Class A Warrants Sample Clauses
Class A Warrants. On the Closing Date, the Company will issue and deliver Class A Warrants to the Subscribers. Fifty
Class A Warrants. On the Closing Date, the Company will issue and deliver Class A Warrants to the Subscribers. One Class A Warrant will be issued for each $0.75 of Purchase Price paid by a Subscriber on a Closing Date. The exercise price to acquire a Warrant Share upon exercise of a Class A Warrant shall be $0.50, subject to reduction as described in the Class A Warrant. The Class A Warrants shall be exercisable until three years after the Closing Date.
Class A Warrants. On the Closing Date, the Company will issue and deliver Class A Warrants to the Subscribers. One Class A Warrant will be issued for each Share which would be issued on the Closing Date assuming the complete conversion of the Notes issued on the Closing Date at the Conversion Price in effect on the Closing Date. The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Class A Warrant shall be equal to 115% of the closing bid price of the Common Stock as reported by Bloomberg LP for the Principal Market (as hereinafter defined) for the last trading day preceding the Closing Date. The Class A Warrants shall be exercisable until five (5) years after the Closing Date.
Class A Warrants. On the Closing Date, the Company will issue and deliver Class A Warrants to the Subscribers. One Class A Warrant will be issued for each Share which would be issued on the Closing Date assuming the complete conversion of the Notes issued on the Closing Date at the Conversion Price in effect on the Closing Date. The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Class A Warrant shall be equal to $0.0115. The Class A Warrants shall be exercisable until five (5) years after the Closing Date.
Class A Warrants. (a) As additional consideration to the Lender for making the Loan, the Company shall issue and deliver to the Lender one of its Class A Warrants, pursuant to which the Lender will be entitled to purchase one hundred thousand (100,000) shares of the Company's Common Stock, 1/10th Cent (.001) par value, at a purchase price of $.50 per share, upon the terms and conditions set forth in the Class A Warrant, a copy of which is attached to this Subordinated Loan Agreement as Exhibit B.
(b) The Lender acknowledges that he has been advised by the Company that the Class A Warrant which he is entitled to receive to purchase one hundred thousand (100,000) shares of the Company's Common Stock is one of a series of Class A Warrants which the Company has issued or will issue to persons who have made loans to the Company entitling the holders thereof, including the Lender, to purchase in aggregate three million eight hundred seventy-five thousand two hundred fifty (3,875,250) shares of the Company's common stock.
Class A Warrants. Each Class A Warrant entitles the holder thereof to purchase one (1) share of Common Stock at a price of $1.00 per share, through and including December 31, 2018. The Warrants are redeemable by the Company, upon thirty (30) days notice, at a price of $.05 per Warrant, provided the average of the closing bid price of the Common Stock, as reported by the National Association of Securities Dealers Automated Quotation (“NASDAQ”) System (or the average of the last sale price if the Common Stock is then listed on the NASDAQ National Market System or a securities exchange), shall equal or exceed $2.00 per share (subject to adjustment) for 10 consecutive trading days prior to the date on which the Company gives notice of redemption. The holders of Warrants called for redemption have exercise rights until the close of business on the date fixed for redemption. The exercise price and number of shares of Common Stock or other securities issuable on exercise of the Warrants are subject to adjustment in certain circumstances, including in the event of a stock dividend, recapitalization, reorganization, merger or consolidation of the Company. However, no Warrant is subject to adjustment for issuances of Common Stock at a price below the exercise price of that Warrant. The Warrants may be exercised upon surrender of the Warrant certificate on or prior to the expiration date at the offices of the Company, with the exercise form on the reverse side of the certificate completed and executed as indicated, accompanied by full payment of the exercise price (by certified check payable to the Company) to the Company for the number of Warrants being exercised. The Warrant holders do not have the rights or privilege of holders of Common Stock. Warrants are generally more speculative than the shares of Common Stock purchasable upon the exercise thereof. Historically, the percentage increase or decrease in the market price of a Warrant has tended to be greater than the percentage increase or decrease in the market price of the underlying common shares. Warrants may become valueless, or of reduced value, if the market price of the shares of Common Stock decreases, or increases only modestly, over the term of the Warrants. The Company has no present intent to have the warrants trade in any market. No fractional shares will be issued upon exercise of the Warrants. However, if a Warrant holder exercises all Warrants then owned of record by him, the Company will pay to such Warrant holde...
Class A Warrants. On each Closing Date, the Company will issue and deliver Class A Warrants to the Subscribers. One Class A Warrant will be issued to each Subscriber for each Share which would be issued to such Subscriber on any such Closing Date assuming the complete conversion of the Notes issued on such Closing Date at the Conversion Price in effect on such Closing Date assuming such Closing Date were a Conversion Date. The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Class A Warrant shall be equal to 120% of the closing bid price on the Initial Closing Date as reported by Bloomberg L.P. for the Principal Market (as hereinafter defined) for the last trading day preceding the Closing Date, subject to reduction as described in the Class A Warrant. In no event shall the exercise price be greater than $0.50. The Class A Warrants shall be exercisable until five (5) years after each Closing Date.
Class A Warrants. Advantage hereby elects to exercise that number of Class A Warrants pursuant to a cashless exercise pursuant to Section 4 of the Class A Warrants resulting in a net election in the amount of 22,142,848 shares of restricted Common Stock of Company (the "Shares"), and the Company hereby agrees to deliver a certificate representing the Shares at the Closing (defined below).
Class A Warrants. The undersigned hereby acknowledges that this exchange was initiated by the undersigned upon the terms made available by the Company in its exchange offer dated July 11, 1997.
Class A Warrants. On the Closing Date, the Company will issue and deliver Class A warrants (the "Class A Warrants") to the Subscribers. One Class A Warrant will be issued for each Share which would be issued on the Closing Date assuming the complete conversion of the Notes issued on such Closing Date at the Conversion Price in effect on the Closing Date assuming such Closing Date were a Conversion Date. The per Warrant Share exercise price to acquire a Warrant Share upon exercise of a Class A Warrant shall be equal to 125% of the average of the closing bid prices for the Common Stock as reported by Bloomberg L.P. for the Principal Market [as defined in Section 9(b)] for the five trading days preceding the Closing Date. The Class A Warrants shall be exercisable until five (5) years after the Closing Date. The Class A Warrant will be exercisable on a cashless basis as described in the Class A Warrant. The Class A Warrants are referred to herein as "Warrants".