Examples of Designated Warrant Holder in a sentence
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”).
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.
At the Closing, the Company shall issue and deliver a copy of the Warrant to the Designated Warrant Holder (with the original(s) to be delivered to the Designated Warrant Holder within five (5) Business Days following the Closing).
Also – “So then, let us serve him with fear and all reverence, as he himself commanded, and also the apostles who preached the gospel to us …” Chp.6:3.
For the avoidance of doubt, if the Designated Warrant Holder elects to pay the Warrant Aggregate Exercise Price in tranches and obtains the Outbound Investment Approvals in respect of any such tranche, the procedure set forth in Sections 2.3(iii)(a) to (d) shall apply mutatis mutandis.
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.
At, or prior to, the Closing, the Company shall grant to the Investor or Designated Warrant Holder, the Warrants.
For the avoidance of doubt, against the re-issuance of the Re-Issued F-2 Preferred Share, the surrender of the Series F-2 Preferred Share held by Baidu SPV shall be deemed as the consideration therefor and neither Baidu SPV nor the Designated Warrant Holder needs to pay any further consideration to the Company.
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.