Common use of ISSUANCE AND SALE OF THE WARRANT Clause in Contracts

ISSUANCE AND SALE OF THE WARRANT. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties hereinafter set forth, and in consideration for the execution and delivery of the Merger Agreement, CU hereby issues to Home one or more warrants (such warrants, together with any warrants issued pursuant to Section 1.4, the "Warrants") entitling the holder thereof to purchase in the aggregate 1,492,390 duly authorized and newly issued shares of Common Stock, subject to adjustment as provided below. The Warrants being issued at the time of the execution of this Agreement will be evidenced by a single certificate in the form of Exhibit A hereto. All Warrants issued pursuant to Section 1.4 will be evidenced by one or, at Home's request, more certificates in the form of Exhibit A hereto, dated the date of their issuance, exercisable at the adjusted exercise price at the time in effect for the Warrants issued pursuant to this Section 1.1.

Appears in 1 contract

Samples: Reorganization Agreement (Home Interstate Bancorp)

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ISSUANCE AND SALE OF THE WARRANT. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties hereinafter set forth, and in consideration for the execution and delivery of the Merger Agreement, CU Home hereby issues to Home CU one or more warrants (such warrants, together with any warrants issued pursuant to Section 1.4, the "Warrants") entitling the holder thereof to purchase in the aggregate 1,492,390 1,082,224 duly authorized and newly issued shares of Common Stock, subject to adjustment as provided below. The Warrants being issued at the time of the execution of this Agreement will be evidenced by a single certificate in the form of Exhibit A hereto. All Warrants issued pursuant to Section 1.4 will be evidenced by one or, at HomeCU's request, more certificates in the form of Exhibit A hereto, dated the date of their issuance, exercisable at the adjusted exercise price at the time in effect for the Warrants issued pursuant to this Section 1.1.

Appears in 1 contract

Samples: Reorganization Agreement (Home Interstate Bancorp)

ISSUANCE AND SALE OF THE WARRANT. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties hereinafter set forth, and in consideration for the execution and delivery of the Merger Agreement, CU BOH hereby issues to Home PCBG one or more warrants (such warrants, together with any warrants issued pursuant to Section 1.4, the "Warrants") entitling the holder thereof to purchase in the aggregate 1,492,390 210,800 duly authorized and newly issued shares of Common Stock, subject to adjustment as provided below. The Warrants being issued at the time of the execution of this Agreement will be evidenced by a single certificate in the form of Exhibit A hereto. All Warrants issued pursuant to Section 1.4 will be evidenced by one or, at HomePCBG's request, more certificates in the form of Exhibit A hereto, dated the date of their issuance, exercisable at the adjusted exercise price at the time in effect for the Warrants issued pursuant to this Section 1.1.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Pacific Community Banking Group)

ISSUANCE AND SALE OF THE WARRANT. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties hereinafter set forth, and in consideration for the execution and delivery of the Merger Agreement, CU hereby issues to Home one or more warrants (such warrants, together with any warrants issued pursuant to Section 1.4, the C-1 83 "Warrants") entitling the holder thereof to purchase in the aggregate 1,492,390 duly authorized and newly issued shares of Common Stock, subject to adjustment as provided below. The Warrants being issued at the time of the execution of this Agreement will be evidenced by a single certificate in the form of Exhibit A hereto. All Warrants issued pursuant to Section 1.4 will be evidenced by one or, at Home's request, more certificates in the form of Exhibit A hereto, dated the date of their issuance, exercisable at the adjusted exercise price at the time in effect for the Warrants issued pursuant to this Section 1.1.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Cu Bancorp)

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ISSUANCE AND SALE OF THE WARRANT. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties hereinafter set forth, and in consideration for the execution and delivery of the Merger Agreement, CU Home hereby issues to Home CU one or more warrants (such warrants, together with any warrants issued pursuant to Section 1.4, the D-1 110 "Warrants") entitling the holder thereof to purchase in the aggregate 1,492,390 1,082,224 duly authorized and newly issued shares of Common Stock, subject to adjustment as provided below. The Warrants being issued at the time of the execution of this Agreement will be evidenced by a single certificate in the form of Exhibit A hereto. All Warrants issued pursuant to Section 1.4 will be evidenced by one or, at HomeCU's request, more certificates in the form of Exhibit A hereto, dated the date of their issuance, exercisable at the adjusted exercise price at the time in effect for the Warrants issued pursuant to this Section 1.1.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Cu Bancorp)

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