Exercise of the Warrants Sample Clauses
The "Exercise of the Warrants" clause defines the process and conditions under which warrant holders can convert their warrants into shares or other securities of the issuing company. Typically, this clause outlines the steps required to exercise the warrants, such as submitting a notice and payment, and may specify timeframes, exercise price, and any limitations or restrictions. Its core practical function is to provide a clear and standardized mechanism for warrant holders to realize their rights, ensuring both parties understand how and when warrants can be exercised, thereby reducing the risk of disputes or confusion.
POPULAR SAMPLE Copied 3 times
Exercise of the Warrants. Warrants may be exercised at any time on or after March 1, 2001 and prior to 5:00 p.m. New York City time on March 1, 2006 (the "Expiration Date"). The holder of Warrants evidenced by this Warrant Certificate may exercise such Warrants by surrendering this Warrant Certificate, with the form of election to purchase set forth hereon properly completed and executed, together with payment to the Company of the Exercise Price for each Warrant then exercised. Exercise of this Warrant by a person other than the registered holder named in the preamble of this warrant is subject to the approval of such person for admission as a member of the company by the members of the company who may grant or withhold such consent in their absolute discretion. In the event that upon any exercise of Warrants evidenced hereby the number of Warrants exercised shall be less than the total number of Warrants evidenced hereby, the Company shall issue to the holder hereof or his permitted assignee a new Warrant Certificate evidencing the number of Warrants not exercised. No cash dividend shall be paid to a holder of Warrants Shares issuable upon the exercise of Warrants unless such holder was, as of the record date for the declaration of such dividend, the record holder of such Warrant Shares. No Warrant may be exercised after the Expiration Date, and to the extent not exercised by such time, such Warrants shall become void. The Company shall give notice of expiration not less than 90 nor more than 120 days prior to the Expiration Date to the registered holders of the then outstanding Warrants; provided, however, that if the Company fails to give such notice, the Warrants shall still terminate and become void on the Expiration Date.
Exercise of the Warrants. The provisions of this paragraph (c) shall similarly apply to successive reorganizations, reclassifications, consolidations, mergers, sales, transfers or other dispositions.
Exercise of the Warrants. The shares of Common Stock issuable upon exercise of the Warrants included in the Units and the Private Placement Warrants have been duly authorized and reserved for issuance upon exercise thereof and, when issued and delivered against payment therefor pursuant to the Warrants and the Private Placement Warrants, as applicable, and the Warrant Agreement, will be validly issued, fully paid and nonassessable. The holders of such shares of Common Stock are not and will not be subject to personal liability by reason of being such holders; such shares of Common Stock are not and will not be subject to any preemptive or other similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of such shares of Common Stock (other than such execution (if applicable), countersignature (if applicable) and delivery at the time of issuance) has been duly and validly taken.
Exercise of the Warrants. At any time prior to the Expiration Date, the Holder shall be entitled to exercise some or all of the Warrants represented by this Warrant Certificate and purchase an equal number of Common Shares upon surrender of this Certificate at the principal office of the Company, together with:
(i) the form of Election to Purchase annexed hereto duly executed; and
(ii) a certified cheque of bank draft, payable at par, in Canadian currency, to or to the order of the Company, in the amount of the Exercise Price per Warrant (as hereinafter determined) multiplied by the number of Warrants being so converted. The exercise price per Warrant to be exercised shall be one (US$1.00) United States dollar (the "Exercise Price"). Upon the exercise of less than all of the Warrants to purchase the Common Shares evidenced by this Warrant Certificate, there shall be issued to the Holder a new Warrant Certificate in respect of the Warrants not exercised.
Exercise of the Warrants. The shares of Common Stock issuable upon exercise of the Warrants have been duly authorized and reserved for issuance upon exercise thereof and, when issued and delivered against payment therefor pursuant to the Warrants and the Warrant Agreement, will be validly issued, fully paid and nonassessable. Such shares of Common Stock are not and will not be subject to any preemptive or other similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of such shares of Common Stock (other than such execution (if applicable), countersignature (if applicable) and delivery at the time of issuance) has been duly and validly taken.
Exercise of the Warrants. The undersigned hereby agree that the Warrant Agreement is hereby amended by adding the following last two sentences to Section 3.3.2: “In no event will the registered holder of a Warrant be entitled to receive a net-cash settlement or other consideration in lieu of physical settlement in shares of Common Stock if the Common Stock underlying the Warrants is not covered by an effective registration statement. Accordingly, the Warrants may expire unexercised and worthless if a current registration statement covering the Common Stock is not effective.”
Exercise of the Warrants. (a) In case a Warrant Holder wishes to exercise some or all of its Warrants, it must provide the Company and the Bank during the Warrant Exercise Period a duly completed notice of exercise substantially in the form set out in Annex 2.9(a) (the “Warrant Exercise Notice”) and pay the aggregate Warrant Exercise Price to the blocked bank account at the Bank as further specified in the Warrant Exercise Notice.
(b) A Warrant Exercise Notice, once delivered, shall be irrevocable.
(c) Upon receipt by the Company of the written confirmation from the Bank of payment of the aggregate Warrant Exercise Price, the Company shall in good faith cooperate with the exercising Warrant Holder and promptly take all steps necessary to ensure that the Warrant Shares for which Warrants have been duly exercised in accordance with Clause 2.9(a) will be (i) duly recorded in the Company’s main register (Hauptregister) maintained by SIX SIS AG, (ii) through the facilities of SIX SIS AG and in accordance with the provision of FISA, timely booked to the deposit of the exercising Warrant Holder with the custody bank as instructed by the exercising Warrant Holder in the Warrant Exercise Notice and (iii) enter the exercising Warrant Holder into the Company’s share register as a shareholder of the Company with full voting rights as to the Warrant Shares purchased by the exercising Warrant Holder pursuant to the Warrant Exercise Notice.
Exercise of the Warrants. At the discretion of the Warrant holder, each Warrant may be exercised into shares of Common Stock at an exercise price of Forty Five Cents ($0.45) per share. Warrant Holders may elect to cancel any outstanding debt and/or accrued interest, including the Notes, as payment of the exercise price of the Warrant. Warrant Holders may also exchange other securities of Borrower held at the market price thereof in payment of the exercise price of Warrants. The Warrants shall expire on the earlier of (i) six years from the date of repayment of the Notes issued together with such Warrant(s) or (ii) 10 years from the date of original issuance thereof. The Warrants shall be detachable the Notes and may be exercised, transferred or sold independently of the Notes (subject to applicable law).
Exercise of the Warrants. Warrants may be exercised at any time on or after March 1, 2001 and prior to 5:00 p.m. New York City time on March 1, 2006 (the "Expiration Date"). The holder of Warrants evidenced by this Warrant Certificate may exercise such Warrants by surrendering this Warrant Certificate, with the form of election to purchase set forth hereon properly completed and executed, together with payment to the Company of the Exercise Price fo each Warrant No Warrant may be exercised after the Expiration Date, and to the extent not exercised by such time, such Warrants shall become void. The Company shall give notice of expiration not less than 90 nor more than 120 days prior to the Expiration Date to the registered holders of the then outstanding Warrants; provided, however, that if the Company fails to give such notice, the Warrants shall still terminate and become void on the Expiration Date.
Exercise of the Warrants. 3.1. The Warrants shall be exercised by way of delivery of a written notice (in the form attached as Appendix A to this Agreement) from The Holder to the Company concerning its intention to exercise the Warrants which it is entitled to exercise, in whole or in part, together with the Exercise Price. The Exercise Shares shall be issued to The Holder after receipt of The Holder’s said notice.
3.2. The Company shall not allot to The Holder shares in the Company before completion of the full payment of the Exercise Price in respect of the shares which The Holder wishes to exercise.