Adjustment Warrants definition
Examples of Adjustment Warrants in a sentence
For the avoidance of doubt, the Adjustment Period with respect to an Adjustment Warrant issued in connection with the exercise of an Optional Warrant shall be the same period in time as the Adjustment Period with respect to the Adjustment Warrants issued in connection with the sale of the Initial Shares, even if the Adjustment Period has ended prior to the exercise of such Optional Warrant.
Delivery of the Adjustment Warrants shall be made at a location mutually agreed to by the parties hereto.
To exercise the right of repurchase under Section 7.1(a), the Company shall deliver a notice of repurchase (a "Company Repurchase Notice") to each Buyer from which the Company desires to repurchase Common Shares, Adjustment Warrants, or both.
Only whole Common Shares and portions of Adjustment Warrants to purchase whole Common Shares may be repurchased.
Each Buyer understands that the Company's obligation to issue the Adjustment Warrants to such Buyer in accordance with this Agreement is conditioned upon the accuracy in all material respects on the May Adjustment Date or the particular Adjustment Date, as applicable, of the representations and warranties of the Buyer contained in (i) Sections 4(a), (b), (c), (d), (f) and (g) of this Agreement and (ii) Sections 3(a), (b), (c), (d) and (f) of the Amendment Agreement, in each case as if made on such date.
The Company shall issue and deliver to each Buyer the Adjustment Warrants not later than 4:00 p.m., Pacific Time, on or before the third Business Day following the May Adjustment Date and each Adjustment Date, or as otherwise agreed to by the parties hereto.
Prior to any repurchase date, whether or not a Company Repurchase Notice has been given, the Buyers may sell or transfer any of their Common Shares and Adjustment Warrants.
If a Buyer intends to assign all or any portion of its rights to acquire any Adjustment Warrants in accordance with Section 10(h) hereof, then such Buyer shall so notify the Company not less than ten days before the May Adjustment Date or any Adjustment Date.
However, there will be a corresponding dilution in JAG’s consolidated EPS as a result of the increase in the number of Shares arising from the Proposed Bonus Issue of Shares, Adjustment Warrants (when exercised) and the Proposed Free Warrants Issue (when the Warrants 2017/2020 are exercised).
All subsequent offers and sales of the Adjustment Warrants by the Buyer shall be made pursuant to registration of the Adjustment Warrants being offered and sold under the 1933 Act or pursuant to an exemption from registration.