Examples of Restricted Warrants in a sentence
Restricted Warrants will bear the Restricted Warrant Legend unless removed in accordance with Section 2.4. Upon the occurrence of an Effective Registration, all requirements with respect to legends on Warrants will cease to apply, and certificated Warrants without legends will be available to the Holders.
If less than the entire amount of principal and interest due and payable under the Note is converted, a pro-rata portion of the Restricted Warrants based upon the amount of the Note which is converted compared to the total amount of the Note prior to conversion, shall be immediately exercisable in whole or in part at any time until the Warrant Expiration Date.
The Restricted ADWs issued upon the deposit of Restricted Warrants shall be separately identified on the books of the Depositary and the Restricted Warrants so deposited shall be held separate and distinct from the other Deposited Securities held hereunder.
The Depositary shall, at the request and expense of the Company, establish procedures enabling the deposit hereunder of Warrants that are Restricted Securities in order to enable the holder of such Warrants to hold its ownership interests in such Restricted Warrants in the form of ADWs issued under the terms hereof (such Warrants, "Restricted Warrants").
For example, if fifty percent (50%) of the Note is converted, one half of the Restricted Warrants would be exercisable.