Delivery on Exercise Clause Samples
The 'Delivery on Exercise' clause defines the obligations and procedures for delivering the underlying asset or settlement amount when an option is exercised. Typically, this clause specifies the timeframe, method, and form of delivery—such as physical delivery of shares or cash settlement—once the option holder notifies the issuer of their intent to exercise. Its core practical function is to ensure both parties understand the exact process and timing for fulfilling the contract upon exercise, thereby reducing the risk of disputes and ensuring smooth completion of the transaction.
Delivery on Exercise. As soon as practicable after the exercise of this Warrant in full or in part, the Company will cause to be issued in the name of and delivered to the Holder, or as the Holder may direct, a certificate or certificates for the number of fully paid and nonassessable full shares of Common Stock to which the Holder shall be entitled on such exercise.
Delivery on Exercise. As soon as practicable after the exercise of this Option in full, and in any event within ten (10) business days thereafter, Penn Octane at its expense (including the payment by it of any applicable issue taxes) will cause to be delivered to the holder hereof a certificate or certificates for the number of Units to which such holder shall be entitled on such exercise.
Delivery on Exercise. As soon as practicable after the exercise of this Warrant in full or in part pursuant to Section 2, as the case may be, and in any event within five (5) business days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes but excluding the payment of taxes to which the Warrantholder is subject as a result of the conduct of its business activity) will cause to be issued in the name of and delivered to the Warrantholder, or as such Warrantholder may direct, a certificate or certificates for the number of fully paid and nonassessable full Warrant Shares to which such holder shall be entitled on such exercise, together with cash, in lieu of any fraction of a share, equal to such fraction of the then fair market value of one full share as determined in good faith by the Board of Directors of the Company.
Delivery on Exercise. As soon as practicable after the exercise of this Warrant in full or in part, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the Holder, or as the Holder may direct, a certificate or certificates for the number of fully paid and nonassessable full shares of Common Stock to which the Holder shall be entitled on such exercise, together with cash, in lieu of any fraction of a share, equal to such fraction of the current market value of one full share of Common Stock as determined in good faith by the Board of Directors.
Delivery on Exercise. As soon as practicable after the exercise of this Warrant in full or in part pursuant to Section 2, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the Holder, or as the Holder may direct, a certificate or certificates for the number of fully paid and nonassessable full shares of Common Stock to which the Holder shall be entitled on such exercise, together with cash, in lieu of any fraction of a share, equal to such fraction of the current market value of one full share of Common Stock as determined pursuant to Section 3.3.
Delivery on Exercise. As soon as practicable after the exercise of this Warrant in full or in part, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the Holder, or as the Holder may direct (in compliance with the provisions of Section 11.1), a certificate or certificates for the number of fully paid and nonassessable full shares of Common Stock to which the Holder shall be entitled on such exercise, together with cash, in lieu of any fraction of a share, equal to such fraction of the current fair market value of one full share of Common Stock as determined in good faith by the Board of Directors of the Company.
Delivery on Exercise. As soon as practicable after the exercise of this Warrant in full or in part, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to FSC Corp., or as FSC Corp. may direct, a certificate or certificates for the number of fully paid and nonassessable full shares of Series D Preferred Stock to which FSC Corp. shall be entitled on such exercise.
Delivery on Exercise. As soon as practicable after the exercise of this Warrant in full or in part, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to ▇▇▇▇▇▇▇▇▇▇ Securities, or as ▇▇▇▇▇▇▇▇▇▇ Securities may direct, a certificate or certificates for the number of fully paid and nonassessable full shares of Series D Preferred Stock to which ▇▇▇▇▇▇▇▇▇▇ Securities shall be entitled on such exercise.
Delivery on Exercise. 11 4.6 Tax-Free Reorganization . . . . . . . . . . . . . . . . . 11
Delivery on Exercise. As soon as practicable after the exercise of -------------------- this Warrant and in any event within fifteen (15) days thereafter, the Company at its expense will cause to be issued in the name of and delivered to the holder hereof, or as such holder may direct, a certificate or certificates for the number of fully paid and nonassessable full Warrant Shares as to which such holder shall be entitled on such exercise, together with cash, in lieu of any fraction of a share, equal to such fraction of the Market Price of one full share.