Warrant Call definition
Examples of Warrant Call in a sentence
If the Warrant Holder fails to timely pay the amount required by the Warrant Call, the Company's sole remedy shall be to cancel a corresponding amount of this Warrant.
In no event may the Company exercise the Warrant Call at any time unless the Warrant Shares to be delivered upon exercise of the Warrant, will be upon delivery, immediately resalable, without restrictive legend and upon such resale freely transferable on the transfer books of the Company.
If the Warrant Holder fails to timely pay the funds required by the Warrant Call, the Company may elect to cancel a corresponding amount of this Warrant.
If the Warrant Holder fails to timely pay the amount required by the Warrant Call, the Company’s sole remedy shall be to cancel a corresponding amount of this Warrant.
The Company shall exercise a Warrant Call by giving written notice of call (the “Call Notice”) to the Holder during the period in which the Warrant Call may be exercised.
The Company’s right to exercise a Warrant Call shall commence five (5) Trading Days after either of the Trigger Conditions has been in effect continuously for fifteen (15) Trading Days.
A Call Notice may be given not sooner than fifteen (15) Trading Days after the Warrant Call Delivery Date of the immediately preceding Call Notice.
The Company may issue a call of this Warrant ("Call Notice") at any time after the Effective Registration Date, but prior to the expiration of this Warrant, by written notice to Warrant Holder, provided only that the Closing Price (hereinafter defined) of the Company's Common Stock has theretofore equalled or exceeded Forty-Five Cents ($0.45) per Share for ten (10) consecutive Trading Days after the Effective Registration Date.
The Company may issue a call of this Warrant ("Call Notice") at any time after the Effective Registration Date, but prior to the expiration of this Warrant, by written notice to Warrant Holder, provided only that the Closing Price (hereinafter defined) of the Company's Common Stock has theretofore equalled or exceeded Thirty-Three and three-fourths Cents ($0.3375) per Share for ten (10) consecutive Trading Days after the Effective Registration Date.
The Holder shall have the right to cancel the Warrant Call up until the date the called Warrant Shares are actually delivered to the Holder (“Warrant Call Delivery Date”) if the Trigger Condition relied upon for the Warrant Call ceases to apply.