Common use of Number and Exercise Price of Warrant Shares; Expiration Date Clause in Contracts

Number and Exercise Price of Warrant Shares; Expiration Date. Subject to the terms and conditions set forth herein and in the Warrant Agreement, each warrant entitles the Holder upon exercise to receive from the Company one fully paid and nonassessable share of Common Stock of the Company, as may be adjusted from time to time pursuant to the terms herein (the “Warrant Shares”), at an initial purchase price of $10.00 per share (the “Exercise Price”), on or after the earlier of (i) the date of effectiveness of the Resale Registration Statement (as such term is defined in the Securities Purchase Agreement) and (ii) December 3, 2020 (the six-month anniversary of June 3, 2020 (the “Date of Issuance”)), and on or before 5:00 p.m., Eastern Time, on April 6, 2025 (the “Expiration Date”) (subject to earlier termination as set forth herein).

Appears in 3 contracts

Samples: Securities Purchase Agreement (Great Ajax Corp.), Great Ajax Corp., Great Ajax Corp.

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Number and Exercise Price of Warrant Shares; Expiration Date. Subject to the terms and conditions set forth herein and in the Warrant Agreement, each warrant entitles the Holder upon exercise to receive from the Company one fully paid and nonassessable share of Common Stock of the Company, as may be adjusted from time to time pursuant to the terms herein (the “Warrant Shares”), at an initial purchase price of $10.00 per share (the “Exercise Price”), on or after the earlier of (i) the date of effectiveness of the Resale Registration Statement (as such term is defined in the Securities Purchase Agreement) and (ii) December 3November 7, 2020 (the six-month anniversary of June 3May 7, 2020 (the “Date of Issuance”)), and on or before 5:00 p.m., Eastern Time, on April 6, 2025 the fifth (5th) anniversary of the Date of Issuance (the “Expiration Date”) (subject to earlier termination as set forth herein).

Appears in 2 contracts

Samples: Great Ajax Corp., Great Ajax Corp.

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