Seller Warrant definition

Seller Warrant means the Warrant, dated as of the date hereof, in substantially the form attached hereto as Exhibit E.

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Seller Warrant has the meaning set forth in Section 3.06(b).

Seller Warrant means the common stock purchase warrant, dated May 7, 1998, issued by the Borrower to Adra Systems, Inc.

Examples of Seller Warrant in a sentence

• Notwithstanding the foregoing, any Seller Warrant with a Warrant Exercise Price that equals or exceeds the Fully Diluted Per Share Value shall be canceled with no consideration being paid to the warrantholder with respect to such Seller Warrant.

• All Seller Stock Options and Seller Warrants were granted at no less than “fair market value” for purposes of Section 409A of the Internal Revenue Code, and each Seller Stock Option and Seller Warrant is exempt from Section 409A of the Internal Revenue Code.

• Upon delivery of such form to the Surviving Entity, duly executed and completed in accordance with the instructions thereto, the holder of such Seller Option, Seller Warrant or Non-Plan Option shall be entitled to receive the amounts payable in cancellation of such security pursuant to Section 4.4(a) or (c), as applicable, and such form shall forthwith become the property of the Surviving Entity.

• In the event of any conflict between the terms of this Amendment and the Amended Seller Warrant Agreement, the terms of this Amendment shall govern.

• As modified hereby, the Amended Seller Warrant Agreement and its terms and provisions are hereby ratified for all purposes and in all respects.

• If exercised after the Effective Time, each Seller Warrant or Non-Plan Option that is not a Cancelable Warrant or Option will be paid in accordance with its terms by the Exchange Agent or the Surviving Entity.

• Except as set forth in Section 1 hereof, the terms and provisions of the Amended Seller Warrant Agreement remain in full force and effect without change, amendment, waiver or modification.

• From and after the date provided above, all references to the Amended Seller Warrant Agreement shall be deemed to be references to the Amended Seller Warrant Agreement as modified hereby.

• Buyer and Seller shall work cooperatively to facilitate the Seller Warrant Payouts.

• Seller and Buyer each shall use its reasonable best efforts to cause or facilitate (a) the purchase by Buyer or one of its Subsidiaries of, or (b) the repurchase or redemption by Seller of, (x) all of the issued and outstanding shares of the Series B Preferred Stock and, (y) at the election of Buyer, the Seller Warrant from the Treasury Department, in each case prior to or concurrently with the Effective Time of the Merger.

More Definitions of Seller Warrant

Seller Warrant means the Warrant in the form attached hereto as Exhibit D.

Seller Warrant means a warrant to acquire the number of shares of the Buyer’s common stock, $0.001 par value per share, as set forth in Exhibit A hereto; the Buyer and Seller expressly acknowledge and agree that Exhibit A hereto sets forth the material economic terms of the warrant and that the Buyer and Seller shall negotiate in good faith the other terms and conditions of the warrant prior to the Closing”; and

Seller Warrant means a warrant entitling the holder thereof, for a period of sixty (60) days following the Closing Date, to purchase one share of common stock of the Seller at an exercise price per share of the greater of (a) $0.75, and (b) the average closing price of the Seller’s common stock for the ten (10) trading day period ending the day immediately prior to the Closing Date; provided, that (x) the exercise price per share shall not exceed $1.20; (y) such warrants shall only be exercisable in cash; and (z) all shares of the Seller’s common stock issued upon the exercise of such warrants shall be subject to customary lock-up agreements restricting the pledge, sale, transfer or other disposition of such shares of common stock for a period of six (6) months following the exercise of such warrants.

Seller Warrant has the meaning set forth in the recitals to the Agreement.

Seller Warrant means any warrant to purchase shares of Seller Common Stock.