Examples of Series B Exercise Price in a sentence
Each of the Series A Exercise Price and the Series B Exercise Price may be referred to herein generically as an “Exercise Price.” For the avoidance of doubt, Warrants may be exercised solely on a net basis in the manner set forth in the immediately preceding sentence, and no Investor shall be required, or permitted, to pay any cash in connection with the exercise of Warrants.
The exercise price of any Series A Warrants, Series B Warrants or Series C Warrants issued in connection with any exercise of the Participation Right shall be the greater of (i) the issue price of the Common Shares in the Subsequent Offering, and (ii) the Initial Series A Exercise Price, Initial Series B Exercise Price or Initial Series C Exercise Price, as applicable.
Irrespective of any adjustments in the Series A Exercise Price, Series B Exercise Price or the number or kind of shares purchasable upon the exercise of the Warrants, Warrant Certificates theretofore or thereafter issued may continue to express the same price and number and kind of shares as are stated in the Warrant Certificates initially issuable pursuant to this Agreement.
The Warrant Agreement provides that, upon the occurrence of certain events, the Series B Exercise Price set forth on the face hereof may, subject to certain conditions, be adjusted.
The exercise price of any Series A Warrants, Series B Warrants or Series C Warrants issued in connection with any exercise of the Top-up Right shall be the greater of (i) the Market Price calculated as at the date on which the Exercise Notice relating to such Top-up Right is delivered and (ii) the Initial Series A Exercise Price, Initial Series B Exercise Price or Initial Series C Exercise Price, as applicable.
The Series A Exercise Price, the Series B Exercise Price and the number of Warrant Shares issuable upon the exercise of each Warrant are subject to adjustment from time to time upon the occurrence of the events enumerated in this Article 6.
Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants to the Optionee an option (the "Series B Option") to purchase all or any portion of One Hundred Fifty Thousand (150,000) shares of the Company's Common Stock at an exercise price of Eighty Cents ($0.80) per Share (the "Series B Exercise Price").
If there is any Share Combination Event at any time after the issuance of a Series B Warrant and the Event Market Price (as defined in the Series B Warrant) is less than the Series B Exercise Price then, on the sixteenth trading day following such Share Combination Event, the Series B Exercise Price then in effect will be reduced to the Event Market Price.
As an example, if the Market Price at the time of exercise is $0.11 (6.8% of the Series B Exercise Price), as of the subscription date, then, if the holders exercise all of the Series B Warrants remaining issued and outstanding as at March 28, 2018 for the Alternate Net Number, a total of 244,603,898 Series B Warrant Shares will be issued.
If the Company, at any time while this Warrant is outstanding, shall issue any additional shares of Common Stock (otherwise than as provided in Section 4a), at a price per share less than One Dollar ($1.00), then the Series B Exercise Price upon each such issuance shall be adjusted and reset to such issuance price.