Warrant Terms definition
Examples of Warrant Terms in a sentence
The Class A Units and the Class B Units are subject to call in accordance with the Warrant Terms.
If a Trust Wind-Up Event occurs, any Underlying Securities held by the Trust will be liquidated (by delivery to the Underlying Security Issuer in the event of a redemption, pursuant to the Warrant Terms in the event of an exercise of the Warrants or otherwise by sale thereof).
The parties acknowledge and agree (the Company, by its execution of this Exhibit "A", and Purchaser by its acceptance of this Warrant under the Stock Purchase Agreement) that the terms contained in this Exhibit "A" shall supersede any contrary or otherwise inconsistent provisions in the Standard Warrant Terms.
To the extent of any inconsistency between the provisions below and the provisions in the main body of the Warrant (referred to as the "Standard Warrant Terms"), the provisions below shall control in that the Additional Warrant Terms have been specifically drafted for this Warrant and have been agreed by Purchaser and the Company to be applicable to this Warrant.
Additionally, any reference to a Section or Article shall be deemed to additionally refer to and incorporate the corresponding Section or Article set forth in the Additional Warrant Terms attached as Exhibit "A", if any, and, in the case of any inconsistency, the terms set forth on Exhibit "A" shall control over the terms of the Standard Warrant Terms.
Each Warrant issued hereunder represents a Call Option and a Call Right to purchase $1,000 of Unit Principal Balance of the Class A Units and $1,000 Notional Amount of the Class B Units as described in the Warrant Terms.
The Company shall not be required to issue fractions of Warrants upon any such adjustment or to issue fractions of shares upon the exercise of any Warrants after any such adjustment, but the Company, in lieu of issuing any such fractional interest, shall pay an amount in cash equal to such fraction times the current market value of one Warrant or one share, as the case may be, determined in accordance with the Warrant Terms.
Assignee has executed, and delivers herewith, an Investment Representation Statement and Market Stand-Off Agreement in a form substantially similar to the form attached to the Warrant Terms as Exhibit B-1.
Except as set forth in the Warrant Agreement, neither these Warrant Terms nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument referencing these Warrant Terms and signed by the Company and countersigned by the Warrant Agent.
The balance of these Warrant Terms shall be enforceable in accordance with its terms.