Exercise and Expiration of Warrants Sample Clauses

The "Exercise and Expiration of Warrants" clause defines the terms under which a warrant holder can purchase the underlying securities and the timeframe during which this right can be exercised. Typically, it outlines the process for exercising the warrant, such as providing notice and payment, and specifies the expiration date after which the warrant becomes void. This clause ensures both parties understand the conditions and deadlines for exercising warrants, thereby preventing disputes and clarifying the rights and obligations associated with the warrants.
Exercise and Expiration of Warrants. 8 3.1 Right to Acquire Warrant Shares Upon Exercise....................... 8 3.2 Exercise and Expiration of Warrants................................. 8 (a)
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Exercise and Expiration of Warrants. When validly issued and subject to the provisions of the Warrant Certificate and this Agreement, each Warrant Certificate will entitle the Holder thereof to acquire from the Company, subject to the terms hereof (including Exhibit A hereto), for each Warrant evidenced thereby, one Warrant Share at the Exercise Price, subject to the anti-dilution adjustments under this Agreement. The Exercise Price and the number of Warrant Shares to be received on exercise of the Warrants will be adjusted from time to time as required by paragraph 5 of this Agreement.
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Exercise and Expiration of Warrants. 8 3.1 RIGHT TO ACQUIRE WARRANT SHARES UPON EXERCISE....................8 3.2 EXERCISE AND EXPIRATION OF WARRANTS..............................8 (a) EXERCISE OF WARRANTS.......................................8 (b) EXPIRATION OF WARRANTS.....................................8 (c) METHOD OF EXERCISE.........................................8 (d) PARTIAL EXERCISE...........................................9 (e) ISSUANCE OF WARRANT SHARES.................................9 (f) TIME OF EXERCISE...........................................9 3.3
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Exercise and Expiration of Warrants. (a) The Warrants shall upon issuance not be exercisable and shall become immediately exercisable solely upon and to the extent of the exercise of Old Equity Warrants. To the extent that less than all of the Old Equity Warrants are exercised, than that fraction, the numerator of which is the number of shares of Common Stock for which the Old Equity Warrants are exercised and the denominator of which is product of the total number of shares of Common Stock into which one Old Equity Warrant is initially exercisable multiplied by the total number of Old Equity Warrants issued upon the closing of the Exchange Offer, of each Warrant shall become exercisable by the Holder of the Warrant. The Warrant Agent (or upon the failure of the Warrant Agent to take the following actions in accordance with this Section 2.3, the Company) shall within 5 business days after the exercise of any of the Old Equity Warrants, or, the Company shall in the case of a transaction or series of transactions in which (i) a merger, reorganization or consolidation in which a majority of the outstanding voting power of the surviving or consolidated corporation immediately following such event is held by persons or entities who were not stockholders of the Company immediately prior to such event, (ii) the sale of all or substantially all of the assets of the Company and its subsidiaries or (iii) the redemption or repurchase of shares representing a majority of the voting power of the outstanding shares of capital stock of (in each case, a "Change of Control"), not less than 10 nor more than 60 days prior to the consummation of such Change of Control, give written notice to the Holder(s) of the Warrants stating (1) that all or some portion of the Old Equity Warrants have been exercised by the holder(s) thereof or a Change of Control is to occur, (2) the date upon which the Warrants or a fraction thereof became or are expected to become exercisable or the date upon which the Change of Control is to occur, and (3) that number or fraction of Warrants that have or may become exercisable as a result of such exercise of Old Warrants or Change of Control (the "Old Equity Exercise Notice"). (b) A Warrant or fraction thereof shall terminate and become void, with respect to that portion of the Warrant which has become exercisable, as of the 180th day after which such Warrant or fraction thereof becomes exercisable in accordance with Section 2.3(a) above (the "Expiration Date"); provided, however, that if...
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Exercise and Expiration of Warrants 
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Related to Exercise and Expiration of Warrants

  • Expiration of Warrants Immediately after the Expiry Time, all rights under any Warrant in respect of which the right of acquisition provided for herein shall not have been exercised shall cease and terminate and each Warrant shall be void and of no further force or effect.

  • Expiration of Warrant This Warrant shall expire on the five (5) year anniversary of the Base Date (the “Expiration Date”).

  • Duration and Exercise of Warrants (a) This Warrant shall be exercisable by the registered Holder on any business day before 5:00 P.M. (Pacific Time) at any time and from time to time on or after January 27, 2006 to and including the Expiration Date. At 5:00 P.M. (Pacific Time) on the Expiration Date, the portion of this Warrant not exercised prior thereto shall expire and become void and of no value. Prior to the Expiration Date, the Company may not call or otherwise redeem this Warrant. (b) Subject to Section 10, upon delivery of an executed Form of Election to Purchase, together with the grid attached hereto as Annex A duly completed and signed, to the Company at its address for notice set forth in Section 12 and upon payment of the Exercise Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder, in the manner provided hereunder, all as specified by the Holder in the Form of Election to Purchase, the Company shall promptly (but in no event later than 5 business days after the Date of Exercise (as defined herein)) issue or cause to be issued and cause to be delivered to or upon the written order of the Holder and in such name or names as the Holder may designate, a certificate for the Warrant Shares issuable upon such exercise, which may bear a restrictive legend as set forth in Section 7. To effect an exercise hereunder, the Holder shall not be required to physically surrender this Warrant to the Company unless all the Warrant Shares have been exercised. Exercises hereunder shall have the effect of lowering the number of Warrant Shares in an amount equal to the applicable exercise, which shall be evidenced by entries set forth on the attached Annex A. The Holder and the Company shall maintain records showing the number of Warrant Shares exercised and the date of such exercises. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following exercise of a portion of this Warrant, the number of shares issuable upon exercise of this Warrant may be less than the amount stated on the face hereof.

  • Duration and Exercise of Warrant (a) The rights represented by this Warrant may be exercised, by the Warrantholder of record, in whole, or from time to time in part (but covering at least the lesser of 1,000 shares or the Exercise Form annexed hereto (the "Exercise Form") duly executed by the Warrantholder of record and specifying the number of Warrant Shares to be purchased, to the Company at the office of the Company located at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ (or such other office or agency of the Company as it may designated by notice to the Warrantholder at the address of such Warrantholder appearing on the books of the Company) during normal business hours on any day (a "Business Day") other than a Saturday, Sunday or a day on which the Company is otherwise closed for business (a "Nonbusiness Day") or or after 9:00 a.m. Houston, Texas time on the Initial Exercise Date but not later than 5:00 p.m. on the Expiration Date (or 5:00 p.m. on the next succeeding Business Day, if the Expiration Date is a Nonbusiness Day), delivery of payment to the Company of the Exercise Price for the number of Warrant Shares or cash in lieu thereof specified in the Exercise Form and such documentation as to the identify and authority of the Warrantholder as the Company may reasonably request. (b) Certificates for the Warrant Shares specified in the Exercise Form shall be delivered to the Warrantholder as promptly as practicable, and in any event within ten business days, after the date the Company receives the fully completed Exercise Form. The stock certificates so delivered shall be in denominations specified by the Warrantholder, and shall be issued in the name of the Warrantholder. Such Warrant Shares shall be deemed by the Company to be issued to the Warrantholder that is the record holder of such Warrant Shares as of the close of business on the date on which this Warrant shall have been surrendered and payment made for the Warrant Shares as aforesaid. (c) If this Warrant shall have been exercised only in part, the Company shall, at the time of delivery of the certificates for the Warrant Shares, deliver to the Warrantholder a new Warrant evidencing the rights to purchase the remaining Warrant Shares, which new Warrant shall in all other respects be identical with this Warrant. (d) No adjustments or payments shall be made on or in respect of Warrant Shares issuable on the exercise of this Warrant for any cash dividends paid or payable to holders of record of Common Stock prior to the date as of which the Warrantholder shall be deemed to be the record holder of such Warrant Shares.

  • Terms and Exercise of Warrants (a) Subject to the terms of this Agreement, the Warrants shall be exercisable and each Holder shall have the right, which may be exercised at any time from and including October 1, 2009 and prior to or on November 30, 2009 (the “Expiration Date”), unless extended or accelerated per Section 2(c) below, to purchase from the Bank the number of Shares which the Holder may at the time be entitled to purchase on exercise of such Warrants, as identified on the Master Warrant Certificate. The Bank shall provide each Holder with a warrant exercise form (the "Exercise Form") prior to or contemporaneous with the commencement of the warrant exercise period. (b) Warrants may only be exercised for the purchase of whole Shares. Warrants may be exercised upon delivery to the Bank of a completed Exercise Form and upon payment to the Bank of the Warrant Exercise Price (as defined herein), for the number of Shares in respect of which such Warrants are then exercised. Payment of the aggregate Warrant Exercise Price shall be made by certified or official bank check, wire transfer or debit from an account at the Bank. Upon such delivery of the Exercise Form and payment of the Warrant Exercise Price as aforesaid, the Bank shall issue and cause to be delivered as promptly as possible to or upon the written order of the Holder, and in such name or names as the Holder may designate, a certificate or certificates for the number of full Shares so purchased upon the exercise of such Warrants. Such certificate or certificates shall be deemed to have been issued and any person so designated to be named therein shall be deemed to have become a holder of record of such Shares as of the date of the delivery of the Exercise Form and payment of the Warrant Exercise Price, as aforesaid. (c) The Bank may accelerate or extend the Expiration Date at any time, in its discretion to a date not earlier than 60 days following mailing of notice. Notice of the acceleration or extension, as applicable, shall contain the accelerated Expiration Date (the “Accelerated Expiration Date”) or the extended Expiration date (the "Extended Expiration Date"), as applicable.