Loan Increase Warrant definition

Loan Increase Warrant means a warrant in favor of Lender or its designee for the purchase of 4,500,000 shares of Common Stock of Borrower at a price equal to the Warrant Price and substantially in the form of Exhibit C attached hereto to be issued to Lender upon the successful completion of Due Diligence and the resulting increase in the Loan Commitment to $10,000,000 in the aggregate.

Examples of Loan Increase Warrant in a sentence

  • If the Second Note has been executed by Borrower in accordance with Section 2.1, then Borrower shall have issued and delivered the Loan Increase Warrant to Lender.

Related to Loan Increase Warrant