Warrant Return definition
Warrant Return means the VWAP for the Borrower’s common Equity Interests sold in such Qualified IPO.
Warrant Return means, at any time of determination, if on or prior to such time an event or transaction of the type described in either clause (i) or (ii) of the definition of “Change of Control” has occurred, the gross cash proceeds received or receivable by Lenders in respect of their Warrants so long as (and to the extent that) such Lenders were permitted to exercise such Warrants and participate in such event or transaction; provided that, upon consummation of a Qualified IPO by the Borrower, “Warrant Return” shall mean the VWAP for the Borrower’s common Equity Interests sold in such Qualified IPO.
Warrant Return means $1,341,624.75.
Examples of Warrant Return in a sentence
In the absence of a Due Diligence Notice (▇▇ ▇▇▇ined below) by Swartz or an Unacceptable Document Notice by Medical Industries being ▇▇▇▇▇▇itted by the appropriate party prior to the end of the "Document Review Period," the Commitment Warrant shall irrevocably vest with Swartz, subject only to a Partial Warrant Return, as defined below.