Examples of Tranche 3 Warrant in a sentence
Represents the estimated maximum number of Topco Warrants to be issued in exchange for the issued and outstanding warrants of Noble issued pursuant to the Tranche 3 Warrant Agreement, dated as of February 5, 2021, by and among Noble, Computershare Inc.
The proposed maximum aggregate offering price of the Topco Warrants was calculated in accordance with Rule 457(c) under the Securities Act based on the average high and low price per Tranche 3 Warrant between December 13, 2021 and December 15, 2021 based on broker to broker trades (the latest available time period during which there was trading volume of broker to broker trades of the Tranche 1 Warrants).
Without duplication for the foregoing reduction (i.e., the maximum reduction in Number of Shares under this Section 1.9 is 2,400 shares), if the Tranche 3 Warrant Stock does not become convertible under Section 1.7 (i.e., the Company does not borrower Tranche 3), Holder’s right to convert this Warrant for 1,800 Shares of Warrant Stock may be terminated if the Company achieves the same foregoing performance thresholds.
The undersigned Warrantholder, being the holder of Warrants of Noble Corporation, a Cayman Islands exempted company (the “Company”), issued pursuant to that certain Tranche 3 Warrant Agreement, as dated February 5, 2021 (the “Warrant Agreement”), by and between the Company and Computershare Inc.
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Without duplication for the foregoing reduction (i.e., the maximum reduction in Number of Shares under this Section 1.9 is 30,000 shares), If the Tranche 3 Warrant Stock does not become convertible under Section 1.7 (i.e., the Company does not borrower Tranche 3), Holder’s right to convert this Warrant for 22,500 Shares of Warrant Stock may be terminated if the Company achieves the same foregoing performance thresholds.
The undersigned Warrantholder, being the holder of Warrants of Noble Corporation plc, a public limited company formed under the laws of England and Wales with registered number 12958050 (the “Company”), issued pursuant to that certain Tranche 3 Warrant Agreement, as dated September 30, 2022 (the “Warrant Agreement”), by and between the Company and Computershare Inc.
Land-based operations are expected to occur year-round, with aggregate stockpiled for ship loading once each week.