This Article 3 is subject to adjustment in accordance with the terms of the Sulliden Warrants.
Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.
SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.
Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.
Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.
Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).
Series D Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years, in the form of Exhibit C attached hereto.
Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).
Broker Warrants has the meaning ascribed to such term in Section 12 hereof;
Special Warrants means the special warrants issued by the Company, at a price of $0.10 per Special Warrant, pursuant to the Special Warrant Private Placement and entitling the holder thereof to acquire, for no additional consideration, one Common Share pursuant to the terms and conditions in the Special Warrant Certificates; and
Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall vest and be exercisable ratably commencing on the exercise of the Series B Warrants held by the Purchaser (or its assigns) and have a term of exercise equal to 5 years from the date of issuance, in the form of Exhibit C attached hereto.
Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.
Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.
Placement Warrants shall have the meaning given in the Recitals hereto.
Initial Warrants means the warrants of the Company to purchase shares of Common Stock underlying the Initial Units issued and outstanding prior to the IPO.
Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.
Parent Warrants means the outstanding warrants to purchase Parent Common Stock.
Agent’s Warrants means the share purchase warrants of the Issuer which will be issued as part of the Agent’s Fee and which have the terms provided in this Agreement and the certificates representing such share purchase warrants;
Private Placement Warrants shall have the meaning given in the Recitals hereto.
Company Warrants means warrants to purchase shares of Company Common Stock.
Private Warrants means the Warrants the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.
New Warrants means those certain warrants to purchase New Valaris Equity on the terms set forth in the New Warrant Agreement.
Purchaser Securities means the Purchaser Shares, Purchaser Rights, Purchaser Units, Purchaser Warrants, collectively.
Private Placement Warrants Purchase Agreement shall have the meaning given in the Recitals hereto.
Lock-Up Securities shall have the meaning set forth in Section 4.1.
Investor Warrants has the meaning given it in the recitals of this Agreement.
Sponsor Warrants shall have the meaning given in the Recitals hereto.