Additional Warrant Shares. Additionally, DRI shall deliver to the Buyer at the Closing a Stock Purchase Warrant, in the form set forth as Exhibit 1.3., with the rights, obligations and preferences as set forth therein (the "Warrant Agreement"). The basic terms of the Warrant Agreement shall provide Buyer with the right to purchase up to 319,150 shares of common stock, par value $0.10 per share, of DRI (the "Warrant Stock") at an exercise price of $3.00 per share for a period of seven (7) years, subject to the terms and conditions set forth in the Warrant Agreement.
Additional Warrant Shares. The maximum amount of additional Warrant Shares that each such Tag-Along Investor shall be entitled to sell, and the proposed Transferor shall be required to include in the Proposed Transfer, shall be determined by multiplying the total number of Warrant Shares, or Warrant Shares which could be acquired upon exercise of Warrants, that Tag-Along Investors could have elected to sell to the proposed purchaser but elected not to so sell (as indicated in the Tag-Along Notices), by a fraction, the numerator of which is the total number of Warrant Shares, or Warrant Shares which could be acquired upon exercise of Warrants, owned by such Tag-Along Investors electing to sell additional Warrant Shares and the denominator of which is the total number of Warrant Shares, or Warrant Shares which could be acquired upon exercise of Warrants, owned by all Tag-Along Investors who delivered Tag-Along Notices.
Additional Warrant Shares. If after the Registration Statement registering the Warrant Shares required by Section 2(a) of the Registration Rights Agreement has been declared effective by the Securities and Exchange Commission, (i)(A) sales of Warrant Shares can no longer be made pursuant to such Registration Statement, (B) such Registration Statement is no longer effective, or (C) the Common Stock is not listed or included for quotation on the Nasdaq Capital Market, the Nasdaq National Market, the New York Stock Exchange or the American Stock Exchange and (ii) the Holder no longer holds any portion of the Notes (or Conversion Shares into which they have been converted) (each of such events, a “Default Event”) and such Default Event exists without interruption for more than five (5) business days, then this Warrant will become exercisable for an additional number of shares of Common Stock (the “Additional Warrant Shares”) equal to (s) the number of Warrant Shares then issuable upon exercise of the Warrant assuming a cashless exercise pursuant to Section 3(d) of this Warrant, multiplied by (t) ten hundredths (.10). If the Default Event continues without interruption for more than sixty (60) days, then this Warrant will become exercisable for a further amount of Additional Warrant Shares equal to (u) the number of Warrant Shares then issuable upon exercise of the Warrant assuming a cashless exercise pursuant to Section 3(d) of this Warrant, multiplied by (v) five hundredths (.05). If the Default Event continues without interruption for more than one hundred twenty (120) days, then this Warrant will become exercisable (in part or in whole) for a further amount of Additional Warrant Shares equal to (w) the number of Warrant Shares then issuable upon exercise of the Warrant assuming a cashless exercise pursuant to Section 3(d) of this Warrant,
Additional Warrant Shares. In consideration of the Extension, Rapid Link shall grant to Lender additional warrant shares (the "Additional Warrant Shares") in accordance with the terms and conditions of the Common Stock Purchase Warrant attached hereto as Exhibit "A" (the "New Warrant"). The Additional Warrant Shares described in Clause (b) in the first page of the New Warrant are in addition to the Warrant Shares described in Clause (c) in the first page of the Warrant.
Additional Warrant Shares. Borrower shall deliver to Holder the Borrower’s stock purchase warrant for the purchase of 109,649 shares of the Borrower’s common stock at the exercise price of $1.14 per share on the same terms and conditions as the Stock Purchase Warrant issued to Holder concurrently with the execution and delivery of this Note.
Additional Warrant Shares. The obligation of the Company hereunder including the time period set forth herein shall apply, mutis mutandis, to the Additional Warrant Shares upon issuance of the Additional Warrants.
Additional Warrant Shares. In the event that the price at which the Company's Common Stock is offered in the Company's initial public offering is less than $8.00 ("Reduced Price"), then, in such event, the aggregate number of Warrant Shares issuable upon exercise of this Warrant will be increased to the lesser of (i) 1.5 times the Initial Number and (ii) the quotient obtained by dividing (a) $3.72 times the Initial Number by (b) the difference between the Reduced Price and $4.28.
Additional Warrant Shares. 3.6 The Company shall make each payment hereunder and under the Notes, unconditionally in full without set-off, counterclaim or, to the extent permitted by applicable law, other defense. Each payment shall be made on the day when due to each Lender in United States Dollars and in same day funds, or such other funds as shall be separately agreed upon by the Company and the Lenders, in accordance with the Lenders' payment instructions.
Additional Warrant Shares. In addition to the Warrant Shares issued upon conversion of this Warrant, from time to time after conversion of this Warrant and at all times prior to completion of a Public Offering, MCAF will issue to the Fund the Additional Warrant Shares. Additional Warrant Shares will be deemed issued as of the date of the event giving rise to their issuance, notwithstanding that the certificates therefor may be issued as of a later date.
Additional Warrant Shares. If after the Registration Statement registering the Warrant Shares required by Section 2(a) of the Registration Rights Agreement has been declared effective by the Securities and Exchange Commission, (i)(A) sales of Warrant Shares can no longer be made pursuant to such Registration Statement, (B) such Registration Statement is no longer effective, or (C) the Common Stock is not listed or included for quotation on the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange or the American Stock Exchange and (ii) the Holder no longer holds any portion of the Notes (or Conversion Shares into which they have been converted) (each of such events, a “Default Event”) and such Default Event exists without interruption for more than five
