Common use of When Exercise Effective Clause in Contracts

When Exercise Effective. The exercise of this Option shall be deemed to have been effected immediately prior to the close of business on the business day on which this Option is surrendered as provided in Section 1 and the documents referenced in Section 1 are duly executed and delivered as provided in Section 1, and at such time the Holder shall be deemed to be the record holder of such Units for all purposes.

When Exercise Effective. The exercise of this Option shall be deemed to have been effected immediately prior to the close of business on the business day on which the Purchase Price is paid, this Option is surrendered as provided in Section 1 and the documents referenced in Section 1 are duly executed and delivered as provided in Section 1, and at such time the Holder Buyer shall be deemed to be the record holder of such Units for all purposes.

When Exercise Effective. The exercise of this Option shall be deemed to ----------------------- have been effected immediately prior to the close of business on the business day on which this Option is surrendered as provided in Section 1 and the documents referenced in Section 1 are duly executed and delivered as provided in Section 1, and at such time the Holder shall be deemed to be the record holder of such Units for all purposes.

When Exercise Effective. The Each exercise of this Option shall be deemed to have been effected immediately prior to the close of business on the business day on which this Option is shall have been surrendered to the Company as provided in Section 1 and the documents referenced in Section 1 are duly executed and delivered as provided in Section 11.2, and at such time the Holder person or persons in whose name or names any certificate or certificates for shares of Option Stock shall be issued upon such exercise shall be deemed for all corporate purposes to be have become the record holder of such Units for all purposesrecord thereof.

When Exercise Effective. The exercise of this Option shall be deemed to ------------------------ have been effected immediately prior to the close of business on the business day on which this Option is surrendered as provided in Section 1 and the documents referenced in Section 1 are duly executed and delivered as provided in Section 1, and at such time the Holder shall be deemed to be the record holder of such Units for all purposes.