Features and period of validity of BSA – Conditions of exercise Sample Clauses

Features and period of validity of BSA – Conditions of exercise. Provided they are subscribed for by the Holder, BSA are granted for a period of 10 years as from June 26th, 2012, date of their issuance by the CGM and subscription by the Holder. BSA must be exercised within the aforementioned maximum period of 10 years; furthermore, the vesting schedule is at the rate of 1/3rd per year. For the sake of clarity, it is specified that, the Holder shall be entitled to exercise up to 1/3rd of his BSA on the first, up to 2/3rd on the second and without restriction on the third anniversary of the date defined by the CGM and reminded in the Individual Notification Letter. Exercising a BSA entitles the Holder to subscribe for one ordinary share of Sequans Communications’ share capital at the price of USD [closing price of Sequans Communications ADS on NYSE on 26 June 2012] ; the counter value in Euro shall be determined on the exercise date of the BSA. This number of shares cannot be modified during the BSA’ period of validity, except in the event of an adjustment in the subscription price and any other adjustments in accordance with statutory and regulatory requirements. Any BSA that is not exercised before the expiry of the aforementioned 10-year period shall be null and void.
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Features and period of validity of BSA – Conditions of exercise. Provided they are subscribed for by the Holder, BSA are granted for a period of 10 years as from June 26, 2020, date of their issuance by the CGM. BSA must be exercised within the aforementioned maximum period of 10 years; furthermore, the vesting schedule (the “Vesting Schedule”) is at the rate of 1/3rd per year. For the sake of clarity, it is specified that, the Holder shall be entitled to exercise up to 1/3rd of his/her BSA on the first, up to 2/3rd on the second and without restriction on the third anniversary of the date of issuance by the CGM as documented in the Individual Notification Letter. Exercising a BSA entitles the Holder to subscribe for one ordinary share of the Company’s share capital. This number of shares cannot be modified during the BSA period of validity, except in the event of an adjustment in the subscription price and any other adjustments in accordance with applicable laws and regulations. Any BSA that is not exercised by the expiry of the aforementioned 10-year period shall be null and void.
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Features and period of validity of BSA – Conditions of exercise. Provided they are subscribed for by the Holder, BSA are granted for a period of 10 years as from January 11, 2011, date of their issuance by the CGM. BSA must be exercised within the aforementioned maximum period of 10 years; furthermore, the vesting schedule is at the rate of 1/3rd per year. For the sake of clarity, it is specified that, the Holder shall be entitled to exercise up to 1/3rd of his BSA on the first, up to 2/3rd on the second and without restriction on the third anniversary of the date defined by the CGM and reminded in the Individual Notification Letter. Exercising a BSA entitles the Holder to subscribe for one new class A preferred share (or one ordinary share should Sequans Communications be listed on a financial market) of Sequans Communications’ share capital at the price of Euro 3.14 – issuance premium of Euro 3.13 included—price applied by the CGM and reminded under article 5 hereafter. This number of shares cannot be modified during the BSA’ period of validity, except in the event of an adjustment in the subscription price and any other adjustments in accordance with statutory and regulatory requirements Any BSA that is not exercised before the expiry of the aforementioned 10-year period shall be null and void.
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Features and period of validity of BSA – Conditions of exercise. Provided they are subscribed for by the Holder, BSA are granted for a period of 10 years as from March 8th, 2011, date of their issuance by the CGM and subscription by the Holder. BSA must be exercised within the aforementioned maximum period of 10 years; furthermore, the vesting schedule is at the rate of 1/3rd per year. For the sake of clarity, it is specified that, the Holder shall be entitled to exercise up to 1/3rd of his BSA on the first, up to 2/3rd on the second and without restriction on the third anniversary of the date defined by the CGM and reminded in the Individual Notification Letter. Exercising a BSA entitles the Holder to subscribe for one new class A preferred share (or 2 BSA will give right to subscribe for one ordinary share after completion of both the conversion of class A preferred shares into ordinary shares and the reverse split of Company shares) of Sequans Communications’ share capital at the price of Euro [—] – issuance premium of Euro [—] included—price applied by the CGM and reminded under article 5 hereafter. This number of shares cannot be modified during the BSA’ period of validity, except in the event of an adjustment in the subscription price and any other adjustments in accordance with statutory and regulatory requirements. Any BSA that is not exercised before the expiry of the aforementioned 10-year period shall be null and void.
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Related to Features and period of validity of BSA – Conditions of exercise

  • Conditions of Exercise Unless otherwise determined by the Committee in its sole discretion (provided that such determination is not adverse to the Grantee), the Options will be exercisable only in accordance with the conditions stated in this Section 3.

  • Conditions to the Obligations of Seller The obligation of Seller to consummate the transactions contemplated by this Agreement is subject to the satisfaction of the following conditions, any one or more of which may be waived in writing by Seller:

  • Conditions to the Obligations of Buyer The obligation of Buyer to consummate the transactions contemplated by this Agreement is subject to the satisfaction of the following conditions, any one or more of which may be waived in writing by Buyer:

  • Conditions to the Obligations of Sellers The obligations of Sellers under this Agreement are, at their option, subject to the fulfillment of the following conditions prior to or at the Closing Date:

  • Conditions Precedent to the Obligations of the Company to sell Shares The obligation of the Company to sell Shares at the Closing is subject to the satisfaction or waiver by the Company, at or before the Closing, of each of the following conditions:

  • Conditions Precedent to the Obligations of the Company to sell Securities The obligation of the Company to sell Securities at the Closing is subject to the satisfaction or waiver by the Company, at or before the Closing, of each of the following conditions:

  • General Terms and Conditions of the Debentures SECTION 2.1. Designation and Principal Amount............................... 3 SECTION 2.2. Maturity....................................................... 3 SECTION 2.3. Form and Payment............................................... 3 SECTION 2.4. Global Debenture............................................... 4 SECTION 2.5. Interest....................................................... 6

  • Conditions to the Obligations of the Buyer The obligations of the Buyer hereunder are subject to the fulfillment or satisfaction at or prior to the Closing of each of the following conditions (any one or more of which may be waived by the Buyer but only in writing):

  • Conditions Precedent to the Obligations of the Purchasers to Purchase Securities The obligation of each Purchaser to acquire Shares and Warrants at the Closing is subject to the fulfillment to such Purchaser’s satisfaction, on or prior to the Closing Date, of each of the following conditions, any of which may be waived by such Purchaser (as to itself only):

  • General Terms and Conditions of the Notes Section 201.

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