Examples of December Warrants in a sentence
The December Warrants are exercisable for a period of three years from issuance into common shares at an exercise price of $0.25 CAD per common share.
If the Company fails to issue and deliver to Gxxxxxx’s broker (a) the Second December Warrants, (b) the Applicable Shares or (c) shares of Common Stock issuable to Greenle pursuant to the terms of the Revenue Share Agreements within four (4) business days of: (i) in the case of the Second December Warrants, the date upon which Greenle fulfills its obligations pursuant to paragraph (1)a.
Subject to the accuracy of the representations and warranties of the Holder in this Agreement, the offer and issuance by the Company of the December Warrants and the December Warrant Shares are exempt from registration under the 1933 Act.
In the event that the Company does not redeem all of the outstanding shares of Series D Preferred Stock on or before December 31, 2000, the Company will issue to the holders of the then outstanding shares of Series D Preferred Stock warrants exercisable for 3,500 shares of Common Stock (the "December Warrants").
The Company has the requisite corporate power and authority to enter into and perform its obligations under this Agreement, the Registration Rights Agreement and the December Warrants (collectively, the “Transaction Documents”) and to issue the shares of Common Stock issuable upon the exercise of such December Warrants (the “December Warrant Shares”) in accordance with the terms of the December Warrants.
Greenle acknowledges that the shares of Common Stock issuable upon the exercise of the December Warrants to be issued under the terms of this Agreement (the “Applicable Shares”) will initially be issued without registration under the Securities Act of 1933, as amended (the “Securities Act”), and will have a restrictive legend as contemplated for the shares of Common Stock issued or to be issued upon exercise of the December Warrants issued pursuant to this Agreement.
Based upon, subject to and limited by the foregoing, we are of the opinion that (i) the Private Placement Shares are validly issued, fully paid and nonassessable, and (ii) the Warrant Shares, when issued upon exercise of the December Warrants, the Placement Agent Warrants, the March Warrants and the Consulting Warrants (collectively the “Warrants”) and upon payment of the exercise price therefor in accordance with the terms of the Warrants, will be validly issued, fully paid and nonassessable.
The form and terms of the June and December Warrants shall be substantially identical to those of the Warrants.
Effective concurrent with the Closing, pursuant to Section 3(g) of the December Warrants, the Company hereby agrees to voluntarily and irrevocably reduce the Exercise Price (as defined in the December Warrants) in each December Warrant from $8.50 per share to $6.25 per share, subject to further adjustment pursuant to the December Warrants.
As of the Closing, the Company shall have reserved from its duly authorized capital stock not less than the maximum number of shares of Common Stock issuable upon the exercise of the December Warrants issuable hereunder (without taking into account any limitations on the exercise of the December Warrants and the Exercised Warrants set forth therein).