Common use of Commitment Warrants Clause in Contracts

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit U, or such other form as agreed upon by the parties, to purchase 1,000,000 shares of Common Stock. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Price, and shall have a tern beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 2 contracts

Samples: Investment Agreement (New Millennium Media International Inc), Investment Agreement (New Millennium Media International Inc)

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Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6April 27, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit U, or such other form as agreed upon by the parties, to purchase 1,000,000 2,400,000 shares of Common Stock. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Price, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 2 contracts

Samples: Investment Agreement (Cosmoz Com Inc/Ca), Investment Agreement (Cosmoz Com Inc/Ca)

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 617, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit U, or such other form as agreed upon by the parties, to purchase 1,000,000 625,000 shares of Common Stock. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Price, and shall have a tern term beginning on the date of issuance and ending on the date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement Statment is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 2 contracts

Samples: Investment Agreement (Technical Chemicals & Products Inc), Investment Agreement (Technical Chemicals & Products Inc)

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6May 16, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit U, or such other form as agreed upon by the parties, to purchase 1,000,000 7,000,000 shares of Common Stock. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Pricein accordance with its terms, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 2 contracts

Samples: Investment Agreement (Meditech Pharmaceuticals Inc), Investment Agreement (Meditech Pharmaceuticals Inc)

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6July 10, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit EXHIBIT U, or such other form as agreed upon by the parties, to purchase 1,000,000 904,000 shares of Common Stock. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Pricein accordance with its terms, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 1 contract

Samples: Investment Agreement (Timebeat Com Enterprises Inc /)

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6June 19, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit EXHIBIT U, or such other form as agreed upon by the parties, to purchase 1,000,000 3,450,000 shares of Common Stock. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Pricein accordance with its terms, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 1 contract

Samples: Investment Agreement (Thehealthchannel Com Inc)

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6September 7, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit EXHIBIT U, or such other form as agreed upon by the parties, to purchase 1,000,000 1,200,000 shares of Common Stock. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Pricein accordance with its terms, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 1 contract

Samples: Investment Agreement (Tengtu International Corp)

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6May 2, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit EXHIBIT U, or such other form as agreed upon by the parties, to purchase 1,000,000 648,000 shares of Common Stock. .. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Price, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 1 contract

Samples: Investment Agreement (Salesrepcentral Com Inc)

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6May 31, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit U, or such other form as agreed upon by the parties, to purchase 1,000,000 500,000 shares of Common Stock, subject to the terms of the Commitment Warrant. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Pricein accordance with its terms, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied is not declared effective by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 1 contract

Samples: Investment Agreement (Delta Petroleum Corp/Co)

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6July 12, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit U, or such other form as agreed upon by the parties, to purchase 1,000,000 5,490,000 shares of Common Stock. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Pricein accordance with its terms, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 1 contract

Samples: Investment Agreement (Ivoice Com Inc /De)

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Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6April 14, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit U, or such other form as agreed upon by the parties, to purchase 1,000,000 490,000 shares of Common Stock. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Price, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the SEC declares the Registration Statement is approved effective or denied by declines to declare the SECRegistration Statement effective, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 1 contract

Samples: Investment Agreement (Gamecom Inc)

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6June 19, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit EXHIBIT U, or such other form as agreed upon by the parties, to purchase 1,000,000 3,450,000 shares of Common Stock. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Pricein accordance with its terms, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this AgreementNOTWITHSTANDING ANY TERMINATION OR AUTOMATIC TERMINATION OF THIS AGREEMENT, regardless of whether or not the Registration Statement is or is not filedREGARDLESS OF WHETHER OR NOT THE REGISTRATION STATEMENT IS OR IS NOT FILED, and regardless of whether or not the Registration Statement is approved or denied by the AND REGARDLESS OF WHETHER OR NOT THE REGISTRATION STATEMENT IS APPROVED OR DENIED BY THE SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunderTHE INVESTOR SHALL RETAIN FULL OWNERSHIP OF THE COMMITMENT WARRANT AS PARTIAL CONSIDERATION FOR ITS COMMITMENT HEREUNDER.

Appears in 1 contract

Samples: Investment Agreement (Thehealthchannel Com Inc)

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6April 4, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit EXHIBIT U, or such other form as agreed upon by the parties, to purchase 1,000,000 445,000 shares of Common Stock. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise PricePrice as defined in the Commitment Warrant, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 1 contract

Samples: Investment Agreement (College Bound Student Alliance Inc)

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March 6October 3, 2000 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit EXHIBIT U, or such other form as agreed upon by the parties, to purchase 1,000,000 878,455 shares of Common Stock. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Pricein accordance with its terms, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 1 contract

Samples: Investment Agreement (Summedia Com Inc)

Commitment Warrants. In partial consideration hereof, following the execution of the Letter of Agreement dated on or about March February 6, 2000 2001 between the Company and the Investor, the Company issued and delivered to Investor or its designated assignees, warrants (the "Commitment Warrants") in the form attached hereto as Exhibit UEXHIBIT P, or such other form as agreed upon by the parties, to purchase 1,000,000 a number of shares of Common StockStock equal to 7% of the number of fully diluted outstanding shares of Common Stock after accounting for the Merger. Each Commitment Warrant shall be immediately exercisable at the Commitment Warrant Exercise Pricein accordance with its terms, and shall have a tern term beginning on the date of issuance and ending on date that is five (5) years thereafter. The Warrant Shares shall be registered for resale pursuant to the Registration Rights Agreement. The Investment Commitment Opinion of Counsel shall cover the issuance of the Commitment Warrant and the issuance of the common stock upon exercise of the Commitment Warrant. Notwithstanding any Termination or Automatic Termination of this Agreement, regardless of whether or not the Registration Statement is or is not filed, and regardless of whether or not the Registration Statement is approved or denied is not declared effective by the SEC, the Investor shall retain full ownership of the Commitment Warrant as partial consideration for its commitment hereunder.

Appears in 1 contract

Samples: Investment Agreement (Cachestream Corp)

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