Examples of Subsequent Units in a sentence
Subsequent Units shall become available at the rate of one Unit every three consecutive months of employment until 12 months have been completed.
The Offered Units, Compensation Units and Subsequent Units upon issuance, will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the Company.
Upon request by the Corporation, the Warrant Agent shall furnish to the Corporation a cancellation certificate identifying the Warrant Certificates so cancelled, the number of Warrants evidenced thereby, the number of Subsequent Units, if any, issued pursuant to such Warrants and the details of any Warrant Certificates issued in substitution or exchange for such Warrant Certificates cancelled.
It is hereby understood that in order for persons to whom Subsequent Units are to be issued, to become holders of Subsequent Units on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.
The Corporation shall have the right to enforce full payment of the Exercise Price of all Subsequent Units issued by the Warrant Agent to a Registered Warrantholder hereunder and shall be entitled to demand such payment from the Registered Warrantholder or alternatively to instruct the Warrant Agent to cancel the Subsequent Share and Subsequent Warrant certificates and amend the securities register accordingly.
All Subsequent Units or shares of any class or other securities, which a Registered Warrantholder is at the time in question entitled to receive on the exercise of its Warrant, whether or not as a result of adjustments made pursuant to this Article 4, shall, for the purposes of the interpretation of this Indenture, be deemed to be Subsequent Units which such Registered Warrantholder is entitled to acquire pursuant to such Warrant.
The receipt of any such Registered Warrantholder of the Subsequent Units which may be acquired pursuant thereto shall be a good discharge to the Corporation and the Warrant Agent for the same and neither the Corporation nor the Warrant Agent shall be bound to inquire into the title of any such holder except where the Corporation or the Warrant Agent is required to take notice by statute or by order of a court of competent jurisdiction.
Notwithstanding anything herein contained, Subsequent Units will be issued upon exercise of a Warrant only in compliance with the securities laws of any applicable jurisdiction.
As to each Subsequent Closing, each Subsequent Closing Purchaser shall have delivered to the Company the total purchase price to be paid for such Subsequent Closing Purchaser’s Subsequent Units.
Section 4.1 Adjustment of Number of Subsequent Units and Exercise Price 28 Section 4.2 Entitlement to Common Shares on Exercise of Warrant.