Examples of Purchased Warrants in a sentence
At the Closing, the Purchaser will make a wire transfer payment to the Company, to the account set forth on Exhibit B hereto, in an amount equal to the Purchase Price, which Purchase Price shall entitle the Purchaser, subject to the satisfaction of the terms and conditions herein, to receive the Shares and the Purchased Warrants.
Any amendment effected in accordance with this Section 9 shall be binding upon the Holder and the Company, provided that no such amendment shall be effective to the extent that it (1) applies to less than all Purchased Warrants then outstanding, (2) imposes any obligation or liability on the Holder without the Holder’s prior written consent (which may be granted or withheld in the Holder’s sole discretion) or (3) applies retroactively.
The issuance of the Underlying Shares upon exercise of the Purchased Warrants has been duly authorized, and the Underlying Shares have been, and at all times prior to such exercise will have been, duly reserved for issuance upon such exercise and, when so issued, will be validly issued, fully paid and non-assessable.
The parties agree that for purposes of allocating the price paid for the Purchased Securities, the Purchased Warrants have a nominal value.
Subject to their terms and conditions, the Purchased Warrants shall be exercisable at any time and from time to time from and after the six-month anniversary of the Closing Date through and including August 9, 2010.