Right to Amend to Reflect Exercise of Certain Options Sample Clauses

Right to Amend to Reflect Exercise of Certain Options. (a) The parties hereto acknowledge that, pursuant to NYTB’s operating agreement and to the Condominium Declaration, from time to time Tenant may exercise certain rights to purchase specified space in the Improvements from FC or may otherwise acquire such space. (b) In the event that Tenant or any Control Affiliate thereof acquires space as described in Section 13.11(a) hereof, and notice of such acquisition is provided to Landlord describing in detail the space in the Improvements acquired by Tenant or any Control Affiliate thereof, the date such transfer will take place and any other information that Landlord may reasonably request regarding such transfer, (i) Landlord shall enter into (A) an amendment of this Lease with Tenant, effective as of the date of such transfer, altering the description of the Demised Premises accordingly and (B) an amendment of any other Severance Sublease with the tenant thereunder, the demise thereunder which is affected by such transfer, effective as of the date of such transfer, altering accordingly the description of the Demised Premises (as defined in such Severance Sublease) and the applicable Percentage Allocation, and (ii) Tenant shall provide to Landlord an Architect’s Certificate as described in Section 3.1(a)(i)(B)(2) hereof and a Tenant’s TSF Certificate, both reflecting any alteration in the number of Taxable Square Feet comprising the Demised Premises. (c) Tenant shall pay, upon Landlord’s demand, all of Landlord’s reasonable costs associated with Landlord’s review, negotiation and finalization of documentation in respect of any amendment of this Lease pursuant to this Section 13.11.
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Related to Right to Amend to Reflect Exercise of Certain Options

  • Initial Exercise Price; Exercise of Rights; Detachment of Rights (a) Subject to adjustment as herein set forth, each Right will entitle the holder thereof, from and after the Separation Time and prior to the Termination Time, to purchase one Common Share for the Exercise Price as at the Business Day immediately preceding the day of exercise of the Right (which Exercise Price and number of Common Shares are subject to adjustment as set forth below). Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall be void. (b) Until the Separation Time, (i) the Rights shall not be exercisable and no Right may be exercised; and (ii) each Right will be evidenced by the certificate for the associated Common Share registered in the name of the holder thereof (which certificate shall also be deemed to represent a Rights Certificate) and will be transferable only together with, and will be transferred by a transfer of, such associated Common Share. (c) From and after the Separation Time and prior to the Termination Time: (i) the Rights shall be exercisable; and (ii) the registration and transfer of Rights shall be separate from and independent of Common Shares. Promptly following the Separation Time, the Corporation will prepare or cause to be prepared and the Rights Agent will mail to each holder of record of Common Shares as of the Separation Time (other than an Acquiring Person, any other Person whose Rights are or become void pursuant to the provisions of Section 3.1(b) and, in respect of any Rights Beneficially owned by such Acquiring Person which are not held of record by such Acquiring Person, the holder of record of such Rights (a “Nominee”)) and, in respect of each Convertible Security converted into Common Shares after the Separation Time and prior to the Termination Time, promptly after such conversion, the Corporation will prepare or cause to be prepared and the Rights Agent will mail to the holder so converting (other than an Acquiring Person, any other Person whose Rights are or become void pursuant to the provisions of Section 3.1(b) and, in respect of any Rights Beneficially owned by such Acquiring Person which are not held of record by such Acquiring Person, the Nominee, at such holder’s address as shown by the records of the Corporation (the Corporation hereby agreeing to furnish copies of such records to the Rights Agent for this purpose):

  • Maximum Exercise of Rights In the event the exercise of the rights described in Sections 12(a) and 12(c) would result in the issuance of an amount of common stock of the Company that would exceed the maximum amount that may be issued to a Subscriber calculated in the manner described in Section 7.3 of this Agreement, then the issuance of such additional shares of common stock of the Company to such Subscriber will be deferred in whole or in part until such time as such Subscriber is able to beneficially own such common stock without exceeding the maximum amount set forth calculated in the manner described in Section 7.3 of this Agreement. The determination of when such common stock may be issued shall be made by each Subscriber as to only such Subscriber.

  • Termination of Certain Rights Any termination of this Lease pursuant to this Article 13 shall cause any right of the Lessee to extend the Term of this Lease, granted to the Lessee herein and any right of the Lessee to purchase the Leased Property contained in this Lease to be terminated and to be without further force or effect.

  • Waiver of Certain Rights Each Member irrevocably waives any right it may have to maintain any action for dissolution of the Company or for partition of the property of the Company.

  • Exercise of Right of First Refusal At any time within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to purchase all, but not less than all, of the Shares proposed to be transferred to any one or more of the Proposed Transferees, at the purchase price determined in accordance with subsection (c) below.