Vesting of Warrant. This Warrant shall vest and become exercisable as of the date hereof.
Vesting of Warrant. The Warrant Shares shall vest and become exercisable in full as follows:
(i) 14,000,000 Warrant Shares shall vest and become exercisable upon the issuance of this Warrant; and
(ii) with respect to the remaining 20,000,000 Warrant Shares that did not vest and become immediately exercisable upon the issuance of this Warrant, for each share of Common Stock that is issued upon the conversion of any Outstanding Convertible Notes into shares of Common Stock in accordance with the terms of the Existing Convertible Note Indenture or the New Convertible Note Indenture, as applicable, one of such Warrant Shares shall vest and become exercisable; provided that upon the earliest date on which at least 50% of the aggregate principal amount of the Outstanding Convertible Notes are converted into shares of Common Stock in accordance with the terms of the Existing Convertible Note Indenture or the New Convertible Note Indenture, as applicable, all remaining Warrant Shares shall vest and become immediately exercisable.
Vesting of Warrant. This Warrant shall vest and become exercisable on the six month anniversary of the Base Date (the “Vesting Date”). For purposes of this Warrant, the “Base Date” shall mean the date of effectiveness of registration statement number 333-166868. Except as otherwise provided for herein or as permitted by applicable rules of the Financial Industry Regulatory Authority (“FINRA”), this Warrant shall not be sold, transferred, assigned, pledged or hypothecated prior to the Vesting Date.
Vesting of Warrant. This Warrant shall vest and become exercisable on the Base Date. For purposes of this Warrant, the “Base Date” shall mean [________], 2011.3 Except as otherwise provided for herein or as permitted by applicable rules of the Financial Industry Regulatory Authority, Inc. (“FINRA”), this Warrant and the Warrant Shares shall not be sold, transferred, assigned, pledged or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the Warrant or the Warrant Shares, for the 180 days following the Base Date. The Warrant and the Warrant Shares are subject to a 180-day lock-up pursuant to Section 9 hereof in accordance with FINRA Rule 5110(g)(1).
Vesting of Warrant. This Warrant is immediately exercisable for an aggregate of 11,117 shares of Common Stock and on each three month anniversary of May 31, 2002 (the "Vesting Trigger Date") shall be exercisable for an additional number of shares of Common Stock equal to the product of A multiplied by B divided by C, where (A) is 1,336, (B) is the aggregate principal amount of the Notes outstanding on such three month anniversary of the Vesting Trigger Date, and (C) is $200,000
Vesting of Warrant. This Warrant shall vest and become exercisable on the six month anniversary of the Closing Date (as defined in the Offering Documents) ("Vesting Date").
Vesting of Warrant. The Warrant Shares shall vest upon, and the Holder shall not be entitled to exercise this Warrant with respect to such Warrant Shares until the Vesting Date. The “Vesting Date” shall mean the date on which the Series C-4 Convertible Preferred Stock of the Company becomes eligible for conversion.
Vesting of Warrant. This warrant is immediately vested and may be exercised in full or in part according to the terms and conditions in paragraphs 1.2 and 1.3 listed below. The warrants can be exercised in increments of up to the maximum warrants issuable under the terms of this agreement.
Vesting of Warrant. In the event that an Event of Default shall occur by reason of a willful breach or violation by HollyWeed of its covenants in respect of the HollyWeed IPO as set forth in Section 5.1, the Warrant issued to Origo shall automatically vest, shall be immediately exercisable and no longer be subject to redemption by HollyWeed.
Vesting of Warrant. The Stock Purchase Warrant shall vest and become exercisable as to the number of shares of Common Stock listed in the chart below if the First Milestone, Second Milestone and/or Third Milestone (as such terms are hereinafter defined) are met: Milestone No. of Shares of Common Stock --------- ----------------------------- First Milestone 333,333 Second Milestone 333,333 Third Milestone 333,334 For purposes of the Stock Purchase Warrant, the First Milestone, Second Milestone and Third Milestone are defined as follows:
(a) For the period commencing February 1, 2003 and ending July 31, 2003, the Company must achieve Pre-tax Earnings of Five Hundred Thousand Dollars ($500,000) (the "First Milestone");
(b) For the period commencing August 1, 2003 and ending January 31, 2004, the Company must achieve Pre-tax Earnings of One Million Dollars ($1,000,000) (the "Second Milestone");
(c) For the period commencing February 1, 2004 and ending July 31, 2004, the Company must achieve Pre-tax Earnings of One Million Five Hundred Thousand Dollars ($1,500,000) (the "Third Milestone").
