Merger Warrants definition
Examples of Merger Warrants in a sentence
Upon issuance and delivery thereof upon completion of the Merger and in accordance with the terms of this Agreement and the form of warrant agreement evidencing the Merger Warrants, (1) the Merger Warrants will be duly authorized and issued, and (2) upon payment therefor in accordance with the terms of the Merger Warrants, the shares of Sunset Common issued upon conversion of the Merger Warrants will be duly authorized and issued, fully-paid and non-assessable shares of Sunset Common.
Notwithstanding the foregoing, this restriction does not apply to the Merger Warrants or shares of Parent Common Stock issued upon exercise of the Merger Warrants.
The Merger Warrants shall have an exercise price of $5.00 per share and shall be identical in form to the Class W warrants and Class Z warrants issued by Parent pursuant to its Prospectus dated July 13, 2005.
As soon as practicable after the Merger, the Company will deliver to each record holder of Merger Warrants a letter of transmittal and instructions for effecting the surrender of all Merger Warrants required to be surrendered pursuant to this Agreement.
Subject to applicable law, following surrender of any such Company Certificates with a properly completed letter of transmittal, the Exchange Agent shall promptly deliver to the record holders thereof, without interest, the certificates representing shares of Parent Common Stock and Merger Warrants issued in exchange therefor and the amount of any such dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such shares of Parent Common Stock.