Warrant Exercises. For the avoidance of doubt, neither the Representative nor Underwriter shall be entitled to any compensation by reason of this Agreement or the documents contemplated by this Agreement upon any potential future exercise of the Warrants.
Warrant Exercises. If any warrants to purchase shares of capital stock of LRAD that are outstanding on the Distribution Date are exercised following the Distribution Date, then Parametric will issue to the holder of such warrants such number of shares of Parametric Common Stock as is required by the applicable warrant. If the closing price per share of LRAD Common Stock on the date such warrants are exercised is less than the exercise price of such warrants, then LRAD will pay to Parametric an amount equal to the number of shares of LRAD Common Stock issued upon such exercise multiplied by the difference between the exercise price and the closing price per share of LRAD Common Stock on the date the warrants are exercised, up to a maximum of $0.25 per share of LRAD Common Stock issued. For example if the closing price of LRAD Common Stock on the date of exercise is $2.50 and warrants to purchase 1,000,000 shares are exercised then LRAD will retain $2.50 per exercised share (or $2,500,000) and will pay to Parametric $0.17 per exercised share of LRAD Common Stock (or $170,000) for the 500,000 shares Parametric will be required to issue.
Warrant Exercises. At any time, and from time to time, up to and including the latest Maturity Date, at the sole option of the Lender, the Lender may set-off all or any portion of the Principal then outstanding and any accrued Interest and other amounts payable by the Borrower pursuant to this Agreement, against the exercise price of any of the Initial Warrants, Additional Units Warrants, Additional Warrants (as each such term is defined in the Purchase Agreement) or Loan Warrants being exercised in accordance with their terms.
Warrant Exercises. As soon as practicable after the execution of this Agreement each holder of a Seller Warrant may exercise such Seller Warrant by submitting a written request to the Company for the exercise of such Seller Warrant and subscribing for the new shares by signing a subscription list that the Sellers shall cause the Company to prepare. Immediately after such actions are taken by a holder of a Seller Warrant, the Sellers shall cause (i) the Board of Directors of the Company to formally decide on the allocation of the new shares based on the subscriptions made, (ii) the Company, via its bank (Sw: Emissionsinstitut), to give instructions to VPC to create interim shares, if applicable, as well as new shares, and (iii) the Company to give instructions to the Commissioner for Corporate Affairs (Sw: Kommissionären för aktiebolagsärenden AB) for the filing of the application documents with the Swedish Companies Registration Office before Closing. The Exercise Price of the Seller Warrant will be paid to the Company on or before the Closing by the holders of the Seller Warrant and the Company shall make all withholdings and tax payments required with respect thereto pursuant to Section 2.5. Each of the holders of such exercised Seller Warrants and the Sellers shall use all commercially reasonable efforts to procure that the exercise of the Seller Warrants is properly filed for registration by the Swedish Companies Registration Office and that interim shares are created in the VPC system, if applicable, that the new shares are created by VPC in the VPC system and registered on the VPC account or custody account of the holder of such Seller Warrants, as soon as possible after signing of this Agreement and no later than the date that is immediately prior to the Closing.
Warrant Exercises. 48 5.27 Tax Return......................................................48 5.28 D&O Insurance...................................................48 ARTICLE VI
Warrant Exercises. It is agreed that, within sixty (60) calendar days following the Closing, 1,000,000 of the Parent’s issued and outstanding Class A Warrants will be exercised at an exercise price of $1.25 per share.
Warrant Exercises. The Company shall use its commercially reasonable best efforts to cause each holder of a Warrant that will not otherwise terminate as a result of the Merger to exercise such Warrant immediately prior to the Effective Time.
Warrant Exercises. The holders will exercise the following warrants to purchase shares of the Company’s common stock for cash: Name of Holder Issue Date Number of Warrant Shares Exercise Price per Share Total Purchase Price Xxxxx Xxxxx 7/28/09 3,142,857 $0.07 $220,000 Xxxxx Xxxxx 9/16/09 611,111 $0.09 $55,000 Alpha Capital Anstalt 9/16/09 1,222,222 $0.09 $110,000
