Examples of Termination Warrants in a sentence
The Company shall promptly secure the listing of all of the Termination Securities upon each national securities exchange and automated quotation system, if any, upon which shares of Common Stock are then listed (subject to official notice of issuance) and shall maintain, so long as any other shares of Common Stock shall be so listed, such listing of all Termination Securities from time to time issuable under the terms of the Termination Warrants or the Agreement.
Subject to the accuracy as to factual matters of the Buyers' representations in Section 3(c), the issuance by the Company of the Termination Warrants and the Termination Shares is exempt from registration under the 1933 Act.
The Company hereby agrees to issue the Termination Warrants on the date of this Agreement.
Franklin closely monitors delinquencies as a means of maintaining asset quality and reducing credit risk.
If the Borrower has delivered to the Holders on or prior to October 31, 1999 a Sale Agreement, but such agreement terminates for any reason after such date, then pursuant to the Warrant Agreement the Borrower is obligated to issue on the date of such termination (the "Termination Date") to General Atlantic and the Cayre Family warrants to purchase, at an exercise price per share equal to $.01, an aggregate of 2,500,000 shares of common stock of the Borrower (the "Termination Warrants").
The Company has all requisite power and authority to execute, deliver and perform the Agreement and the Termination Warrants and to issue the Termination Shares in accordance with the terms thereof.
A number of shares of Common Stock has been duly authorized and reserved for issuance which equals 100% of the number of shares of Common Stock issuable upon exercise of the Termination Warrants (subject to adjustment pursuant to the Company covenants set forth in the Termination Warrants).
Neither the Company, nor any of its affiliates, nor any Person acting on its or their behalf, has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D) in connection with the offer of the Termination Warrants.
If the conditions to the Second Closing set forth in Section 7(b) are satisfied, and the Company elects not to exercise the Second Closing Option within two (2) business days of the satisfaction of such condition, the Company shall issue Second Closing Termination Warrants to purchase a number of shares equal to twenty percent (20%) multiplied by the quotient equal to $750,000 divided by the Implied Closing Price at an exercise price equal to the Implied Closing Price multiplied by 1.35.
The Company and the Buyers agree that the definition of Initial Registrable Securities in the Registration Rights Agreement is hereby amended to included the General Registrable Securities (as that term is amended by this Agreement) relating to the Termination Warrants issued on or prior to the trading day immediately preceding the date the Initial Registration Statement is initially filed with the SEC.