Examples of Bridge Loan Warrant in a sentence
If the Note is converted in full into Common Stock as provided herein, it will be deemed to be payment in full for all purposes of this Agreement and the other Loan Documents (except the Bridge Loan Warrant), or if the Note is converted in part into Common Stock as provided herein, it will be deemed to be payment under this Agreement and the other Loan Documents (except the Bridge Loan Warrant) up to the amount of the Note so converted.
The Bridge Loan Warrant is duly authorized and, upon issuance in accordance with the terms of this Agreement, will be validly issued, fully paid and nonassessable, and will be free of Liens, claims, encumbrances and restrictions on transfer, other than restrictions on transfer under applicable state and federal securities laws or as set forth therein.
On the Closing Date, the Company shall issue to Parent the Bridge Loan Warrant.
The Investor hereby agrees that effective upon the Closing, the number of shares of Common Stock of the Company purchasable by Investor under that certain Amended and Restated Bridge Loan Warrant at $1.15 per share shall be reduced from 652,174 to 326,087 and the Company shall deliver to Investor at Closing a revised Amended and Restated Warrant reflecting such change and the existing Amended and Restated Bridge Loan Warrant shall be surrendered to the Company at Closing and marked cancelled.
Upon due execution of this Warrant by the Company, receipt of this Warrant by the Holder and, effectiveness of this Warrant in accordance with the next paragraph of this Warrant, this Warrant shall supercede and replace the Amended and Restated Bridge Loan Warrant dated December 1, 2001, which prior warrant shall be terminated.
Bank has the right, without the consent of or notice to Borrower, to sell, transfer, assign, negotiate, or grant participation in all or any part of, or any interest in, Bank’s obligations, rights, and benefits under this Agreement and the other Loan Documents (other than each of the 2009 Warrant, 2010 Warrant, 2011 Warrant, 2011 October Warrant, 2012 Bridge Loan Warrant, and 2012 Warrant, as to which assignment, transfer and other such actions are governed by the terms thereof).
The shares of Class A Common Stock issuable upon exercise of the Bridge Loan Warrant are duly authorized and reserved for issuance, and, upon exercise of the Bridge Loan Warrant in accordance with the terms thereof, will be validly issued, fully paid and nonassessable, and will be free of liens, claims, encumbrances and restrictions on transfer, other than restrictions on transfer under applicable state and federal securities laws.
For the avoidance of doubt, any issuance of shares of Common Stock issuable upon conversion of the Bridge Loan Note or exercise of the Bridge Loan Warrant shall trigger the adjustment under this Section 3.4 (a) (iv).
Xxxxxxxx Title: President & CEO [March 2011 Bridge Loan Warrant to Platinum-Montaur Life Sciences, LLC] FORM OF EXERCISE AGREEMENT [DATE] To: Dais Analytic Corporation Attention: Xxxxxxx Xxxxxxxx The undersigned, pursuant to the provisions set forth in the attached Warrant, hereby agrees to subscribe for and purchase shares of $.01 par value Common Stock covered by such Warrant.
The Holder represents that as of the date of this Warrant, it has not exercised any rights to purchase Common Stock pursuant to the Bridge Loan Warrant.