Bridge Warrants. The Lender shall have received validly issued Initial Bridge Warrants, evidencing its right to acquire shares of Common Stock on the terms and conditions set forth therein.
Bridge Warrants. The Lender shall have received validly issued Subsequent Bridge Warrants evidencing its right to acquire shares of Common Stock on the terms and conditions set forth therein in substantially the applicable form of Exhibit E, in each case with such revisions as are contemplated therein made in a manner satisfactory to both the Lender and the Borrower.
Bridge Warrants. JetFax shall have received from the Bridge Holders --------------- an executed original of each Bridge Warrant marked cancelled by the holder of such Bridge Warrant.
Bridge Warrants. Bridge Warrants" shall mean the warrants issued by DocuMagix in connection with the Bridge Notes, all of which are individually identified on Part 2.3(b) of the Disclosure Schedule, each such warrant being a "Bridge Warrant."
Bridge Warrants. At the Closing the Company shall issue to each Investor that purchases the full amount of its Second Pro Rata Allocation (as defined below) (a “Super Pro Rata Investor”), a Bridge Warrant, in substantially the form attached hereto as Exhibit C (the “Bridge Warrant”).
(a) In the event that not all Investors purchase their respective Pro Rata Allocation, then each Investor that purchases at least its Pro Rata Allocation will be entitled to subscribe for its pro rata portion (as based on its Pro Rata Allocation) of the remaining Maximum Allocation (the “Second Pro Rata Allocation”). Each Investor that purchases its full Pro Rata Allocation and Second Pro Rata Allocation shall be deemed a “Super Pro Rata Investor”. Schedule I will indicate whether or not an Investor is a Super Pro Rata Investor.
(b) Each Bridge Warrant will represent the right to purchase that number of Conversion Shares as is equal to fifty percent (50%) of the principal amount of the Note purchased by the Super Pro Rata Investor divided by the Conversion Price (as defined in the Notes). The Company and the Investors, as a result of arm’s length bargaining, agree that (i) neither the Investors nor any of their partners, members, stockholders, employees or affiliates has rendered or agreed to render any services to the Company in connection with this Agreement or the issuance of the Notes and the Bridge Warrants; (ii) the Notes and the Bridge Warrants are not being issued as compensation; and (iii) the assumed price at which the Notes would be issued if they were issued apart from the Bridge Warrants is 99% of the principal amount of the Notes.
Bridge Warrants. Provided the Merger has closed and the first closing of the PIPE has occurred, the Company shall cause Pubco to issue to each Buyer Bridge Warrants to purchase a number of shares of Pubco Common Stock equal to fifty percent (50%) of (i) the Subscription Amount with respect to such Buyer, divided by (ii) the Conversion Price. The Bridge Warrants shall be substantially in the form attached as Exhibit B to this Agreement.
Bridge Warrants. At the Merger Effective Time the two outstanding warrants issued as of October 3, 2005 in connection with notes issued by the Company on such date (each a “Bridge Warrant”), shall be, in connection with the Merger, assumed by Parent, provided, however, that in compliance with the terms of each Bridge Warrant, such Bridge Warrant shall be replaced with a warrants for 333,333 shares of Parent Common Stock in total, or 166,666 per Bridge Warrant, with terms and conditions of such replacement warrants to be the same as the warrants issued in the PPO other than the initial exercise price shall be $4.50 per share and the warrant term shall terminate on October 3, 2008.
Bridge Warrants. As soon as practicable, at or after the Merger Effective Time and upon surrender of the each original Bridge Warrant to the Parent (or, in case either such Bridge Warrant shall be lost, stolen or destroyed, an affidavit of that fact by the holder thereof) Parent shall deliver to the holder thereof the replacement warrant that the holder thereof shall be entitled to receive pursuant to Section 1.5 hereof. As of the Merger Effective Time, the Bridge Warrant shall no longer be outstanding and shall automatically be canceled and terminated, shall be deemed at and after the Merger Effective Time to represent only the right to receive upon surrender as aforesaid the replacement warrant consideration specified in Section 1.5 hereof.
Bridge Warrants. Promptly after the Closing Date, the Company will send to each holder of Bridge Warrants written notice of the assumption of the Bridge Warrants and the requirements for issuance of replacement warrants with respect thereto in accordance with Section 1.5(c).
Bridge Warrants. Provided the Merger and the Minimum PIPE have closed, the Company shall issue to each Buyer Bridge Warrants to purchase a number of shares of Pubco Common Stock equal to one hundred percent (100%) of the number of shares of Pubco Common Stock comprising the Conversion Units, exercisable at a price of $0.35 per share, exercisable for two (2) years from the closing of the Merger. The Bridge Warrants will have weighted average anti-dilution protection. The Bridge Warrants shall be substantially in the form attached as Exhibit C to this Agreement.
