Examples of Preferred Warrant Shares in a sentence
The Company shall pay all Transfer Agent fees required for processing of any Notice of Exercise and all fees to DTC (or another established clearing corporation performing similar functions) required for electronic delivery of the Preferred Warrant Shares.
The Company and the Holder acknowledge and agree that (i) comparable adjustments in the PW Exercise Price for the events and matters described below are to be addressed by the terms of the Certificate of Designation relating to the Preferred Stock prior to any Conversion Date, and (ii) the number of Preferred Warrant Shares shall be appropriately adjusted for any split, combination or similar event relating to the Preferred Stock.
Except as otherwise specified herein, (i) at any time that any of the Preferred Stock purchased by the Holder has not been converted to Common Stock, references in this Warrant to “Warrant Shares” shall mean Preferred Warrant Shares and to “Exercise Price” shall mean PW Exercise Price; and (ii) at any time that all of the Preferred Stock has been converted to Common Stock, references in this Warrant to “Warrant Shares” shall mean Common Warrant Shares and to “Exercise Price” shall mean CW Exercise Price.
All Warrants issued on transfers or exchanges shall be dated the Issuance Date and shall be identical with this Warrant except as to the number of Preferred Warrant Shares issuable pursuant thereto.
Partial exercises of this Warrant resulting in subscriptions for a portion of the total number of Preferred Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Preferred Warrant Shares issuable hereunder in an amount equal to the applicable number of Preferred Warrant Shares subscribed for.