Examples of Target Warrant in a sentence
At the Effective Time and without any action on the part of the holder, each outstanding warrant (a "Target Warrant") granted by Target to purchase Target Shares shall be converted into the right to purchase the Merger Consideration in lieu of each Target Share issuable upon exercise of such Target Warrant upon payment of the exercise price per Target Share of such outstanding Target Warrant.
At the Effective Time and without any action on the part of the holder, each outstanding Target Warrant shall be converted into the right to purchase the Merger Consideration in lieu of each Target Share issuable upon exercise of such Target Warrant upon payment of the exercise price per Target Share of such outstanding Target Warrant.
Target has delivered to Acquiror true and complete copies of each warrant and warrant agreement evidencing each Target Warrant and each form of agreement or stock option plan evidencing each Target Option.
Each Target Warrant shall be cancelled and no longer be outstanding at or immediately prior to the Effective Time.
Further, if any conditions arise due to Buyer’s method of obtaining the cash to close, they will be the sole responsibility of Buyer to satisfy any/all conditions.
The consideration for the cancellation of each Target Warrant shall be (x) the amount by which the Merger Consideration exceeds the per share exercise price of such Target Warrant multiplied by (y) the number of Target Common Shares covered by the outstanding portion of the cancelled Target Warrant.
Parent acknowledges and shall assume the obligations under the Target Warrants and under each warrant indenture governing the Target Warrants (the “Target Warrant Indentures”) to issue Parent Common Shares upon exercise of such Target Warrants and, if required by the Target Warrant Indentures, shall issue a warrant certificate to each holder of Target Warrants confirming such assumption.
Target has made available in the Data Room true and complete copies of each warrant and warrant agreement evidencing each Target Warrant and each form of agreement or stock option plan evidencing each Target Option.
The “brownfield” scope for the existing platform was as challenging as the module design itself, involving extensive offshore work on a producing platform.
Each Target Option and ------------------------------------- each Target Warrant shall be assumed by Parent in accordance with Section 6.11 ------------ hereof.