Warrant Exercise Ratio definition

Warrant Exercise Ratio has the meaning set forth in in Paragraph 5.3 of Schedule 2.
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Warrant Exercise Ratio means the right to Subscribe for one (1) Share upon exercise
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Warrant Exercise Ratio means the number of new Shares that may be Subscribed upon exercise of one (1) Warrant;
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Examples of Warrant Exercise Ratio in a sentence

  • If the Issuer does not have sufficient shareholders’ authorizations available to issue new Shares to a Warrant holder upon exercise of a Warrant, the exercised Warrant shall be acquired by the Issuer, on the Trading Day following the Warrant Exercise Date, for a price equal to (i) the Warrant Exercise Ratio multiplied by (ii) the difference between (a) the closing price of the Share on the day prior to the Warrant Exercise Date and (b) the Warrant Exercise Price divided by the Warrant Exercise Ratio.

  • Right to subscribe for new SharesInnehavaren av Teckningsoptionerna har rätt att för varje Teckningsoption Teckna sig för det antal Aktier i Bolaget som motsvarar Optionsutnyttjandeförhållandet, genom att betala en Teckningskurs om 1,40 kronor.The Holder of the Warrants shall have the right for each Warrant to Subscribe to a number of Shares in the Company equal to the Warrant Exercise Ratio, by paying the Warrant Exercise Price of SEK 1.40.

  • Omräkning av Optionsutnyttjandeförhållandet och Teckningskursen kan ske i de fall som framgår av§ 8 nedan.The Warrant Exercise Ratio or the Warrant Exercise Price may be recalculated in the cases set forth in section 8 below.

  • Any Warrants holder exercising its rights may subscribe to a number of Shares, which is calculated by multiplying the Warrant Exercise Ratio in effect at such time by the number of the Warrants exercised.

  • Om Teckningsperioden förkortas i enlighet härmed ska Bolaget informera samtliga Innehavare om detta på lämpligt sätt.The Exercise Period shall automatically be reduced to one (1) year from the last Trading Day of a twenty (20) consecutive Trading Days’ period during which the daily VWAP of the Share is above 150% of the Warrant Exercise Price divided by the applicable Warrant Exercise Ratio, unless the applicable remaining Exercise Period is shorter than one (1) year.

  • For the sake of clarity, the Warrant Exercise Ratio shall correspond to the number of Shares which may be issued upon exercise of one(1) Warrant.

  • Omräkning av Optionsutnyttjandeförhållandet och Teckningskursen kan ske i de fall som framgår av § 8 nedan.The Warrant Exercise Ratio or the Warrant Exercise Price may be recalculated in the cases set forth in section 8 below.

  • The respective value of the Warrants #1, Warrants #3, Coordination Warrants and Backstop Warrants mainly depends on: (i) the proper characteristics to these categories of Warrants: exercise price of the Warrant, Exercise Ratio, exercise period and (ii) the characteristics of the underlying share and the market conditions: value and volatility of the underlying share notably.

  • For the sake of clarity, the Warrant Exercise Ratio shall correspond to the number of Shares which may be issued upon exercise of one (1) Warrant.

  • In the event of an adjustment carried out in accordance with conditions 1 to 9 below, the new Warrant Exercise Ratio will be determined to three decimal places and rounded to the nearest 1000th (0.0005 being rounded up to the next highest 1000th).


More Definitions of Warrant Exercise Ratio

Warrant Exercise Ratio has the meaning assigned in clause 5.3.2 hereof; Warrant Holder (or Holder) means the Warrants Subscribers and any subsequent holder of Warrants;
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Related to Warrant Exercise Ratio

  • Cashless Exercise Ratio means a fraction, the numerator of which is the excess of the Current Market Value per share of Common Stock on the Exercise Date over the Exercise Price per share as of the Exercise Date and the denominator of which is the Current Market Value per share of the Common Stock on the Exercise Date.

  • Warrant Exercise Price means $0.05 per share.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Warrant Share Number means at any time the aggregate number of shares of Warrant Stock which may at such time be purchased upon exercise of this Warrant, after giving effect to all prior adjustments and increases to such number made or required to be made under the terms hereof.

  • Conversion Ratio means the ratio (expressed as the number of Shares to which one Warrant relates) specified by the Issuer, subject to adjustments in accordance with these Conditions.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • Initial Warrant Exercise Date means __________, 1997.

  • Exercise Valuation Date means the first Scheduled Trading Day of the month following the expiry of 35 calendar days after the Exercise Date. For the avoidance of doubt, the 35 calendar day period is mandatory and non-waivable by either the Issuer or the Holder.

  • Adjusted Conversion Price means the lesser of the Fixed Conversion Price or the Floating Conversion Price one day prior to the record date set for the determination of stockholders entitled to receive dividends, distributions, rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, and (ii) the greater of (x) the Floor Price and (y) 80% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

  • Warrant Price as used in this Agreement shall mean the price per share at which shares of Common Stock may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not less than twenty (20) Business Days, provided, that the Company shall provide at least twenty (20) days prior written notice of such reduction to Registered Holders of the Warrants and, provided further that any such reduction shall be identical among all of the Warrants.

  • Cash Exercise with respect to Warrant Shares; and/or

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Warrant Value means the fair value of all warrants, options and other similar rights issued to a third party in connection with an Alternate Transaction, determined by using a standard Black-Scholes option-pricing model using a reasonable and appropriate expected volatility percentage based on applicable volatility data from an investment banking firm of nationally recognized reputation. Reference is made to the Common Stock Purchase Agreement dated as of May 4, 2011, (the “Purchase Agreement”) between Microvision, Inc., a corporation organized and existing under the laws of the State of Delaware (the “Company”), and Azimuth Opportunity Ltd., an international business company incorporated under the laws of the British Virgin Islands. Capitalized terms used and not otherwise defined herein shall have the meanings given such terms in the Purchase Agreement. In accordance with and pursuant to Section 3.1 of the Purchase Agreement, the Company hereby issues this Fixed Request Notice to exercise a Fixed Request for the Fixed Amount Requested indicated below. Fixed Amount Requested (if Alternative Fixed Amount Requested not selected): Alternative Fixed Amount Requested Cap (if Alternative Fixed Amount Requested is selected): Pricing Period start date: Pricing Period end date: Settlement Date: Fixed Request Threshold Price: On behalf of the Company, the undersigned hereby certifies to the Investor that (i) the above Fixed Amount Requested does not exceed the Maximum Fixed Amount Requested determined in accordance with Section 3.2 of the Purchase Agreement, (ii) the sale of Shares pursuant to this Fixed Request Notice shall not cause the Company to sell or the Investor to purchase shares of Common Stock which, when aggregated with all purchases made by the Investor pursuant to all prior Fixed Request Notices issued under the Purchase Agreement, would exceed the Aggregate Limit, and (iii) to the Company’s Knowledge, the sale of Shares pursuant to this Fixed Request Notice shall not cause the Company to sell or the Investor to purchase shares of Common Stock which would cause the aggregate number of shares of Common Stock then beneficially owned (as calculated pursuant to Section 13(d) of the Exchange Act and Rule 13d-3 promulgated thereunder) by the Investor and its Affiliates to exceed the Ownership Limitation. Dated: MICROVISION, INC. By: Name Title: Address: Facsimile No. AGREED AND ACCEPTED By: Name Title: 20 The undersigned, the [ ] of Microvision, Inc., a corporation organized and existing under the laws of the State of Delaware (the “Company”), delivers this certificate in connection with the Common Stock Purchase Agreement, dated as of May 4, 2011 (the “Agreement”), by and between the Company and Azimuth Opportunity Ltd., an international business company incorporated under the laws of the British Virgin Islands (the “Investor”), and hereby certifies on the date hereof that (capitalized terms used herein without definition have the meanings assigned to them in the Agreement):

  • Conversion Right has the meaning provided in Section 4.5(a) hereof.

  • Warrant Share means a Common Share issuable upon exercise of one Warrant;

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Net Exercise means a Net Exercise as defined in Section 6.3(b)(iii).

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Fixed Conversion Rates means the Maximum Conversion Rate and the Minimum Conversion Rate.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Aggregate Exercise Price means an amount equal to the product of (a) the number of Warrant Shares in respect of which this Warrant is then being exercised pursuant to Section 3 hereof, multiplied by (b) the Exercise Price.

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date. Unless and until the Current Warrant Price is adjusted pursuant to the terms herein, the initial Current Warrant Price shall be $2.36 per share of Common Stock.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.