Underlying Warrant definition

Underlying Warrant means the Subordinated Voting Share purchase warrant of the Company of which one- half forms part of the Qualified Unit. Each Underlying Warrant entitles the holder thereof to acquire one additional Warrant Share at CAD$0.25 per Warrant Share for one year following the date of issuance;

Underlying Warrant means one common share purchase warrant, each being exercisable to acquire one Common Share for a period of 36 months following the Closing Date at a price of $1.50 per Common Share;

Underlying Warrant means one whole Common Share purchase warrant, each being exercisable to acquire one Common Share for a period of twenty- four (24) months following the Closing Date at a price of $1.00 per Common Share, subject to adjustment in accordance with Article 4 ;

Examples of Underlying Warrant in a sentence

• Upon exercise of the Underlying Warrants, the Company shall forthwith issue to the registered Holder of any such Underlying Warrant in his name or in such name as may be directed by him, certificates for the number of shares of Common Stock so purchased.

• Thereafter, the Underlying Warrants shall be exercisable at such adjusted Underlying Warrant exercise price for such adjusted number of underlying shares of Common Stock or other securities, properties or rights.

• The Underlying Warrants shall be transferrable in the manner provided in the Warrant Agreement, and upon any such transfer, a new Underlying Warrant certificate shall be issued promptly to the transferee.

• The Underlying Warrants shall be transferable in the manner provided in the Public Warrant Agreement, and upon any such transfer, a new Underlying Warrant shall be issued promptly to the transferee.

• None of the Warrants, the Shares, the Underlying Warrants, or the Underlying Warrant Shares have been registered for purposes of public distribution under the Securities Act of 1933, as amended (the "Act").

More Definitions of Underlying Warrant

Underlying Warrant means the warrant or warrants specified as such in the Final Terms.

Underlying Warrant permits the Holder thereof to purchase, at any time from the Purchase Date until five (5) years from the Purchase Date, one (1) share of the Company's Common Stock at the Exercise Price of $____ per share. Any exercise of Common Stock Representative Warrants and/or Warrant Representative Warrants and/or Underlying Warrants shall be effected by surrender of this Warrant Certificate and payment of the Exercise Price at an office or agency of the Company, but subject to the conditions set forth herein and in the Representative's Warrant Agreement dated as of _____, 1997, between the Company and First London Securities Corporation (the "Representative's Warrant Agreement"). Payment of the Exercise Price shall be made by certified check or official bank check in New York Clearing House funds payable to the order of the Company in the event there is no cashless exercise pursuant to Section 3.1(ii) of the Representative's Warrant Agreement. The Common Stock Representative Warrants, the Warrant Representative Warrants, and the Underlying Warrants are collectively referred to as "Warrants". No Warrant may be exercised after 5:30 p.m., Eastern Time, on the Expiration Date, at which time all Warrants evidenced hereby, unless exercised prior thereto, hereby shall thereafter be void.

Underlying Warrant has the meaning assigned thereto in the SQUARZ Agreement.

Underlying Warrant means a warrant comprising part of a Unit, exercisable for a common share of the Corporation for two years from the Date of Issue at a price equal to $_____ if exercised on or before one year from the Date of Issue and at a price equal to $_____ if exercised in the second year; and

Underlying Warrant shall have the meaning given such term in the SQUARZ Agreement.

Underlying Warrant means a warrant to purchase one share of Common Stock at a price of $6.19 per share, and identical in form to the warrants sold in the Offering.

Underlying Warrant has the meaning specified in Section 5.2(a).