Examples of IPO Warrant Shares in a sentence
The IPO Warrant Shares to be issued by the Company upon exercise of the IPO Warrants have been duly authorized and, when issued in accordance with the applicable governing documents against payment in full therefor, will be legally issued, fully paid and nonassessable.
The IPO Warrant Shares have been duly authorized by all necessary corporate action of the Company, and, upon (i) the due issuance by the Company and registration by its registrar of the IPO Warrant Shares, and (ii) delivery and payment therefor upon exercise of the IPO Warrants, in each case, in accordance with the terms of the IPO Warrants, the IPO Warrant Shares will be validly issued, fully paid and non-assessable.
If the Exercise Event is an IPO Event, the Holder will also receive a warrant to purchase, at an exercise price per IPO Warrant Share equal to the US dollar price per Common Share being offered in the IPO, a number of IPO Warrant Shares equal to the number of Warrant Shares issued to the Holder upon exercise of this Warrant as set forth herein, substantially in the form set out in Schedule "A" (the "IPO WARRANT").
The IPO Warrant Shares, the UPO Warrant Shares and the Private Placement Warrant Shareswhen issued and delivered upon exercise of such warrants in the manner and for the consideration stated in the Warrant Indenture, will be duly authorized, legally issued, fully paid and non-assessable.
For purposes of this Agreement and the Warrants, the termination date of the exercisability of Financing Warrant Shares is the Financing Share Termination Date and the termination date of the exercisability of IPO Warrant Shares is the IPO Share Termination Date (each, an “Applicable Termination Date”).
There are no rights of first refusal or pre-emptive rights, or other rights restricting the issuance of securities of the Corporation, pursuant to the Shareholders Agreement or otherwise, that have not either been complied with or duly and validly waived with respect to the issuance of the Warrants, the IPO Warrants and the IPO Warrant Shares prior to the Closing Date.
The IPO Warrant Shares have been duly authorized by the Company and when issued and paid for in accordance with the terms and conditions of the Warrant Agreement, such IPO Warrant Shares will be validly issued, fully paid and nonassessable.