Common use of Redemption For Cash Clause in Contracts

Redemption For Cash. All, but not less than all, of the outstanding Warrants may be redeemed for cash, at the option of the Company, at any time during the Exercise Period, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.2 below, at a Redemption Price (as defined below) of $0.01 per Warrant, provided that the last reported sale price of the Common Stock reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), for any twenty (20) trading days within a thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the issuance of the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to Section 3.3.1 or 7.4 hereof.

Appears in 3 contracts

Samples: Warrant Agreement (Nabors Energy Transition Corp.), Warrant Agreement (Nabors Energy Transition Corp.), Warrant Agreement (Nabors Energy Transition Corp.)

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Redemption For Cash. All, but not less than all, of the outstanding Warrants may be redeemed for cash, at the option of the Company, at any time during the Exercise Period, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.2 belowhereof, at a Redemption Price (as defined below) of $0.01 per Warrant, provided that the last reported sale price of the Common Stock reported Ordinary Shares has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), for any on each of twenty (20) trading days within a the thirty (30) trading-trading day period ending on the third (3rd) trading day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the issuance of the shares of Class A Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 belowhereof) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to Section 3.3.1 or 7.4 hereof.

Appears in 2 contracts

Samples: Warrant Agreement (Beard Energy Transition Acquisition Corp.), Warrant Agreement (Beard Energy Transition Acquisition Corp.)

Redemption For Cash. All, but not less than all, of the outstanding Warrants may be redeemed for cash, at the option of the Company, at any time during the Exercise Period, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.2 belowhereof, at a Redemption Price (as defined below) of $0.01 per Warrant, provided that the last reported sale price of the Common Stock reported Ordinary Shares has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), for any on each of twenty (20) trading days within a the thirty (30) trading-trading day period ending on the third (3rd) trading day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the issuance of the shares of Common Stock Ordinary Shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 belowhereof) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to Section 3.3.1 or 7.4 hereof.

Appears in 2 contracts

Samples: Warrant Agreement (Decarbonization Plus Acquisition Corp V), Warrant Agreement (Spartan Acquisition Corp. IV)

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Redemption For Cash. All, but not less than all, of the outstanding Warrants may be redeemed for cash, at the option of the Company, at any time during the Exercise Period, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.2 belowhereof, at a Redemption Price (as defined below) of $0.01 per Warrant, provided that the reported last reported sale price of the Common Stock reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), for any on each of twenty (20) trading days within a the thirty (30) trading-trading day period ending on the third (3rd) trading day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the issuance of the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 belowhereof) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to Section 3.3.1 or 7.4 hereof.

Appears in 1 contract

Samples: Warrant Agreement (Switchback III Corp)

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