Exchange by Holder of Warrants for Shares of Common Stock. 5.1.1. In the event an Underwritten Offering has not been completed on or before June 30, 2006, the Holder and the Company agree that the Holder will exchange its Warrants for Exchange Shares on the first Business Day following June 30, 2006 (herein such date is referred to as the "Warrant Exchange Date"). Subject to the terms and conditions of this Agreement, the Holder agrees to transfer and assign to the Company on the Warrant Exchange Date the Holder Warrants in exchange for Exchange Shares at the exchange rate of three (3) warrants for each one (1)
Appears in 4 contracts
Samples: Recapitalization Agreement (Black Warrior Wireline Corp), Recapitalization Agreement (Underbrink Charles E), Recapitalization Agreement (SJMB Lp)
Exchange by Holder of Warrants for Shares of Common Stock. 5.1.1. In the event an Underwritten Offering has not been completed on or before June 30, 2006, the Holder and the Company agree that the Holder will exchange its Warrants for Exchange Shares on the first Business Day following June 30, 2006 (herein such date is referred to as the "Warrant Exchange Date"). Subject to the terms and conditions of this Agreement, the Holder agrees to transfer and assign to the Company on the Warrant Exchange Date the Holder Warrants in exchange for Exchange Shares at the exchange rate of three (3) warrants Warrants for each one (1)
Appears in 4 contracts
Samples: Recapitalization Agreement (Underbrink Charles E), 2 Recapitalization Agreement (Black Warrior Wireline Corp), Recapitalization Agreement (St James Capital Partners Lp)
