15Exercise Procedures Sample Clauses
The 'Exercise Procedures' clause outlines the specific steps and requirements that a party must follow to exercise a right or option granted under the agreement. This may include providing written notice within a certain timeframe, submitting required documentation, or fulfilling any preconditions specified in the contract. By clearly defining the process for exercising contractual rights, this clause ensures that both parties understand their obligations and helps prevent disputes or misunderstandings regarding the proper execution of those rights.
15Exercise Procedures. The form of Notice of Exercise included in the Warrants set forth the totality of the procedures required of the Purchasers in order to exercise the Warrants. No additional legal opinion, other information or instructions shall be required of the Purchasers to exercise their Warrants. Without limiting the preceding sentences, no ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise form be required in order to exercise the Warrants. The Company shall honor exercises of the Warrants and shall deliver Warrant Shares in accordance with the terms, conditions and time periods set forth in the Transaction Documents.