Examples of Assumed Warrant in a sentence
In light of these concerns, one strategy to improve international acceptance of on-orbit servicing is to describe in detail what the functions of a tug system are (orbital transfer and lifetime extension) and what they are not (militarization of space).
Subject to the subsequent sentence, each Assumed Warrant will be subject to the same terms and conditions as the Specified Company Warrant so assumed (except that any references therein to the Company or Company Stock will instead mean the Purchaser and Purchaser Common Stock, respectively).
If the Borrower fails to pay any withholding Taxes when due to the appropriate taxing authority, the Borrower shall indemnify the relevant Indemnitee for any Indemnified Taxes paid by the Indemnitee and for any incremental Taxes that may become payable by such Indemnitee as a result of any such failure.
Specifically, the exercise price of and number of shares of Class A Common Stock underlying the Assumed Warrants will be adjusted to reflect such lower issuance price as the new equity is sold and the number of shares issuable under the Assumed Warrant will be increased such that the aggregate exercise price after the lower price adjustment is equal to the aggregate exercise price prior to adjustment.
If the foregoing calculation results in an Assumed Warrant being exercisable for a fraction of a share of Excite Common Stock, then the number of shares of Excite Common Stock subject to such Assumed Warrant will be rounded down to the nearest whole number with no cash being payable for such fractional share.