Aggregate Warrants definition
Examples of Aggregate Warrants in a sentence
No consideration shall be offered or paid to any Holder to amend or consent to a waiver, amendment or other modification of any provision of the Agreement unless the same consideration is offered to all of the holders of the outstanding Aggregate Warrants.
Notwithstanding the foregoing, nothing herein shall prevent the Company or the Parent from satisfying its obligations under the Aggregate Notes and the Aggregate Warrants.
For purposes of this Agreement, the term “Final Merger Price” shall mean (i) the Final Merger Consideration divided by (ii) the sum of (A) the Aggregate Company Common Shares, plus (B) the Aggregate Warrants.
Par Paydown Aggregate Warrants (as percentage of common stock outstanding immediately prior to the Transaction Effective Date7) Less than $10 million 19.99% $10 million+ but less than below 19.99% $20 million+ but less than below 15.99% $30 million+ 10.00% The exercise price for each Warrant shall be equal to $0.01.
The consent of the holders of at least two-thirds of the Aggregate Warrants represented by such Warrant Certificates may be obtained (i) in writing or (ii) at a meeting where at least 25% of the aggregate number of all Aggregate Warrants outstanding are present in person or represented by proxy.
For purposes of the First Warrant, the ---------------------------- Holder hereby approves (i) the issuance of the Aggregate Warrants issued the date hereof and agrees that the issuance thereof and of shares of stock issued upon exercise or exchange of such Aggregate Warrants shall not cause any increase in the number of shares issuable under the First Warrant, and (ii) the grant of the registration rights contained in the Aggregate Warrants issued the date hereof.
For the purposes of this Agreement, the Holder’s “Pro Rata Share” at any time shall be the percentage calculated by dividing the number of Warrants held by the Holder at such time by the number of Aggregate Warrants (as defined below) outstanding at that time.
In the event that the Company does not either (i) achieve Operating Income (as defined below) of at least $1.00 for the nine month period ended December 31, 1998, or (ii) raise equity capital in an amount not less than $2.5 million by December 31, 1998, then the Base Amount shall be increased to 145,000 shares, which the Company represents to equal 2.6% of the shares of capital stock outstanding on the date hereof calculated on a fully diluted basis and assuming exercise of the Aggregate Warrants.
Subject to Subsection 14, the Warrant Certificates may only be amended with the consent of the holders of at least two-thirds of the Aggregate Warrants represented by such Warrant Certificates, in which case such amendments shall be binding on the Holder with or without its consent.
Section 3.1(a)(ii)(B) of the Investment Agreement provides that the Aggregate Warrants Exercise Price should be increased by $0.75 for each $1.00 of direct and indirect costs, expenses and fees in excess of $250,000 that the JPE Companies spent on remediation of environmental conditions from May 27, 1999 until the date on which this Notice is delivered.