Examples of Redemption Warrant in a sentence
The MMA—which the City and TxDOT executed in December 2007— expressly recognized that Chapter 311 of the Texas Transportation Code “gives the City exclusive dominion, control, and jurisdiction over and under the public streets within its corporate limits and authorizes the City to enter [into] agreements with the State to fix responsibilities for maintenance, control, supervision, and regulation of State highways within and through its corporate limits.” See Tex.
The Company understands that the number of shares of Common Stock issuable pursuant to the Amended Note, the Amended Warrant, the Redemption Warrant, the Other Note and the other securities issuable pursuant to the Other Purchase Agreement or the Other Note may be substantial and that such issuance may have a dilutive effect on the Company's equity capitalization.
In the redemption, the Series A Preferred holder received $500,000 in cash, the Redemption Debenture with a present value of approximately $2,999,000 and the Redemption Warrant with a fair value of approximately $2,801,000, determined using the Black Scholes pricing model, and waived the Series A Preferred’s conversion right with an intrinsic value of approximately $792,000, resulting in total consideration given to the Series A Preferred holder of approximately $5,508,000.
The Company acknowledges that, for purposes of determining the holding period under Rule 144 for Underlying Shares issued upon conversion of, or in lieu of cash payment of interest on, the Note, the holding period of such Underlying Shares shall be tacked to the holding period of the Note and for purposes of determining the holding period under Rule 144 for the Redemption -21- Warrant, the holding period of the Redemption Warrant may be tacked to the holding period of the Note.
Signature of Witness: ____________________________________________________ Address of Sole/ 1st holder : Note: To avoid the incidence of fraudulent encashment of the warrants, Members are requested to intimate the Company under the signature of the sole/ first joint holder, the following information, so that the Bank Account Number, Name & address of the Bank can be printed on the Dividend/ Interest/ Redemption Warrant.
Signature of Witness: Address of Sole/ 1st holder: Note: To avoid the incidence of fraudulent encashment of the warrants, Members are requested to intimate the Company under the signature of the sole/ first joint holder, the following information, so that the Bank Account Number, Name & address of the Bank can be printed on the Dividend/ Interest/ Redemption Warrant.
Signature of Witness: Address of Sole/ 1st holder : _________________________________________________Note: To avoid the incidence of fraudulent encashment of the warrants, Members are requested to intimate the Company under the signature of the sole/ first joint holder, the following information, so that the Bank Account Number, Name & address of the Bank can be printed on the Dividend/ Interest/ Redemption Warrant.
The proceeds of the sale of the Note and the Warrant hereunder and of the exercise of the Warrant and the Redemption Warrant shall be used by the Company for working capital and general corporate purposes.
The Redemption Warrant issuable upon such redemption (based on the principal amount of the Note outstanding on the date this Notice is given) initially will entitle the holder to purchase 145,032 shares of Common Stock at a price of $5.38 per share.
The Company acknowledges that, for purposes of determining the holding period under Rule 144 for Underlying Shares issued upon conversion of, or in lieu of cash payment of interest on, the Note, the holding period of such Underlying Shares shall be tacked to the holding period of the Note and for purposes of determining the holding period under Rule 144 for the Redemption Warrant, the holding period of the Redemption Warrant may be tacked to the holding period of the Note.