Vested Warrants Sample Clauses

Vested Warrants. Upon verifying the occurrence of any of the Acceleration Events and/or as from the Vesting Date, in both cases subject to the provisions of Article Six, the Manager’s Warrants shall be exercisable, either fully or in part, during the whole Effective Term (the “Vested Warrants”).

Vested Warrants. The Warrants will entitle the holder thereof to purchase a number of shares of Common Stock equal to approximately 15% of the fully diluted equity of the Company (determined after giving effect to the management option pool but without giving effect to the Warrants and with the exact percentage to be determined so as to result in the initial 57.7%/32.3%/10.0% split between STG, Xxxxxxx and the management option pool referenced in “Terms of the Investment – The Transaction” above) as of immediately following the Closing. Except as provided under “Sale Transaction,” the Warrants may be exercised at any time from and after the Closing. Exercise Price $0.01 per share of Common Stock. Sale Transaction In the event of an acquisition of 100% of the equity of the Company by any person (whether by merger or sale of securities) (a “Sale Transaction”), including any Sale Transaction constituting a Triggering Event, the Company will be entitled to terminate the Warrants immediately following consummation of such Sale Transaction. Holders of Warrants shall be entitled to prior notice of any Sale Transaction and shall be permitted to exercise the Warrants effective immediately prior to, and subject to consummation of, such Sale Transaction. Adjustments The Exercise Price and number of shares issuable upon exercise of Warrants will be appropriately adjusted for stock splits, recapitalizations and similar events. In the case of any recapitalization, business combination or reorganization in which the Preferred Stock is converted into or exchanged for the right to receive other securities, cash or other assets (other than a Sale Transaction), the Warrants will be automatically converted into warrants to purchase such other securities, cash or other assets as may be issued or exchanged for the number of shares of Preferred Stock issuable upon exercise of the Warrants immediately prior to such recapitalization, business combination, reorganization or reclassification.

Vested Warrants. The Warrant Shares shall vest and be deemed vested as follows (“Vested”): on the Initial Exercise Date, 17,500 of the Warrant Shares shall vest and on the [___] day of each month thereafter, an additional 17,500 of the Warrant Shares shall vest; provided that Warrant Shares shall only vest on a scheduled vesting date if the Agreement has not been terminated by Holder prior to such scheduled vesting date, as applicable.

Vested Warrants. The Initial Holders or their designated affiliates are hereby granted the right to purchase, at any time from and after the date hereof, until 5:00 P.M., Pacific Standard Time, on September 30, 2007 (subject to Section 16 hereof, the "Warrant Exercise Term"), up to 4,146,357 Shares at an initial exercise price (subject to adjustment as provided in Article 7 hereof) of $.01