Termination of the Warrant Clause Samples
The 'Termination of the Warrant' clause defines the conditions and timing under which a warrant—typically a right to purchase shares or securities—will expire or become void. This clause specifies the events that trigger termination, such as the passage of a set period, the occurrence of a merger or acquisition, or the exercise of the warrant in full. For example, it may state that the warrant will terminate five years from the issue date or immediately upon a change of control of the company. Its core practical function is to provide clear boundaries for the warrant holder's rights, ensuring both parties understand when those rights cease to exist and preventing indefinite obligations.
Termination of the Warrant. Unless previously exercised, this Warrant shall terminate on January 27, 2009.
Termination of the Warrant. This Warrant shall terminate upon the earlier to occur of (i) August 29, 2003 and (ii) the exercise in full.
Termination of the Warrant. Except as otherwise provided herein, this Agreement shall expire May 3rd 2010, three years from the date of grant (the “Warrant Period”).
Termination of the Warrant. This Warrant shall automatically terminate without exercise and shall be null and void on the earliest to occur of: (i) the Second Measurement Date, if the 2012 Gross Revenues of the Company equals or exceeds $31,150,000, or (ii) the occurrence of ten consecutive trading days after the First Measurement Date and prior to the Second Measurement Date, in which the closing trading price of the Common Stock is at least $1.75 per share, or (iii) upon the occurrence of a Qualified Change In Control.
Termination of the Warrant. Notwithstanding anything herein to be the contrary, this Warrant will expire and be of no further force and effect on April 15, 1999.
Termination of the Warrant. The Warrant shall terminate and may no longer be exercised after the first to occur of (a) the Warrant Expiration Date, (b) the last date for exercising this Warrant following termination of the Representative's Service as described in Section 7, or (c) a Change in Control (as defined in Section 8) to the extent provided in Section 8.
Termination of the Warrant. As of the date hereof, the Warrants held by Master Fund are hereby canceled and terminated and are null and void and of no further effect. The parties hereto agree that no provision of the Warrant shall survive termination and no party hereto shall hereafter have any liabilities, rights, duties or obligations to the other party under or in connection with such Warrant. This Agreement does not amend or terminate the Warrant Agreement, nor does it amend or terminate that certain Waiver of Certain Rights, dated as of February 2, 2022, between the Sponsor and the Company, other than to the extent they relate to the termination of the Warrants.
Termination of the Warrant. PDS and GE Capital agree that, on the Closing Date, upon receipt of the Repurchase Payment and the Sharing Agreement Payment as provided in Paragraphs 1-2 above, all rights and obligations arising under the Warrant are terminated.
Termination of the Warrant. Unless previously exercised, this Warrant shall terminate on January 27, 2003.
Termination of the Warrant. As of the date hereof, the warrant, dated August 2, 2021, issued to GHI to purchase 5.2% of the shares of the Company’s common stock, par value $0.01 per share, on a fully diluted basis (the “Warrant”), is hereby canceled and terminated and is null and void and of no further effect. The parties hereto agree that no provision of the Warrant shall survive termination and no party hereto shall hereafter have any liabilities, rights, duties or obligations to the other party under or in connection with such Warrant.