Examples of Warrant Percentage in a sentence
The demands of assigned activities and duties within the Brigade organization.
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.
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.
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.
For the avoidance of doubt, the Warrant Percentage shall not be reduced on account of any contributions to the Company by COPL that are applied to a Permitted Contribution Purpose (as defined in the Credit Agreement).