Warrant Coverage definition

Warrant Coverage means 2.95% times the aggregate principal amount of Term Loan Advances (as defined in the Loan Agreement) made and funded by the Warrantholder under the Loan Agreement from time to time.

Warrant Coverage means [Two Hundred Thousand Dollars ($200,000.00)]1 [0.80% of such amount advanced under Tranche 2, Tranche 3, Tranche 4 or Tranche 5 (as defined and set forth in the Loan Agreement), as applicable to the tranche under which the Agreement was entered into by the parties hereto in connection with the Term Loan Advance (as defined in the Loan Agreement)]2.

Warrant Coverage initially means $328,300; provided however, that upon any Advance under the Loan Agreement, Warrant Coverage means the sum of: (i) $328,300 plus (ii) 98% times 3.30% times the amount of all Advances made under the Loan Agreement.

Examples of Warrant Coverage in a sentence

• This Warrant shall be exercisable for a number of shares of Common Stock equal to the quotient derived by dividing (i) the Warrant Coverage by (ii) the Exercise Price, subject to adjustment from time to time in accordance with the provisions of this Warrant.

• For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, an aggregate number of fully paid and non-assessable shares of Common Stock equal to the quotient derived by dividing (a) the Warrant Coverage (as defined below) by (b) the Exercise Price (as defined below).

• Subject to any previous exercise of the Warrant, the Holder shall have the right to purchase up to the number of Shares that equals the quotient obtained by dividing: (i) the Warrant Coverage Amount, by (ii) the Conversion Price, prior to (or in connection with) the expiration of this Warrant as provided in Section 8.

• For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, an aggregate number of fully paid and non-assessable shares of the Preferred Stock equal to the quotient derived by dividing (a) the Warrant Coverage (as defined below) by (b) the Exercise Price (defined below).

• Y — The number of shares of Common Stock purchasable under this Warrant which equals (a) the Warrant Coverage Amount divided by (b) the Exercise Price.

More Definitions of Warrant Coverage

Warrant Coverage. The Purchaser will be entitled to warrants to purchase the same number of Shares (the "Purchased Warrants"). The shares of Common Stock into which the Warrants are exercisable (the "Warrant Shares") will have piggyback registration rights as provided in this Agreement.

Warrant Coverage means $1,890,000.

Warrant Coverage means [1.00% of such amount advanced under Tranche 1-A, Xxxxxxx 0-X, Xxxxxxx 0-X, Tranche 1-D, Tranche 2-A, Tranche 2-B or Tranche 3 (as defined and set forth in the Loan Agreement), as applicable to the tranche under which the Agreement was entered into by the parties hereto in connection with the Term Loan Advance (as defined in the Loan Agreement)]1.

Warrant Coverage means One Hundred Thousand Dollars ($100,000).

Warrant Coverage means the percentage obtained by dividing (i) the aggregate exercise price of the warrant(s) (i.e., the product of (A) the exercise price of the warrant(s) issued in connection with the transaction and (B) the total number of shares of capital stock issuable upon exercise of the warrant(s)) by (ii) the total principal amount of the loan or lease transaction associated with the issuance of the warrants.

Warrant Coverage means Two Hundred Thousand Dollars ($200,000.00).”

Warrant Coverage in Section 1(a) of the Agreement is hereby deleted in its entirety.