Examples of Unvested Warrants in a sentence
In the event that shares of Series B Preferred Stock are repurchased pursuant to Section 4 of this Agreement (either directly or through a Designated Purchaser), converted into Common Stock or sold by Purchaser prior to the three year anniversary of the Closing, a portion of the Unvested Warrants outstanding at the time of such repurchase, conversion or sale shall automatically be cancelled and of no further force and effect.
Unvested Warrants shall also be forfeited if the Agent’s status as an appointed sales agent of the Company is terminated for any reason.
Unvested Warrants shall also be forfeited if the agent’s status as an appointed sales agent of the Company is terminated for any reason.
The portion of the Unvested Warrants to be cancelled upon each repurchase, conversion or sale completed during the three year period following the Closing shall equal the product of the number of Unvested Warrants held by the Series B Holder in question on the date of such repurchase, conversion or sale (calculated by reference to the number of Warrant Shares underlying the Unvested Warrants) multiplied by the Warrant Cancellation Percentage.
All conditions precedent to the issuance of the New Series A Notes, the New Series B Notes, the New PPNs, the New PPN Warrants, the New PPN SARs, the New SARs, and the New Unvested Warrants shall have occurred and the New Series A Notes, the New Series B Notes, the New PPNs, the New PPN Warrants, the New PPN SARs, the New SARs, and the New Unvested Warrants shall have been issued.
On the Effective Date, the Debtor shall establish the Grantor Trust pursuant to the Grantor Trust Agreement for the purpose of holding the New PPNs, the New PPN Warrants and the New PPN SARs and the Debtor will cause the Grantor Trust to issue and deliver the Grantor Trust Certificates, the New Unvested Warrants and the New SARs to the Debtor.
For the avoidance of doubt, all Out-of-Money Warrants and Unvested Warrants shall be terminated and shall not have any right to receive any consideration in respect thereof.
After the Effective Time, each Warrantholder shall only be entitled to the payments described in this Section 2.6. For the avoidance of doubt, all Out-of-Money Warrants and Unvested Warrants shall be cancelled and shall not have any right to receive any consideration in respect thereof.
Subject to the acceleration as specified in Section 5(ii) above, upon the earlier of the consummation of a Change of Control Transaction and the expiration of the Vesting Period, the Unvested Shares that have not been vested shall be redeemed by the Surviving Company in accordance with the terms set forth in its Governing Documents, and the Unvested Warrants that have not been vested shall be automatically forfeited and cancelled for no consideration.
The undersigned acknowledges and agrees that the Warrant Payment(s) (including for Out-of-Money Warrants and Unvested Warrants which shall be terminated and shall not have any right to receive any consideration in respect thereof) shall be deemed to have been paid in full satisfaction of all rights pertaining to such Warrant.