Warrant Exercise Amount definition
Examples of Warrant Exercise Amount in a sentence
In order to be effective, such written notice shall be accompanied by a payment equal to the Warrant Price multiplied by the number of shares of stock with respect to which this Warrant is to be exercised (the "Warrant Exercise Amount").
As promptly as practicable after the receipt by the Company of (i) such written notice from the Holder and (ii) payment, in the form required by the foregoing provisions of this Paragraph 1(f) of the Warrant Exercise Amount, the Company shall cause its transfer agent to deliver to the Holder a certificate representing the number of shares of stock with respect to which this Warrant has been so exercised, such certificate to be registered in the name of the Holder.
The Warrant Exercise Amount shall be made by cashier's check drawn on a national banking association and payable to the order of the Company in United States dollars.
If, at the expiration of seven business days after the delivery to the Holder of such written notice from the Company, the Holder shall not have delivered to the Company a cashier's check drawn on a national banking association and payable to the order of the Company in an amount, in United States dollars, equal to the Warrant Exercise Amount, such written notice from the Holder to the Company shall be ineffective to exercise this Warrant.
Accordingly, because the Daily Warrant Exercise Share Allocation exceeds the Maximum Warrant Exercise Amount, the Daily Warrant Exercise Share Allocation is reduced to 200,000 at $1.53 per share, or $306,000 in the aggregate.