Early Redemption. Prior to the Warrant Maturity Date, provided that no Trigger Event has occurred, the Company will have the right at any time upon 30 Trading Days’ prior written notice, in its sole and absolute discretion, to redeem all or any portion of this Warrant then outstanding by paying Investor in cash an amount (the “Early Redemption Price”) equal to the sum of the following: (a) 100% of the Purchase Price for such unexercised portion of this Warrant, plus (b) the Conversion Premium thereon, minus (c) any Premium thereon that has been paid.
Appears in 8 contracts
Samples: Security Agreement (Lucas Energy, Inc.), Stock Purchase Agreement (Lucas Energy, Inc.), Securities Purchase Agreement (Lucas Energy, Inc.)
Early Redemption. Prior to the Warrant Interest Maturity Date, provided that no Trigger Event has occurred, the Company will have the right at any time upon 30 Trading Days’ prior written notice, in its sole and absolute discretion, to redeem all or any portion of this Warrant Debenture then outstanding by paying Investor in cash an amount per portion of Debenture (the “Early Redemption Price”) equal to the sum of the following: (a) 100% of the Purchase Price for such unexercised Face Value of the portion of this Warrantredeemed, plus (b) the Conversion Premium thereonfor the portion redeemed, minus (c) any Premium thereon Interest that has been paid, for the portion of the Debenture redeemed.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Lucas Energy, Inc.), Securities Purchase Agreement (Lucas Energy, Inc.), Debenture (Lucas Energy, Inc.)
