Base Warrants definition

Base Warrants means warrants to purchase up to Five Hundred Thousand (500,000) shares of Common Stock pursuant to a written warrant agreement, in a form determined by the Company but including the following terms: (i) an exercise price of $3.00 per share, (ii) vesting monthly in arrears commencing at the end of the eighth month following the Effective Date (as to four-ninths (4/9) of the underlying number of shares of Common Stock) and continuing at the end of each subsequent month during the term hereof at a rate of one eighteenth (1/18) of the number of underlying shares of Common Stock and (iii) expiration automatically (1) if this Agreement is terminated prior to eight (8) months following the Effective Date, the date of termination of this Agreement, (2) if this Agreement is terminated after this Agreement has been in effect for at least eight (8) months but less than eighteen (18) months, six (6) months following the date of termination and (3) if this Agreement is in effect for at least eighteen months, the fifth anniversary of the Effective Date.”
Sample 1
Base Warrants means the Base Warrants issued by the Company pursuant to the Senior Subordinated Note and Warrant Purchase Agreement, dated as of April 7, 1997, among the Company, Capital Resource Lenders III, L.P. ("CRL"), The Lincoln National Life Insurance Company ("Life") and Lincoln National Income Fund, Inc. 42 ("Income," and collectively with Life, "Lincoln"), as amended (the "1997 Agreement"), or the Senior Subordinated Note and Warrant Purchase Agreement, dated as of April 10, 1998, among the Company, J.P. Morgan Capital Corporation ("Morgan Capital"), Xxxxx Xxll Street Fund, L.P. ("Wall Xtreet," and collectively with Morgan Capital, "Morgan"), CRL, and Life (the "1900 Xxxeement").
Sample 1
Base Warrants. As defined in section 1.1 of this Agreement. -------------
Sample 1

Examples of Base Warrants in a sentence

  • Except as expressly set forth herein, all of the terms and conditions of the Base Warrants Confirmation shall remain in full force and effect and are hereby confirmed in all respects.

  • The Shares, Base Warrants and the Pre-Funded Warrants will be separately tradable and transferable immediately following the date of the Prospectus (as hereinafter defined).

  • The Base Warrants and the Additional Warrants are referred to herein together as the "Warrants".

  • Any capitalized term not otherwise defined herein shall have the meaning set forth for such term in the Base Warrants Confirmation.

  • At or prior to the Closing Date and each Option Closing Date, the Shares, the Base Warrants and the Option Warrants shall be eligible for clearance and settlement through the facilities of the DTC.

  • Except as expressly set forth herein, all of the terms and conditions of the Base Call Option Transaction Confirmation and the Base Warrants Confirmation shall remain in full force and effect and are hereby confirmed in all respects.

  • Any capitalized term not otherwise defined herein shall have the meaning set forth for such term in the Base Call Option Transaction Confirmation or the Base Warrants Confirmation, as applicable.

  • Xxxxxxxx as the recipient of Base Warrants to purchase 17,500 shares of Borrower’s common stock otherwise issuable to XxxxXxxxxx pursuant to this Section 2.7 and such Base Warrants shall be deemed issued to XxxxXxxxxx as required by this Section 2.7) warrants to purchase 6,822 shares of Borrower’s Common Stock for each $100,000 of such Lender’s Commitment (the “Base Warrants”).

  • The Penalty Warrant, which shall be exercisable for a period of five (5) years unless sooner terminated, shall contain substantially the same terms and conditions as the Base Warrants, other than the exercise price and the terms of exercise.

  • The Company and American Stock Transfer & Trust Company, as warrant agent for the Base Warrants and Option Warrants, shall have executed and delivered a warrant agreement (the “Warrant Agreement”) and the Warrant Agreement shall be in full force and effect.

Related to Base Warrants

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Series D Warrants means, collectively, the Series D Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto

  • SPAC Warrants means the SPAC Public Warrants and the SPAC Private Placement Warrants.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 9 months, in the form of Exhibit A attached hereto.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Additional Warrants means such further warrants as may be required or permitted to be issued by the Company in accordance with Condition 5 (such further warrants to rank pari passu with the Original Warrants and for all purposes to form part of the same series), each such Additional Warrant entitling the holder thereof to subscribe for one (1) New Share at such price as may be determined in accordance with Condition 5, upon and subject to the Conditions;

  • Private Warrants means the Warrants the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Initial Warrants means the warrants of the Company to purchase shares of Common Stock underlying the Initial Units issued and outstanding prior to the IPO.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Purchase Option As defined in Section 3.18(c).

  • Warrant Agreements means those agreements entered into in connection with the Loan, substantially in the form attached hereto as Exhibit B pursuant to which Borrower granted Lender the right to purchase that number of shares of Series B Preferred Stock of Borrower as more particularly set forth therein.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Broker Warrants has the meaning ascribed to such term in Section 12 hereof;

  • Company Convertible Securities means, collectively, any other options, warrants or rights to subscribe for or purchase any capital shares of the Company or securities convertible into or exchangeable for, or that otherwise confer on the holder any right to acquire any capital shares of the Company.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • New Warrants means those certain warrants to purchase New Valaris Equity on the terms set forth in the New Warrant Agreement.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2023-1 Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2023-1 Vehicle for which the related 2023-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related 2023-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Warrant Securities means this Warrant and the Warrant Shares, collectively.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Warrant Holders or “Holders” means the holders of the Warrants; and