Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black Xxxxxx, on the date they are called for redemption and (y) the number of Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five trading days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.
Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black Xxxxxx, on the date they are called for redemption and (y) the number of Warrants being redeemed multiplied by the excess of (A) the Market Price of the Common Shares over (B) the exercise price of the Warrants. "Market Price" shall mean the volume weighted average sales price as reported by Bloomberg, L.P. for the three consecutive trading days immediately prior to the date that the Warrants are called for redemption.
Warrant Redemption. Upon (i) occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, and (ii) at the option of the Company at any time before the 360th day following the Closing Date, the Company may be required or elect, as the case may be, to redeem (and pay any applicable liquidated damages) all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black Sholes, on the date they are called for redemption and (y) the nuxxxx xf Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five Trading Days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.
Warrant Redemption. The Company may not call or redeem any portion of this Warrant without the prior written consent of the affected Holder.
Warrant Redemption. Simultaneously with the execution and delivery of this Amendment No. 3, the Lender is delivering to the Borrower, for redemption by the Borrower, all of the Warrants (covering an aggregate of 2,100,000 shares of Common Stock), in consideration of which the Borrower is paying to the Lender the sum of $1,000,000, constituting part of the Additional Note being issued pursuant to paragraph 7 below. The Lender makes no representations or warranties regarding the Warrants or the value thereof, other than that the Lender has unencumbered title to the Warrants and full power and authority to deliver the Warrants for redemption hereunder.
Warrant Redemption. Upon occurrence of the events described in Exhibit A to the Purchase Agreement setting forth the terms fo the Series A Convertible Preferred Stock with respect to redemption, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black Sholes, on the date they are called for redemption and (y) the xxxxxr of Warrants being redeemed multiplied by the excess of (A) the average closing bid price of the Common Stock for the five trading days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.
Warrant Redemption. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, on the Closing Date (as defined below), (i) to the extent the Buyers have elected to have their Warrants (the "Purchased Warrants") redeemed by the Company at the aggregate Warrant Price by written notice to the Company on or prior to the Closing Date, the Buyers shall surrender to the Company at the Closing all such Purchased Warrants of such Buyer, and (ii) the Company shall pay to each such Buyer in cash by wire transfer of immediately available funds an aggregate amount equal to $0.13 per Warrant Share issuable upon exercise of such Purchased Warrant on the Closing Date.
Warrant Redemption. The Company shall, for an aggregate amount not to exceed $7,000,000 (including any prepayment fee or other make-whole premium incurred in connection with the Household Warrant Redemption or the related refinancing of Debt owing to Household), against surrender of the certificates representing the Household Warrants, have purchased all Household Warrants outstanding immediately prior to the Closing Date and cancelled all certificates representing the Household Warrants received in connection with such purchase (the "HOUSEHOLD WARRANT REDEMPTION"). In connection with the Household Warrant Redemption all rights of Household as a holder of such Household Warrants shall have ceased except the rights to receive the payments specified in the preceding sentence and certain indemnity, expense or similar provisions which by their express terms are intended to survive the Household Warrant Redemption. The Household Warrants shall not be deemed outstanding for any purpose. You shall have received evidence in form, scope and substance reasonably satisfactory to you that the matters set forth in this Section 3.10(c) have been satisfied on the Closing Date. There shall have been delivered to you copies, certified as true and correct by a Senior Officer, of all Household Warrant Redemption Documents, including the certificates evidencing the Household Warrants so redeemed, all of which shall be in form and substance reasonably satisfactory to you.
Warrant Redemption. . . . 4 1.6. Partial Redemption of Substitute Options; Replacement Options 4 1.7. Escrows . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 1.8.
Warrant Redemption. Pursuant to the Warrant dated September 30, 1996, granted by the Company in favor of Heritage (the "Warrant"), Heritage has been granted the right to acquire, under certain circumstances, 8,780,300.99 shares (assuming conversion as contemplated in Section 1.1(b)) of Common Stock (the "Underlying Warrant Shares"). Upon the terms and subject to the conditions set forth herein, at the Closing the Company shall redeem (the "Warrant Redemption") from Heritage, and Heritage shall sell, assign, transfer and convey to the Company, the Warrant in exchange for $1.00 per Underlying Warrant Share, for an aggregate redemption price of $8,780,300.99 (the "Warrant Redemption Price"). The Warrant Redemption Price shall be paid (subject to Sections 1.7 and 1.9) at the Closing by or on behalf of the Company by wire transfer of immediately available funds to an account of Heritage designated in writing to the Company prior to the Closing Date or, if not so designated, by certified or official bank check payable in immediately available funds to the order of Heritage. Upon receipt by Heritage of the Warrant Redemption Price (subject to Sections 1.7 and 1.9), the Warrant shall terminate and be of no further force and effect and Heritage shall deliver to the Company at the Closing the Warrant marked "CANCELLED" by a duly authorized representative of Heritage.
