Partial Exercises Sample Clauses
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Partial Exercises. Partial exercise of a Warrant resulting in the purchase of a portion of the total number of Warrant Shares available thereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable under the Warrant in an amount equal to the applicable number of Warrant Shares purchased. The Warrant Agent shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. If the Warrant shall have been exercised in part, the Warrant Agent shall, at the request of a Registered Holder and upon surrender of the Warrant certificate, at the time of delivery of the Warrant Shares, deliver to the Registered Holder a new Warrant evidencing the rights of the Registered Holder to purchase the unpurchased Warrant Shares called for by the Warrant, which new Warrant shall in all other respects be identical with the partially exercised Warrant.
Partial Exercises. If the vested Options are exercised in part, the Company will, at the time of delivery of the applicable certificates for Shares (unless the Options have then expired), issue and deliver to the Participant or the Person designated by the Participant in the applicable Notice of Exercise, a new Agreement evidencing the right of the Participant or such other Person to purchase the aggregate number of Shares for which Options have not been exercised and otherwise in form and substance identical to this Agreement, upon which this Agreement will be canceled.
Partial Exercises. A partial exercise of the Option to purchase less than the entire vested portion of the Option shall not affect the Holder’s rights to exercise the Option with respect to the remainder of the vested portion of the Option, subject to the terms and conditions of the Plan and this Agreement.
Partial Exercises. No Option or SAR may be exercised for a fraction of a share and no partial exercise of any Option or SAR Right may be made for less than 50 shares unless the total number of Shares remaining under the Award Agreement is less than 50 at the time of exercise.
Partial Exercises. In the event of a partial exercise of this Warrant, the Company shall issue an appropriate new warrant to the Holder.
Partial Exercises. In the event that the Warrant is not exercised in full, the number of Warrant Shares shall be reduced by the number of such Warrant Shares for which this Warrant is exercised, and the Company, after receipt by it of a form of Warrant reflecting such adjusted Warrant Shares, at its expense, shall forthwith issue and deliver to or upon the order of the Warrant Holder a new Warrant of like tenor in the name of the Warrant Holder or as the Warrant Holder (upon payment by the Warrant Holder of any applicable transfer taxes) may request, reflecting such adjusted Warrant Shares.
Partial Exercises. If this Warrant is exercised in part, but not in whole, the Company shall promptly deliver at its own cost and expense a Warrant reflecting the Holder’s remaining Warrant Shares.
Partial Exercises. The Holder may exercise this Warrant in part (one or more times) by surrendering this Warrant and a completed Notice of Exercise in the manner and at the place provided in Subsection 2.1 except that the number of Shares obtained through a partial exercise shall be the number of Shares as shall be designated by the Holder in the Notice of Exercise. The surrendered Warrant shall be accompanied by payment in an amount equal to (a) the number of Shares as shall be designated by the Holder in the Notice of Exercise multiplied by (b) the then applicable Purchase Price. After each such partial exercise, the Company at its expense will forthwith issue and deliver to the Holder a new Warrant of like tenor, in the name of the Holder, pursuant to which the Holder may thereafter purchase a number of Shares equal to the aggregate number of Shares which could have been purchased pursuant to a full exercise of the Warrant immediately prior to the most recent partial exercise, less the number of such Shares purchased pursuant to the most recent partial exercise.