Completion of Exchange Sample Clauses

Completion of Exchange. If Odyssey delivers an Acceptance Notice to a Member in accordance with Section 2.02(b), as soon as practicable thereafter (and in no event more than five (5) Trading Days thereafter) Odyssey shall deliver, or cause to be delivered to such Member, a number of shares of Odyssey Common Stock equal to the product of (i) the number of OML Units such Member desires to exchange, as set forth in the Exchange Exercise Notice, multiplied by (ii) a fraction, the numerator of which is the OML Per Unit Value and the denominator of which is the Odyssey Per Share Value, in each case determined as of the date of the Exchange Exercise Notice. Upon any exchange of OML Units for shares of Odyssey Common Stock pursuant to this Article 2, in lieu of any fractional shares to which such Member would otherwise be entitled, the number of shares of Odyssey Common Stock issuable to such Member shall be rounded up to the next whole share.
Sample 1
AutoNDA by SimpleDocs
Completion of Exchange. Unless otherwise directed by the Company or a Purchaser, Escrow Agent will continue to hold the Series A Certificates pending exchange of the remaining Series A Shares for Series B Shares. Within one business day of the closing of the Varian Sale, the Company shall deliver to Escrow Agent certificates representing the Series B Shares to be held in escrow pending the completion of the Exchange. The exchange of the Non-Redeemed Series A Shares for the newly issued Series B Shares shall be deemed completed concurrently with the declaration of effectiveness of the Post-Effective Amendment (as defined below) with the Securities and Exchange Commission (the "SEC") without further action on the part of any party and Escrow Agent is authorized to deliver the applicable certificates representing the Series B Shares to each Purchaser and to cancel each Series A Certificate immediately after the Post-Effective Amendment is declared effective; PROVIDED, HOWEVER, that if the SEC objects to the conditioning of the Exchange upon the effectiveness of the Post-Effective Amendment, then the Company shall amend the Post-Effective Amendment filing to provide that the Exchange shall take place upon the filing of such amended Post-Effective Amendment and the Exchange shall be deemed completed immediately prior to the filing of such Amended Post-Effective Amendment and Escrow Agent will be authorized to deliver the applicable certificates representing the Series B Shares to each Purchaser and to cancel each Series A Certificate immediately after such filing.
Sample 1
Completion of Exchange 
Sample 1

Related to Completion of Exchange

  • Completion of Services (a) The Customer must: (i) notify Deswik in writing as soon as the Customer becomes aware of any defects in the Services; or (ii) provide Deswik with an email confirming successful completion of any Services Deswik advises the Customer have been completed. (b) If the Customer does not notify Deswik of any defects under clause 5.4(a)(i) or provide Deswik with an email confirming successful completion of the Services within 14 days of Deswik notifying the Customer that the relevant Services are complete, the Customer is deemed to have accepted the Services. (c) If the Customer notifies Deswik of any defects under clause 5.4(a)(i), Deswik will, as soon as possible investigate and (where applicable) undertake rectification of the defects. Upon completion of any defect rectification the Customer must promptly provide an email notification of the successful completion of the services, unless further defects exist. In this case, the Customer is further required to notify Deswik of such defects.

  • Completion of Work The Contractor agrees to complete the work on, or before October 29, 2021.

  • Completion of Due Diligence Each Purchaser shall have completed its legal, business and financial due diligence of the Company to its full satisfaction and shall be fully satisfied with the results thereof.

  • Completion of the Work The Contractor must obtain Material Completion as defined in Section 6.1.2 below prior to any occupancy of the Project.

  • Termination of Stopped Work If a stop work order is not canceled and the work covered by such order is terminated for default or convenience, the reasonable costs resulting from the stop work order shall be allowed by adjustment or otherwise.

  • Weekend Work (1) All ordinary hours of work performed between midnight on Friday and midnight on Sunday shall be paid for at the rate of time and one-half.

  • Completion of Concrete Pours and Emergency Work (a) Except as provided in this sub-clause an Employee shall nor work or be required to work in the rain. (b) Employees shall not be required to start a concrete pour in Inclement Weather. (c) Where a concrete pour has been commenced prior to the commencement of a period of Inclement Weather Employees may be required to complete such concrete pour to a practical stage and for such work shall be paid at the rate of double time calculated to the next hour, and in the case of wet weather shall be provided with adequate wet weather gear. (d) If an Employee’s clothes become wet as a result of working in the rain during a concrete pour the Employee shall, unless the Employee has a change of dry working clothes available, be allowed to go home without loss of pay. (e) The provisions of clauses 32.7(c) and 32.7(d) hereof shall also apply in the case of emergency work where the Employees concerned and their delegates agree that the work is of an emergency nature and can start and/or proceed.

  • Completion of Repairs Borrower will commence any Repairs as soon as practicable after the date of this Loan Agreement and will diligently proceed with and complete such Repairs on or before the Completion Date. All Repairs and Capital Replacements will be completed in a good and workmanlike manner, with suitable materials, and in accordance with good building practices and all applicable laws, ordinances, rules, regulations, building setback lines and restrictions applicable to the Mortgaged Property. Borrower agrees to cause the replacement of any material or work that is defective, unworkmanlike or that does not comply with the requirements of this Loan Agreement, as determined by Lender.

  • Upon Substantial Completion of the Work or designated portion thereof and upon application by the Contractor and certification by the Architect, the State shall make payment, reflecting adjustment in retainage, if any, for such Work or portion thereof, as provided in the Contract Documents.

  • Inspection of Services Subcontractor shall make the Services accessible at all reasonable times for inspection by the Contractor. Subcontractor shall, at the first opportunity, inspect all material and equipment delivered to the job site by others to be used or incorporated in the Subcontractor’s Services and give prompt notice of any defect therein. Subcontractor assumes full responsibility to protect the work done hereunder until final acceptance by the Contractor or any authorized third (3rd) party.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!