Examples of special warrant in a sentence
Each Special Warrant may be converted, in whole or in part, at any time prior to maturity into 60,000 Common Shares of the Company.
In the event of any conflict or inconsistency between the provisions of this Indenture and the Special Warrant Certificates, the provisions of this Indenture will govern.
The Corporation further agreed that in the event that the Qualification Event was not completed on or before 5:00 pm (EST) on the date that is 60 days following the date of issuance of the Special Warrants (the "Qualification Deadline"), each unexercised Special Warrant will thereafter entitle the holder to receive, upon the exercise thereof, at no additional cost, 1.1 Units per Special Warrant (instead of one (1) Unit) (the "Penalty Provision").
Each Special Warrant is convertible into one unit of the Corporation (each, a "Unit") without payment of any additional consideration upon certain conditions being met, subject to adjustment in certain circumstances and the Penalty Provision (as defined herein).
As the Qualification Event has not been completed prior to the Qualification Deadline, each holder of a Special Warrant is entitled to receive, without payment of additional consideration, 1.1 Units per Special Warrant (in lieu of 1 Unit per Special Warrant) upon exercise of the Special Warrants.