Examples of Loan Warrant in a sentence
Each Loan Warrant has been issued under the same terms and conditions as the warrants, but with an exercise price of C$0.2065, representing the 20-day VWAP of the Common Shares trading on the CSE at the time of issuance.
In the event that the Warrant is a Placement Warrant or Loan Warrant that is to be exercised on a “cashless” basis pursuant to subsection 3.3.1(c) of the Warrant Agreement, the number of Class A ordinary shares that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) of the Warrant Agreement.
If the Note is converted in full into Common Stock as provided herein, it will be deemed to be payment in full for all purposes of this Agreement and the other Loan Documents (except the Bridge Loan Warrant), or if the Note is converted in part into Common Stock as provided herein, it will be deemed to be payment under this Agreement and the other Loan Documents (except the Bridge Loan Warrant) up to the amount of the Note so converted.
The Bridge Loan Warrant is duly authorized and, upon issuance in accordance with the terms of this Agreement, will be validly issued, fully paid and nonassessable, and will be free of Liens, claims, encumbrances and restrictions on transfer, other than restrictions on transfer under applicable state and federal securities laws or as set forth therein.
The Term Loan Warrant is presented within the Other liabilities line item of the balance sheet.
The Term Loan Warrant would terminate upon the earlier of December 4, 2027, or immediately prior to the occurrence of a liquidation event, which includes a SPAC transaction.
However, that may well satisfy the public in terms of access to the most popular recording artists.As the sales of physical products such as CDs decline the record companies have become even more willing to license their recordings to internet services.
Notwithstanding any other condition of the Senior Loan Warrant Grant, the Company will not be obligated to issue the warrants to RESIC if both Thomas Emmons and Edward Levin are no longer employed by Pegasus Capital Advisors, L.P., or an affiliate.
Once a Private Warrant, Extension Loan Warrant or Working Capital Warrant is transferred to a holder other than an Permitted Transferee, it shall be treated as a Public Warrant hereunder for all purposes.
As part of the agreement, the Company agrees to issue to RESIC warrants to purchase 2 million common shares of the Company, at a strike price equal to $1.00, exercisable at any time within five years from the date hereof, subject to the following conditions (collectively, the "Senior Loan Warrant Grant").