Warrant Percentage definition

Warrant Percentage. As defined in Schedule A. Watchlist: As defined in the Compliance Rules.

Warrant Percentage shall have the meaning assigned in Section 4.5.

Warrant Percentage means fifteen percent (15%).

Examples of Warrant Percentage in a sentence

• Subject to the terms and conditions herein, the Holder is entitled to receive from the Company up to that number of fully paid and nonassessable Equity Securities (the “Warrant Equity Securities”) such that the quotient of (i) the number of Warrant Equity Securities, divided by (ii) the Pre-Financing Capitalization, equals the Warrant Percentage.

• If the Borrower makes a Half Turn Election, the Warrant Percentage will equal 1.5% and additional third party debt will be permitted as described below.

• Unless the purchase rights represented by this Warrant shall have expired or shall have been fully exercised, the Company shall, at the time of delivery of the certificate or certificates representing the Warrant Shares being issued in accordance with Section 3(c), deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unexpired and unexercised Warrant Percentage (or, following consummation of an Initial Public Offering, the unexercised Warrant Amount).

• If the Borrower makes a Full Turn Election, the Warrant Percentage will equal 2.5% and no additional debt other than the UST leverage will be permitted.

• Prior to the Company’s first Qualified Equity Financing, the Holder’s percentage ownership of the Company’s outstanding capitalization shall be deemed to be the Warrant Percentage.

More Definitions of Warrant Percentage

Warrant Percentage means, as of the time of determination, a number (1) the numerator of which is the number of shares of Common Stock issuable upon the exercise of any New Warrants or Pre-Emptive Rights Warrants then held by the Stockholder (collectively, the “Total Warrant Shares”) and (2) the denominator of which is the number of shares of Common Stock then held by the Stockholder plus the Total Warrant Shares.

Warrant Percentage as of any Exercise Date, means 10% less (i) in any case when a portion of this Warrant shall have been previously exercised on one specific occasion, the Exercised Percentage, or (ii) in the event that a portion of this Warrant shall have been previously exercised on more than one occasion, the sum of the Exercised Percentages calculated with respect to each such prior exercise. In the event that, as of any Exercise Date, a portion of this Warrant shall have been previously exercised on more than one occasion, the calculation of the Exercised Percentage with respect to each such prior exercise shall be made successively, commencing with the earliest such prior exercise.

Warrant Percentage means, with respect to a Warrantholder, the percentage of Warrants held by such Warrantholder when compared to the number of Warrants held by all Warrantholders. The Warrant Percentage for each Warrantholder is set forth on Schedule A next to the name of such Warrantholder.

Warrant Percentage means the percentage of equity interest of the Company subject to this Warrant as listed at the top of this Warrant.

Warrant Percentage means the Economic Interest Percentage that would be represented as of immediately prior to the Permitted Redemption solely by the shares of New Tracking Stock issuable upon exercise of any Warrants held by DoCoMo that were redeemed in such Permitted Redemption, if such Warrants had been exercised immediately prior to the Permitted Redemption.

Warrant Percentage means a fraction, the numerator of which is the number of Warrant Shares (other than Additional Warrant Shares) into which this Warrant is exercisable as of the date on which this Warrant becomes exercisable for Additional Warrant Shares and the denominator of which is the number of Warrant Shares (other than Additional Warrant Shares) into which all then outstanding Stock Purchase Warrants (as defined below) are exercisable as of such date. Notwithstanding the foregoing, the initial exercise price for the Additional Warrant Shares shall be set such that in no event shall the weighted average exercise price for the Warrant Shares (including the Additional Warrants Shares) be less than the greater of (i) the closing price of the Common Stock as reported by the American Stock Exchange on the Closing Date or (ii) the book value per share of the Common Stock on the Closing Date (in each case, as adjusted for stock splits, reverse stock splits, reclassifications, recapitalizations, consolidations, mergers or similar events occurring after the Closing Date).

Warrant Percentage for an IRN Holder is the percentage obtained by dividing (A) the aggregate principal amount of Existing Notes held by such IRN Holder, by (B) the aggregate principal amount of all outstanding Existing Notes (not including any Existing Notes held by the Company or its subsidiaries, if any).