Vesting of the Warrant. The Warrant is vested in full upon issuance.
Vesting of the Warrant. The Warrant is fully vested and may be exercised on or after the Issuance Date in accordance with the terms of this Agreement and the Warrant.
Vesting of the Warrant. The Warrant is vested as of the Vesting Date and may be exercised on or after the Vesting Date in accordance with the terms of this Agreement and the Warrant.
Vesting of the Warrant. The Warrant Units shall vest (i) 25% upon the issuance of this Warrant, and (ii) 25% upon each of the first, second and third anniversaries of the issuance of this Warrant. Notwithstanding the foregoing:
a. If the Services Agreement is terminated pursuant to Section 11 thereof, the then unvested Warrant Units shall terminate immediately upon the effectiveness of such termination and the Holder may continue to exercise the vested portion of this Warrant as provided in Section 3, subject to the provisions of subsection (c) below;
b. If the Services Agreement is terminated pursuant to Section 10 thereof, the vesting of the Warrant Units shall accelerate and automatically vest in full upon the effectiveness of such termination, and the Holder may continue to exercise the vested portion of this Warrant as provided in Section 3; and
c. Notwithstanding any other provision of this Warrant, the right to purchase vested Warrant Units shall be terminated and Warrants Units previously purchased shall be subject to repurchase by the Company with respect the Forfeited Units (as defined in and to the extent and on the terms provided in Section 13(a)(ii) of the Services Agreement).
Vesting of the Warrant. This Warrant shall vest according to the following vesting schedule:
(a) Twenty percent (20%) on the date hereof.
(b) An additional twenty percent (20%) on the closing of the Second Tranche pursuant to the Subscription Agreement.
(c) An additional thirty percent (30%) on the closing of the Third Tranche pursuant to the Subscription Agreement.
(d) The remaining thirty percent (30%) on the closing of the Final Tranche pursuant to the Subscription Agreement. In the event that one or more of the foregoing closings do not occur as a result of Holder’s failure to deliver consideration for the Notes as set forth in the Subscription Agreement, then, the portion of the Warrant scheduled to vest at such closing, along with any other unvested amounts hereunder, shall be automatically forfeited, cancelled and of no further force and effect.
Vesting of the Warrant. The Shares subject to this Warrant shall vest according to the following schedule:
(a) 57,548 Shares, as described in Section 1, shall be deemed to have vested as of January 15, 2014 in consideration for XGS having advanced on or before such date $690,575.00 of initial principal in a Convertible Secured Note pursuant to the transaction documents referenced in the Purchase Agreement (such documents collectively the “Transaction Documents”).
(b) 25,785 warrants shall vest according to the following schedule. For every $12 of new capital advanced to the Company in cash by XGS over and above the amounts referenced in Section 4(a) above under any of the Transaction Documents after January 15, 2014, one Share, as described in Section 1, shall be deemed to be vested.
(c) In the event there is a Default or Event of Default (as such terms are defined in the Transaction Documents) by the Company under any of the Transaction Documents and such Default or Event of Default continues uncured for a period of thirty (30) days after the Company’s receipt of written notice of the Event of Default, then all remaining unvested Shares subject to this Warrant will be deemed to have immediately vested.
(d) In the event there is a Change of Control of the Company as provided in Section 9 hereof, all remaining unvested Shares subject to this Warrant will be deemed to have immediately vested on the Business Day prior to such Change of Control.
Vesting of the Warrant. Section 1.1 of the Warrant is deleted in its entirety and replaced with the following:
Vesting of the Warrant. (a) [_____________________]
(b) The entire warrant shall immediately and fully vest one week prior to a change of control. The company shall notify the warrant holder of a pending change of control.
Vesting of the Warrant. The Warrant shall vest and shall become exercisable only on and after the last day of the Company’s fiscal quarter in which each of the following conditions has been satisfied:
(1) CFIUS Clearance has been received, (2) all amounts payable by the Holder under (A) the Collaboration Agreement and (B) the Collaboration Agreement dated November 1, 2018 between ARM and Marvell, have been fully paid through the end of their full terms, and (3) the Company shall have achieved an aggregate total of five hundred million dollars ($500,000,000) of ARM Server Business Revenue over four consecutive fiscal quarters, provided that such four consecutive fiscal quarters must occur within the period commencing with the first full fiscal quarter commencing after the date hereof and ending on the last day of the last full fiscal quarter occurring prior to the Expiration Date.
Vesting of the Warrant. The Warrant herein shall be vested in full upon issuance.
