Examples of Adjustable Warrants in a sentence
Each Purchaser agrees that from the period commencing on the Closing Date and ending on the Expiration Date (as defined in the Adjustable Warrants) it will not, during the 35 Trading Days preceding each Vesting Date (as defined in the Adjustable Warrants), enter into any Short Sales (as defined herein).
The 879,683 shares of Common Stock equals 19.999% of the number of shares of Common Stock outstanding immediately prior to the issuance of the Prior Adjustable Warrants multiplied by the quotient obtained by dividing (x) the number of shares of Common Stock issued and sold to the original Holder on the Closing Date by (y) the number of shares of Common Stock issued and sold by the Company on the Closing Date.
In such event, the Registration Statement required to be filed by the Company shall include a number of shares of Common Stock equal to no less than 200% of the number of shares of Common Stock then issuable upon exchange of the Adjustable Warrants and any other Registrable Securities not then registered in a Registration Statement.
If the number of Underlying Shares issuable upon exercise of the then unexercised portion of the Adjustable Warrants exceeds 85% of the number of Underlying Shares previously listed on account thereof with NASDAQ (and any such other required exchanges), then the Company shall take the necessary actions to list immediately a number of Underlying Shares as equals no less than the then Current Required Minimum with respect thereto.
Each Purchaser agrees that it will not enter into any Short Sales (as hereinafter defined) from the period commencing on the Closing Date and ending on the Third Vesting Date (as defined in the Adjustable Warrants).
If the number of Underlying Shares issuable upon exercise of the then unexercised portion of the Adjustable Warrants exceeds 85% of the number of Underlying Shares previously listed on account thereof with NASDAQ (and any such other required exchanges), then the Company shall take the necessary actions to immediately list a number of Underlying Shares as equals no less than the then Current Required Minimum with respect thereto.
The Additional Adjustable Warrants shall be identical to the Initial Adjustable Warrants except that the Purchase Price applicable thereto shall equal the lesser of (i) 110% of the average of the Per Share Market Values for the five (5) Trading Days immediately preceding the Additional Closing Date and (ii) $12.50 (subject to equitable adjustment for stock splits, recapitalization and similar events) (the "Share Price").
Concurrently with the execution and delivery of this Agreement, each Investor shall deliver or cause to be delivered to the Company the Adjustable Warrants held by such Investor, and the Company shall redeem all such Adjustable Warrants by paying the consideration specified in paragraph 2 below.
Each Purchaser agrees that from the period commencing on the Closing Date and ending on the Expiration Date (as defined in the Adjustable Warrants) it will not, during the 25 Trading Days preceding each Vesting Date (as defined in the Adjustable Warrants), enter into any net short sales.
Resolved: That the draft letter to Head Teachers setting out the purpose of Collective Worship visits be considered by the SACRE at its next meeting.