Warrant Settlement definition
Examples of Warrant Settlement in a sentence
As provided above, any Holder who does not notify the Unit Agent and the Warrant Agent of an election to exercise its Warrants on the Warrant Settlement Date shall be deemed to have elected to have such Warrants redeemed.
The “Warrant Settlement Amount” shall mean a number of Shares determined by the Calculation Agent by reference to the Average VWAP using the table set forth in Schedule A attached hereto (using linear interpolation if the Average VWAP is between two points on the table set forth on Schedule A or, otherwise, commercially reasonable extrapolation by Dealer, as applicable, to determine the Warrant Settlement Amount for any Average VWAP not specifically appearing in Schedule A).
On the second Scheduled Trading Day following the final Averaging Date or, if such day is not a Clearance System Business Day, on the next Clearance System Business Day immediately following such day (the “Unwind Settlement Date”), Company shall deliver to Dealer the Warrant Settlement Amount through the Clearance System.
After the Company Warrant Settlement, all of the Company Warrants shall no longer be outstanding and shall cease to exist and each holder of Company Warrants shall thereafter cease to have any rights with respect to such securities except as set forth in this Section 2.1(a)(iii).
As provided above, any Holder who does not notify the Agent and the Warrant Agent of an election to exercise its Warrants on the Warrant Settlement Date shall be deemed to have elected to have such Warrants redeemed.
The Holder further covenants and agrees, that, to the extent and in the manner provided in the Warrant Agreement and the Pledge Agreement, but subject to the terms thereof, payments in respect to the aggregate principal amount of the Pledged Treasury Securities on the Warrant Settlement Date shall be paid by the Collateral Agent to the Company in satisfaction of such Holder's obligations under such Warrant and such Holder shall acquire no right, title or interest in such payments.
The “Prior Unwind Notice” means written notice by BNP Paribas to Dealer that the final averaging date under the Other Dealer Warrant Settlement Agreement (as defined below) entered into on the date hereof between Issuer and BNP Paribas has occurred.
The Applicable Ownership Interest in the Treasury Portfolio will be substituted for the Notes of Equity Unit Holders and will be pledged to the Collateral Agent to secure the Equity Unit Holders' obligation to pay the Purchase Price for the Common Stock under the related Warrants on the Warrant Settlement Date.
The Company will cause a notice of such Failed Final Remarketing to be published on the second Business Day immediately preceding the Warrant Settlement Date in the Authorized Newspaper.
The portion of the proceeds equal to the aggregate principal amount of Notes will automatically be applied by the Collateral Agent, in accordance with the Pledge Agreement, to satisfy in full such Equity Units Holders' obligations to pay the Purchase Price for the Common Stock under the related Warrants on the Warrant Settlement Date.