Common use of Duration of Warrants; Exercise Notice Clause in Contracts

Duration of Warrants; Exercise Notice. Subject to the limitations set forth herein and in Sections 2.02, 2.05 and 2.06(b) hereof, each Warrant may be irrevocably exercised in whole but not in part on any Business Day from December 28, 2006 until 3:00 p.m., New York City time, on the earlier of (i) the Business Day immediately preceding June 20, 2008 (June 20, 2008 being referred to herein as the “Expiration Date”) and (ii) the Business Day immediately preceding the Delisting Date, if any. Except in the event of automatic exercise, each Warrant shall be irrevocably exercised upon receipt by the Warrant Agent of such Warrant delivered free on the records of the Depository to the Warrant Agent’s Depository Participant Account (entitled Citibank, N.A. Corporate Trust Warrant Agent Account, No. 2659, or such other account at the Depository as the Warrant Agent shall designate in writing to the Company) (the “Warrant Account”) pursuant to an Exercise Notice to the Warrant Agent from a Participant; provided, however, that Exercise Notices are subject to rejection by the Warrant Agent as provided herein. An Exercise Notice shall be unconditional. Except as provided in Section 2.02(b) hereof, the Warrant Agent shall be entitled, with no duty of inquiry, to rely conclusively on any Exercise Notice received by it. “Exercise Notice” means an irrevocable exercise notice to the Warrant Agent at its address, which notice shall be substantially in the form set forth in Exhibit B hereto or such other form as the Company and the Warrant Agent may approve and may be given by facsimile transmission.

Appears in 1 contract

Samples: Warrant Agreement (Lehman Brothers Holdings Inc)

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Duration of Warrants; Exercise Notice. Subject to the limitations set forth herein and in Sections 2.022.06, 2.05 2.07(b) and 2.06(b2.02(c) hereof, each Warrant may be irrevocably exercised in whole but not in part on any Business Day from December 28August 11, 2006 until 3:00 p.m., New York City time, on the earlier of (i) the Business Day immediately preceding June 20February 13, 2008 (June 20February 13, 2008 being referred to herein as the “Expiration Date”) and (ii) the Business Day immediately preceding the Delisting Date, if any. Except in the event of automatic exercise, each Warrant shall be irrevocably exercised upon receipt by the Warrant Agent of such Warrant delivered free on the records of the Depository to the Warrant Agent’s Depository Participant Account (entitled Citibank, N.A. Corporate Trust Warrant Agent Account, No. 2659, or such other account at the Depository as the Warrant Agent shall designate in writing to the Company) (the “Warrant Account”) pursuant to an Exercise Notice to the Warrant Agent from a Participant; provided, however, that Exercise Notices are subject to rejection by the Warrant Agent as provided herein. An Exercise Notice shall be unconditional. Except as provided in Section 2.02(b) hereof, the Warrant Agent shall be entitled, with no duty of inquiry, to rely conclusively on any Exercise Notice received by it. “Exercise Notice” means an irrevocable exercise notice to the Warrant Agent at its address, which notice shall be substantially in the form set forth in Exhibit B hereto or such other form as the Company and the Warrant Agent may approve and may be given by facsimile transmission.

Appears in 1 contract

Samples: Warrant Agreement (Lehman Brothers Holdings Inc)

Duration of Warrants; Exercise Notice. Subject to the limitations set forth herein and in Sections 2.022.06, 2.05 2.07(b) and 2.06(b2.02(c) hereof, each Warrant may be irrevocably exercised in whole but not in part on any Business Day from December 28August [__], 2006 until 3:00 p.m., New York City time, on the earlier of (i) the Business Day immediately preceding June 20February 13, 2008 (June 20February 13, 2008 being referred to herein as the “Expiration Date”) and (ii) the Business Day immediately preceding the Delisting Date, if any. Except in the event of automatic exercise, each Warrant shall be irrevocably exercised upon receipt by the Warrant Agent of such Warrant delivered free on the records of the Depository to the Warrant Agent’s Depository Participant Account (entitled Citibank, N.A. Corporate Trust Warrant Agent Account, No. 2659, or such other account at the Depository as the Warrant Agent shall designate in writing to the Company) (the “Warrant Account”) pursuant to an Exercise Notice to the Warrant Agent from a Participant, in the case of Warrants held through the facilities of the Depository, a Clearstream participant, in the case of Warrants held through Clearstream, or a Euroclear participant, in the case of Warrants held through Euroclear, acting, directly or indirectly, on behalf of the Warrantholder; provided, however, that Exercise Notices are subject to rejection by the Warrant Agent as provided herein. An Exercise Notice shall be unconditional. Except as provided in Section 2.02(b) hereof, the Warrant Agent shall be entitled, with no duty of inquiry, to rely conclusively on any Exercise Notice received by it. “Exercise Notice” means an irrevocable exercise notice to the Warrant Agent at its address, which notice shall be substantially in the form set forth in Exhibit B hereto or such other form as the Company and the Warrant Agent may approve and may be given by facsimile transmission.

Appears in 1 contract

Samples: Warrant Agreement (Lehman Brothers Holdings Inc)

Duration of Warrants; Exercise Notice. Subject to the limitations set forth herein and in Sections 2.02, 2.05 2.07 and 2.06(b2.08(b) hereof, each Warrant may be irrevocably exercised in whole but not in part on any Business Day from December 28July 10, 2006 2005 until 3:00 p.m., New York City time, on the earlier of (i) the Business Day immediately preceding June 20May 8, 2008 2007 (June 20May 8, 2008 2007 being referred to herein as the "Expiration Date") and (ii) the Business Day immediately preceding the Delisting Date, if any. Except in the event of automatic exercise, each Warrant shall be irrevocably exercised upon receipt by the Warrant Agent of such Warrant delivered free on the records of the Depository to the Warrant Agent’s 's Depository Participant Account (entitled Citibank, N.A. Corporate Trust Warrant Agent Account, No. 26599082, or such other account at the Depository as the Warrant Agent shall designate in writing to the Company) (the "Warrant Account") pursuant to an Exercise Notice to the Warrant Agent from a Participant, in the case of Warrants held through the facilities of the Depository, a Clearstream participant, in the case of Warrants held through Clearstream, or a Euroclear participant, in the case of Warrants held through Euroclear, acting, directly or indirectly, on behalf of the Warrantholder; provided, however, that Exercise Notices are subject to rejection by the Warrant Agent as provided herein. An Exercise Notice shall be unconditional. Except with respect to the Limit Option (as provided described in Section 2.02(b) 2.04 hereof), the Warrant Agent shall be entitled, with no duty of inquiry, to rely conclusively on any Exercise Notice received by it. “an Exercise Notice” means an irrevocable exercise notice to the Warrant Agent at its address, which notice shall be substantially in the form set forth in Exhibit B hereto or such other form as the Company and the Warrant Agent may approve and may be given by facsimile transmission.

Appears in 1 contract

Samples: Warrant Agreement (Lehman Brothers Holdings Inc)

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Duration of Warrants; Exercise Notice. Subject to the limitations set forth herein and in Sections 2.02, 2.05 2.07 and 2.06(b2.08(b) hereof, each Warrant may be irrevocably exercised in whole but not in part on any Business Day from December 28July 10, 2006 2005 until 3:00 p.m., New York City time, on the earlier of (i) the Business Day immediately preceding June 20May 8, 2008 2007 (June 20May 8, 2008 2007 being referred to herein as the "Expiration Date") and (ii) the Business Day immediately preceding the Delisting Date, if any. Except in the event of automatic exercise, each Warrant shall be irrevocably exercised upon receipt by the Warrant Agent of such Warrant delivered free on the records of the Depository to the Warrant Agent’s 's Depository Participant Account (entitled Citibank, N.A. Corporate Trust Warrant Agent Account, No. 2659[ ], or such other account at the Depository as the Warrant Agent shall designate in writing to the Company) (the "Warrant Account") pursuant to an Exercise Notice to the Warrant Agent from a Participant, in the case of Warrants held through the facilities of the Depository, a Clearstream participant, in the case of Warrants held through Clearstream, or a Euroclear participant, in the case of Warrants held through Euroclear, acting, directly or indirectly, on behalf of the Warrantholder; provided, however, that Exercise Notices are subject to rejection by the Warrant Agent as provided herein. An Exercise Notice shall be unconditional. Except with respect to the Limit Option (as provided described in Section 2.02(b) 2.04 hereof), the Warrant Agent shall be entitled, with no duty of inquiry, to rely conclusively on any Exercise Notice received by it. “an Exercise Notice” means an irrevocable exercise notice to the Warrant Agent at its address, which notice shall be substantially in the form set forth in Exhibit B hereto or such other form as the Company and the Warrant Agent may approve and may be given by facsimile transmission.

Appears in 1 contract

Samples: Warrant Agreement (Lehman Brothers Holdings Inc)

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