Warrant Coverage definition

Warrant Coverage means 2.95% times the aggregate principal amount of Term Loan Advances (as defined in the Loan Agreement) made and funded by the Warrantholder under the Loan Agreement from time to time.

Warrant Coverage means [Three Hundred Thousand Dollars ($300,000.00)]1 [1.20% of such amount advanced under Tranche 2, Tranche 3, Tranche 4 or Tranche 5 (as defined and set forth in the Loan Agreement), as applicable to the tranche under which the Agreement was entered into by the parties hereto in connection with the Term Loan Advance (as defined in the Loan Agreement)]2.

Warrant Coverage initially means $600,000; provided however, that upon any Advance under the Loan Agreement, Warrant Coverage means the sum of: (i) $600,000 plus (ii) 2.5% times the amount of all Advances made under the Loan Agreement.

Examples of Warrant Coverage in a sentence

• Each reference to "March 31, 2012" set forth in Sections 1.2 and 1.4 of the Existing Agreement (as amended by the First, Second, and Third Amendment thereto) and in the Form of Note attached as Exhibit A thereto is hereby replaced with "April 30, 2012." 2.2 Warrant Coverage.

• Notwithstanding the foregoing, the Company may prepay the Note at any time, and from time to time, without penalty.2. Warrant Coverage.

• For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, an aggregate number of fully paid and non-assessable shares of Common Stock equal to the quotient derived by dividing (a) the Warrant Coverage (as defined below) by (b) the Exercise Price (as defined below).

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• In the event that the Company does not pay outstanding principal and accrued interest within ten (10) days after demand made by the Investor made after the first anniversary of the Initial Closing, the Warrant Coverage Amount shall mean the amount which equals twenty-five percent (25)% of the original principal amount of the Note.

More Definitions of Warrant Coverage

Warrant Coverage. The Purchaser will be entitled to warrants to purchase the same number of Shares (the "Purchased Warrants"). The shares of Common Stock into which the Warrants are exercisable (the "Warrant Shares") will have piggyback registration rights as provided in this Agreement.

Warrant Coverage means Three Hundred Thousand Dollars ($300,000.00).”

Warrant Coverage means, [_____] divided by the Price Factor at the time the Warrant is exercised.

Warrant Coverage means [1.00% of such amount advanced under Tranche 1-A, Xxxxxxx 0-X, Xxxxxxx 0-X, Tranche 1-D, Tranche 2-A, Tranche 2-B or Tranche 3 (as defined and set forth in the Loan Agreement), as applicable to the tranche under which the Agreement was entered into by the parties hereto in connection with the Term Loan Advance (as defined in the Loan Agreement)]2.

Warrant Coverage means the percentage obtained by dividing (i) the aggregate exercise price of the warrant(s) (i.e., the product of (A) the exercise price of the warrant(s) issued in connection with the transaction and (B) the total number of shares of capital stock issuable upon exercise of the warrant(s)) by (ii) the total principal amount of the loan or lease transaction associated with the issuance of the warrants.

Warrant Coverage means One Hundred Thousand Dollars ($100,000).

Warrant Coverage in Section 1(a) of the Agreement is hereby deleted in its entirety.