Detachable Warrant definition
Examples of Detachable Warrant in a sentence
Said conveyance of said rights under such 100,000 Warrants shall be effected one half on March 31, 1999 and one half on January 1, 2000 and MGC will reissue Warrants, in the name of Sned▇▇▇▇ ▇▇▇resenting rights to exercise Warrants for up to 50,000 shares on March 31, 1999 and up to 50,000 shares on January 1, 2000, subject to such reissuance of warrants being subject to all terms and conditions of the Detachable Warrant Certificates issued November 25, 1997 and April 8, 1998.
As partial consideration for making the Loan, Borrower has issued Lender detachable warrants to purchase up to 400,000 shares of Borrower's common stock in accordance with the terms and conditions of that certain Detachable Warrant Agreement.
The Series 1 Warrants, Series 2 Warrants and Series 3 Warrants shall be referred to, collectively, as the "Warrants." The Series 3 Detachable Warrant Surrender Agreement attached hereto as Exhibit E and the Purchase Agreement will transfer, if consummated, title to all the outstanding Warrants and Convertible Debentures.