Examples of Company Common Warrant in a sentence
At the Effective Time, each warrant to purchase Company Common Stock that is then outstanding (a “Company Common Warrant”), shall be assumed by Parent in accordance with the terms (as in effect as of the date of this Agreement) of the Company Common Warrant and each warrant to purchase Company Preferred Stock that is then outstanding (a “Company Preferred Warrant”), shall be assumed by Parent in accordance with the terms (as in effect as of the date of this Agreement) of the Company Preferred Warrant.
As of the date hereof, (a) the Shareholder is the beneficial or record owner of 205,671,483 Covered Shares, free and clear of any and all Liens, other than those created by (i) this Agreement, (ii) the Investors Agreement and (iii) the Shareholders’ Agreement, (b) such Covered Shares (other than the shares underlying the Company Common Warrant) are fully paid up, and (c) the Shareholder has sole voting power over all of such Covered Shares beneficially owned by the Shareholder.
From the close of business on February 25, 2015 until the date of this Agreement, no Company Common Shares, Company Stock Options, Company Restricted Share Units or Company Performance Restricted Share Units have been issued or granted except for Company Common Shares issued pursuant to the exercise of Company Stock Options, the Company Common Warrant or the vesting of Company Restricted Share Units, in each case outstanding on February 25, 2015 and in accordance with their terms.
The Company Common Warrants issued and outstanding immediately before the Effective Time shall be cancelled, extinguished and converted into and represent only the right to receive an amount in cash, without any interest thereon, equal to the Company Common Warrant Merger Consideration, including the Escrow Amount and Expense Fund contribution provisions set forth in Section 1.9(g) and Section 1.9(h) and the indemnification provisions set forth in SECTION 11.
Upon surrender of the applicable Company Warrant for cancellation together with such letter of transmittal, properly completed and duly executed, and such other documents as may be required pursuant to such instructions, the Paying Agent shall pay the applicable holder of the Company Warrants the Company Common Warrant Net Merger Consideration or Company Preferred Warrant Net Merger Consideration in respect thereof, as applicable, and the Company Warrant so surrendered shall forthwith be canceled.