Example ContractsClausespartial redemptionVariants
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Company Redemption. The Company shall have the right to redeem all outstanding Warrants for cash (the “Redemption Right”) if the volume-weighted average price of the Common Stock for the ninety (90) consecutive Trading Days ending on the fifth anniversary of the Initial Issue Date (or, if such date is not a Trading Day, the immediately preceding Trading Day) (the “Redemption Measurement Date”) as reported by Bloomberg Financial Markets (without regard to after-hours trading or any other trading outside of the regular trading session) (the “Redemption VWAP”) is less than (as adjusted for any stock split, stock dividend, combination, or other recapitalization or reclassification). The Redemption Right may only be exercised once and, if exercised, must be exercised in redemption of all outstanding Warrants at such time (and not only for a portion thereof). Except as set forth in this [Section 4], the Company does not have the right to redeem the Warrants at its election.

Company Redemption. The CompanyRedemption Price. Any Warrants redeemed pursuant to this [Section 4] shall have the right to redeem all outstanding Warrantsbe redeemed for cash at a price per Warrant (the “Redemption Right”Price”) ifdetermined # using a Black-Scholes valuation methodology mutually agreed to by the volume-weighted average priceCompany and the initial Holder, which shall be based on the observed volatility and Redemption VWAP of the Common Stock for the ninety (90) consecutive Trading Days ending on the fifth anniversaryRedemption Measurement Date, and # shall be conclusively determined by an independent third-party valuation firm mutually agreed to by the Company and the initial Holder (at the sole expense of the Initial Issue Date (or, if such date is not a Trading Day, the immediately preceding Trading Day) (the “Redemption Measurement Date”) as reported by Bloomberg Financial Markets (without regard to after-hours trading or any other trading outside of the regular trading session) (the “Redemption VWAP”) is less than (as adjusted for any stock split, stock dividend, combination, or other recapitalization or reclassification)Company). The Company and the initial Holder agree to cooperate as may be necessary and appropriate to select a valuation firm and determine the Redemption Right may onlyPrice. The Redemption Price shall be exercised once and, if exercised, must be exercisedpaid in redemptioncash by wire transfer of all outstanding Warrantsimmediately available funds prior to the close of business on the Redemption Date. Any amounts unpaid thereafter shall accrue interest at such time (and not only for a portion thereof). Except as set forth in this [Section 4], the Company does not have the right to redeem the Warrants at its election.rate of 10.0% per annum, compounding monthly.

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