Common use of Vesting Date and Effective Term Clause in Contracts

Vesting Date and Effective Term. The Warrants under Series I, Series II and Series III may be exercised by fifths as from September 28, 2010, September 28, 2011, September 28, 2012, September 28, 2013, and September 28, 2014 (the “Vesting Date”) and they shall continue in effect for a term of fifteen years counted as from the Issue Date (the “Effective Term”). Upon expiration of the Effective Term without the Warrants having been exercised under the terms hereof, the Warrants shall expire.

Appears in 4 contracts

Samples: Restated Agreement for Issue of Warrants on Common Shares (Pampa Energy Inc.), Restated Agreement for Issue of Warrants on Common Shares (Pampa Energy Inc.), Restated Agreement for Issue of Warrants on Common Shares (Pampa Energy Inc.)

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