Warrant Sale definition
Examples of Warrant Sale in a sentence
Pursuant to the Note and Warrant Sale Agreement dated as of April 27, 2015 by and among the Atrop, Inc., a Florida corporation (formerly Autotropolis, Inc.), IBBF Ventures, Inc.
In connection with the Note and Warrant Sale Agreement, the Original Parties entered into a Stockholder Agreement dated as of April 27, 2015 (the “Original Agreement”).
Upon receipt of the Warrant Sale Notice, each of the other holders of Warrants and, in the manner provided in Section 7(c)(ii) below, each Management Stockholder (the "Tag-along Warrant Holders") shall have a right (a "Warrant Tag-along Right") to participate in the contemplated Transfer by delivering written notice (the "Warrant Tag-along Notice") to the Warrant Transferor and the Company within 30 days after receipt by the Tag-along Warrant Holders of the Warrant Sale Notice.
Notwithstanding the foregoing, if Acquisition Company does not exercise its Warrant Tag-along Right with respect to a Warrant Sale Notice given by the Foundation, no Management Stockholder shall have a Warrant Tag-along Right with respect thereto.
Chardan and the owners of at least ninety percent (90%) of the Covered Warrants (as defined in the Warrant Sale Agreement) shall have executed and delivered the Warrant Sale Agreement and the other agreements contemplated thereby.
In order to allow the Management Stockholders to participate in a Transfer of Warrants pursuant to Section 7(c)(i) above, each Management Stockholder shall have the right to write and sell, at the same price that the Warrants are being transferred as set forth in the Warrant Sale Notice, a call entitling the purchaser to purchase shares of Common Stock then owned by such Management Stockholder.
The exercise of any Warrant Sale Option shall be without prejudice to any remedies the Warrantholder may otherwise have in respect of the Company’s breach of its obligation to pay the Termination Fee under paragraph (f) of clause 4.3 (Put Option), save that this paragraph (b) shall apply.
As consideration for Chardan’s initial capital contribution to the Company, the Company shall issue to Chardan that number of Common Units equal to the number of shares of Chardan Ordinary Shares issued by Chardan pursuant to the terms of the Warrant Sale Agreement, up to a maximum of 233,010 Common Units, at the same time as Chardan issues such Chardan Ordinary Shares.
The Third Party Warrant Sale shall be for a price not less than 95% of the highest proposal as to the final price and terms offered by BCD and/or ▇▇▇▇ and the Corporation.
As consideration for Chardan’s initial capital contribution to the Company, the Company shall issue to Chardan that number of Common Units equal to the number of shares of Chardan Ordinary Shares issued by Chardan pursuant to the terms of the Warrant Sale Agreement, up to a maximum of 233,000 Common Units, at the same time as Chardan issues such Chardan Ordinary Shares.