Common use of Company Election to Exchange Clause in Contracts

Company Election to Exchange. Notwithstanding any other provision in this Agreement to the contrary, all (and not less than all) of the outstanding Warrants may be exchanged, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the then outstanding Warrants, as described in Section 6A.2 below, for Class A ordinary shares (or any Alternative Issuance pursuant to Section 4.4), at the exchange rate of 0.18 Class A ordinary shares (or any Alternative Issuance pursuant to Section 4.4 for each Warrant held by the Registered Holder thereof (the “Consideration”) (subject to equitable adjustment by the Company in the event of any stock splits, stock dividends, recapitalizations or similar transaction with respect to the Class A ordinary shares). In lieu of issuing fractional shares, any Registered Holder of Warrants who would otherwise have been entitled to receive fractional shares as Consideration will, after aggregating all such fractional shares of such Registered Holder, receive one additional whole Class A ordinary share in lieu of such fractional shares.

Appears in 2 contracts

Samples: Warrant Agreement (REE Automotive Ltd.), Warrant Agreement (REE Automotive Ltd.)

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Company Election to Exchange. Notwithstanding any other provision in this Agreement to the contrary, all (and not less than all) of the outstanding Warrants may be exchanged, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the then outstanding Warrants, as described in Section 6A.2 6A.3 below, for shares of Class A ordinary shares Common Stock (or any Alternative Issuance pursuant to Section 4.4), at the exchange rate of 0.18 0.2475 shares of Class A ordinary shares Common Stock (or any Alternative Issuance pursuant to Section 4.4 4.4) for each Warrant held by the Registered Holder holder thereof (the “Consideration”) (subject to equitable adjustment by the Company in the event of any stock splits, stock dividends, recapitalizations or similar transaction with respect to the shares of Class A ordinary sharesCommon Stock). In lieu of issuing fractional shares, any Registered Holder holder of Warrants who would otherwise have been entitled to receive fractional shares as Consideration will, after aggregating all such fractional shares of such Registered Holderholder, receive one additional whole Class A ordinary share be paid in lieu of cash (without interest) in an amount equal to such fractional sharespart of a share multiplied by $5.60.

Appears in 1 contract

Samples: Warrant Agreement (Global Business Travel Group, Inc.)

Company Election to Exchange. Notwithstanding any other provision in this Agreement to the contrary, all (and not less than all) of the outstanding Warrants may be exchanged, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the then outstanding Warrants, as described in Section 6A.2 below, for Class A ordinary shares (or any Alternative Issuance pursuant to Section 4.44.5), at the exchange rate of 0.18 0.2655 Class A ordinary shares (or any Alternative Issuance pursuant to Section 4.4 4.5 for each Warrant held by the Registered Holder thereof (the “Consideration”) (subject to equitable adjustment by the Company in the event of any stock splits, stock dividends, recapitalizations or similar transaction with respect to the Class A ordinary shares). In lieu of issuing fractional shares, any Registered Holder of Warrants who would otherwise have been entitled to receive fractional shares as Consideration will, after aggregating all such fractional shares of such Registered Holder, receive one additional whole Class A ordinary share in lieu of such fractional shares.

Appears in 1 contract

Samples: Warrant Agreement (Babylon Holdings LTD)

Company Election to Exchange. Notwithstanding any other provision in this Agreement to the contrary, all (and not less than all) of the outstanding Warrants may be exchanged, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the then then-outstanding Warrants, as described in Section 6A.2 6A.3 below, for shares of Class A ordinary shares common stock (or any Alternative Issuance pursuant to Section 4.44.5), at the exchange rate of 0.18 0.225 shares of Class A ordinary shares common stock (or any Alternative Issuance pursuant to Section 4.4 4.5) for each Warrant held by the Registered Holder holder thereof (the “Consideration”) (subject to equitable adjustment by the Company in the event of any stock splits, stock dividends, recapitalizations recapitalizations, or similar transaction with respect to the shares of Class A ordinary sharescommon stock). In lieu of issuing fractional shares, any Registered Holder holder of Warrants who would otherwise have been entitled to receive fractional shares as Consideration will, after aggregating all such fractional shares of such Registered Holderholder, receive one additional whole Class A ordinary share be paid in lieu of cash (without interest) in an amount equal to such fractional sharespart of a share multiplied by $7.13.

Appears in 1 contract

Samples: Warrant Agreement (OPAL Fuels Inc.)

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Company Election to Exchange. Notwithstanding any other provision in this Agreement to the contrary, all (and not less than all) of the outstanding Warrants may be exchanged, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the then then-outstanding Warrants, as described in Section 6A.2 6A.3 below, for Class A ordinary shares of common stock (or any Alternative Issuance pursuant to Section 4.4), at the exchange rate of 0.18 Class A ordinary 0.225 shares of common stock (or any Alternative Issuance pursuant to Section 4.4 4.4) for each Warrant held by the Registered Holder holder thereof (the “Consideration”) (subject to equitable adjustment by the Company in the event of any stock splits, stock dividends, recapitalizations recapitalizations, or similar transaction with respect to the Class A ordinary sharesshares of common stock). In lieu of issuing fractional shares, any Registered Holder holder of Warrants who would otherwise have been entitled to receive fractional shares as Consideration will, after aggregating all such fractional shares of such Registered Holderholder, receive one additional whole Class A ordinary share be paid in lieu of cash (without interest) in an amount equal to such fractional sharespart of a share multiplied by $6.58.

Appears in 1 contract

Samples: Warrant Agreement (Granite Ridge Resources, Inc.)

Company Election to Exchange. Notwithstanding any other provision in this Agreement to the contrary, all (and not less than all) of the outstanding Warrants may be exchanged, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the then then-outstanding Warrants, as described in Section 6A.2 6A.3 below, for shares of Class A ordinary shares common stock (or any Alternative Issuance pursuant to Section 4.4), at the exchange rate of 0.18 0.2565 shares of Class A ordinary shares common stock (or any Alternative Issuance pursuant to Section 4.4 4.4) for each Warrant held by the Registered Holder holder thereof (the “Consideration”) (subject to equitable adjustment by the Company in the event of any stock splits, stock dividends, recapitalizations recapitalizations, or similar transaction with respect to the shares of Class A ordinary sharescommon stock). In lieu of issuing fractional shares, any Registered Holder holder of Warrants who would otherwise have been entitled to receive fractional shares as Consideration will, after aggregating all such fractional shares of such Registered Holderholder, receive one additional whole Class A ordinary share be paid in lieu of cash (without interest) in an amount equal to such fractional sharespart of a share multiplied by $5.34.

Appears in 1 contract

Samples: Warrant Agreement (Indie Semiconductor, Inc.)

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