Term of the Put Option Sample Clauses

Term of the Put Option. (a) The provisions of this Article V shall be effective from the date hereof and shall continue to be in full force and effect until the last to occur of (A) the first date on which MSF Holding shall be deemed to have become a public company as provided in subsection (b) below, (B) the date on which the Exercise Price shall no longer be subject to recession or 18 15 return pursuant to Section 5.08(c) hereof, (C) the date on which the right of MSF Holding to the FMO Subscription under the Investment Agreement shall have been canceled and (D) the date which is the eighth anniversary date of this Agreement. (b) MSF Holding shall be deemed to have become a public company when all the requirements set out below have been fully satisfied: (i) MSF Holding shall have delivered to FMO a notice, in form and substance satisfactory to FMO, signed by an authorized representative of MSF Holding certifying that (A) all legal, governmental, corporate, creditors', and other necessary licenses, approvals or consents required to be obtained or fulfilled under the laws, rules, procedures and regulations of the applicable Stock Exchange, any other applicable laws and MSF Holding's Memorandum and Articles of Association or other relevant constitutive documents; to become a public company, have been duly fulfilled, granted and obtained by MSF Holding and all such licenses, approvals or consents have become irrevocable and unconditional under their relevant terms; and (B) no Event of Default or suspension and cancellation of the FMO Subscription and no Triggering Event shall have occurred or be continuing; (ii) FMO shall have received a certificate from the Stock Exchange or other documentation satisfactory to FMO establishing that (A) Shares representing at least thirty percent (30%) of the outstanding share capital of MSF Holding were placed within a period not to exceed forty-five (45) consecutive calendar days counting from the day on which such shares were originally made available for subscription by the public; provided, that for purposes of the calculation referred to in Section 5.08(b)(ii)(A), any Shares offered in an initial public offering and subscribed by, or any Shares traded by or on behalf of, any of the Co-Borrowers or DVI or any Subsidiary or Affiliate shall be excluded and FMO has received documentation satisfactory to FMO establishing that the Shares are actively traded; (iii) FMO shall have received a legal opinion or opinions, in form and substance acceptabl...
Sample 1
AutoNDA by SimpleDocs
Term of the Put Option. The Put Option shall terminate immediately after the Closing or on October 31, 1999, whichever occurs first.
Sample 1

Related to Term of the Put Option

  • Term of the Plan The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of Directors; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved the stockholders of the Company.

  • Term of the Option The term of the Option (the “Option Period”) shall be for a period of ten (10) years from the Effective Date, terminating at the close of business on the tenth anniversary of the Effective Date (the “Expiration Date”) or such shorter period as provided in Section 6 hereof.

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • Option Term This option shall have a term of ten (10) years measured from the Grant Date and shall accordingly expire at the close of business on the Expiration Date, unless sooner terminated in accordance with Paragraph 5 or 6.

  • Term of Option This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.

  • Option Period Pursuant to the Contract, the following are the Adjustment Factors for the term ending October 20, 2023: Date Index 1 August 2019 11311.06 3 October 2019 11326.12 6 January 2020 11392.41 7 February 2020 11396.01 8 March 2020 11396.97 9 April 2020 11412.67 10 May 2020 11418.16 11 June 2020 11436.23 12 July 2020 11439.11 Date Index 1 August 2021 12463.13 2 September 2021 12464.55 3 October 2021 12464.94 4 November 2021 12467.32 5 December 2021 12481.82 6 January 2022 12555.55 7 February 2022 12683.97 8 March 2022 12791.43 9 April 2022 12898.96 10 May 2022 13004.47 11 June 2022 13110.50 12 July 2022 13167.84 Adjustment: Third Year Index Average = 12712.8733 = 1.1168 Base Year Index Average 11383.5283 WA−DC−GC03−100120−SWC Original Adjustment Factor x Adjustment = Adjustment Factor through 10/20/23 Normal Working Hours – Prevailing Wage 1.0378 1.1168 1.1590 Other Than Normal Working Hours – Prevailing Wage 1.0638 1.1168 1.1881 Normal Working Hours – Non−Prevailing Wage 1.0357 1.1168 1.1567 Other Than Normal Working Hours – Non− Prevailing Wage 1.0605 1.1168 1.1844 Non Pre−Priced 1.1627 1.0000 1.1627

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • TERM OF THE WARRANT AGREEMENT Except as otherwise provided for herein, the term of this Warrant Agreement and the right to purchase Preferred Stock as granted herein shall commence on the Effective Date and shall be exercisable for a period of (i) seven (7) years or (ii) three (3) years from the effective date of the Company's initial public offering, whichever is longer.

  • Term of the Pledge 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with the relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness has been fully paid. The Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within thirty (30) days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the Parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the relevant PRC laws and regulations and the competent AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing. 3.2 During the Term of the Pledge, in the event the Pledgor and/or Party C fails to perform the Contract Obligations or pay Secured Indebtedness, the Pledgee shall have the right, but not the obligation, to exercise the Pledge in accordance with the provisions of this Agreement.

  • Original Term The weighted average original term for the Receivables is at least 65 months.

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