Examples of Protective Warrant in a sentence
This Protective Warrant has been issued in a transaction exempt from the registration requirements of the Securities Act in reliance upon Section 4(2) of the Securities Act.
This Protective Warrant and the Protective Warrant Shares issuable upon exercise of this Protective Warrant may not be resold except pursuant to an effective registration statement or an exemption to the registration requirements of the Securities Act and applicable state laws.
If the Purchase Price on the Effective Date applicable to the corresponding Sale is lower than the Purchase Price on the Sale Date with respect to such Sale, this Protective Warrant shall become immediately exercisable, subject to clause (c) below.
For avoidance of doubt, the Company may elect such Cash-Out Option in the event that, inter alia, the number of Protective Warrant Shares plus the number of First Sale Shares and Subsequent Sale Shares exceeds the number of shares registered pursuant to Section 1.1(a) of the Registration Rights Agreement.
The undersigned requests that stock certificates for such Protective Warrant Shares be issued, and a Protective Warrant representing any unexercised portion hereof be issued, pursuant to this Protective Warrant in the name of the registered Registered Holder and delivered to the undersigned at the address set forth below.
The undersigned requests that such Protective Warrant be issued, and a Protective Warrant representing any unsold, unassigned or non-transferred portion hereof be issued, pursuant to this Protective Warrant in the name of the Registered Holder and delivered to the undersigned at the address set forth below.
In the event that the Protective Warrant is not exercised in full, the number of Protective Warrant Shares shall be reduced by the number of such Protective Warrant Shares for which this Protective Warrant is exercised, and the Company, at its expense, shall forthwith issue and deliver to the Warrant Holder a new Protective Warrant of like tenor in the name of the Warrant Holder or as the Warrant Holder may request, reflecting such adjusted number of Protective Warrant Shares.
In the event that the Warrant Holder exercises this Protective Warrant (in whole or in part) in accordance with Section 3 hereof, then the Company may, in lieu of issuing shares of Common Stock pursuant to such exercise, pay to the Investor the Cash-Out Price for any or all of the shares of Common Stock purchasable by the Investor through the exercise of this Protective Warrant (such payment, the "Cash-Out Option").
In the event of a Cashless Exercise, the Warrant Holder shall surrender this Protective Warrant for that number of shares of Common Stock determined by (i) multiplying the number of Protective Warrant Shares for which this Protective Warrant is being exercised by the Per Share Protective Warrant Value and (ii) dividing the product by the Bid Price of one share of the Common Stock on the Trading Day immediately preceding the Exercise Date.
Assuming the conditions of Section 11(a) above regarding registration or exemption have been satisfied, the Warrant Holder may sell, transfer, assign, pledge or otherwise dispose of this Protective Warrant, in whole or in part.