Cash Warrants definition
Examples of Cash Warrants in a sentence
At the Closing, the Company shall reserve for issuance an amount of Common Stock sufficient to allow for the exercise of all of the ▇▇▇▇▇ Warrants and the Cash Warrants that are immediately exercisable at the Closing.
Upon the exercise of any of the ▇▇▇▇▇ Warrants and/or the Cash Warrants, the holder of the Common Stock issued upon exercise of such Warrant shall be deemed to have entered into the Shareholders’ Agreement and agreed to be bounds by the terms of the Shareholders’ Agreement.
In delivering the Redeemed Securities under this Section 6(a), each tendering Employee shall also be required to transfer an equal proportion of each of the Cash Warrants and Cashless Warrants held by such tendering Employee.
The following summarizes certain of the key terms and conditions of the ▇▇▇▇▇ Warrants and Cash Warrants.
The Warrants shall be issued on the Closing Date and the Cash Warrants shall be allocated into three equal tranches with exercise terms as provided below.
The Company has sufficient authorized, unissued and unreserved shares of Common Stock to be issued in connection with the exercise of the ▇▇▇▇▇ Warrants and the Cash Warrants exercisable on the Closing Date.
Each Holder shall credit against payment of the exercise price of their respective Cash Warrants an aggregate amount of: (i) in the case of Vivo Capital Fund VIII, L.P. $107,771 of amounts owed to such Holder by the Company; and (ii) in the case of Vivo Capital Surplus Fund VIII, L.P., $14,882 of amounts owed to such Holder by the Company (collectively, the “Reimbursement Amounts”).
At the time that (a) the other tranches of the Cash Warrants become exercisable and (b) events occur that result in anti-dilution adjustments to the exercise price or the number of shares of Common Stock issuable upon the exercise of the Warrants, the Company shall take all necessary action so that there is reserved for issuance an amount of Common Stock sufficient to allow for the exercise of all then-outstanding ▇▇▇▇▇ Warrants and all then-outstanding Cash Warrants that are exercisable.
The Class B Common Stock, the Cash Warrants, and the Put Rights are referred to herein collectively as the “Purchased Securities”.
Except as required by applicable law, the Stockholder, until such time as the issuance and exercise of the Warrants and the Cash Warrants are required to be publicly disclosed by the Company, will maintain the confidentiality of any information regarding this Agreement, the Exchange Agreement and the transactions contemplated thereby.