Examples of Contingent Warrants in a sentence
Assignee hereby acknowledges that PharmaKinetics is relying on the representations and warranties made by Assignee in Section 3 of this Assignment Agreement in connection with the representation made by PharmaKinetics in the Purchase Agreement that it has complied with all applicable federal and state securities laws, including the Securities Act, in connection with the offer, issuance and sale of Shares, Warrants, and Contingent Warrants.
The issuance of the Securities has been duly authorized, and upon receipt and acceptance of consideration from the Investor, the Shares and the Warrants when issued (and, if issued, Contingent Warrants) will be legally and validly issued, fully paid and non-assessable, free and clear of all liens, charges and encumbrances, and the Shares will have the rights, preferences and privileges described in the Certificate of Designation.
In case of any Reorganization, appropriate adjustment, as determined in good faith by the Board of Directors of the Company, shall be made in the application of the provisions herein set forth with respect to the rights and interests of Holders so that the provisions set forth herein shall thereafter be applicable, as nearly as possible, in relation to any shares or other property thereafter deliverable upon exercise of Contingent Warrants.
Upon the exercise of less than all of the Contingent Warrants to purchase the shares of the Common Stock evidenced by this Contingent Warrant Certificate, there shall be issued to the Registered Holder a new Contingent Warrant Certificate in respect of the Contingent Warrants not exercised.
In the event any such claim is asserted by any party, each Purchaser shall have the option of electing to accept, and the Company shall issue, the Contingent Warrants pro rata based upon the number of shares underlying Warrants held by such Purchaser.