Common use of EFFECTIVENESS OF EXERCISE; OWNERSHIP Clause in Contracts

EFFECTIVENESS OF EXERCISE; OWNERSHIP. Each exercise of this Warrant by the Holder shall be deemed to have been effected immediately prior to the close of business on the date upon which all of the requirements of Section 2.01(a) or 2.01(b), as applicable, with respect to such exercise shall have been complied with in full (each such date, an “Exercise Date”). On the applicable Exercise Date with respect to any exercise of this Warrant by the Holder, the Company shall be deemed to have issued to the Holder or its applicable Affiliate, and the Holder or its applicable Affiliate shall be deemed to have become the holder of record and legal owner of, the number of Warrant Shares being purchased upon such exercise of this Warrant, notwithstanding that the stock transfer books of the Company may then be closed or that certificates representing such number of Warrant Shares being purchased may not then be actually delivered to the Holder or its applicable Affiliate.

Appears in 2 contracts

Samples: Warrant Agreement (Thorne Healthtech, Inc.), Warrant Agreement (Thorne Healthtech, Inc.)

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EFFECTIVENESS OF EXERCISE; OWNERSHIP. Each exercise of this Warrant by the Holder shall be deemed to have been effected immediately prior to the close of business on the date upon which all of the requirements of Section 2.01(a) or 2.01(b), as applicable, 2.1 hereof with respect to such exercise shall have been complied with in full (each such date, an "Exercise Date"). On the applicable Exercise Date with respect to any exercise of this Warrant by the Holder, the Company Corporation shall be deemed to have issued to the Holder or its applicable AffiliateHolder, and the Holder or its applicable Affiliate shall be deemed to have become the holder of record and legal owner of, the number of Warrant Shares being purchased upon such exercise of this Warrant, notwithstanding that the stock transfer books of the Company may Corporation shall then be closed or that certificates representing such number of Warrant Shares being purchased may shall not then be actually delivered to the Holder or its applicable AffiliateHolder.

Appears in 1 contract

Samples: Warrant Agreement (Softlock Com Inc)

EFFECTIVENESS OF EXERCISE; OWNERSHIP. Each exercise of this Warrant by the Holder shall be deemed to have been effected immediately prior to the close of business on the date upon which all of the requirements of Section 2.01(a2.1(a) or 2.01(b)2.1(b) hereof, as applicable, with respect to such exercise shall have been complied with in full (each such date, an “Exercise Date”). On the applicable Exercise Date with respect to any exercise of this Warrant by the Holder, the Company shall be deemed to have issued to the Holder or its applicable AffiliateHolder, and the Holder or its applicable Affiliate shall be deemed to have become the holder of record and legal owner of, the number of Warrant Shares being purchased upon such exercise of this Warrant, notwithstanding that the stock transfer books of the Company may then be closed or that certificates representing such number of Warrant Shares being purchased may not then be actually delivered to the Holder or its applicable AffiliateHolder.

Appears in 1 contract

Samples: Warrant Agreement (Thorne Healthtech, Inc.)

EFFECTIVENESS OF EXERCISE; OWNERSHIP. Each exercise of this Warrant by the Holder shall be deemed to have been effected immediately prior to the close of business on the date upon which all of the requirements of Section 2.01(a2.1(a) or 2.01(b)2.1(b) hereof, as applicable, with respect to such exercise shall have been complied with in full (each such date, an "Exercise Date"). On the applicable Exercise Date with respect to any exercise of this Warrant by the Holder, the Company Corporation shall be deemed to have issued to the Holder or its applicable AffiliateHolder, and the Holder or its applicable Affiliate shall be deemed to have become the holder of record and legal owner of, the number of Warrant Shares being purchased upon such exercise of this Warrant, notwithstanding that the stock transfer books of the Company may Corporation shall then be closed or that certificates representing such number of Warrant Shares being purchased may shall not then be actually delivered to the Holder or its applicable AffiliateHolder.

Appears in 1 contract

Samples: Warrant Agreement (Cubist Pharmaceuticals Inc)

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EFFECTIVENESS OF EXERCISE; OWNERSHIP. Each exercise of this Warrant by the Holder shall be deemed to have been effected immediately prior to the close of business on the date upon which all of the requirements of Section 2.01(a) or 2.01(b), as applicable, Sections 2.1 and 2.2 hereof with respect to such exercise shall have been complied with within in full (each such date, an "Exercise Date"). On the applicable Exercise Date with respect to any exercise of this Warrant by the Holder, the Company Corporation shall be deemed to have issued to the Holder or its applicable AffiliateHolder, and the Holder or its applicable Affiliate shall be deemed to have become the holder of record and legal owner of, the number of Warrant Shares being purchased upon such exercise of this Warrant, notwithstanding that the stock transfer books of the Company may Corporation shall then be closed or that certificates representing such number of Warrant Shares being purchased may shall not then be actually delivered to the Holder or its applicable AffiliateHolder.

Appears in 1 contract

Samples: Loan and Security Agreement (Hybrid Networks Inc)

EFFECTIVENESS OF EXERCISE; OWNERSHIP. Each exercise of this Warrant by the Holder shall be deemed to have been effected immediately prior to the close of business on the date upon which all of the requirements of Section 2.01(a2.1(a) or 2.01(b)2.1(b) hereof, as applicable, with respect to such exercise shall have been complied with in full (each such date, an “Exercise Date”). On the applicable Exercise Date with respect to any exercise of this Warrant by the Holder, the Company shall be deemed to have issued to the Holder or its applicable AffiliateHolder, and the Holder or its applicable Affiliate shall be deemed to have become the holder of record and legal owner of, the number of Warrant Shares being purchased upon such exercise of this Warrant, notwithstanding that the stock transfer books of the Company may shall then be closed or that certificates representing such number of Warrant Shares being purchased may shall not then be actually delivered to the Holder or its applicable AffiliateHolder.

Appears in 1 contract

Samples: Warrant Agreement (Thorne Healthtech, Inc.)

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