Examples of Series C-1 Warrants in a sentence
The number and kind of warrants issuable upon exchange of the Note shall be determined as follows: Series C-1 Warrants.
The Company shall deliver to each Purchaser its respective Shares or Series D Warrants (as applicable to such Purchaser) and Series C-1 Warrants and Series C-2 Warrants as determined pursuant to Section 2.2(a), and the Company and each Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Closing.
Each Purchaser acknowledges that, concurrently with the Closing and pursuant to the Prospectus, the Company may sell up to $_____ of additional Securities to purchasers not party to this Agreement, and will issue to each such purchaser such additional Shares, Series C-1 Warrants and Series C-2 Warrants or Series D Warrants, Series C-1 Warrants and Series C-2 Warrants in the same form and at the same Per Share Purchase Price or Pre-Funded Warrant Purchase Price.
The purchase price shall be calculated under the terms of the Corporation's Special Warrant Offer, offered to the Corporation's warrantholders in June 2004, the terms of which Holder was unable to take advantage because of the 9.999% exercise limitation on the Series C-1 Warrants and Series C-2 Warrants (the "BLOCKER").
At the Closing, the Company shall have issued to the Purchasers Series C-1 Warrants and Series C-2 Warrants to purchase up to an aggregate of Four Million Two Hundred Eighty Five Thousand Seven Hundred Fourteen (4,285,714) shares of Common Stock.
Upon receipt by the Corporation of a facsimile copy of this Note from the Holder, the Corporation shall immediately send, via facsimile, a confirmation to the Holder stating that this Note has been received, the date upon which the Corporation expects to deliver the Series C-1 Warrants and the Series C-2 Warrants (the “Warrants”) issuable upon such exchange and the name and telephone number of a contact person at the Corporation regarding the conversion.
It is further our opinion that the Series A-1 Warrant Shares, Series B-1 Warrant Shares, Series C-1 Warrant Shares, Series D-1 Warrant Shares and Series E-1 Warrant Shares have been duly authorized and, upon issuance, payment therefor and delivery in accordance with the terms, as applicable, of the Series A-1 Warrants, Series B-1 Warrants, Series C-1 Warrants, Series D-1 Warrants and Series E-1 Warrants, will be legally issued, fully paid and non-assessable.
The Company agrees to issue to each of the Purchasers Series C-1 Warrants to purchase 5,000 shares of Common Stock for each Preferred Share purchased and Series C-2 Warrants to purchase 5,000 shares of Common Stock for each Preferred Share purchased.
By execution of this Note, Holder hereby delivers its request to remove the Blocker, as required under the Series C-1 Warrants and Series C-2 Warrants, once the requisite Stockholder Approval has been received by the Corporation.
That the undersigned acknowledge and agree that the Series C-1 Warrants, to the extent not previously exercised, will terminate and be of no further force and effect immediately prior to the Effective Time.