Lack of Exercise Clause Samples

The "Lack of Exercise" clause defines the consequences if a party fails to exercise a right or option within a specified timeframe. Typically, this clause states that if the right is not exercised by the deadline, it will expire or become void, and the party loses the ability to act on it later. This ensures that rights and options are exercised promptly, providing certainty and preventing indefinite obligations or opportunities from lingering in the agreement.
Lack of Exercise. It is expressly agreed that lack of exercise of the Warrants by its holder shall not give rise to any liability of the holder towards the Company.
View SourceView Similar (4)
Lack of Exercise. Studies in SMI have found those affected to be less physically active than the general population (▇▇▇▇▇, 1999). Individuals with SMI exercise significantly less vigorously and engage in significantly more sedentary behaviour than healthy controls (▇▇▇▇▇▇ et al., 2016). This inactivity is associated with a variety of adverse health outcomes in people with SMI, including obesity, diabetes, and medical co-morbidity. Additionally, it has been found to be associated with more severe negative symptoms and impaired socioeconomic functioning (▇▇▇▇▇▇▇ et al., 2016). As well as behaviour associated directly with symptom profiles, people with SMI receive sedating drugs that can make it harder to be active (Soundy et al., 2014). Furthermore, gym membership can also be inaccessible and/or expensive which can act as a deterrent.
View SourceView Similar (2)
Lack of Exercise. In case neither the Offered Quotaholder nor the Purchasing Third Party completes the purchase of the Offered Quotas within ninety (90) calendar days from the receipt of the Offer Notice by the Offered Quotaholder, the mechanism of the Right of First Refusal will reset, and have to be performed again, as per the provisions of this Agreement. 4.
View Source

Related to Lack of Exercise

  • Time of Exercise The purchase rights represented by this Warrant may be exercised in whole or in part during the Term.

  • Mechanics of Exercise Subject to the terms and conditions hereof, the rights represented by this Warrant may be exercised in whole or in part at any time or times during the Exercise Period by delivery of a written notice, in the form attached hereto as Exhibit A (the “Exercise Notice”), of the Holder’s election to exercise this Warrant. The Holder shall not be required to deliver the original Warrant in order to effect an exercise hereunder. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. On or before the second Trading Day (the “Warrant Share Delivery Date”) following the date on which the Holder sent the Exercise Notice to the Company or the Company’s transfer agent, and upon receipt by the Company of payment to the Company of an amount equal to the applicable Exercise Price multiplied by the number of Warrant Shares as to which all or a portion of this Warrant is being exercised (the “Aggregate Exercise Price” and together with the Exercise Notice, the “Exercise Delivery Documents”) in cash or by wire transfer of immediately available funds (or by cashless exercise, in which case there shall be no Aggregate Exercise Price provided), the Company shall (or direct its transfer agent to) issue and deliver by overnight courier to the address as specified in the Exercise Notice, a certificate, registered in the Company’s share register in the name of the Holder or its designee, for the number of shares of Common Stock to which the Holder is entitled pursuant to such exercise (or deliver such shares of Common Stock in electronic format if requested by the Holder). Upon delivery of the Exercise Delivery Documents, the Holder shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this Warrant has been exercised, irrespective of the date of delivery of the certificates evidencing such Warrant Shares. If this Warrant is submitted in connection with any exercise and the number of Warrant Shares represented by this Warrant submitted for exercise is greater than the number of Warrant Shares being acquired upon an exercise, then the Company shall as soon as practicable and in no event later than three business days after any exercise and at its own expense, issue a new Warrant (in accordance with Section 6) representing the right to purchase the number of Warrant Shares purchasable immediately prior to such exercise under this Warrant, less the number of Warrant Shares with respect to which this Warrant is exercised. If the Company fails to cause its transfer agent to issue to the Holder the respective shares of Common Stock by the respective Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise in Holder’s sole discretion in addition to all other rights and remedies at law, under this Warrant, or otherwise, and such failure shall also be deemed an event of default under the Note, a material breach under this Warrant, and a material breach under the Purchase Agreement. If the Market Price of one share of Common Stock is greater than the Exercise Price, then the Holder may elect to receive Warrant Shares pursuant to a cashless exercise, in lieu of a cash exercise, equal to the value of this Warrant determined in the manner described below (or of any portion thereof remaining unexercised) by surrender of this Warrant and an Exercise Notice, in which event the Company shall issue to Holder a number of Common Stock computed using the following formula: Where X = the number of Shares to be issued to Holder. Y = the number of Warrant Shares that the Holder elects to purchase under this Warrant (at the date of such calculation). A = the Market Price (at the date of such calculation).

  • Form of Exercise Each election to exercise this option shall be in writing, signed by the Participant, and received by the Company at its principal office, accompanied by this agreement, and payment in full in the manner provided in the Plan. The Participant may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share.

  • Right of Exercise Subject to the provisions hereof, each Registered Warrantholder may exercise the right conferred on such holder to subscribe for and purchase one (1) Warrant Share for each Warrant after the Issue Date and prior to the Expiry Time and in accordance with the conditions herein.

  • Method of Exercise Holder may exercise this Warrant by delivering a duly executed Notice of Exercise in substantially the form attached as Appendix 1 to the principal office of the Company. Unless Holder is exercising the conversion right set forth in Article 1.2, Holder shall also deliver to the Company a check, wire transfer (to an account designated by the Company), or other form of payment acceptable to the Company for the aggregate Warrant Price for the Shares being purchased.