Exit Warrants definition

Exit Warrants means warrants for 1,000,000 shares of New Common Stock, such amount equal to 10% of the fully diluted outstanding shares of New Common Stock of Parent as of the Effective Date.
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Exit Warrants means those warrants that have been or will be issued pursuant to the Reorganization Plan to certain shareholders of the Borrower and certain holders of warrants issued by the Borrower;
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Exit Warrants shall require the prior written consent of the Requisite Backstop Parties and the Specified Backstop Parties whose aggregate Exit Term Loan Cap Amount is more than 50.0% of the aggregate Exit Term Loan Cap Amount for all Specified Backstop Parties, (f) any amendment or modification to the definition of “Priority Backstop Party” shall require the prior written consent of each Priority Backstop Party adversely affected thereby, and (g) any amendment, modification or waiver to this Agreement that would adversely affect any of the rights or obligations (as applicable) of any Backstop Party set forth in this Agreement in a manner that is different or disproportionate in any material respect from the effect on the comparable rights or obligations (as applicable) of the Requisite Backstop Parties set forth in this Agreement (other than in proportion to the amount of the Backstop Commitments held by each of the Backstop Parties) shall also require the written consent of such affected Backstop Party (it being understood that in determining whether consent of any Backstop Party is required pursuant to this clause (g), no personal circumstances of such Backstop Party shall be considered). No delay on the part of any party in exercising any right, power or privilege pursuant to this Agreement will operate as a waiver thereof, nor will any waiver on the part of any party of any right, power or privilege pursuant to this Agreement, or any single or partial exercise of any right, power or privilege pursuant to this Agreement, preclude any other or further exercise thereof or the exercise of any other right, power or privilege pursuant to this Agreement. The rights and remedies provided pursuant to this Agreement are cumulative and are not exclusive of any rights or remedies which any party otherwise may have at Law or in equity.
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Examples of Exit Warrants in a sentence

  • Schedule 3 Terms of the Exit Warrants Item Proposed Terms Issuer Reorganized HCC Expiry Date Three years following the Plan Effective Date Strike Price A price per share of Reorganized HCC Common Stock based on the price described in the Term Sheet.

  • Any reference to the term “Rights Offering Securities”, “Backstop Securities”, “Backstop Base Commitment Securities”, “Backstop Priority Commitment Securities”, “Put Option Securities” or “Default Securities” used in this Agreement shall be deemed to include Exit Term Loans and/or Exit Warrants to the extent any Specified Backstop Party makes an Exit Term Loan Election and such inclusion is applicable.


More Definitions of Exit Warrants

Exit Warrants means warrants to purchase shares of New Common Stock that are issued by UP Energy in connection with any Exit Term Loans, as described on Exhibit B hereto.
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Exit Warrants means the warrants described in Schedule 3 to the Term Sheet.
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Related to Exit Warrants

  • Parent Warrants shall have the meaning assigned to it in Section 1.7(c) hereof.

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

  • SPAC Warrants means the SPAC Public Warrants and the SPAC Private Placement Warrants.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

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

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 9 months, in the form of Exhibit A attached hereto.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Placement Warrants shall have the meaning given in the Recitals hereto.

  • New Warrants means those certain warrants to purchase New Valaris Equity on the terms set forth in the New Warrant Agreement.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Private Placement Warrants shall have the meaning given in the Recitals hereto.

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

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

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

  • Parent Warrant means each Parent Private Warrant and Parent Public Warrant.

  • Initial Warrants means the warrants of the Company to purchase shares of Common Stock underlying the Initial Units issued and outstanding prior to the IPO.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Private Warrants means the Warrants the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

  • Company Convertible Securities means, collectively, any options, warrants or rights to subscribe for or purchase any capital stock of the Company or securities convertible into or exchangeable for, or that otherwise confer on the holder any right to acquire any capital stock of the Company.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Series B Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series B, of the Company.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date.

  • Commitment Shares shall have the meaning set forth in Section 12.04.