Assumed Warrants definition
Examples of Assumed Warrants in a sentence
Litronic shall use its best efforts to continue the quotation of Litronic Common Stock on the Nasdaq National Market through and including the Effective Time and to take all actions necessary to provide for the listing on the Nasdaq National Market, at or prior to the Closing, of the shares of Litronic Common Stock issuable pursuant to the Merger and upon exercise of all Assumed Options and Assumed Warrants.
Litronic shall reserve for issuance the maximum number of shares of Litronic Common Stock issuable upon exercise of all Assumed Options and Assumed Warrants.
Without limiting the generality of the foregoing, Litronic shall take such steps as may be necessary to comply with the securities and "Blue Sky" laws of all jurisdictions which are applicable to the issuance of shares of Litronic Common Stock in the Merger and pursuant to Assumed Options and Assumed Warrants as provided herein.
All restrictions on the exercise of the Assumed Warrants in effect immediately before the Effective Time shall be continuing in full force and effect and the term, exercisability schedule and other provisions of the Assumed Warrants shall otherwise remain unchanged.
Such opinion shall also confirm the validity of the shares issuable in the Merger and upon exercise of the Assumed Options and Assumed Warrants and shall be reasonably satisfactory to GCW&F.