OTM Warrants definition
Examples of OTM Warrants in a sentence
On the date of issuance of the OTM Warrants, the Shares issuable upon exercise of the OTM Warrants shall have been reserved for issuance.
The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the Warrant Agreement and the issuance and sale of the OTM Warrants hereunder.
Upon each issuance of OTM Warrants in accordance with, and payment pursuant to, the terms of the Warrant Agreement and this Agreement, the OTM Warrants will constitute valid and binding obligations of the Company, enforceable in accordance with their terms.
Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, the OTM Warrants will be duly and validly issued and the Shares issuable upon exercise of the OTM Warrants will be duly and validly issued, fully paid and nonassessable.
The Company has duly authorized the issuance and sale of the OTM Warrants to the Purchasers.
On the date of this Agreement, the Company has entered into and delivered to the Underwriters a warrant agreement with respect to the Public Warrants underlying the Units, the Private Placement Warrants underlying the Private Placement Units, and the OTM Warrants and certain other warrants that may be issued by the Company with Continental substantially in the form filed as an exhibit to the Registration Statement (the “Warrant Agreement”).
On or prior to the Closing Date and each Option Closing Date, if any, the Company shall have caused the applicable proceeds from the Private Placements to be deposited into the Trust Account in accordance with the Purchase Agreements and the OTM Warrants Agreement.
The Company will reserve and keep available that maximum number of its authorized but unissued securities which are issuable upon exercise of the Public Warrants, the Private Placement Warrants, and the OTM Warrants outstanding from time to time.
On the Closing Date, the Company shall either, at its option, deliver to the Purchaser on such date certificates evidencing the OTM Warrants purchased by the Purchaser and duly registered in the Purchaser’s name, or effect such delivery in book-entry form.
Prior to the consummation of the Business Combination, the Company shall not amend, modify or otherwise change the Warrant Agreement, the Trust Agreement, the Registration Rights Agreement, the Purchase Agreement, the OTM Warrants Agreement or any Insider Letter without the prior written consent of the Representative, which will not be unreasonably delayed, conditioned or withheld.