Private Warrants means the Warrants the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.
Parent Warrant means each Parent Private Warrant and Parent Public Warrant.
Parent Warrants has the meaning set forth in Section 5.3(a).
Call Warrant As defined in the recitals.
SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.
Company Warrant means a warrant to purchase shares of Company Capital Stock.
Private Placement Warrants Purchase Agreement shall have the meaning given in the Recitals hereto.
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.
Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).
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.
Private Placement Warrants shall have the meaning given in the Recitals hereto.
Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.
Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.
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.
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.
Company Warrants means warrants to purchase shares of Company Capital Stock.
Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.
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.
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”.
Placement Warrants shall have the meaning given in the Recitals hereto.
Investor Warrants has the meaning given it in the recitals of this Agreement.
Public Warrants means the warrants included in the public units issued in the IPO, each of which is exercisable for one share of Common Stock, in accordance with its terms.
Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.
Parent Ordinary Shares means the ordinary shares, no par value per share, of Parent.
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.
Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.