Loan Warrant definition

Loan Warrant means a warrant to be issued by the Company to the Lender in accordance with the Bridge Loan Agreement, of which 2,500,000 Loan Warrants have been issued as at the date hereof. Each Loan Warrant entitles the Lender to purchase one Common Share at a price of $0.25 per Common Share for a period of two years from the date of issuance;
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Loan Warrant has the meaning ascribed to it in section "2.5" hereinbelow;
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Loan Warrant means a warrant in favor of Lender or its designee for the purchase of 1,500,000 shares of Common Stock of Borrower at a price equal to the Warrant Price and substantially in the form of Exhibit C attached hereto.
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Examples of Loan Warrant in a sentence

  • Each Loan Warrant has been issued under the same terms and conditions as the warrants, but with an exercise price of C$0.2065, representing the 20-day VWAP of the Common Shares trading on the CSE at the time of issuance.

  • If the Note is converted in full into Common Stock as provided herein, it will be deemed to be payment in full for all purposes of this Agreement and the other Loan Documents (except the Bridge Loan Warrant), or if the Note is converted in part into Common Stock as provided herein, it will be deemed to be payment under this Agreement and the other Loan Documents (except the Bridge Loan Warrant) up to the amount of the Note so converted.

  • The Bridge Loan Warrant is duly authorized and, upon issuance in accordance with the terms of this Agreement, will be validly issued, fully paid and nonassessable, and will be free of Liens, claims, encumbrances and restrictions on transfer, other than restrictions on transfer under applicable state and federal securities laws or as set forth therein.

  • The Sponsor Loan will be repaid upon the closing of the initial Business Combination or, at the Sponsor’s option, converted into warrants (the “Sponsor Loan Warrants”) at a conversion price of $1.50 per Sponsor Loan Warrant upon the closing of the initial Business Combination.

  • The Term Loan Warrant had an exercise price of $0.01 per share and became exercisable upon the earlier of June 30, 2021 or one minute prior to the occurrence of a liquidation event, which includes a SPAC transaction.

  • The Term Loan Warrant would terminate upon the earlier of December 4, 2027, or immediately prior to the occurrence of a liquidation event, which includes a SPAC transaction.

  • The shares of Class A Common Stock issuable upon exercise of the Bridge Loan Warrant are duly authorized and reserved for issuance, and, upon exercise of the Bridge Loan Warrant in accordance with the terms thereof, will be validly issued, fully paid and nonassessable, and will be free of liens, claims, encumbrances and restrictions on transfer, other than restrictions on transfer under applicable state and federal securities laws.

  • Bank has the right, without the consent of or notice to Borrower, to sell, transfer, assign, negotiate, or grant participation in all or any part of, or any interest in, Bank’s obligations, rights, and benefits under this Agreement and the other Loan Documents (other than each of the 2009 Warrant, 2010 Warrant, 2011 Warrant, 2011 October Warrant, 2012 Bridge Loan Warrant, and 2012 Warrant, as to which assignment, transfer and other such actions are governed by the terms thereof).

  • The Lender shall have received a duly executed Bridge Loan Warrant, in the form attached hereto as Exhibit A.

  • The Secured Term Loan Warrant is classified as a Level 3 Liability and measured at fair value at each reporting period.


More Definitions of Loan Warrant

Loan Warrant. A warrant to purchase 49,721 Ordinary Shares of the Company, nominal value NIS20.00 each (each, a “Share” and collectively, the “Shares”) equal to the number of Shares issuable upon conversion of the entire Converted Amount into Shares (100% warrant coverage), all as listed in Schedule A (the “Loan Warrant Shares”). The Loan Warrant is exercisable for a period of 18 months commencing on the date that is 18 months from the Effective Date and shall expire on the Maturity Date (as defined below). The exercise price of the Loan Warrant is $2.75 per Share (subject to adjustment in the event of share splits or consolidations, issuance of bonus shares, and similar recapitalization events).
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Related to Loan Warrant

  • Warrant Securities means this Warrant and the Warrant Shares, collectively.

  • Warrant means this Warrant and all Warrants issued in exchange, transfer or replacement thereof.

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

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

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Bridge Note means a promissory note made by the Borrowers in favor of a Bridge Lender evidencing Bridge Loans made by such Bridge Lender substantially in the form of Exhibit E-2.

  • 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”.

  • Call Warrant As defined in the recitals.

  • 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.

  • special warrant means a security that, by its terms or the terms of an accompanying contractual obligation, entitles or requires the holder to acquire another security without payment of material additional consideration and obliges the issuer of the special warrant or the other security to undertake efforts to file a prospectus to qualify the distribution of the other security;

  • 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.

  • this Warrant means, collectively, this Warrant and all other stock purchase warrants issued in exchange therefor or replacement thereof.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Parent Warrant means each Parent Private Warrant and Parent Public Warrant.

  • New Warrant Agreement means that certain agreement providing for, among other things, the issuance and terms of the New Warrants issued by New Valaris Holdco as set forth in the Restructuring Term Sheet.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Prefunded Warrant Shares means the shares of Common Stock issuable upon exercise of the Prefunded Warrants.

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

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

  • Certificated Warrant means a Warrant evidenced by a writing or writings substantially in the form of Schedule “A”, attached hereto;

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

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

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date. Unless and until the Current Warrant Price is adjusted pursuant to the terms herein, the initial Current Warrant Price shall be $2.36 per share of Common Stock.

  • 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.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

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