Examples of TripAdvisor Common Stock in a sentence
All shares of TripAdvisor Common Stock which may be delivered upon exercise of the TripAdvisor Equity Warrants will upon delivery be duly and validly issued and fully paid and non-assessable, free of all liens and charges and not subject to any preemptive rights (other than rights which do not affect the Holder’s right to own the shares of TripAdvisor Common Stock to be issued), and prior to the Exercise Date the Company shall take any corporate action necessary therefor.
The Equity Warrant Agent shall have no duty or obligation to investigate or confirm whether the Company’s determination regarding the number of TripAdvisor Common Stock to be issued in the event of such cashless exercise is accurate or correct, nor shall the Equity Warrant Agent have any duty or obligation to take any action with regard to such cashless exercise prior to being notified by the Company of the relevant number of TripAdvisor Common Stock to be issued.
The number of shares of TripAdvisor Common Stock which shall be purchasable upon the payment of the Exercise Price and to the extent provided therein, the Exercise Price, shall be subject to adjustment pursuant to Article 4 hereof.
Irrespective of any adjustment in the amount of TripAdvisor Common Stock issued upon exercise of a TripAdvisor Equity Warrant, TripAdvisor Equity Warrants theretofore or thereafter issued may continue to express the same number and kind of shares as are stated in the TripAdvisor Equity Warrants initially issuable pursuant to this Agreement.
Before taking any action which would cause an adjustment reducing the price per share of TripAdvisor Common Stock issued upon exercise of the TripAdvisor Equity Warrants below the then par value (if any) of such shares of TripAdvisor Common Stock, the Company shall take any corporate action which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and non-assessable shares of TripAdvisor Common Stock at such Exercise Price.
Except as may be provided in an TripAdvisor Equity Warrant Certificate, the date on which such TripAdvisor Equity Warrant Certificate (or, in the case of TripAdvisor Equity Warrants held in uncertificated form, instructions providing for such exercise) and payment are received by the Equity Warrant Agent as aforesaid shall be deemed to be the date on which the TripAdvisor Equity Warrant is exercised and the relevant shares of TripAdvisor Common Stock are issued (the “Exercise Date”).
The issuance of all such shares of TripAdvisor Common Stock shall, to the extent permitted by law, be registered under the Securities Act of 1933, as amended.
Each Holder shall have the right to purchase the number of fully paid and nonassessable shares of TripAdvisor Common Stock which the Holder may at the time be entitled to receive on exercise of such TripAdvisor Equity Warrant and payment of the Exercise Price, subject to the terms herein.
For purposes of this Section 8.6, the number of shares of TripAdvisor Common Stock which shall be deliverable upon the exercise of all outstanding TripAdvisor Equity Warrants shall be computed as if at the time of computation all outstanding TripAdvisor Equity Warrants were held by a single holder.