Vesting and Term. (a) The Warrant shall vest at the rate of 20% per year beginning on the first anniversary of the date that the Bank opens for business (the "Issue Date"). On each successive anniversary of the Issue Date, an additional 20% of the Warrant shall vest. The portion of the Warrant which is vested may be exercised in whole, or from time to time in part, at any time prior to the Expiration Time (as defined herein).
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Samples: Warrant Agreement (Southernbank Holdings Inc), Warrant Agreement (NBG Bancorp Inc)
Vesting and Term. (a) The Warrant shall vest at the rate of 2033.3% per year beginning on the first anniversary of the date that the Bank opens for business (the "βIssue Date"β). On each successive anniversary of the Issue Date, an additional 2033.3% of the Warrant shall vest. The portion of the Warrant which is vested may be exercised in whole, or from time to time in part, at any time prior to the Expiration Time (as defined herein).
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Samples: Organizer Warrant Agreement (First Commerce Community Bankshares Inc)
Vesting and Term. (a) The Warrant shall vest at the rate of 2025% per year beginning on the first anniversary of the date that the Bank opens for business (the "Issue Date"). On each successive anniversary of the Issue Date, an additional 2025% of the Warrant shall vest. The portion of the Warrant which is vested may be exercised in whole, or from time to time in part, at any time prior to the Expiration Time (as defined herein).
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Vesting and Term. (a) The Warrant shall vest at the rate of 2033.3% per year beginning on the first anniversary of the date that the Bank opens for business (the "Issue Date"). On each successive anniversary of the Issue Date, an additional 2033.3% of the Warrant shall vest. The portion of the Warrant which is vested may be exercised in whole, or from time to time in part, at any time prior to the Expiration Time (as defined herein).
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Vesting and Term. (a) The Warrant shall vest at the rate of 2033 1/3% per year beginning on the first anniversary of the date that close of the Bank opens for business Company's initial public offering of its common stock (the "Issue Date"). On each successive anniversary of the Issue Date, an additional 2033 1/3% of the Warrant shall vest. The portion of the Warrant which is vested may be exercised in whole, or from time to time in part, at any time prior to the Expiration Time (as defined herein).
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Vesting and Term. (a) The Warrant shall vest at the rate of 2033-1/3% per year beginning on the first anniversary of the date that the Bank opens for business (the "Issue Date"). On each successive anniversary of the Issue Date, an additional 2033-1/3% of the Warrant shall vest. The portion of the Warrant which is vested may be exercised in whole, or from time to time in part, at any time prior to the Expiration Time (as defined herein).
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