Examples of Exercising Holder in a sentence
The Company shall pay the Warrant Share Buy-In Adjustment Amount to the Exercising Holder in immediately available funds immediately upon demand by the Exercising Holder.
Each Exercising Holder shall have five (5) Business Days from the date of the Second Transfer Notice (the “Second Refusal Period”) to notify the Selling Shareholder of its desire to purchase more than its pro rata share of the Transfer Shares, stating the number of the additional Transfer Shares it proposes to purchase.
By way of illustration and not in limitation of the foregoing, if the Exercising Holder purchases shares of Common Stock having a total purchase price (including brokerage commissions) of $11,000 to cover a Buy-In with respect to shares of Common Stock it sold for net proceeds of $10,000, the Warrant Share Buy-In Adjustment Amount which the Company will be required to pay to the Exercising Holder will be $1,000.
If Citi does not pay the amount calculated in accordance with clause 3.8 by the time specified, interest accrues on that amount at the Default Rate accruing daily from the last day on which Citi was required to pay the Exercising Holder under clause 3.8 until payment is made.
RSI may pay all or a portion of the 2000 Put Price in shares of common stock of RSI only if (i) RSI's common stock is then listed on the NASDAQ Stock Market or other national securities exchange on which RSI's shares are then traded, and (ii) the shares to be issued to the 2000 Put Exercising Holder shall be eligible for immediate sale, subject to a resale registration statement under the 1933 Act being declared effective by the SEC.