Common use of Effectiveness of Exercise Clause in Contracts

Effectiveness of Exercise. The exercise of this Warrant shall be deemed to have been effective immediately prior to the close of business on the Business Day on which this Warrant is exercised in accordance with Section 1.1 or 1.2 (the "Exercise Date"). The Person in whose name any certificate for shares of Common Stock shall be issuable upon such exercise shall be deemed to be the record holder of such shares of Common Stock for all purposes on the Exercise Date.

Appears in 20 contracts

Samples: Common Stock Purchase Warrant (Platinum Entertainment Inc), Common Stock Purchase Warrant (Soros George), Common Stock Purchase Warrant (Platinum Venture Partners Ii L P)

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Effectiveness of Exercise. The exercise of this Warrant shall be deemed to have been effective immediately prior to the close of business on the Business Day on which this Warrant is exercised in accordance with Section 1.1 or 1.2 (the "Exercise Date"). The Person in whose name any certificate for shares of Class A Common Stock shall be issuable upon such exercise shall be deemed to be the record holder of such shares of Class A Common Stock for all purposes on the Exercise Date.

Appears in 2 contracts

Samples: Warrant Agreement (Hotel Reservations Network Inc), Warrant Agreement (Hotel Reservations Network Inc)

Effectiveness of Exercise. The exercise of this Warrant shall be deemed to have been effective immediately prior to the close of business on the Business Day on which this Warrant is exercised in accordance with Section 1.1 or 1.2 (the "β€œExercise Date"”). The Person (as defined below) in whose name any certificate for shares of Common Stock shall be issuable upon such exercise shall be deemed to be the record holder of such shares of Common Stock for all purposes on the Exercise Date.to

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Cic MSRG Lp), Common Stock Purchase Warrant (Main Street Restaurant Group, Inc.)

Effectiveness of Exercise. The exercise of this Warrant shall be deemed to have been effective effected immediately prior to the close of business on the Business Day on which this Warrant is exercised shall have been surrendered to the Company as provided in accordance with Section 1.1 hereof, and at such time the Person or 1.2 (the "Exercise Date"). The Person Persons in whose name or names any certificate or certificates for shares of Common Stock (or Other Securities) shall be issuable upon such exercise as provided in Section 1.4 hereof shall be deemed to be have become the holder or holders of record holder of such shares of Common Stock for all purposes on the Exercise Datethereof.

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (DDJ Capital Management LLC), Warrant Agreement (Metretek Technologies Inc)

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Effectiveness of Exercise. The exercise of this ------------------------- Warrant shall be deemed to have been effective immediately prior to the close of business on the Business Day on which this Warrant is exercised in accordance with Section 1.1 or 1.2 (the "Exercise Date"). The Person in whose name any ------------- certificate for shares of Common Stock shall be issuable upon such exercise shall be deemed to be the record holder of such shares of Common Stock for all purposes on the Exercise Date.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Viropharma Inc)

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