Common use of Insider Warrant Exercises Clause in Contracts

Insider Warrant Exercises. The Company hereby acknowledges and agrees that, if the Warrants are called for redemption, so long as the Insider Warrants are held by the Insider Purchasers or their affiliates, such Warrants shall be exercisable by the holder by surrendering such Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value. The “Fair Market Value” shall mean the average reported last sale price of the Common Stock for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of Warrants.

Appears in 14 contracts

Samples: Underwriting Agreement (Rand Acquisition Corp. II), Underwriting Agreement (Rand Acquisition Corp. II), Underwriting Agreement (Rand Acquisition Corp. II)

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Insider Warrant Exercises. The Company hereby acknowledges and agrees that, if the Warrants are called for redemption, so long as the Insider Warrants are held by the Insider Purchasers Fortune Management or their its affiliates, such Warrants shall be exercisable by the holder by surrendering such Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value. The “Fair Market Value” shall mean the average reported last sale price of the Common Stock for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders the holder of the Warrants.

Appears in 4 contracts

Samples: Underwriting Agreement (Global Alternative Asset Management, Inc.), Underwriting Agreement (Global Alternative Asset Management, Inc.), Underwriting Agreement (Global Alternative Asset Management, Inc.)

Insider Warrant Exercises. The Company hereby acknowledges and agrees that, if in the event the Company calls the Warrants are called for redemptionredemption pursuant to the Warrant Agreement, so long as the Insider Warrants are held may be exercised by the Insider Purchasers Purchaser or their affiliates, such Warrants shall be exercisable by the holder its affiliates by surrendering such the Insider Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Insider Warrants, multiplied by the difference between the Warrant Price and the "Fair Market Value" (defined below) by (y) the Fair Market Value. The "Fair Market Value" shall mean the average reported last sale price of the Common Stock for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of Warrants.

Appears in 4 contracts

Samples: Underwriting Agreement (Renaissance Acquisition Corp.), Underwriting Agreement (Renaissance Acquisition Corp.), Underwriting Agreement (Renaissance Acquisition Corp.)

Insider Warrant Exercises. The Company hereby acknowledges and agrees that, if in the event the Company calls the Warrants are called for redemptionredemption pursuant to the Warrant Agreement, so long as the Insider Warrants are held may be exercised by the Insider Purchasers Taliera Holdings, LLC or their affiliates, such Warrants shall be exercisable by the holder its affiliates by surrendering such Warrants warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrantswarrants, multiplied by the difference between the Warrant Price and the "Fair Market Value" (defined below) by (y) the Fair Market Value. The "Fair Market Value" shall mean the average reported last sale price of the Common Stock for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of Warrants.

Appears in 3 contracts

Samples: Underwriting Agreement (Taliera CORP), Underwriting Agreement (Taliera CORP), Underwriting Agreement (Taliera CORP)

Insider Warrant Exercises. The Company hereby acknowledges and agrees that, if the Warrants are called for redemption, so long as the Insider Warrants are held by the Insider Purchasers Purchaser or their its affiliates, such Warrants shall be exercisable by the holder by surrendering such Warrants for that number of shares of Common Stock Ordinary Shares equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock Ordinary Shares underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value. The “Fair Market Value” shall mean the average reported last sale price of the Common Stock Ordinary Shares for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of Warrants.

Appears in 2 contracts

Samples: Underwriting Agreement (CS China Acquisition Corp.), Underwriting Agreement (CS China Acquisition Corp.)

Insider Warrant Exercises. The Company hereby acknowledges and agrees that, if in the event the Company calls the Warrants are called for redemptionredemption pursuant to the Warrant Agreement, so long as the Insider Warrants are held may be exercised by the Insider Purchasers or their affiliates, such Warrants shall be exercisable by the holder affiliates by surrendering such the Insider Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Insider Warrants, multiplied by the difference between the Warrant Price and the "Fair Market Value" (defined below) by (y) the Fair Market Value. The "Fair Market Value" shall mean the average reported last sale price of the Common Stock for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of Warrants.

Appears in 2 contracts

Samples: Underwriting Agreement (Renaissance Acquisition Corp.), Underwriting Agreement (Renaissance Acquisition Corp.)

Insider Warrant Exercises. The Company hereby acknowledges and agrees that, if in the event the Company calls the Warrants are called for redemptionredemption pursuant to the Warrant Agreement, so long as the Insider Warrants are held may be exercised by the Insider Purchasers or their affiliates, such Warrants shall be exercisable by the holder its affiliates by surrendering such the Insider Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Insider Warrants, multiplied by the difference between the Warrant Price and the "Fair Market Value" (defined below) by (y) the Fair Market Value. The "Fair Market Value" shall mean the average reported last sale price of the Common Stock for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of Warrants.

Appears in 2 contracts

Samples: Underwriting Agreement (Geneva Acquisition Corp), Underwriting Agreement (Geneva Acquisition Corp)

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Insider Warrant Exercises. The Company hereby acknowledges and agrees that, if the Warrants are called for redemption, so long as the Insider Warrants are held by the Insider Purchasers or their affiliates, such Warrants shall be exercisable by the holder by surrendering such Warrants for that number of shares of Common Stock Ordinary Shares equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock Ordinary Shares underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value. The “Fair Market Value” shall mean the average reported last sale price of the Common Stock Ordinary Shares for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of Warrants.

Appears in 1 contract

Samples: Underwriting Agreement (CS China Acquisition Corp.)

Insider Warrant Exercises. The Company hereby acknowledges and agrees that, if the Warrants are called for redemption, so long as the Warrants underlying the Insider Units or the Insider Warrants are held by the Insider Purchasers Purchaser or their her affiliates, such Warrants shall be exercisable by the holder by surrendering such Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value. The “Fair Market Value” shall mean the average reported last sale price of the Common Stock for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of Warrants.

Appears in 1 contract

Samples: Underwriting Agreement (East India CO Acquisition Corp.)

Insider Warrant Exercises. The Company hereby acknowledges and agrees that, if in the event the Company calls the Warrants are called for redemptionredemption pursuant to the Warrant Agreement, so long as the Insider Warrants are held may be exercised by Taliera Holdings, LLC or its affiliates by surrendering the Insider Purchasers or their affiliates, such Warrants shall be exercisable by the holder by surrendering such Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Insider Warrants, multiplied by the difference between the Warrant Price and the "Fair Market Value" (defined below) by (y) the Fair Market Value. The "Fair Market Value" shall mean the average reported last sale price of the Common Stock for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of Warrants.

Appears in 1 contract

Samples: Underwriting Agreement (Taliera CORP)

Insider Warrant Exercises. The Company hereby acknowledges and agrees that, if in the event the Company calls the Warrants are called for redemptionredemption pursuant to the Warrant Agreement, so long as the Insider Warrants are held may be exercised by the Insider Purchasers Purchaser or their affiliates, such Warrants shall be exercisable by the holder its affiliates by surrendering such the Insider Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Insider Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value. The “Fair Market Value” shall mean the average reported last sale price of the Common Stock for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of the Warrants.

Appears in 1 contract

Samples: Underwriting Agreement (Columbus Acquisition Corp)

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