Term Loan Warrants definition
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.
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").
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.
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").
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].
Notwithstanding the provisions of Section 2.02 (c)(vi) of the Credit Agreement, the issuance of the Add-On Term Loan Warrants to the Add-On Term Loan Lenders in partial consideration for the making of the Add-On Term Loans in the amounts set forth on Schedule 2.01.
The Amendment Effective Date Term Loan Warrants shall be exercisable at an exercise price per share equal to 1.5 times the average closing price of ProQR Therapeutics N.V.’s Ordinary Shares during the 7 trading days prior to the Amendment Effective Date (and the aggregate number of Ordinary Shares for which the Amendment Effective Date Term Loan Warrants shall be exercisable shall be equal to $3,000,000 divided by 1.5 times such average closing price).
Term Loan Warrants issued by Retail Ventures to Schottenstein Stores Corporation, Cerberus Partners, L.P. and Back Bay Capital Funding, LLC on the First Delivery Date.