Default Warrants definition

Default Warrants shall have the meaning set forth in Section 14(j).
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Default Warrants means the five (5) year warrants to purchase 1,000,000 shares of Common Stock of HYDRO Corp, issued to each of the Lenders having a per share exercise price equal to $0.01 per share, issuable solely after the occurrence and existence of an Event of Default that remains uncured for a period of fifteen (15) days, in the form annexed hereto as Exhibit B.
Sample 1
Default Warrants means the warrant certificates covering the purchase of Stock Units, each in the form of Annex 3 to this Agreement, originally issued by the Company pursuant to SECTION 2 hereof, and all Default Warrants issued upon transfer, division or combination of, or in substitution for, any thereof.
Sample 1

Examples of Default Warrants in a sentence

  • First-to-Default Warrants or Tranche Warrants create leveraged exposure to the credit risk of Reference Entities as the investors can lose a significant part or the totality of their investment (i) in the case of Tranche Warrants even if all the Reference Entities in the Reference Portfolio have not been subject to a Credit Event and (ii) in the case of First-to- Default Warrants, as soon as only one single Reference Entity has been subject to a Credit Event.

  • The Company shall at all times reserve and keep available out of its authorized but unissued shares of Class C Common Stock, solely for the purpose of issuance upon the exercise of the Default Warrants, such number of shares of Class C Common Stock issuable upon the exercise of the Default Warrants.

  • The Default Warrants will only become exercisable if Borrower fails to make a required principal payment (at maturity, upon acceleration, or otherwise) of the Advances hereunder after the expiration of any applicable notice and grace period.

  • Additional Work Programme items raised by the Committee are additional projects and areas of work that are not covered by the usual annual precept and sufficient funds will need to be identified before they can be carried out.

  • If any Event of Default of the type described in paragraphs 4(a)(i) and 4(a)(ii) above has occurred and is continuing, the outstanding principal amount of this Note shall automatically convert into Default Warrants at the Conversion Price.

  • Upon the Event of Default, then all or any portion of the outstanding principal amount of this Note shall, without the need for any action on the part of the Company, automatically convert into warrants (the "Default Warrants") to purchase such number of shares of the Company's ---------------- Class C Common Stock (the "Class C Common Stock") as shall be equal to the -------------------- amount of unpaid principal then due to the Lender, divided by 1,000 (the "Conversion Price").

  • The Company ---------------------- shall keep the Registration Statement "Evergreen" until payment or conversion in full of the Convertible Notes and exercise or expiration of the Default Warrants, if any, or until Rule 144(k) of the Securities Act is available to the Investors with respect to all of the Conversion Shares and Warrant Shares whichever is later.

  • The Payer’s Payment Service Provider shall be liable to the Payer for the correct execution of the Payment Transaction unless it can prove to the Payer and, where relevant, to the Payee’s Payment Service Provider, that the Payee’s Payment Service Provider received the amount of the Payment Transaction.

  • Without limiting the generality of the foregoing, the board of directors and stockholders of the Seller have duly authorized the execution, delivery, and performance of this Agreement by the Seller.

  • After all principal at any time owed on this Note ------------ has been paid in full or converted into Default Warrants, this Note shall be surrendered to the Company for cancellation and shall not be reissued.


More Definitions of Default Warrants

Default Warrants. As defined in Recital C of this Agreement.
Sample 1
Default Warrants means Common Stock Purchase Warrants, substantially in the form of Exhibit D-2 issuable to the Purchasers upon the occurrence of an Event of Default under the Note.
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Related to Default Warrants

  • SPAC Warrants means the SPAC Public Warrants and the SPAC Private Placement Warrants.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 9 months, in the form of Exhibit A attached hereto.

  • Series D Warrants means, collectively, the Series D Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Parent Warrants means the outstanding warrants to purchase Parent Common Stock.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Sponsor Warrants shall have the meaning given in the Recitals hereto.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Broker Warrants has the meaning ascribed to such term in Section 12 hereof;

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Placement Warrants shall have the meaning given in the Recitals hereto.

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Warrant Securities means this Warrant and the Warrant Shares, collectively.

  • Private Placement Warrants shall have the meaning given in the Recitals hereto.

  • Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.