Warrant Cancellation. The Company shall have (without violation of Section 5.2(d)) obtained the cancellation or other extinguishment (as evidenced by customary documentation) of warrants to purchase Ordinary Shares, such that no more than 8,768,979 Ordinary Shares remain subject to warrants or rights to purchase (other than Company Equity Awards under the Company Share Plans).
Warrant Cancellation. In connection with the consummation of the Transactions, the Sponsor agrees that, upon and subject to the occurrence of the Closing, the Sponsor shall automatically forfeit and cancel, without any further action by the Sponsor or any other Person, all of the SPAC Warrants that are held by the Sponsor (the “Sponsor Warrants”).
Warrant Cancellation. If all obligations and liabilities owing by the Company to the Holder under the Note, the Purchase Agreement and/or any other Related Agreement have been repaid in full on or before (a) six (6) months from the date hereof, the Holder shall surrender this Warrant for cancellation and shall issue a new Warrant to Holder in the face amount of this Warrant less fifty percent (50%) of the shares otherwise issuable under this Warrant, or (b) twelve (12) months from the date hereof, the Holder shall surrender this Warrant for cancellation and shall issue a new Warrant to Holder in the face amount of this Warrant less twenty-five percent (25%) of the shares otherwise issuable under this Warrant.
Warrant Cancellation. If the Obligations (as defined in the Security Agreement referred to in the Reaffirmation Agreement dated as of the issue date hereof among the Holder, the Company, and certain of the subsidiaries of the Company) have been repaid in full on or before (a) six (6) months from the date hereof, the Holder shall surrender this Warrant for cancellation and shall issue a new Warrant to Holder in the face amount of this Warrant less thirty percent (30%) of the shares otherwise issuable under this Warrant, (b) more than six months but fewer than nine (9) months from the date hereof, the Holder shall surrender this Warrant for cancellation and shall issue a new Warrant to Holder in the face amount of this Warrant less twenty percent (20%) of the shares otherwise issuable under this Warrant; (c) more than nine (9) months but fewer than twelve (12) months from the date hereof, the Holder shall surrender this Warrant for cancellation and shall issue a new Warrant to Holder in the face amount of this Warrant less ten percent (10%) of the shares otherwise issuable under this Warrant; and (d) more than twelve (12) months but fewer than eighteen (18) months from the date hereof, the Holder shall surrender this Warrant for cancellation and shall issue a new Warrant to Holder in the face amount of this Warrant less five percent (5%) of the shares otherwise issuable under this Warrant.
Warrant Cancellation. The Sponsor hereby agrees that, immediately prior to the Effective Time, but subject to consummation of the Merger, all of the Private Placement Warrants, which are owned of record by the Sponsor, shall be surrendered to SPAC for no consideration and cancelled by SPAC effective as of immediately prior to the Effective Time.
Warrant Cancellation. Contemporaneously with exchange of the Notes pursuant to Section 1.1 and without any further action on the part of the Company or the Holder, the Warrant shall be terminated and cancelled and shall no longer be exercisable and the Holder shall automatically be deemed to have released any and all rights it has or may have had in, and in respect of, the Warrant, including related contractual rights.
Warrant Cancellation. This letter agreement referred to in Section 3.1(e) executed by the Company and First Union Corporation.
(c) On the Closing Date, Concentra shall pay, or cause to be paid, the NHR Indebtedness and all accrued and unpaid interest thereon; provided, however, that Concentra, at its option, may elect to pay or assume (i) any or all Capital Lease Obligations and (ii) the obligations of the Company and its Subsidiaries arising under the Hedge Agreement. On the Closing Date, Concentra shall assume the Company's obligations under the First Union Letters of Credit and shall deliver replacement letters of credit for those obligations to Milbank, Tweed, Xxxxxx & XxXxxx at the Closing for subsequent delivery to The CIT Group, Inc. and Woodbridge Officer Tower LLC.
Warrant Cancellation. Subject to the provisions of Paragraph 2 below, the C and the D Warrants shall be cancelled and broadcast shall issue to Xxxxxxx in exchange for such Warrants the sum of 650,000 shares (the “Shares”) of Broadcast common stock. If at any time after the date of this agreement, Broadcast shall determine to prepare and file with the SEC a Registration Statement to register any of its securities under the 1933 Securities Act, then Broadcast shall include all of the Shares in such registration.
Warrant Cancellation. Shareholder agrees that, in consideration of the payment to him of the Merger Consideration with respect to the warrants ("Warrants") owned by him to purchase 3,260 shares of common stock of ZMP, Inc., upon payment of the Merger Consideration, all Warrants will be canceled and none of Buyer, Acquisition, Surviving Corporation nor ZMP will have any further liability or obligation to the undersigned with respect to the Warrants or any agreement, understanding or commitment related thereto. Shareholder further agrees that he will not exercise his Warrants for so long as this Agreement is in effect.
Warrant Cancellation. Within thirty (30) calendar days following the Closing, 35,500,000 of the Parent’s issued and outstanding Class A Warrants, 35,500,000 of the Parent’s issued and outstanding Class B Warrants, 35,500,000 of the Parent’s issued and outstanding Class C Warrants, and 35,500,000 of the Parent’s issued and outstanding Class D Warrants, will be returned to the Parent and cancelled (the “Warrant Cancellation”).
