Examples of Vested Warrants in a sentence
The Manager may transfer any Manager’s Warrants that are not Vested Warrants to charitable and philanthropic institutions, as set forth in Section 6.1. of the Opportunities Assignment Agreement, up to a maximum amount equivalent to twenty-five percent (25%) of all the Warrants that are not Vested Warrants.
In order to exercise the Vested Warrants, its holder shall deliver to the Company, with copy to the Registrar, as applicable, a notice in the form of the notice contained in Exhibit 1 hereof (the “Exercise Notice”).
If a material default of the Manager’s obligations were proved to exist, the Manager’s Warrants that are not Vested Warrants shall expire; unless such default is cured in accordance with the provisions of the Opportunities Assignment Agreement, and such expiration shall be immediately notified to the Registrar.
The failure to satisfy the conditions precedent set forth in Section 6.1. before the respective Vesting Dates, upon the occurrence of an Acceleration Event, shall not imply the expiration of the Manager’s Warrants that have not become Vested Warrants as of such date.
If an Acceleration Event shall occur at any time as from the Issue Date, even if it occurs after the respective Vesting Dates, each holder of Warrants shall be alternatively entitled to: (i) exercise the Warrants within 30 days following the occurrence of the Acceleration Event and receive the Underlying Shares acquired upon exercise of the Warrants; or (ii) maintain the Vested Warrants.
The Manager’s Warrants that are not Vested Warrants as of the date of death, Absence or disability shall be automatically reallocated among the other Managers in proportion to their respective interests in the total number of Warrants, and shall be exercisable by them always provided that on the respective Vesting Date or before such date upon the occurrence of one or more Acceleration Events, subject to the provisions of Section 6.3. , the conditions precedent set forth in Section 6.1. have been met.
The Manager’s Warrants that are not Vested Warrants may only be transferred to New Managers or between the Managers and New Managers and/or the Affiliates of any of them, the management personnel of the Company and its Affiliates and external advisers to the Company and its Controlled Companies (the “Assignees of Non-Vested Warrants”), provided that the Assignees of Non-Vested Warrants may only be beneficiaries of up to twenty percent (20%) of all the Manager’s Warrants that are not Vested Warrants.
The Corporation agrees that the Common Shares purchased pursuant to the exercise of Vested Warrants (as defined below) shall be and be deemed to be issued to the Warrantholder as of the close of business on the date on which this Warrant Certificate shall have been surrendered and payment made for such Common Shares as aforesaid (the “Exercise Date”).
For purposes hereof, "Section 6.01(f) Vested Warrants" means Warrants that are then exercisable or which would become exercisable upon completion of the transactions subject to this Section 6.01(f).
Any Warrants vested at a given time are designated "Vested Warrants"; whereas unvested Warrants are designated "Unvested Warrants".