Examples of Series L Warrants in a sentence
Upon exercise in accordance with the terms of the Series L Warrants, the Series L Warrant Shares, when issued, will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights or Liens with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock.
The form of Exercise Notice (as defined in the Warrants) included in the Series L Warrants sets forth the totality of the procedures required of the Buyer in order to exercise the Series L Warrants.
Upon receipt of the Common Shares and the Warrants at the Closing, upon receipt of Series K Warrant Shares upon exercise of the Series K Warrants and upon receipt of Series L Warrant Shares upon exercise of the Series L Warrants, the Buyer will have good and marketable title to such Common Shares, Warrants, Series K Warrant Shares and Series L Warrant Shares, respectively.
The Required Reserve Amount (including, without limitation, each increase in the number of shares so reserved) shall be allocated pro rata among the holders of the Series L Warrants based on number of shares of Common Stock issuable upon exercise of Series L Warrants held by each holder on the Closing Date (without regard to any limitations on exercise) or increase in the number of reserved shares, as the case may be (the “Authorized Share Allocation”).
The Company shall also issue Rxxx a Warrant to purchase 5.0% of the Shares and Series L Warrants sold in the Offering as part of the Units (for the avoidance of doubt, excluding any Warrant Shares (as defined below) issuable upon exercise of the Series K Warrants).
This Warrant is one of the Prepaid Series L Warrants to Purchase Common Stock (the “Series L Warrants”) originally issued pursuant to Section 1 of the Placement Agency Agreement, dated as of February 1, 2017 (the “Subscription Date”), by and among the Company and Roth Capital Partners, LLC and/or the Securities Purchase Agreement.
Any shares of Common Stock reserved and allocated to any Person which ceases to hold any Series L Warrants shall be allocated to the remaining holders of Series L Warrants, pro rata based on the number of shares of Common Stock issuable upon exercise of the Series L Warrants then held by such holders (without regard to any limitations on exercise).
The initial number of shares of Common Stock reserved for exercise of this Warrant and the other Series L Warrants and each increase in the number of shares so reserved shall be allocated pro rata among the Holder and the holders of the other Series L Warrants, based on the number of shares of Common Stock issuable upon exercise of this Warrant (without regard to any limitations in exercise) issued to the Holder on the Issuance Date (the “Authorized Share Allocation”).
In the event that a holder shall sell or otherwise transfer any of such holder’s Series L Warrants, each transferee shall be allocated a pro rata portion of such holder’s Authorized Share Allocation.
Any shares of Common Stock reserved and allocated to any Person which ceases to hold any Series L Warrants shall be allocated to the Holder and the remaining holders of Series L Warrants, pro rata based on the shares of Common Stock issuable upon exercise of the Series L Warrants then held by such holders (without regard to any limitations on the exercise of the Series L Warrants).2.