Warrant Exercise Rate definition

Warrant Exercise Rate means initially one (1) share of Common Stock, subject to adjustment or amendment from time to time in accordance with Article IV.
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Warrant Exercise Rate in effect at any time means:
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Warrant Exercise Rate means initially 1.625 shares of Common Stock, subject to adjustment from time to time in accordance with Section 5.
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Examples of Warrant Exercise Rate in a sentence

  • If an adjustment to the Warrant Exercise Rate is made in respect of any distribution of the type described in this clause (c) but such distribution is not so made, the Warrant Exercise Rate shall be readjusted, effective as of the date the Board of Directors determines not to make such distribution, to the Warrant Exercise Rate that would then be in effect at such time had no such adjustment been made.

  • The form of Warrant Certificate need not be changed because of any adjustment made pursuant to this Article IV, and Warrant Certificates issued after such adjustment may state the same Warrant Exercise Rate as are stated in any Warrant Certificates issued prior to such adjustment.

  • Any adjustment to the Warrant Exercise Rate under this clause (c) shall be made immediately after the Close of Business on the last day of the Valuation Period, but shall become effective at the open of business on the Ex-Date for the Spin-Off, subject to Section 4.02(b).


More Definitions of Warrant Exercise Rate

Warrant Exercise Rate means, (i) for the Series K Warrants, the Series K Warrant Exercise Rate, (ii) for the Series A Warrants, the Series A Warrant Exercise Rate and (iii) for the Series Z Warrants, the Series Z Warrant Exercise Rate.
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