Initial Warrant. On the Closing Date, the Company shall issue to the Lender a Warrant (the "Initial Warrant") to purchase up to an aggregate of 965,000 Warrant Shares. Immediately after the tenth trading day following the Closing Date, the Company and the Lender shall agree as to the exercise price of such Warrant in accordance with the formula set forth in Section 5.1(b) hereof.
Initial Warrant. On the Effective Date, Licensee shall also immediately grant and deliver to Medtronic or to a subsidiary designated by Medtronic, as an additional royalty payment, the warrant (the "Initial Warrant") attached as Exhibit C, entitling the holder to purchase 447,554 shares of common stock of Licensee, which Licensee represents is equal to 5% (five percent) of the total issued and outstanding common stock of Licensee as of the Effective Date. The per share exercise price of such Initial Warrant shall be the average closing price of Licensee's common stock for the twenty (20) trading days ending on and including the trading day immediately preceding the Effective Date. The Initial Warrant shall be immediately exercisable and shall expire four (4) years from the Initial Warrant's issuance. Licensee represents that the Initial Warrant conforms to and complies with the specifications set forth in this Section 3.2.
Initial Warrant. On the Closing Date, the Arrangers will be issued warrants to purchase 2% of the Conv Pref of NewCo on a fully-diluted basis as of date of exercise, at an exercise price of $0.01 per share, which will have a 7-year term from the Closing Date and will be exercisable in part or in full at any time during such term. If ECP converts its Conv Pref to common stock, such warrants shall become exercisable into common stock (or dragged into common stock if ECP coverts after the Arrangers have exercised their warrants for Conv Pref). For the avoidance of doubt, only the Arrangers shall be allocated Initial Warrants. If the Arrangers participate in the Incremental Facility, the Arrangers will be issued additional warrants on the foregoing terms to purchase an additional 0.5% of the Conv Pref of NewCo on a fully-diluted basis as of date of exercise, at an exercise price of $0.01 per share, which will have a 7-year term from the Closing Date and will be exercisable in part or in full at any time during such term.
Initial Warrant. Company shall deliver the Initial Warrant, duly executed by Company in definitive form as provided in Section 2(f), and shall register such Initial Warrant in the warrant register of Company in the name of Purchaser or as instructed by Purchaser in writing.
Initial Warrant. In consideration of Kubra entering into the Referral Agreement, Payment Data will issue to Kubra on the Effective Date a Warrant representing the right to acquire 250,000 Shares at a strike price ("Strike Price") of $0.24 per Share (the "Initial Warrant"), and will deliver to Kubra a Warrant Certificate representing such Initial Warrant. The form of certificate representing the Initial Warrant (the "Warrant Certificate") is attached hereto as Exhibit A.
Initial Warrant. On the date of this Agreement, Parent shall issue and deliver to AES a warrant (the “Initial Warrant”) in substantially the form attached as Exhibit A (the “Form of Warrant”) to purchase common shares of Parent (“Common Shares”); provided that the following all-capitalized terms set forth in the Form of Warrant shall be completed with the following terms:
Initial Warrant. The Initial Warrants shall be entirely unvested as of the Initial Closing. 2.5% of each Initial Warrant shall vest on each November 8, February 8, May 8 and August 8 (excluding, for the avoidance of doubt, August 8, 2023); provided that any remaining unvested portion of the Tranche A Warrant shall vest on August 8, 2032. Notwithstanding the foregoing, (i) if the Commercial Agreement is terminated by the Purchaser pursuant to Section 19(A) or 19(B)(2) of the Commercial Agreement (the date of termination of the Commercial Agreement for any reason, the “Commercial Agreement Termination Date”), then all unvested Initial Warrants shall immediately vest upon such termination and as of the Commercial Agreement Termination Date and (ii) if the Commercial Agreement terminates for any reason other than the circumstance described in clause (i), then the unvested portion of the Initial Warrants as of the Commercial Agreement Termination Date shall immediately and automatically be forfeited and canceled for no consideration without any further action required by the Company or the Purchaser; provided that if the Commercial Agreement terminates on November 7, February 7, May 7 or August 7, all Initial Warrants scheduled to vest on the following day shall still vest as scheduled.
Initial Warrant. At the Closing, Seller’s Parent shall issue to Buyer’s Parent a five (5)-year warrant (“Initial Warrant”) to purchase, at a price per share equal to the then per share Fair Market Value of Common Stock of Seller’s Parent, a number of shares of Common Stock of Seller’s Parent equal to the quotient obtained by dividing (x) one-tenth percent (.1%) of the estimated Premium Amount by (y) the price per share at which Seller’s Parent most recently issued Common Stock (including securities exercisable for Common Stock) prior to the Closing. The Initial Warrant issued to Buyer’s Parent pursuant to this Section shall be in substantially the form set forth in Exhibit D.
Initial Warrant. Upon execution hereof, the Company shall deliver to --------------- Purchaser the Initial Warrant duly executed on behalf of the Company.
Initial Warrant. The Initial Warrant duly executed by Webxu;
