First Tranche Warrants definition

First Tranche Warrants is defined in the Recitals.
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First Tranche Warrants means warrants, substantially in the form attached hereto as Exhibit B, to purchase an aggregate number of ADSs equal to the quotient obtained by dividing (i) the product of (A) 0.85 and (B) the First Tranche Note Amount by (ii) the First Tranche Conversion Price, rounded to the nearest whole number, at an exercise price per ADS initially equal to 125% of the First Tranche Conversion Price as in effect at the time of exercise.
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First Tranche Warrants has the meaning set forth in Section 3(a).
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Examples of First Tranche Warrants in a sentence

  • Upon exercise of the First Tranche Warrants, in whole or, from time to time, in part, and upon payment of the exercise price therefor, in accordance with the terms of the First Tranche Warrants, the Purchasers will acquire good and marketable title to the First Warrant Shares, free and clear of all Liens, and such First Warrant Shares shall be validly issued, fully paid and nonassessable.

  • There shall be no reduction of the ----------------------------- Warrant Shares issuable under the First Tranche Warrants.

  • On June 1, 2022, concurrent with the June 2022 public offering detailed in Note 14, the Company entered into warrant amendment agreements to the First Tranche Warrants with the Investors.

  • In consideration of the Investor’s agreement to the aforesaid amendments, the Controlling Shareholder has agreed to transfer to the Investor an additional 35,000,000 Warrants (“Transfer Warrants”) to be issued to the Controlling Shareholder pursuant to the First Tranche Warrants Issue (defined in Paragraph 2.6 below).

  • For the avoidance of doubt, the number of Underlying Shares of each of the First Tranche Warrants and the Second Tranche Warrants is subject to adjustment pursuant to Section 5(g)(i)(6).

  • For completeness, pursuant to the exercise of 8,500,000 First Tranche Warrants, 8,500,000 new ordinary Shares were issued and allotted to certain investors under the general share issue mandate approved at the annual general meeting held on 28 April 2017.

  • The shares of Common Stock for which the First Tranche Warrants and Second Tranche Warrants may be exercised are referred to as the “Underlying Shares”.

  • The First Tranche Warrants remained a freestanding equity-classified instrument following the modification.

  • The purchase and sale of the First Tranche Debentures and the issuance of the First Tranche Warrants shall take place via exchange of electronic or facsimile signature pages hereto (with originals to be mailed as soon as practicable thereafter) on February 6, 2008, or at such other time and place as the parties hereto mutually agree upon, orally or in writing (which time and place are designated as the “Initial Closing”).

  • Assuming all the First Tranche Warrants and Second Tranche Warrants are exercised, the aggregate number of 52,500,000 Warrant Shares and Consideration Shares comprise approximately 18.42% of the Company’s issued share capital of 285,068,122 Shares as at the date of this announcement and approximately 15.55% of the Company’s enlarged issued share capital of 337,568,122 Shares.


More Definitions of First Tranche Warrants

First Tranche Warrants means the warrants to purchase shares of Common Stock in the form attached hereto as Exhibit J.
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First Tranche Warrants has the meaning set forth in the Recitals.
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First Tranche Warrants means 2,738,700 warrants, each warrant entitling the holder to purchase one Borrower Share for a purchase price of Cdn. $0.91 per share for a period of 24 months from the Closing Date, substantially in the form annexed hereto as schedule A.
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First Tranche Warrants means Warrants to be issued by the Company to the Investors representing
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First Tranche Warrants means the Warrants to be issued by the Company to the
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Related to First Tranche Warrants

  • First Tranche means the amount of the Loan allocated to the category entitled “First Tranche” in the table set forth in Part B of Schedule 1 to this Agreement.

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

  • 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.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Series D Warrants means series D share purchase warrants of the Corporation issued to RTIH on May 22, 2012 in connection with the 2012 Rights Offering in accordance with the 2012 MoA, the terms of which are more particularly described under the heading “General Development of the Business – Agreements with the Rio Tinto Group – 2012 MoA”.

  • 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.

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

  • 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.

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

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

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

  • Commitment Shares shall have the meaning set forth in Section 12.04.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • 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 upon issuance and have a term of exercise equal to five (5) years from the initial exercise date, in substantially the form of Exhibit A attached hereto.

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Parent Warrants has the meaning set forth in Section 5.3(a).

  • Sponsors’ Warrants means the warrants that are being sold privately by the Company simultaneously with the consummation of the IPO; and (vi) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

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

  • Qualifying Warrants means net share settled warrants to purchase Common Stock that have an exercise price greater than the current Market Value of the issuer’s Common Stock as of their date of issuance, that do not entitle the issuer to redeem for cash and the holders of such warrants are not entitled to require the issuer to repurchase for cash in any circumstance.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

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

  • Class 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 and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

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

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.