Upper Cap Premium definition

Upper Cap Premium means a premium amount equal to $20.00, as adjusted from time to time pursuant to Article 4;
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Examples of Upper Cap Premium in a sentence

  • If and whenever, pursuant hereto, any adjustment in the Exercise Price Per Warrant occurs, the Lower Cap Premium and the Upper Cap Premium shall both be adjusted by multiplying the Lower Cap Premium or the Upper Cap Premium (as the case may be) by the same fraction as is used to adjust the Exercise Price Per Warrant.

  • Immediately upon the payment of the Lower Cap Premium or Upper Cap Premium, as applicable, of the exercised Warrant being paid to such Holder, such Holder shall be deemed to have transferred the Lower Capped Shares or the Upper Capped Shares, as the case may be, to Trident Exploration in consideration of Trident Exploration (i) cancelling as fully paid the relevant Exercise Price Loan; and (ii) paying the Lower Cap Premium or Upper Cap Premium, as applicable, to such Holder.

  • The Exercise Price Per Warrant, the number of Lower Capped Warrants and Upper Capped Warrants issued to the Holders, and the Upper Cap Premium and Lower Cap Premium, are subject to adjustment from time to time upon the occurrence of the events and in the manner provided for in this Article 4.