Cashless Exercise Date definition

Cashless Exercise Date means the date on which a Holder complies with the applicable requirements for cashless exercise as set forth in Sections 2(a) and 2(c); provided that, if such date is not a Trading Day or the Holder satisfies such requirements after 5:00 p.m. on a Trading Day, then the Cashless Exercise Date shall be (i) the immediately succeeding Trading Day, or (ii) if such date is the Termination Date, the immediately preceding Trading Day.
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Cashless Exercise Date means, with respect to any Warrant as to which the Corporation has elected a Cashless Exercise in accordance with Section 3.9, the date on which the Warrant Certificate representing such Warrant is duly surrendered for exercise along with a duly completed and executed Notice of Intent to Exercise, all in accordance with the terms hereof;
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Cashless Exercise Date means the first date on which all indebtedness for borrowed money, including outstanding principal and interest, have been repaid in full under the Oaktree Agreement, and the Oaktree Agreement is terminated.
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Examples of Cashless Exercise Date in a sentence

  • The Company shall issue to the Holder as of the Cashless Exercise Date a certificate for the Warrant Shares issuable upon the Cashless Exercise and, if applicable, a new warrant of like tenor evidencing the balance of the Warrant Shares remaining subject to this Warrant.

  • B = the Warrant Price (as adjusted through the Cashless Exercise Date) A Cashless Exercise may be effected by the Holder by the surrender of this Warrant as provided herein, together with a written statement specifying that the Holder thereby intends to effect a Cashless Exercise and indicating the number of Exchanged Warrant Shares which are covered by the Cashless Exercise.

  • Current market value shall have the meaning set forth herein, except that for purposes hereof, the date of exercise shall mean the Cashless Exercise Date.

  • The Cashless Exercise shall take place on the date specified in the Notice of Cashless Exercise or, if later, the date the Notice of Cashless Exercise is received by the Company (the "Cashless Exercise Date").

  • In case less than all Warrants represented hereby are exercised, a new Warrant of substantially like tenor shall be issued respecting the unexercised Warrants without cost to the Holder thereof within five Trading Days after the Automatic Cashless Exercise Date.

  • Until 6:30 p.m., New York time, on the Automatic Cashless Exercise Date, Warrants subject to such Notice of Cashless Exercise may be exercised in accordance with the provisions of Section 2(a).

  • The parties agree that the Cashless Exercise Date is January 29, 2002 and that the number of Warrant Shares issuable upon such Cashless Exercise is 55,267 based on the closing price of NCO Group, Inc.'s common stock of $21.60 per share as of such date, as reported by Nasdaq.

  • Such election by the Company shall be effected by sending to the Holder a Notice of Cashless Exercise (a "Notice of Cashless Exercise"), which shall set forth the volume and price in the Trading Market for each Trading Day during the applicable Measurement Period, the calculation of the VWAP for such period, the number of Warrants to be exercised and the date, not less than 30 calendar days thereafter, upon which such Warrants shall be exercised (the "Automatic Cashless Exercise Date").

  • After the Automatic Cashless Exercise Date and issuance of Warrant Shares to the Holder in accordance therewith, all rights of the Holder of this Warrant respecting all Warrants that the Company has elected to be exercised as set forth in the Notice of Cashless Exercise shall cease, and such Warrant shall not after the Automatic Cashless Exercise Date be exercisable respecting the Warrants subject to such Notice of Cashless Exercise.

  • Certificates for the shares issuable upon such Cashless Exercise and, if applicable, a new warrant of like tenor evidencing the balance of the shares remaining subject to such Warrant, shall be issued as of the Cashless Exercise Date and delivered to the Holder within seven (7) days following the Cashless Exercise Date.


More Definitions of Cashless Exercise Date

Cashless Exercise Date shall be deemed the Exercise Date under the Warrant.
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Cashless Exercise Date means the business day on which the Warrant Notice is received by the Company.
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Related to Cashless Exercise Date