Procedure to Exercise Option Sample Clauses

Procedure to Exercise Option. (a) To exercise the Put Option during the Exercise Period, the Company shall deliver a written notice in accordance with Section 4.2 hereof in the form attached hereto as Annex A (an “Exercise Notice”) to the Investor, which Exercise Notice shall state that the Company is thereby exercising the Put Option and shall set forth the number of Put Option Shares to be sold to the Investor pursuant to such exercise and the purchase price therefor. The date for the closing of the exercise of the Put Option shall be the Closing Date.
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Procedure to Exercise Option. At any time during the Option Period, Licensee shall have the right to notify SGI in writing that it desires to obtain the Exclusive License to the Second Exclusive Antigen by providing written notice to SGI. Licensee shall pay SGI the Option Exercise Fee described in Section 6.3 of this Agreement (the date of payment by Licensee of the Option Exercise Fee being referred to herein as the “Option Exercise Date”) whereupon (a) such Designated Antigen shall be deemed to be the Second Exclusive Antigen for purposes of this Agreement and (b) Licensee shall be deemed to have been granted an Exclusive License with respect to such Second Exclusive Antigen in accordance with Section 3.2 of this Agreement, without any further action of the Parties. [***].
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Procedure to Exercise Option. Section 1.3(c) of each Put Option Agreement is hereby amended by adding the following text at the end thereof: “Notwithstanding the foregoing, if the Put Option is exercised prior to June 27, 2008 under the circumstances referred to in the Term Sheet in clause (c)(ii) under “Conditions Precedent to Put Option Obligations”, then on the Closing Date for the Put Option the Company shall deliver to the Investor a number of shares of Additional Common Stock equal to (x) the number of Put Option Shares minus (y) the number of shares of Additional Common Stock equal to 2.06% of the number of Put Option Shares, rounded to the nearest whole share (such shares of Additional Common Stock, the “Delayed Delivery Shares”), against payment by the Investor of the purchase price for all of its Put Option Shares as provided above. For the avoidance of doubt, the adjustments to the Firm Commitment Amount and the number of Put Option Shares pursuant to Section 3.4 hereof and the provisions set forth in the Term Sheet under “Cutbacks” shall be applied before the number of Delayed Delivery Shares is determined pursuant to the preceding sentence. The Company shall deliver the Delayed Delivery Shares to the Investor on the earliest of (i) the occurrence of a Termination Event (as defined in the Term Sheet); (ii) the Closing Date for the Rights Offering; and (iii) March 31, 2009. Under the circumstances described in this paragraph, the Exercise Notice shall be in the form of Annex AA attached hereto in lieu of Annex A.”
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Procedure to Exercise Option. Unless the context indicates otherwise, capitalized terms that are not defined in this Agreement shall have the meaning set forth in the Plan as it currently exists or as it is amended in the future.
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Procedure to Exercise Option. The Option will be exercised by the ------------------------------- Optionee by delivering to the Optionor the notice, in the form attached hereto as Schedule "B", and a certified cheque or bank draft representing the purchase price, determined pursuant to paragraph 3 of the Patents being purchased, made payable to the Optionor.
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Procedure to Exercise Option. DVI shall evidence the exercise of the Option by providing notice in writing to CCA and USCC of its intention to exercise the Option at least three (3) business days prior to the exercise date (the "EXERCISE NOTICE"). Upon sending the Exercise Notice in accordance with Section 11 herein, and upon receipt of the Exercise Price (which shall consist of any reasonably requested document by USCC necessary to evidence the Exercise Price), USCC shall transfer all of its CCA Stock to DVI. In the event that CCA has issued or is required to issue certificates as evidence of an equity holder's ownership interest in and to CCA, USCC shall cause to be delivered to DVI within three (3) business days of the Exercise Notice, such original certificates bearing DVI's name, or any other evidence necessary to reflect DVI's ownership interest in the CCA Stock.
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Procedure to Exercise Option 
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Related to Procedure to Exercise Option

  • Failure to Exercise Option To the extent that following termination of employment or service, the Option is not exercised within the applicable periods described above, all further rights to purchase shares pursuant to the Option shall cease and terminate.

  • Right to Exercise Option 3.1 The right to exercise the Option shall terminate forthwith upon the Employee ceasing to be an employee of a Group Company except in the following cases:

  • Procedure for Exercise of Warrant Holder may exercise this Warrant by delivering the following to the principal office of the Company in accordance with Section 5.1 hereof: (i) a duly executed Notice of Exercise in substantially the form attached as Schedule A, (ii) payment of the Warrant Price then in effect for each of the Shares being purchased, as designated in the Notice of Exercise, and (iii) this Warrant. Payment of the Warrant Price may be in cash, certified or official bank check payable to the order of the Company, or wire transfer of funds to the Company’s account (or any combination of any of the foregoing) in the amount of the Warrant Price for each share being purchased.

  • No Obligation to Exercise Option The grant and acceptance of this option imposes no obligation on the Optionee to exercise it.

  • Failure to Exercise In the event that the Rights Holders fail to exercise in full the right of first refusal within such ten (10) plus five (5) day period, then the Company shall have 120 days thereafter to sell the New Securities with respect to which the Rights Holders' rights of first refusal hereunder were not exercised, at a price and upon general terms not materially more favorable to the purchasers thereof than specified in the Company's Notice to the Rights Holders. In the event that the Company has not issued and sold the New Securities within such 120-day period, then the Company shall not thereafter issue or sell any New Securities without again first offering such New Securities to the Rights Holders pursuant to this Section 3.

  • No Obligation to Exercise Options Notwithstanding any provision in this Agreement to the contrary, nothing in this Agreement shall obligate Stockholder to exercise any stock option of the Company or other right to acquire shares of Common Stock.

  • Initial Exercise Price; Exercise of Rights; Detachment of Rights (a) Subject to adjustment as herein set forth, each Right will entitle the holder thereof, after the Separation Time, to purchase, for the Exercise Price, or its U.S. Dollar Equivalent as at the Business Day immediately preceding the day of exercise of the Right, one Common Share. Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall be void.

  • Failure to Exercise Rights Nothing herein contained shall impose upon the Lender any obligation to enforce any terms, covenants or conditions contained in this Loan Agreement and the other Loan Documents. Failure of the Lender, in any one or more instances, to insist upon strict performance by the Borrower of any terms, covenants or conditions of this Loan Agreement and the other Loan Documents, shall not be considered or taken as a waiver or relinquishment by the Lender of its right to insist upon and to enforce in the future, by injunction or other appropriate legal or equitable remedy, strict compliance by the Borrower with all the terms, covenants and conditions of this Loan Agreement and the other Loan Documents. The consent of the Lender to any act or omission by the Borrower shall not be construed to be a consent to any other or subsequent act or omission or to waive the requirement for the Lender's consent to be obtained in any future or other instance.

  • Right to Exercise; Exercise Price The Holder shall have the right to exercise this Warrant at any time and from time to time during the period beginning on the Issue Date and ending on the Expiration Date as to all or any part of the shares of Common Stock covered hereby (the “Warrant Shares”). The “Exercise Price” for each Warrant Share purchased by the Holder upon the exercise of this Warrant shall be $2.50, subject to adjustment for the events specified in Section 6 below.

  • Exercise by Surrender of Warrant In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, the Holders of the Warrants shall have the right at any time and from time to time to exercise the Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 3.1 in exchange for the number of Shares equal to the product of (x) the number of Shares as to which the Warrants are being exercised multiplied by (y) a fraction, the numerator of which is the Market Price (as defined in Section 3.3 below) of the Shares less the Exercise Price and the denominator of which is such Market Price. Solely for the purposes of this paragraph, Market Price shall be calculated either (i) on the date which the form of election attached hereto is deemed to have been sent to the Company pursuant to Section 13 hereof ("Notice Date") or (ii) as the average of the Market Prices for each of the five trading days preceding the Notice Date, whichever of (i) or (ii) is greater.

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