Put Warrant definition
Examples of Put Warrant in a sentence
In addition to the Incentive Warrant (as defined hereinafter), on the Subscription Date, the Company shall issue to the Investor an Early Put Warrant with an exercise price of $0.01 for each share of Common Stock.
The Placement Agents identified on Schedule A hereto shall receive aggregate commissions in connection with the closing of the Put as follows: (i) one Company Share for each ten (10) Put Shares purchased by the Subscriber; and (ii) one Put Warrant for each $2 of Put purchase price paid by a Subscriber in connection with the Put.
Form of Reverse of Put Warrant.................................................................
Water Science and ▇▇▇▇▇▇▇ hereby each agree that neither shall take any action (directly or indirectly) as a shareholder of the Company to cause the Company (including, without limitation, its board of directors) to terminate the put rights of the Company set forth in the Put Warrant, or to cause the Company (including, without limitation, its board of directors) to waive or release such rights in any manner.
In the event that the exercise of this Early Put Warrant, in full or in part, would result in the issuance of any fractional share of Common Stock, then in such event the Warrant Holder shall receive in cash an amount equal to the Bid Price of such fractional share within five (5) Trading Days.
The Company shall at all times reserve and keep available, solely for issuance and delivery as Early Put Warrant Shares hereunder, such shares of Common Stock as shall from time to time be issuable as Early Put Warrant Shares.
Separation of Linked Securities into its component Warrants: An investor may separate a Linked Security into its component Call Warrant and Put Warrant.
Subject to Section 7.2 hereof, the Initial Warrant and the Put Warrant shall each have a term from its date of issuance of three (3) years.
The resale of the shares of Common Stock or other securities issuable upon exercise or exchange of this Early Put Warrant is subject to the provisions of the Registration Rights Agreement (as defined below).
On the Initial Closing, the Investor shall receive the "Initial Warrant", and on each Settlement Date the Investor shall receive (i) a Put Warrant and (ii) a Short Term Warrant.