Examples of Successor Stock in a sentence
If the effect of vesting pursuant to this Section (a) would cause a Stock Option or Successor Stock Option to terminate earlier than if such accelerated vesting had not occurred, then the term of such Stock Option shall not expire earlier than if such accelerated vesting had not occurred.
In the event that the Units are exchanged for, or converted into, Successor Stock, then any fractional shares that would be deliverable upon the exercise of the Call Option but for this sentence shall be deemed eliminated from this Agreement and the shares deliverable by a Unitholder shall be rounded down to the nearest whole number.
If this Warrant shall have been exercised only in part, the Corporation shall, at the time of delivery of such certificate or certificates, deliver to such Holder a new warrant evidencing the rights of such Holder to purchase the remaining shares of Successor Stock called for by this Warrant, which new warrant shall in all other respects be identical with this Warrant, or, at the request of such Holder, appropriate notation may be made on this Warrant and the same returned to such Holder.
The Corporation covenants that all shares of Successor Stock which may be issued upon exercise of this Warrant will be, upon issuance and payment of the Exercise Price, fully paid and non-assessable.
For the avoidance of doubt, with respect to this Section 12.03, the value of the Qualified MSG Stock or Qualified Successor Stock will be equal to the value attributed at the time of issuance pursuant to Section 2.03(b).
In the event that, at any time after the Effective Date, the Units are converted into Successor Stock or any other securities pursuant to Section 13 of the LLC Agreement, the terms of this Agreement shall apply to the Successor Stock or such other securities.
Upon receipt of the notice of exercise, the payment, the executed Investor Representation Letter and surrender of this Warrant, the Corporation shall, as promptly as practicable, execute or cause to be executed and deliver to such Holder a certificate or certificates representing the aggregate number of shares of Successor Stock specified in such notice.
No fractional shares of Successor Stock are to be issued upon the exercise of this Warrant.
The exercise price shall be fifty-five cents ($0.55) per share for each share of Corporation or Successor Stock acquired, as the case may be, subject to adjustment pursuant to Section 5 below.
To exercise this Warrant in whole or in part, the Holder hereof shall deliver to the Corporation (i) a written Notice of Exercise of such Holder's election to exercise this Warrant, which notice shall spexxxx xhe number of whole shares of Successor Stock to be purchased, (ii) payment of the aggregate Exercise Price for the shares of Successor Stock being purchased in the manner provided herein, (iii) an executed Investor Representation Letter, and (iv) this Warrant.