Examples of Designated Warrant Holder in a sentence
Each Party hereby acknowledges that the Designated Warrant Holder may pay the Warrant Aggregate Exercise Price in one or more tranches and apply for Outbound Investment Approvals in respect of each tranche of such payment.
The Company hereby irrevocably waives its first and paramount lien provided in the Memorandum and Articles on any Series F Preferred Shares issued to the Designated Warrant Holder pursuant to Section 2.3(iii) if the Designated Warrant Holder fails to pay the Warrant Exercise Price for such Warrant Shares as a result of the Deposit Receiver’s failure to repay the relevant Repayable Deposit Amount.
If the Designated Warrant Holder fails to pay any Warrant Exercise Price as a result of the Deposit Receiver’s failure to fully repay the relevant Repayable Deposit Amount in accordance with this Agreement and the Deposit Agreement, the Designated Warrant Holder shall not be held liable for the non-payment of such Warrant Exercise Price.
Each of Baidu Online and Baidu SPV shall procure the Designated Warrant Holder to, as soon as possible, submit all necessary documents that are required to complete the requested registrations and filings and to obtain the relevant approvals from the competent Governmental Authorities of the PRC with respect to the outbound direct investment by the Designated Warrant Holder into the Company (all such registrations, filings and approvals, the “Outbound Investment Approvals”).
Without prejudice to the generality of the foregoing, each of Baidu Online and Baidu SPV shall procure that the total investment amount for which the Designated Warrant Holder applies in connection with its investment in the Company through the Outbound Investment Approvals shall be denominated in U.S. dollars and equal to the Investment Amount.
For the avoidance of doubt, the Outbound Investment Approvals shall include all the necessary registrations or procedures that are necessary for the Designated Warrant Holder to remit the relevant investment fund outside of PRC to the Company Bank Account).
At, or prior to, the Closing, the Company shall grant to the Investor or Designated Warrant Holder, the Warrants.
At or prior to the Closing, the Company shall grant to the Investor or Designated Warrant Holder the Warrants.