Penalty Warrant definition

Penalty Warrant has the meaning ascribed to such term on the face page of this Agreement;
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Penalty Warrant shall have the meaning set forth in Section 9.2.
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Penalty Warrant means a five-year warrant to purchase 49,000 shares of Common Stock (subject to appropriate adjustment for any stock splits, stock dividends, reorganizations, reclassifications or other similar events by the Company after the date hereof) at a per share exercise price that is equal to the then-prevailing exercise price under the Warrant, and containing substantially similar terms as those contained in the certificate evidencing the Warrant. Capitalized terms defined in the introductory paragraph or the recitals to this Agreement shall have the respective meanings therein provided. Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in the Purchase Agreement or elsewhere in the Transaction Documents.
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Examples of Penalty Warrant in a sentence

  • In the event that the Company desires to repay this Note after the date of expiration of the Extension Period, then it shall give the Holder at least thirty (30) days prior written notice thereof, and the Holder shall have the right during such thirty (30) day period to exercise the Penalty Warrant upon the terms provided therein.

  • The Penalty Warrant may only be exercised by its holder in consideration for such holder's exchange and cancellation of this Note, which shall result in the Company's satisfaction of payment of the entire outstanding Principal Amount and all accrued interest thereon.

  • The maximum amount of Penalty Warrant shares is not expected to exceed 24,289 shares in any 30 day period.

  • A Penalty Warrant is due for each 30 period thereafter that the Company fails to obtain an effective registration statement until the shares may be sold without a registration statement.

  • Each Penalty Warrant shall be in substantially the form as attached as Exhibit B hereto.

  • The Company may also be required to issue warrants at an exercise price of $0.140535 per share in the event that the Company fails to obtain an effective registration statement for certain shares within two-hundred seventy (270) days from the closing of the Merger (the "Penalty Warrant").

  • The amount of shares for each Penalty Warrant shall, if any, shall be equal to one half of one percent (0.5%) of the shares eligible for inclusion in the registration statement.

  • Upon the Company's full payment of this Note, including all accrued interest thereon, the Penalty Warrant shall expire.

  • In the event clause (ii) in the preceding sentence applies then additional Penalty Warrants shall be issued, pursuant to this subsection, every three months after the first Penalty Warrant Issuance Date, as appropriate (each a "Penalty Warrant Issuance Date" and collectively the "Penalty Warrant Issuance Dates").

  • Such Penalty Warrant shall be issued on the day after the Prospectus or Registration statement becomes available, at the price and on the terms as provided by section 7.4(b), below.


More Definitions of Penalty Warrant

Penalty Warrant shall have the meaning set forth in Section 5.01(a)(3).
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Penalty Warrant means a warrant in favor of Lender or its designee issued by Borrower pursuant to the terms outlined in Section 9.3 hereof for the purchase of a number shares of Common Stock of Borrower equal to the amount specified on Exhibit B-1 or B-2 attached hereto, as applicable, at a price equal to the Warrant Price and substantially in the form of Exhibit C attached hereto.
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Penalty Warrant has the meaning set forth in SECTION 9.11 below.
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Penalty Warrant means those warrants described in paragraph 3(c) of this Agreement.
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Penalty Warrant means, in respect of each Unit, an additional 0.05 Warrants, issuable under the Special Warrant Indenture if the Receipt is not obtained within 60 calendar days of the Closing Date, subject to adjustment in accordance with Article 4 hereof;
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Related to Penalty Warrant

  • Company Warrant means a warrant to purchase shares of Company Capital Stock.

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

  • Company Warrants means warrants to purchase shares of Company Capital Stock.

  • Parent Warrants has the meaning set forth in Section 5.3(a).

  • 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.

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

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.

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

  • New Warrants means those certain warrants to purchase New Valaris Equity on the terms set forth in the New Warrant Agreement.

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

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Call Warrant As defined in the recitals.

  • 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.

  • 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”.

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

  • Insider Warrants is defined in the preamble to this Agreement.

  • 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.

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

  • 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.

  • Company Options means any options to purchase shares of Company Common Stock, whether granted pursuant to any of the Company Stock Plans or otherwise.

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • Warrant Exercise Price means $0.05 per share.

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