Redemption Trigger Price definition
Examples of Redemption Trigger Price in a sentence
The Warrant Agreement provides that, upon the occurrence of certain events, the Warrant Price, the Redemption Trigger Price (defined below) and the number of Warrant Shares purchasable hereunder, set forth on the face hereof, may be adjusted, subject to certain conditions.
In addition, in the event the Warrant Price is adjusted as provided above, the Redemption Trigger Price set forth in Section 6.1 hereof will be adjusted (to the nearest cent) to the Adjusted Warrant Exercise Price plus $6.50 (such adjusted Redemption Trigger Price, the “New Redemption Trigger Price”).
Following the determination by the board of directors, the Combined Company shall provide prompt public notice of the Adjusted Warrant Exercise Price and the New Redemption Trigger Price when and as determined.
At its sole option, the Company may elect to redeem, the Warrants at any time following the last day of the first 30 consecutive Trading Day period in which the daily VWAPs Common Stock has been at least equal to the then applicable Redemption Trigger Price for at least 20 Trading Days (whether or not consecutive) (the “Redemption Price Condition”).
Notwithstanding the foregoing, no change in the terms of the Preferred Shares issued in the Public Offering will result in an adjustment in the exercise price of the warrants or the Redemption Trigger Price.
Redemption Trigger Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 9.
Upon each adjustment of the Exercise Price, the Redemption Trigger Price shall be adjusted by multiplying such price as in effect prior to such adjustment by a fraction, the numerator of which shall be the Exercise Price subsequent to adjustment and the denominator of which shall be the Exercise Price prior to such adjustment.
Following the determination by the board, the Combined Company shall provide prompt public notice of the Adjusted Warrant Exercise Price and the New Redemption Trigger Price when and as determined.
The Warrant Price, Redemption Price, Redemption Trigger Price and the number of shares of Warrant Stock that may be purchased upon exercise of this Warrant shall be subject to adjustment from time to time as set forth in this Section 5.
The Notes will be redeemable at the option of the Company, in whole or in part, at any time, at a redemption price equal to the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Redemption Date (subject to the right of holders of record on the relevant Interest Record Date to receive interest due on the relevant Interest Payment Date) if the Quoted Price exceeds 130% of the Redemption Trigger Price per share for 20 trading days in a period of 30 consecutive trading days.