Exercise and Expiration Sample Clauses

Exercise and Expiration. This Warrant may be exercised in whole or in part at any time or times, but must be exercised prior to the fifth anniversary of the date hereof, at which time this Warrant shall expire. This Warrant shall be exercised by surrender hereof together with delivery of a signed Subscription Agreement in the form attached hereto as Annex I specifying the number of shares to be purchased. Payment of the purchase price for the shares to be purchased shall be made upon the delivery of certificates evidencing the shares to be purchased, and shall be made in cash, or by wire transfer or certified check, or by cancellation of all or part of the amounts owing under that certain Secured Promissory Note, including accrued but unpaid interest, issued to the original holder of this Warrant pursuant to the Bridge Financing Agreement.
Sample 1
AutoNDA by SimpleDocs
Exercise and Expiration. (a) This Warrant may be exercised in whole or in part at any time or times during the term commencing on the date of issuance and ending November 30, 2003, or upon the consummation of a plan of merger, the consummation of a plan of share exchange to which the Company is a party or the corporation whose shares will be acquired, the consummation of a sale or exchange of all or substantially all of the property of the Company other than in the usual and regular course of business, whichever is sooner, at which time the Warrant shall automatically expire. This Warrant may be exercised by surrender hereof to the Company, together with delivery of a signed Warrant Exercise Form in the form attached hereto as ANNEX I specifying the number of shares to be purchased.
Sample 1
Exercise and Expiration. An Option will terminate (in full or in part as applicable) upon the first to occur of:
Sample 1
Exercise and Expiration. This Warrant may be exercised in whole or in part at any time or times on or after the date of original issuance hereof, but must be exercised prior to August 22, 2003, at which time this Warrant shall expire. This Warrant shall be exercisable by delivery by the holder hereof to the Company of (i) the original of this Warrant, (ii) payment in cash, in a form acceptable to the Company, of the Exercise Price of the Warrant being exercised, and (iii) written instructions as to the number of Warrant shares covered by the exercise.
Sample 1
Exercise and Expiration. This Warrant may be exercised only during the period (the “Exercise Period”) commencing on the date hereof, and terminating on the earlier to occur of: (a) at 5:00 p.m., New York City time July 13, 2026 and (b) the liquidation of the Company (the “Expiration Date”); provided, however, that the exercise of this Warrant shall be subject to the satisfaction of any applicable conditions as set forth in Section 3.3.2 below. This Warrant if not exercised on or before the Expiration Date shall become void, and all rights thereunder and all rights in respect thereof under this Warrant shall cease at 5:00 p.m., New York City time on the Expiration Date. The Company in its sole discretion may extend the duration of this Warrant by delaying the Expiration Date; provided that the Company shall provide at least twenty (20) days prior written notice of any such extension to the Registered Holder.
Sample 1
Exercise and Expiration. This Warrant may be exercised only during the period (the “Exercise Period”) commencing on the date hereof, and terminating on the earlier to occur of: (a) at 5:00 p.m., New York City time on the later to occur of (x) July 13, 2026 and (y) the first anniversary of vesting pursuant to Section 3.2.2, (b) the liquidation of the Company and (c) the Redemption Date (as defined below) as provided in Section 6.3 hereof (the “Expiration Date”); provided, however, that the exercise of this Warrant shall be subject to the satisfaction of any applicable conditions as set forth in Section 3.3.2 below; and provided, further, that this Warrant may only be exercised to the extent that the Warrant Shares subject to such exercise shall have vested pursuant Section 3.2.2. Except with respect to the right to receive the Redemption Price (as defined in Section 6.3 below) in the event of a redemption (as set forth in Section 6 hereof), this Warrant if not exercised on or before the Expiration Date shall become void, and all rights thereunder and all rights in respect thereof under this Warrant shall cease at 5:00 p.m., New York City time on the Expiration Date. The Company in its sole discretion may extend the duration of this Warrant by delaying the Expiration Date; provided that the Company shall provide at least twenty (20) days prior written notice of any such extension to the Registered Holder.
Sample 1
Exercise and Expiration 
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to Exercise and Expiration

  • Term and Expiration This Agreement shall be effective as of the Effective Date and unless terminated earlier pursuant to Section 9.2 or 9.3, this Agreement shall continue in effect until expiration of all royalty obligations hereunder. Upon expiration of all royalty obligations under this Agreement, such licenses to Merck pursuant to Sections 3.1(a), 3.1(b) and 3.2 as were in effect immediately prior to such expiration shall become fully paid-up, perpetual licenses. *** Confidential Treatment Requested

  • Failure to Exercise Option To the extent that following termination of employment or service, the Option is not exercised within the applicable periods described above, all further rights to purchase shares pursuant to the Option shall cease and terminate.

  • Term; Exercise Upon Expiration This warrant is exercisable in whole or in part, at any time and from time to time on or before the Expiration Date set forth above; provided, however, that if the Company completes its initial public offering within the three-year period immediately prior to the Expiration Date, the Expiration Date shall automatically be extended until the third anniversary of the effective date of the Company’s initial public offering. If this warrant has not been exercised prior to the Expiration Date, this warrant shall be deemed to have been automatically exercised on the Expiration Date by “cashless” conversion pursuant to Section 1.2.

  • Expiration of Warrant This Warrant shall expire on the five (5) year anniversary of the Base Date (the “Expiration Date”).

  • Exercise Terms The Optionee must exercise the Option for at least the lesser of 100 shares or the number of shares of Stock as to which the Option remains unexercised but exercisable. If this Option is not exercised with respect to all or any part of the shares subject to this Option prior to its expiration, the shares with respect to which this Option was not exercised shall no longer be subject to this Option.

  • Expiration of Warrants Immediately after the Expiry Time, all rights under any Warrant in respect of which the right of acquisition provided for herein shall not have been exercised shall cease and terminate and each Warrant shall be void and of no further force or effect.

  • Termination and Expiration 17.1 This Agreement shall become effective upon the Effective Date.

  • Exercise Prior to Expiration To the extent this Warrant is not previously exercised as to all of the Shares subject hereto, and if the fair market value of one share of the Series Preferred is greater than the Warrant Price then in effect, this Warrant shall be deemed automatically exercised pursuant to Section 10.2 above (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Series Preferred upon such expiration shall be determined pursuant to Section 10.2(c). To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 10.3, the Company agrees to promptly notify the holder hereof of the number of Shares, if any, the holder hereof is to receive by reason of such automatic exercise.

  • Right to Exercise Option 3.1 The right to exercise the Option shall terminate forthwith upon the Employee ceasing to be an employee of a Group Company except in the following cases:

  • Exercise by Surrender of Warrant In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, the Holders of the Warrants shall have the right at any time and from time to time to exercise the Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 3.1 in exchange for the number of Shares equal to the product of (x) the number of Shares as to which the Warrants are being exercised multiplied by (y) a fraction, the numerator of which is the Market Price (as defined in Section 3.3 below) of the Shares less the Exercise Price and the denominator of which is such Market Price. Solely for the purposes of this paragraph, Market Price shall be calculated either (i) on the date which the form of election attached hereto is deemed to have been sent to the Company pursuant to Section 13 hereof ("Notice Date") or (ii) as the average of the Market Prices for each of the five trading days preceding the Notice Date, whichever of (i) or (ii) is greater.

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