Examples of Founder Warrants in a sentence
Changes in the fair value of the Warrants and Founder Warrants are recorded in the statement of profit or loss for each period.
The Company hereby appoints the Warrant Agent to act as agent for the Company for the Founder Warrants, and the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement.
The Founder Warrants may be exercised in accordance with Section 3 of this Agreement at any time after notice of redemption shall have been given by the Company pursuant to Section 6.2 hereof and prior to the time and date fixed for redemption.
On and after the redemption date, the record holders of the Founder Warrants shall have no further rights except to receive, upon surrender of the Founder Warrants, the Redemption Price.
The Warrant Agent is hereby authorized to countersign and to deliver, in accordance with the terms of this Agreement, the Founder Warrants required to be issued pursuant to the provisions of this Section 5, and the Company, whenever required by the Warrant Agent, will supply the Warrant Agent with Founder Warrants duly executed on behalf of the Company for such purpose.