Examples of Second Closing Warrant in a sentence
In the event that the Second/Third Closing is not consummated by the 90th day after the Increase (as defined in the Securities Purchase Agreement) becomes effective, then this Warrant solely with respect to the Second Closing Warrant Shares and the Third Closing Warrants Shares shall automatically terminate and thereafter be null and void.
The Purchaser will pay to the Company a purchase price of $0.125 per underlying share for the issuance of the Second Closing Warrant.
The date on which the Second Closing occurs is hereinafter referred to as the “Second Closing Date.” At the Second Closing, the Company will deliver to the Purchaser (i) a statement of book entry position in the Purchaser’s name representing the Second Closing Shares (or other evidence of share ownership) and (ii) the Second Closing Warrant, against payment by the Purchaser of the Second Closing Aggregate Purchase Price by wire transfer in accordance with the Company’s instructions.
The Second Closing Shares, the Second Closing Warrants, and the Second Closing Warrant Shares are referred to herein collectively as the “Securities.” This opinion is rendered to the Investors pursuant to Section of the Agreement, and all terms used herein have the meanings defined for them in the Agreement unless otherwise defined herein.
If the Purchaser so elects to purchase the Second Closing Securities (and does not withdraw such election in accordance with the terms of this Agreement), subject to the terms and conditions of this Agreement, at the Second Closing (as defined below), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase and acquire from the Company, (i) the Second Closing Shares for the Second Closing Aggregate Purchase Price, and (ii) the Second Closing Warrant.
The Company shall have delivered to the Purchaser the Second Closing Warrant, duly executed by the Company.
On the other hand individually tailored agri-environmental management agreements have the highest PRTCs (25-66% of transfer) because of their high asset specificity and the low frequency of transactions (McCann and Easter 1999, Vatn et al., 2002, Rørstad et al., 2007, Ollikainen et al., 2008).
On the Second Closing Date, upon the terms and conditions set forth herein, the Company agrees to sell, and the Purchaser agrees to purchase, 925,926 shares of Common Stock (the “Second Closing Shares”) and the Second Closing Warrant, which closing shall occur no later than six (6) months from the date of the First Closing (the “Second Closing”).
The Second Closing Warrant shall be dated the date of this Amendment and shall expire on the fifth anniversary of the date of this Amendment.
Until such time as the full Subscription Amount for the Second Closing has been paid and delivered by the Holder to the Company pursuant to the Purchase Agreement (such date, the “Second Closing Payment Date”), the Warrants to purchase the Second Closing Warrant Shares shall not be exercisable.