Exercise of Securities Sample Clauses

Exercise of Securities. If the Customer fails to make timely payment of any of the Liabilities, then, in addition to the right of The Brokers to make demand on the Guarantor pursuant to section 7 herein or to any other right which The Brokers may have, The Brokers may, without notice or demand to the Guarantor, apply any Collateral or sell, contract to sell or otherwise dispose of, whether by public or private sale, any or all of the Collateral and apply the net proceeds therefrom to eliminate or reduce the Liabilities. Such rights may be exercised separately, successively or concurrently. For this purpose, The Brokers may convert any amount or sum into the currency of the amount of the Liabilities owing at a rate of exchange at which The Brokers could purchase the relevant currency on the relevant date acting in good faith. If The Brokers make a demand on or give notice to the Guarantor prior to exercising any such right, then such demand or notice shall not constitute a waiver by The Brokers’ right to take any other action authorized herein without further demand or notice. Any and all expenses (including any legal expenses) reasonably incurred by The Brokers in exercising their rights herein may be charged to the Guarantor. The Guarantor shall remain liable to The Brokers for any deficiency remaining following the exercise of any of its rights herein or otherwise. The Guarantor acknowledges that the rights granted to The Brokers herein are reasonable and necessary for the protection of The Brokers having regard to the nature and volatility of the Securities markets.
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Exercise of Securities. 15.1. Should the Client fail to make an occasional payment or fulfil any of his Obligations, LBS, in addition to its right to send a payment request to the Guarantor pursuant to this Agreement or to any other eventual right, may, without any prior notice or request to the Guarantor, use, sell, contract to sell or otherwise dispose of, by public or private sale, all or part of the Assets Pledged as Collateral, and use the net proceeds of such sale to diminish, or to eliminate, such Obligations. Such rights may be exercised separately, successively or concurrently. Should LBS send the Guarantor a request or a prior notice before exercising such rights, such request or prior notice shall not be construed as a waiver of LBS’ right to take any such actions in the future without giving prior notice to the Guarantor. The Guarantor is responsible toward LBS for any unpaid balance pursuant to the exercise of any of the rights provided for in this Agreement or elsewhere. The Guarantor acknowledges and agrees that his total assets, current or future, are put at the disposal of LBS, upon request, to fulfil such Obligations. Any expenses (including legal fees) reasonably incurred by LBS in exercising its rights may be charged to the Guarantor. The Guarantor acknowledges that the rights herein granted to LBS are reasonable and necessary for the protection of LBS, given the nature of securities markets, including, more specifically, their volatility.
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Exercise of Securities. Option Other than in Connection with Disposition by -------------------------------------------------------------------------- a Seller -------- (a) If (i) any Seller becomes the owner of any New Shares and, within one (1) month following the registration of the report on the results of the issuance of such New Shares with the FCSM, no Disposition of such New Shares, New ADSs or Notes occurs or (ii) the aggregate outstanding principal amount of the Loans and Accrued Interest and Fees has not been repaid in full by VimpelCom and no Disposition of the Option Securities has occurred by January 27, 2001, the Share Option shall be exercisable as follows: (i) The Purchaser shall, if, and to the extent any New Shares have been issued to any Seller on or prior to such date, have the right to exercise the Share Option, in whole or in part, at any time and/or from time to time, by sending to such Seller a notice specifying that the Purchaser wishes to purchase the Option Shares or any part thereof, the number of New Shares or New ADSs to be purchased and the date, time and place of the Closing of such purchase.
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Exercise of Securities. The undersigned, being [the holder(s)][the Monte Titoli Accountholder(s)] of the Warrants and, if applicable, Units referred to below forming part of the above issue of Warrants, hereby exercises the number of Warrants and, if applicable, Units referred to below, subject to the Conditions of such Warrants. Expressions defined in such Conditions shall bear the same meanings herein.
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Related to Exercise of Securities

  • Purchase of Securities Promptly upon each purchase of Securities for the Fund, Written Instructions shall be delivered to the Custodian, specifying (i) the name of the issuer or writer of such Securities, and the title or other description thereof, (ii) the number of shares, principal amount (and accrued interest, if any) or other units purchased, (iii) the date of purchase and settlement, (iv) the purchase price per unit, (v) the total amount payable upon such purchase, and (vi) the name of the person to whom such amount is payable. The Custodian shall upon receipt of such Securities purchased by the Fund pay out of the moneys held for the account of the Fund the total amount specified in such Written Instructions to the person named therein. The Custodian shall not be under any obligation to pay out moneys to cover the cost of a purchase of Securities for the Fund, if in the Fund Custody Account there is insufficient cash available to the Fund for which such purchase was made.

  • Repurchase of Securities AT THE OPTION OF THE HOLDER UPON A CHANGE IN CONTROL

  • Execution of Securities The Securities shall be signed on behalf of the Issuer by the chairman of the Board of Directors, the president, any vice president or the treasurer of the Issuer, under its corporate seal which may, but need not, be attested by its secretary or one of its assistant secretaries. Such signatures may be the manual or facsimile signatures of the present or any future such officers. The seal of the Issuer may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or otherwise reproduced on the Securities. Typographical and other minor errors or defects in any such reproduction of the seal or any such signature shall not affect the validity or enforceability of any Security that has been duly authenticated and delivered by the Trustee. In case any officer of the Issuer who shall have signed any of the Securities shall cease to be such officer before the Security so signed shall be authenticated and delivered by the Trustee or disposed of by the Issuer, such Security nevertheless may be authenticated and delivered or disposed of as though the person who signed such Security had not ceased to be such officer of the Issuer; and any Security may be signed on behalf of the Issuer by such persons as, at the actual date of the execution of such Security, shall be the proper officers of the Issuer, although at the date of the execution and delivery of this Indenture any such person was not such an officer.

  • Issuance of Securities The Convertible Debentures are duly authorized and, upon issuance in accordance with the terms hereof, shall be duly issued, fully paid and nonassessable, are free from all taxes, liens and charges with respect to the issue thereof. The Conversion Shares issuable upon conversion of the Convertible Debentures have been duly authorized and reserved for issuance. Upon conversion or exercise in accordance with the Convertible Debentures the Conversion Shares will be duly issued, fully paid and nonassessable.

  • Reservation of Securities The Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents in such amount as may be required to fulfill its obligations in full under the Transaction Documents. In the event that at any time the then authorized shares of Common Stock are insufficient for the Company to satisfy its obligations in full under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

  • Valid Issuance of Securities The Forward Purchase Shares, when issued, sold and delivered in accordance with the terms and for the consideration set forth in this Agreement, will be validly issued, fully paid and nonassessable, as applicable, and free of all preemptive or similar rights, taxes, liens, encumbrances and charges with respect to the issue thereof and restrictions on transfer other than restrictions on transfer specified under this Agreement, applicable state and federal securities laws and liens or encumbrances created by or imposed by the Purchaser. Assuming the accuracy of the representations of the Purchaser in this Agreement and subject to the filings described in Section 3(e) below, the Forward Purchase Shares will be issued in compliance with all applicable federal and state securities laws.

  • Conversion of Securities At the Effective Time, by virtue of the Merger and without any action on the part of Merger Sub, the Company or the holders of any of the following securities: (a) each share of common stock, no par value (the "Company Common Stock"; all issued and outstanding shares of the Company Common Stock being collectively referred to as the "Shares"), and the Series A convertible preferred stock (the "Company Preferred Stock"; all issued and outstanding shares of the Company Preferred Stock being collectively referred to as the "Preferred Shares"), of the Company issued and outstanding immediately prior to the Effective Time, other than any Shares or Preferred Shares to be cancelled pursuant to Section 3.03(b) and other than any Dissenting Shares, shall be cancelled and shall be converted automatically into the right to receive an amount equal to $2.00 in cash (the "Merger Consideration") payable without interest to the holder of such Share or Preferred Share, upon surrender, in the manner provided in Section 3.04 hereof, of the Certificate that formerly evidenced such Share or Preferred Share. All such Shares and Preferred Shares when so converted shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each holder of a Certificate representing any such Shares or Preferred Shares shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration therefor upon the surrender of such Certificate in accordance with Section 3.04 hereof, without interest; (b) each Share and each Preferred Share held in the treasury of the Company and each Share and each Preferred Share owned by Parent or any direct or indirect wholly owned subsidiary of Parent or of the Company immediately prior to the Effective Time shall be cancelled and retired and shall cease to exist without any conversion thereof and no payment or distribution shall be made with respect thereto; and (c) each share of common stock, par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into and exchanged for one validly issued, fully paid and nonassessable share of common stock, no par value, of the Surviving Corporation.

  • Reissuance of Securities The Company agrees to reissue certificates representing the Securities without the legends set forth in Section 5.8 above at such time as: (a) the holder thereof is permitted to dispose of such Securities pursuant to Rule 144(k) under the Securities Act; or (b) upon resale subject to an effective registration statement after such Securities are registered under the Securities Act. The Company agrees to cooperate with the Purchaser in connection with all resales pursuant to Rule 144(d) and Rule 144(k) and provide legal opinions necessary to allow such resales provided the Company and its counsel receive reasonably requested representations from the selling Purchaser and broker, if any.

  • REDEMPTION OF SECURITIES SECTION 1101.

  • Sale and Purchase of Securities Subject to the terms and conditions hereof, the Company agrees to sell, and Purchaser irrevocably subscribes for and agrees to purchase, the number of Units set forth on the signature page of this Agreement at a purchase price of $15.00

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