Penalty Warrants means those warrants described in paragraph 3(c) of this Agreement.

Penalty Warrants has the meaning ascribed thereto in Section 2.12;

Penalty Warrants means warrants having the same provisions as the Warrants and entitling the holders thereof to purchase a number of shares of Common Stock equal to the product of (x) 1,844,020 multiplied by (y) the quotient of (i) the lesser of 90 and the number of days after the Effectiveness Date on which the initial Registration Statement provided for in Section 2(a) was not effective under the 1933 Act divided by (y) 90.

Examples of Penalty Warrants in a sentence

If something hurts, they should stop and only resume if it feels better.
At the applicable time, and in any event, no later than two business days after the Penalty Warrants and the Penalty Units becoming issuable, the Corporation shall provide the Special Warrant Agent with a written direction for the issuance of the Penalty Warrants and the Penalty Units.
The obligation of the Corporation to issue Penalty Warrants hereunder shall cease when the Subscribers, Nugent, Baudanza, Horn and Investa no longer hold Registrable Securities.
The Penalty Warrants shall be exercisable for a period of five (5) years.
The issuance of such Penalty Warrants shall be the Investors' exclusive remedy for such events.

More Definitions of Penalty Warrants

Penalty Warrants has the meaning set forth in SECTION 9.11 below.

Penalty Warrants means warrants to purchase shares of Common Stock issuable to the Purchasers in the event that the Notes are not repaid in accordance with their terms.

Penalty Warrants has the meaning given to it on page 2 of this Agreement; (jj) “Person” includes any individual (whether acting as an executor, trustee administrator, legal representative or otherwise), corporation, firm, partnership, sole proprietorship, syndicate, joint venture, trustee, trust, unincorporated organization or association, and pronouns have a similar extended meaning;

Penalty Warrants shall have the meaning ascribed to such term in Section 7.1 of the Securities Purchase Agreement.

Penalty Warrants means the Penalty Warrants provided for in Section 8 of the Registration Rights Agreement.

Penalty Warrants shall have the meaning set forth in Section 7.1 hereof. ----------------

Penalty Warrants has the meaning set forth in Section 21.