Examples of Deemed Exercise Date in a sentence
No Special Warrants may be voluntarily exercised by the holders thereof at any time after their issuance, unless agreed to by the Corporation pursuant to a supplemental indenture entered into with the Special Warrant Agent providing for such exercise and subject to any certificates issued prior to the Deemed Exercise Date bearing the legends set out in Section 5.8.
No Special Warrants may be voluntarily exercised by the holders thereof at any time after their issuance, unless agreed to by the Corporation pursuant to a Supplemental Indenture entered into with the Special Warrant Agent providing for such exercise and subject to any certificates issued prior to the Deemed Exercise Date bearing the legends set out in Section 5.8.
On the Deemed Exercise Date, the Participant shall be deemed to be the holder of record of the duly exercised Option Stock, notwithstanding ~that the stock transfer books of the Company shall then be closed or that certificates representing such duly exercised Option Stock shall not then be actually delivered to the Participant.
The Valuation Date for such Warrants shall be the first Index Country Business Day next succeeding such Deemed Exercise Date.
On the Deemed Exercise Date, all the Warrants will be canceled and will represent only a right to receive the Cash Settlement Value upon satisfaction of the requirements set forth in Section 2.03(b).