Examples of Xxxxx Warrants in a sentence
In accordance therewith, upon the issuance of such Xxxxx Warrants, the Company shall adjust the Gross Asset Value of the Company's assets pursuant to clause (ii)(A) of the definition of Gross Asset Value and shall adjust the Members' Capital Accounts accordingly.
Immediately following such adjustment, the aggregate balances of all Members' Capital Accounts shall equal $66,666.67, of which $10,000 shall be the aggregate balances of the Capital Accounts of the holders of the Xxxxx Warrants.
All Xxxxx Warrants shall be treated as Warrant Exercised Common Units from the date of issuance and, for the avoidance of all doubt, Articles IV, V, VI, VII, VIII, IX, X, XI, XII and XIII of this Agreement shall be interpreted accordingly as necessary to ensure that allocations, distributions, capital accounts, tax reporting and tax elections are all undertaken by the Partnership in a manner consistent with such treatment.
As of the close of business on November 2, 2021 (the “Parent Capitalization Date”), there were (A) 60,172,159 Parent Shares issued and outstanding, (B) no other shares issued and outstanding, (C) no Parent Shares held by Parent in its treasury, (D) Xxxxx Warrants that are exercisable for an aggregate of 6,463,182 Parent Shares issued and outstanding and (E) Parent Warrants that are exercisable for an aggregate of 19,410,484 Parent Shares issued and outstanding.
Since the Parent Capitalization Date, Topco, Parent and Merger Sub have not issued any shares of its capital stock or membership interests, as applicable, other than, in the case of Parent, pursuant to the Xxxxx Warrants, the Parent Warrants referenced in clause (D) above, and under the Parent Equity Plan.