hundred thirty‐eight thousand United States Dollars (US$838,000) (the "Warrants Fee"). If the Warrants Fee becomes payable, upon receipt of the Warrants Fee in full by the Investor, the Company will no longer be required to issue the Warrants. The Exercise Price represents a premium of 113.68% to the weighted average price of S$0.0468 per Share, for trades done on the SGX‐ST on 20 March 2017 (being the full market day on which the Agreement is signed).

Examples of Exercise Proceeds in a sentence

• If the aggregate Exercise Price, as of such consummation date, is less than the aggregate value of the Exercise Proceeds, then the Warrantholder shall be entitled to exercise this Warrant in connection with such Corporate Event and shall automatically receive upon the consummation of such Corporate Event, in lieu of the Warrant Shares, the Exercise Proceeds, and this Warrant shall automatically terminate in connection therewith.

• If the aggregate Exercise Price, as of such consummation date, is less than the aggregate value of the Exercise Proceeds, then the Warrantholder shall be entitled to exercise this Warrant in connection with such Corporate Event and shall automatically receive upon the consummation of such Corporate Event, in lieu of the Warrant Shares, the Exercise Proceeds.

• Within three days of the receipt of the Exercise Proceeds and Notice of Exercise, the Company will deliver the shares issuable upon the exercise of the Original Warrant to the Investor per the instructions set forth in the Notice of Exercise.

• The Exercise Price Per Warrant and number of Common Shares or, after adjustment, the number or amount of other Exercise Proceeds to be acquired by a Warrantholder on exercise of a Warrant, is subject to adjustment from time to time upon the occurrence of the events and in the manner provided for in this Article 4.

• Upon the receipt of the Notice of Exercise and Exercise Proceeds, the Original Warrant will be automatically cancelled.

• Notwithstanding the foregoing, an expense of the Company not expressly listed above may be paid utilizing the Exercise Proceeds if and only if the Company has obtained the prior written consent of the Parent’s Chief Financial Officer to the payment of the specific expense requested to be paid from the Exercise Proceeds, which consent may be withheld in Parent’s or its Chief Financial Officer’s sole discretion.

• Further, the total of all said expenses shall not exceed the Exercise Proceeds.

• Additionally, in the event that an Investor exercises some or all of its Warrants for cash (“Exercise Proceeds”), then the Company shall direct all such Exercise Proceeds to the repayment of the Note.

• Each whole Warrant issued hereunder shall entitle the Holder thereof to purchase one Common Share (or such Exercise Proceeds as the Corporation may be required to issue or convey pursuant to the adjustments referred to in Article 4), representing in aggregate approximately 6.49% of the Fully-Diluted Shares at the date hereof, at a price per Common Share equal to the Exercise Price Per Warrant.

• Within two Business Days of the Exercise Date, the Corporation shall deliver to the person in whose name the Common Shares so subscribed for are to be issued share certificates (or, in the case of other Exercise Proceeds, other evidences of entitlement) for the appropriate number of Common Shares to which the Warrantholder is entitled.

More Definitions of Exercise Proceeds

Exercise Proceeds means the cash proceeds received by the Company at or prior to the Effective Time (but after the date of this Agreement) in consideration for the exercise of any Company Options or Company Warrants, which exercises and proceeds received shall be set forth on a schedule that sets forth, by holder, the number of Company Options and Company Warrants exercised by such holder prior to the Effective Time (but after the date of this Agreement) and whether such Company Options and Company Warrants were exercised on a cash basis or on a cashless basis, and such schedule shall be delivered to Parent two (2) Business Days prior to the Effective Time and shall be updated immediately prior to the Effective Time.

Exercise Proceeds means the cash proceeds received by the Company at or prior to the Effective Time (but after the date of this Agreement) in consideration for the exercise of any Company Options or Company Warrants, which exercises and proceeds received shall be set forth on a schedule delivered to Parent two (2) Business Days prior to the Effective Time and shall be updated immediately prior to the Effective Time.