Grant of the Exchange Right Sample Clauses

Grant of the Exchange Right. The Holders shall have the right (the "EXCHANGE RIGHT"), upon the occurrence and during the continuance of an Insolvency Event, to require WCL to purchase from each or any Holder all or any part of the Exchangeable Shares held by the Holder, all in accordance with the provisions of this Agreement. WCL hereby acknowledges receipt from the Shareholders of good and valuable consideration (and the adequacy thereof) for the grant of the Exchange Right to the Shareholders.
Sample 1
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Grant of the Exchange Right. (a) Subject to Section 2.4, the Public Corporation hereby grants to each Exchangeable Shareholder the right (the “Exchange Right”) to require the Public Corporation (in accordance with the procedure set out in Section 2.5) to exchange all or any part of the Exchangeable Securities held by such Exchangeable Shareholder into Pubco Shares in accordance with the provisions of this Agreement. The Exchange Right shall be exercisable on any Business Day by giving the notice provided for in Section 2.5 at least five Business Days and not more than ten Business Days prior to the Exchange Date. (b) The Public Corporation hereby acknowledges receipt from each Exchangeable Shareholder of good and valuable consideration (and the adequacy of the consideration) for the grant of the Exchange Right hereunder. For greater certainty, the Exchange Right as it applies to an Exchangeable Security shall enure to each transferee in respect of any Exchangeable Security transferred from time to time.
Sample 1
Grant of the Exchange Right. In consideration of BlackRock purchasing the Purchased Shares and for other good and valuable consideration, Banro hereby grants to BlackRock (and each subsequent Holder from time to time of any Barbados Preferred Shares, including any transferee of any Barbados Preferred Shares from BlackRock and any subsequent transferee of Barbados Preferred Shares thereafter, whether or not rights under this Agreement are formally assigned by BlackRock or any subsequent transferee) the right (the “Exchange Right”) to exchange with Banro at any time and from time to time on notice as provided herein each Barbados Preferred Share (together with one Banro Series B Share) held by such Holder for one Banro Series A Share.
Sample 1
Grant of the Exchange Right. Pure hereby grants to the Shareholders the right (hereinafter the ‘‘Exchange Right’’), upon the occurrence and during the continuance of an Insolvency Event, to require Pure to purchase from it all or any part of the Exchangeable Shares it holds, all in accordance with the provisions of this Agreement. Pure hereby acknowledges receipt from the Shareholders of good and valuable consideration (and the adequacy hereof) for the grant of the Exchange Right and the Automatic Exchange Rights described in subsection 2.7 hereof by Pure to the Shareholders.
Sample 1
Grant of the Exchange Right. Neutron Holdings hereby grants to 2024069 the right (hereinafter the ''Exchange Right''), upon the occurrence and during the continuance of an Insolvency Event, to require Neutron Holdings to purchase from it all or any part of the Exchangeable Shares it holds, all in accordance with the provisions of this Agreement. Neutron Holdings hereby acknowledges receipt from 2024069 of good and valuable consideration (and the adequacy hereof) for the grant of the Exchange Right and the Automatic Exchange Rights described in subsection 2.7 hereof by Neutron Holdings to 2024069.
Sample 1

Related to Grant of the Exchange Right

  • GRANT OF THE RIGHT TO PURCHASE COMMON STOCK (a) For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, up to the aggregate number of fully paid and non-assessable shares of Common Stock (as defined below) as determined pursuant to Section 1(b) below, at a purchase price per share equal to the Exercise Price (as defined below). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

  • Grant of Units On the Date of Grant, the Participant shall acquire, subject to the provisions of this Agreement, the Total Number of Units set forth in the Grant Notice, subject to adjustment as provided in Section 9. Each Unit represents a right to receive on a date determined in accordance with the Grant Notice and this Agreement one (1) share of Stock.

  • Grant of Option; Conditions Tenant shall have a continuing right of first offer (the “Right of First Offer”) with respect to the following space in the Office Section: (i) Commencing on the date hereof, all space in Tower IV other than on the first floor; (ii) Commencing on the date hereof, any space in Tower Ill that is contiguous to the then Premises, whether on a floor above or below the Premises (including SSB Expansion Space and Early Expansion Space not added under Section 41.01 and any expansion space under Section 41.02) or on the same floor as a portion of the Premises, but in Tower Ill; (iii) Commencing July 1, 2019, any space in Tower I, but subject to the rights, existing as of the date of this Lease, of other tenants of the Building. Any such space that becomes available as hereinafter described is referred to herein as the “Offering Space”. If during the Term Landlord determines (in Landlord’s sole judgment) that Offering Space is available to lease to a third party other than the existing tenant or licensee of the Offering Space, then Landlord shall so advise Tenant (the “Advice”). Tenant may lease such Offering Space in its entirety only, under the applicable terms described below, by delivering written notice of exercise to Landlord (the “Notice of Exercise”) within ten business (10) days after the date of the Advice. In any event, Tenant’s delivery of a Notice of Exercise shall be deemed to be the irrevocable exercise by Tenant of its Right of First Offer subject to and in accordance with the provisions of this ARTICLE 43. Any reference to the Advice below shall be a reference to the Advice with respect to which a Notice of Exercise was given. Notwithstanding the foregoing, Tenant shall have no such Right of First Offer and Landlord need not provide Tenant with an Advice, if: (a) A material default is then continuing at the time that Landlord would otherwise deliver the Advice; or (b) Tenant herein named (or a transferee pursuant to a Related Party Transfer, as defined in ARTICLE 17 of this Lease) is not in occupancy of at least 70% of the Premises initially leased at the time Landlord would otherwise deliver the Advice; or (c) This Lease has been assigned (other than pursuant to a Related Party Transfer) prior to the date Landlord would otherwise deliver the Advice.

  • Exercise of the Purchase Rights The purchase rights set forth in this Warrant Agreement are exercisable by the Warrantholder, in whole or in part, at any time, or from time to time, prior to the expiration of the term set forth in Section 2 above, by tendering to the Company at its principal office a notice of exercise in the form attached hereto as Exhibit I (the "Notice of Exercise"), duly completed and executed. Promptly upon receipt of the Notice of Exercise and the payment of the purchase price in accordance with the terms set forth below, and in no event later than twenty-one (21) days thereafter, the Company shall issue to the Warrantholder a certificate for the number of shares of Preferred Stock purchased and shall execute the acknowledgment of exercise in the form attached hereto as Exhibit II (the "Acknowledgment of Exercise") indicating the number of shares which remain subject to future purchases, if any. The Exercise Price may be paid at the Warrantholder's election either (i) by cash or check, or (ii) by surrender of Warrants ("Net Issuance") as determined below. If the Warrantholder elects the Net Issuance method, the Company will issue Preferred Stock in accordance with the following formula: X = Y(A-B) ------ A Where: X = the number of shares of Preferred Stock to be issued to the Warrantholder. Y = the number of shares of Preferred Stock requested to be exercised under this Warrant Agreement. A = the fair market value of one (1) share of Preferred Stock.

  • Exercise of the Repurchase Right The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Unvested Shares prior to the expiration of the ninety (90)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on or before the close of business on the date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalent (including the cancellation of any purchase-money indebtedness), an amount equal to the Purchase Price previously paid for the Unvested Shares to be repurchased from Owner.

  • Grant of the Option The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of Shares, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option shall be $ (the “Option Price”). The Option is intended to be a non-qualified stock option, and is not intended to be treated as an option that complies with Section 422 of the Internal Revenue Code of 1986, as amended.

  • Grant of the Award Subject to the provisions of this Award Agreement and the Plan, the Company hereby grants to the Participant, an aggregate of [# of Shares Granted] shares of restricted stock (the “Restricted Stock”), subject to adjustment as set forth in the Plan.

  • GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK The Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase from the Company, 9,694 fully paid and non-assessable shares of the Company’s Series B Preferred Stock (“Preferred Stock”) at a purchase price of $4.90 per share (the “Exercise Price”). The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof.

  • Termination of the Repurchase Right The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Paragraph C.

  • Grant of Option The Corporation hereby grants to Optionee, as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice. The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price.

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