Notice of an Exercise Event Clause Samples
The "Notice of an Exercise Event" clause defines the requirement for one party to formally notify the other when a specific event, such as the exercise of an option or right, has occurred or is about to occur. Typically, this clause outlines the method, timing, and content of the notice, ensuring that all parties are aware of the event and can respond accordingly; for example, it may require written notice within a certain number of days after the event. Its core practical function is to ensure transparency and timely communication between parties, thereby reducing the risk of disputes or misunderstandings regarding the exercise of contractual rights.
Notice of an Exercise Event. The Company shall, as soon as practicable after the occurrence of an Exercise Event, send or cause to be sent to each holder of Warrants and to each beneficial owner of the Warrants with respect to which such Exercise Event has occurred to the extent that the Warrants are held of record by a depositary or other agent (with a copy to the Warrant Agent), by first-class mail, at the addresses appearing on the Warrant Register, a notice prepared by the Company advising such holder of the Exercise Event which has occurred, which notice shall describe the type of Exercise Event and the date of the occurrence thereof, as applicable, and, in either case, the date of expiration of the right to exercise the Warrants prominently set forth in the face of such notice.
Notice of an Exercise Event. The Company shall, to the extent reasonably practicable, not fewer than 30 days nor more than 60 days prior to the occurrence of an Exercise Event, send to each holder of Warrants and to each beneficial owner of the Warrants to the extent that the Warrants are held of record by a depositary or other agent, by first-class mail, at the addresses appearing on the Warrant Register, a notice of the Exercise Event to occur, which notice shall describe the type of Exercise Event and the date of the proposed occurrence thereof and the date of expiration of the right to exercise the Warrants prominently set forth in the face of such notice.
Notice of an Exercise Event. The Company shall, as soon as practicable after the occurrence of an Exercise Event, send or cause to be sent to each holder of Warrants and to each beneficial owner of the Warrants with respect to which such Exercise Event has occurred to the extent that the Warrants are held of record by a depositary or other agent (with a copy to the Warrant Agent), by first-class mail, at the addresses appearing on the Warrant Register, a notice prepared by the Company advising such holder of the Exercise Event which has occurred, which notice shall describe the type of Exercise Event and the date of the occurrence thereof, as applicable, and the date of expiration of the right to exercise the Warrants prominently set forth in the face of such notice. The Company agrees to make available the foregoing right notwithstanding any other provision herein to the contrary. Such right may, if it would be in the best interests of holders of Warrants, be in lieu of the right to receive the number of Shares to which the holder would have been entitled.
Notice of an Exercise Event. Holdings shall, as --------------------------- soon as practicable after the occurrence of an Exercise Event, send or cause to be sent to each holder of Warrants, by first-class mail, at the addresses appearing on the Warrant Register, a notice prepared by Holdings advising such holder of the Exercise Event which has occurred, which notice shall describe the type of Exercise Event and the date of the occurrence thereof, as applicable, and the date of expiration of the right to exercise the Warrants prominently set forth in the face of such notice. Holdings agrees to make available the foregoing right notwithstanding any other provision herein to the contrary.
Notice of an Exercise Event. The Company shall, as soon as practicable after the occurrence of an Exercise Event, send or cause to be sent to each holder of Warrants, by first-class mail, at the addresses appearing on the Warrant Register, a notice prepared by the Company advising such holder of the Exercise Event which has occurred, which notice shall describe the type of Exercise Event and the date of the occurrence thereof, as applicable, and the date of expiration of the right to exercise the Warrants prominently set forth in the face of such notice. The Company agrees to make available the foregoing right notwithstanding any other provision herein to the contrary.