Warrant check definition

Warrant check means a combination of warrant and check. It is a negotiable instrument which orders a depository bank to pay to the order of the payee therein named. A warrant check authorizes the bank upon which drawn to charge the municipality's account with the amount stated therein.
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Examples of Warrant check in a sentence

  • Common Stock issuable upon exercise of the Warrant and delivery of: ● $_________ (in cash as provided for in the foregoing Warrant); and ● __________ shares of Common Stock (pursuant to a Cashless Exercise in accordance with Section 2(a)(iii)(2) of the Warrant) (check here if the undersigned desires to deliver an unspecified number of shares equal the number sufficient to effect a Cashless Exercise [___] in accordance with Section 2(a)(iii)(2)).

  • The undersigned hereby elects to purchase _______ shares of Common Stock of ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Co. (the “Company”) pursuant to the terms of the attached Warrant [check one]: [ ] Cash Exercise.

Related to Warrant check

  • Warrant Certificate means a certificate, substantially in the form set forth in Schedule “A” hereto, to evidence those Warrants that will be evidenced by a certificate;

  • Warrant Certificates means the certificates representing the Warrants;

  • Warrant Consideration has the meaning specified in Section 4(i)(i) hereof.

  • Warrant Exercise Price means $0.01 per share.

  • Warrant Agreements means those agreements entered into in connection with the Loan, substantially in the form attached hereto as Exhibit B pursuant to which Borrower granted Lender the right to purchase that number of shares of Series B Preferred Stock of Borrower as more particularly set forth therein.