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 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. 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. In addition to the payments set forth in Section 3.6, Solazyme will grant to ADM a warrant covering 500,000 shares of Stock. Solazyme agrees to prepare a registration statement pursuant to which the warrant and shares of Stock issuable upon exercise of the warrant will be registered under the Securities Act of 1933, and to file such registration statement with the SEC, within thirty (30) days of the Effective Date. Solazyme agrees to use its best efforts to cause such registration statement to be declared effective as soon as practicable following filing. The warrant will be issued promptly following the date the SEC declares the registration statement to be effective. The warrant will vest in equal monthly installments over five (5) years from the Manufacturing Commencement Date.
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 Xxxxxxxx or as instructed by Xxxxxxxx in writing.
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. Borrower has duly authorized the issuance to Lender (or its respective Affiliate or designee) of a Warrant (the “Initial Warrant”) in the form attached hereto as Exhibit C evidencing Lender’s (or its respective Affiliate’s or designee’s) right to purchase that number of shares of Common Stock of Borrower as set forth in the Initial Warrant (and as such number of shares of Common Stock may be adjusted under certain circumstances in accordance with the terms of the Initial Warrant).
Initial Warrant. The Administrative Agent shall have received an executed counterpart of a Warrant Certificate pursuant to which an Initial Warrant shall have been issued for each Lender.
Initial Warrant. The Client shall issue to the Banker:
Initial Warrant. The Initial Warrant duly executed by Webxu;
