Common use of The Bridge Warrants Clause in Contracts

The Bridge Warrants. The parties hereto hereby agree that as of the Effective Time the Bridge Warrants shall be amended such that (i) they collectively represent the right to purchase 93,750,000 shares of Common Stock at an exercise price of $0.025 per share, such warrants to be issued to Xxxxxx and the Xxxxx/Xxxxx Secured Parties pro rata according the respective principal amount of Bridge Notes that each such party holds as of the Effective Time. As of the Effective Time Section 3(b) of each of the Bridge Warrants shall be deleted and of no further force and effect.

Appears in 6 contracts

Samples: Master Restructuring Agreement (MedClean Technologies, Inc.), Master Restructuring Agreement (MedClean Technologies, Inc.), Master Restructuring Agreement (MedClean Technologies, Inc.)

AutoNDA by SimpleDocs

The Bridge Warrants. The parties hereto hereby agree that as of the Effective Time the Bridge Warrants shall be amended such that (i) they collectively represent the right to purchase 93,750,000 shares of Common Stock at an exercise price of $0.025 per share, such warrants to be issued to Xxxxxx Hxxxxx and the XxxxxPxxxx/Xxxxx Lxxxx Secured Parties pro rata according the respective principal amount of Bridge Notes that each such party holds as of the Effective Time. As of the Effective Time Section 3(b) of each of the Bridge Warrants shall be deleted and of no further force and effect.

Appears in 1 contract

Samples: Master Restructuring Agreement (MedClean Technologies, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!