WARRANT EXERCISE FEE Clause Samples
The Warrant Exercise Fee clause defines the fee that must be paid by a warrant holder when they choose to exercise their warrant rights to purchase underlying securities. Typically, this fee is set at a fixed amount or calculated based on the number of warrants exercised, and it is paid at the time the warrant is exercised. The core function of this clause is to specify the financial obligation associated with exercising warrants, ensuring both parties are clear on the costs involved and preventing disputes over payment terms.
WARRANT EXERCISE FEE. If the Representative provides written notice to the Company, at any time after 12 months from the effective date of the Registration Statement, that the Representative is electing to solicit the exercise of the Class A Warrants by the holders thereof, the Company will pay to the Representative a fee of 10% of the aggregate exercise price received by the Company as a result of the Representatives's solicitation of such holders, if (i) the market price of the Company's Common Stock on the date a Class A Warrant is exercised is greater than the exercise price under the Class A Warrants, (ii) the Class A Warrant is not held in a discretionary account, and (iii) the solicitation of the exercise of the Class A Warrant is not in violation of Rule 10b-6 promulgated under the Exchange Act.
WARRANT EXERCISE FEE. The Company hereby agrees and shall pay to the Representative a commission of five (5%) percent of the total proceeds received from the exercise of the Warrants that occur commencing twelve months from the Closing Date (the “Commencement Date”), which shall be payable within five (5) business days from the date of such exercise. In that regard, beginning the first week following the Commencement Date, the Company shall provide the Representative with a weekly update of warrant exercises occurring during such period, which update shall be accompanied by payment of the applicable fee with respect to such exercises.
WARRANT EXERCISE FEE. The Management Group shall pay to Rodman a fee of 5% of the exercise price of each warrant issued ▇▇ ▇▇▇ investors in the Offering which is exercised hereafter, within ten days of the Company's receipt of the exercise price.
WARRANT EXERCISE FEE. If the Representative provides written notice to the Company, at any time after 12 months from the effective date of the Registration Statement, that the Representative is electing to solicit the exercise of the Class A Warrants by the holders thereof, the Company will pay to the Representative a fee of 10% of the aggregate exercise price received by the Company as a result of the Representative s solicitation of such holders, if (i) the market price of the Company's Common Stock on the date a Class A Warrant is exercised is greater than the exercise price of the Class A Warrant, (ii) the Class A Warrant being solicited is not held in a discretionary account at the time of exercise, except where prior specific approval for exercise is received from the person exercising the Class A Warrant, (iii) the person exercising the Class A Warrant states in writing that the exercise was solicited and designates in writing the Representative or another broker-dealer to receive compensation in connection with the exercise and (iv) the solicitation of the exercise of the Class A Warrant is not in violation of Rule 10b-6 promulgated under the Exchange Act. The Representative may reallow a portion of the fee to soliciting broker-dealers.
WARRANT EXERCISE FEE. In addition to the Placement Agent Fees payable pursuant to Sections B (a) and (b), the Company hereby agrees to pay the Placement Agent (or the designees authorized by such Placement Agent), as compensation for its services hereunder a warrant exercise fee (“the Warrant Exercise Fee”) equal to Ten Percent (10%) of the aggregate exercise price that is paid in connection with each exercise, if any, of Series G warrants initially held by Investors introduced by the Placement Agent who participated in this Offering. The Warrant Exercise Fee shall be deemed earned by the Placement Agent for services rendered hereunder. The Warrant Exercise Fee shall survive the termination hereof.