Payment of the Exercise Sample Clauses

The 'Payment of the Exercise' clause defines how and when payment must be made by a party exercising an option, such as the purchase of shares or assets under a contract. Typically, this clause specifies the acceptable forms of payment (e.g., cash, certified check, wire transfer) and the deadline by which payment must be received following the exercise notice. Its core practical function is to ensure that the process for fulfilling financial obligations upon exercise is clear and enforceable, thereby reducing the risk of disputes or delays in the transaction.
Payment of the Exercise. Price shall be made in accordance with the provisions of this Agreement at the office of the Warrant Agent set forth above.
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Payment of the Exercise. Price for the Warrant Shares being acquired upon exercise of the Warrant, by wire transfer in immediately available Federal funds. Upon receipt of the foregoing, the Company shall promptly issue in the name of the Holder a certificate evidencing the Warrant Shares being purchased by such exercise and deliver such certificate to the address requested in the notice of exercise.
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Payment of the Exercise. Price for the Shares to be purchased on the exercise of the Option shall be made by cash or check payable to the order of the Company. Notwithstanding the foregoing, the Optionee shall have the right, subject to the Company's approval (in its sole discretion), to receive in lieu of the Shares an amount in cash from the Company equal to the difference between the Fair Market Value of the Shares to be received upon the exercise of the Option and the Exercise Price therefore.
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Payment of the Exercise. Price shall be made in accordance with the provisions of this Agreement at the principal executive office of the Company set forth above.
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Payment of the Exercise. Price shall be made by a crossed cheque or a demand draft or bank transfer in favour of “ESOP Trust” or as informed by the Trustee.
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Payment of the Exercise. Price with respect to the Exercise Shares to be purchased upon the exercise of all or any portion of the Warrant may, at the election of the Holder, be made as follows: (i) by payment to the Company, in cash, by check or wire transfer, of an amount equal to the Exercise Price multiplied by the number of Exercise Shares being purchased; or (ii) by surrender of the Warrant (together with a Notice of Exercise) to the Company in exchange for a number of Exercise Shares equal to the product of (x) the number of Exercise Shares as to which the Warrant is being exercised (as specified in the Notice of Exercise) multiplied by (y) a fraction, the numerator of which is the Current Market Price (as defined below) of the Common Stock less the Exercise Price and the denominator of which is the Current Market Price.
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Payment of the Exercise. Price may be made as set forth in Section 3 of the Warrant Agreement. If this Warrant is not exercised on or before 5:00 p.m., Pacific Standard time on the Expiration Date, this Warrant shall become void and all rights hereunder shall cease as of such time, except as provided in the Warrant Agreement. This Warrant is issued pursuant to the Warrant Agreement and is subject to, and entitled to the benefits of, all of the terms, provisions and conditions of the Warrant Agreement, which Warrant Agreement is hereby incorporated by reference herein and made a part hereof. The Warrant Agreement sets forth a full description of the rights, limitations of rights, obligations, duties and immunities of the Company and the Warrantholder with respect to this Warrant. Copies of the Warrant Agreement are on file at the Principal Office of the Company.
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Payment of the Exercise. Price shall be made in the manner selected by the Holder as set forth below: (i) At the option of the Holder, (A) by wire transfer to an account in a bank located in the United States designated for such purpose by the Company or (B) by certified or official bank check payable to the order of the Company and drawn on a member of the Chicago or New York Clearing House; or (ii) In lieu of delivering the cash Exercise Price as set forth in Section 2.2(b)(i), the Holder may instruct the Company in writing ("Notice of Cashless Exercise") to deduct from the number of shares of Common Stock that would otherwise be issued upon such exercise a number of shares of Common Stock equal to the quotient obtained from dividing
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Payment of the Exercise. Price shall be made by certified or official bank check in New York Clearing House Funds payable to the order of the Company. No Warrant may be exercised after 5:30 p.m., New York time, on the Expiration Date, at which time all Warrants evidenced hereby, unless exercised prior thereto, hereby shall thereafter be void.
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Related to Payment of the Exercise

  • Acceleration of Exercisability In the event of the merger or consolidation of the Company with or into another corporation, or the acquisition by another corporation or person of all or substantially all of the Company's assets or eighty percent (80%) or more of the Company's then outstanding voting stock, or the liquidation or dissolution of the Company, the Board may, in its absolute discretion and upon such terms and conditions as it deems appropriate, provide by resolution, adopted prior to such event and incorporated in the notice referred to in Section 3.3(vi), that at some time prior to the effective date of such event this Option shall be exercisable as to all the shares covered hereby, notwithstanding that this Option may not yet have become fully exercisable under Section 3.1(a); provided, however, that this acceleration of exercisability shall not take place if: (i) This Option becomes unexercisable under Section 3.3 prior to said effective date; or (ii) In connection with such an event, provision is made for an assumption of this Option or a substitution therefor of a new option by an employer corporation or a parent or subsidiary of such corporation. The Board may make such determinations and adopt such rules and conditions as it, in its absolute discretion, deems appropriate in connection with such acceleration of exercisability, including, but not by way of limitation, provisions to ensure that any such acceleration and resulting exercise shall be conditioned upon the consummation of the contemplated corporate transaction, and determinations regarding whether provisions for assumption or substitution have been made as defined in clause (ii) above.

  • Cumulative Exercisability To the extent that the Option is vested and exercisable, the Grantee has the right to exercise the Option (to the extent not previously exercised), and such right shall continue, until the expiration or earlier termination of the Option.

  • Option Acceleration One hundred percent (100%) of the shares subject to all Options granted to the Employee by the Company prior to the Change of Control shall immediately become vested and exercisable in full upon such Involuntary Termination. Following such acceleration, the Options shall continue to be subject to the terms and conditions of the Company’s stock option plans and the applicable option agreements between the Employee and the Company.

  • Conditional Exercise Notwithstanding any other provision hereof, if an exercise of any portion of this Warrant is to be made in connection with a public offering or a sale of the Company (pursuant to a merger, sale of stock, or otherwise), such exercise may at the election of the Holder be conditioned upon the consummation of such transaction, in which case such exercise shall not be deemed to be effective until immediately prior to the consummation of such transaction.

  • Mandatory Exercise (a) If (i) the Price of the Common Stock is greater than 150% of the Exercise Price (as adjusted to reflect any stock split, combination, reclassification, recapitalization, exchange, stock dividend or other distribution payable in Common Stock with respect to shares of Common Stock) for sixty (60) consecutive trading days in the principal market in which the Common Stock is traded and (ii) the Company gives written notice (the "Company Notice") to the holder hereof of the satisfaction of the condition in clause (i), then within fifteen (15) days after the effective date of the Company Notice, the holder hereof shall exercise all of the Warrants. If required by this Section 5, the holder hereof agrees to exercise the Warrants, and to purchase shares of Common Stock pursuant to the terms of this Warrant Certificate. If the holder has not fulfilled its obligations to exercise the Warrants pursuant to this Section 5 within fifteen (15) days after the holder's receipt of the Company Notice, then (without limiting the Company's available remedies) (A) the obligations of holder under this Section 5 shall continue but the purchase rights otherwise represented by this Warrant Certificate shall terminate, (B) the Company may thereafter refuse, in its sole discretion, to allow holder to exercise the Warrants (including pursuant to this Section 5), (C) all obligations of the Company under Sections ▇, ▇, ▇ ▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, (▇) no further adjustments to the Exercise Price shall be made unless the Company in its sole discretion consents in writing. Each Warrant holder's obligations under this Section 5(a) shall be subject to the expiration or termination of all waiting periods (and any extensions thereof) applicable to exercise of such holder's Warrants under the HSR Act (as defined below); provided that such holder shall have certified in writing to the Company that a filing under the HSR Act is required and provided further that such holder shall use its best efforts to cause the expiration or termination of such waiting period to occur as promptly as practicable. (b) Holder represents and warrants to the Company that holder has full corporate power and authority to execute, deliver, and perform this Warrant Certificate and to consummate the transactions contemplated hereby. The execution, delivery, and performance by holder of this Warrant Certificate have been duly authorized by all necessary corporate action of holder. This Warrant Certificate has been duly executed and delivered by holder and constitutes a valid and legally binding obligation of holder, enforceable against holder in accordance with its terms, except that such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium, and similar laws affecting creditors' rights generally and (ii) general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law). (c) The right to require exercise of the Warrants is hereby declared by the parties hereto to be a unique right, the loss of which is not readily susceptible to monetary quantification. Consequently, the parties hereto agree that an action for specific performance of the exercise and purchase obligations created by this Section 5 is an available remedy for the breach of the provisions of this Section 5. If the Company is forced to institute legal proceedings to enforce its rights in accordance with the provisions of this Section 5, it shall be entitled to recover its reasonable attorneys' fees and court costs incurred in enforcing such rights. (d) Holder is executing this Warrant Certificate in order to make and agree to the covenants, representations and warranties of holder contained in this Section 5, which shall be binding upon the holder's successors and assigns.