Examples of Second Warrant Shares in a sentence
The Company has agreed to list, and will use its reasonable best efforts to maintain the listing of, the Warrant Shares and Second Warrant Shares on Nasdaq consistent with the terms of the Securities Purchase Agreement.
The Company covenants that all Warrant Shares and Second Warrant Shares so issuable and deliverable shall, upon issuance and the payment of the applicable Exercise Price in accordance with the terms hereof, be duly and validly authorized, issued, fully paid and nonassessable.
Notwithstanding the foregoing, upon a Change in Control (as defined in the Company’s Senior Subordinated Note due 2010, dated the date hereof (the “Note”)), the Warrant to purchase the Second Warrant Shares shall become immediately exercisable.
Upon exercise of the Second Tranche Warrants, in whole or, from time to time, in part, and upon payment of the exercise price therefor, in accordance with the terms of the Second Tranche Warrants, the Purchasers will acquire good and marketable title to the Second Warrant Shares, free and clear of all Liens, and such Second Warrant Shares shall be validly issued, fully paid and nonassessable.
Upon full exercise of the Second Subscription Rights attached to the Second Warrants with Second Mandatory Exercise Rights, a total of 688,275,820 Second Warrant Shares with par value of HK$0.001 each will be issued under the Second Specific Mandate.
This essentially was the hope of the central banks of the United States and Europe in 2008–2009, with their foray into quantitative easing.
If the number of unexercised Warrants representing Second Warrant Shares then held by the Holder is insufficient to cover any adjustment downward, then the Holder shall return to HSA a number of Second Warrant Shares necessary to meet such shortfall, and HSA shall refund to the Holder the Exercise Price paid by the Holder for such returned Second Warrant Shares.
Subject to any adjustments under Section 3 of the Warrant Agreements, the exercise price of the First Warrant Shares shall be equal to either seventeen cents ($0.17) or twenty cents ($0.20) for each Warrant Share exercised under the First Warrants, and the exercise price of the Second Warrant Shares shall be equal to nine and one half ($0.095) cents for each Warrant Share exercised under the Second Warrants, as provided in the Warrant Agreements.
The term "Registrable Securities" as defined in the Agreement is hereby amended to include without limitation the Second Warrant Shares at any time the Second Warrant Shares are shares of Common Stock of the Company and any shares of Common Stock of the Company issued as a dividend or other distribution on or with respect to or in exchange for or replacement of the Second Warrant Shares.
All expenses incurred in connection with the registration of the Second Warrant Shares, including without limitation all registration and qualification fees, accounting fees, fees and disbursements of counsel for the Company, and reasonable fees and expenses of a single special counsel for the Holder, up to a maximum of $25,000, will be borne by the Company.