Examples of Term Loan Warrants in a sentence
The Company shall at all times while this Warrant is outstanding, but only prior to the consummation of a Spin-Off and satisfaction of the Company’s obligations pursuant to Section 3.3(b), retain ownership of at least that number of shares of DSW Stock sufficient to permit exercise in full of this Warrant and any other outstanding Conversion Warrants and Term Loan Warrants for shares of DSW Stock.
The Term Loan Warrants have a maturity date of May 25, 2023, an exercise price of $0.48 per common share and have the same terms as described above.
Except as set forth in Section 4.6 of the Disclosure Letter, the Acquired Companies have good and marketable title to, or a valid and enforceable leasehold interest in, all personal assets owned, used or held for use by them, except as would not, individually or in the aggregate, have a Material Adverse Effect on the Acquired Companies.
As of December 31, 2020, there were 4,988,719 Term Loan Warrants outstanding.
At the time of the Term Loan, and immediately after giving effect to the Term Loan, the Borrower shall be in compliance with all the terms and provisions set forth herein on its part to be observed or performed, and no Event of Default or Unmatured Event of Default shall have occurred and be continuing at the time of the Term Loan, or would result from the making of the Term Loan or the issuance of the Term Loan Warrants.
The US $1,500 Term Loan Warrants have a maturity date of June 26, 2024, an exercise price of $0.48 per common share and have the same terms as described above.
The Company shall at all times while this Warrant is outstanding, but prior to the consummation of a Spin-Off, retain ownership of at least that number of shares of DSW Stock sufficient to permit exercise in full of this Warrant and any other outstanding Convertible Warrants and Term Loan Warrants for shares of DSW Stock [For Cerberus Warrant only: without regard to any limit on exercisability set forth in Section 2.5 or otherwise in this Warrant or any comparable provision in the Term Loan Warrants].
Upon conversion of the Convertible Note in full (or upon conversion of all amounts remaining under the Convertible Note, if prior conversions were made in part), Borrower will execute and deliver to the Lender a warrant to purchase 325,000 shares of Common Stock, in the form attached hereto as Exhibit D (the "Conversion Warrant" and together with the Term Loan Warrants, the "Warrants").
In consideration of the Lender's willingness to make the Term Loan, Borrower will execute and deliver to the Lender a warrant to purchase 50,000 shares of Common Stock, in the form attached hereto as Exhibit B, and a warrant to purchase 250,000 shares of Common Stock, in the form attached hereto as Exhibit C (both such warrants collectively, the "Term Loan Warrants").
The Term Loan Warrants are accounted for as a derivative warrant liability as they do not meet the criteria for equity classification under IFRS.