Accelerated Expiration of Warrants Sample Clauses

Accelerated Expiration of Warrants. Notwithstanding anything in this Warrant to the contrary, this Warrant and the terms and provisions hereunder shall immediately expire without further action by the Company or the Holder (a) upon the closing of an underwritten public offering pursuant to an effective registration statement on Form S-1 or successor form under the Securities Act covering the offering and sale of Common Stock for the account of the Company at a per share price of at least $18.00 (as currently configured) in which the aggregate proceeds (net of offering expenses and underwriters' discounts or commissions) received by the Company equals or exceeds $10,000,000 (an "Initial Public Offering") (provided that the Company shall have given notice of the initial filing of such registration statement promptly after the date of such filing); or (b) on the day prior to the effective date of any Extraordinary Transaction.
Sample 1Sample 2
AutoNDA by SimpleDocs
Accelerated Expiration of Warrants. Notwithstanding anything to the contrary contained herein, in the event that the Common Shares trade at a closing market price on the Exchange, or any other recognized stock exchange, of greater than $2.10 per share for a period of twenty (20) consecutive trading days at any time, the Corporation may accelerate the Expiry Date with respect to the Warrants by giving notice to the holders and in such case the Warrants will expire on the thirtieth (30) day after the date on which such notice is given by the Corporation.
Sample 1
Accelerated Expiration of Warrants. Notwithstanding anything in this Warrant to the contrary, this Warrant and the terms and provisions hereunder shall immediately expire without further action by the Company or the Holder (a) 10 business days after notice provided by the Company to the Holder, which notice may be provided at any time after the date of the closing of an underwritten public offering pursuant to an effective registration statement on Form S-1 or successor form under the Securities Act covering the offering and sale of Common Stock for the account of the Company (an "Initial Public Offering"), and which notice shall specify that the closing price for the Common Stock on the exchange on which it is traded or on NASDAQ, as applicable, has exceeded for 20 consecutive trading days 150% of its per share price as specified on the cover of the final prospectus for the Initial Public Offering (giving effect, in such calculation, to any stock dividends, stock splits or other recapitalization or similar events occurring from and after the closing date of the Initial Public Offering); or (b) on the day prior to the effective date of any Extraordinary Transaction.
Sample 1

Related to Accelerated Expiration of Warrants

  • Expiration of Warrants Immediately after the Expiry Time, all rights under any Warrant in respect of which the right of acquisition provided for herein shall not have been exercised shall cease and terminate and each Warrant shall be void and of no further force or effect.

  • Term; Exercise Upon Expiration This warrant is exercisable in whole or in part, at any time and from time to time on or before the Expiration Date set forth above; provided, however, that if the Company completes its initial public offering within the three-year period immediately prior to the Expiration Date, the Expiration Date shall automatically be extended until the third anniversary of the effective date of the Company’s initial public offering. If this warrant has not been exercised prior to the Expiration Date, this warrant shall be deemed to have been automatically exercised on the Expiration Date by “cashless” conversion pursuant to Section 1.2.

  • Expiration of Warrant This Warrant shall expire on the five (5) year anniversary of the Base Date (the “Expiration Date”).

  • Term Automatic Cashless Exercise Upon Expiration 5.1.1 This Warrant is exercisable in whole or in part, at any time and from time to time on or before the Expiration Date set forth above; provided, however, that if the Company completes its initial public offering within the 270-day period immediately prior to the Expiration Date, the Expiration Date shall automatically be extended until 270 days after the effective date of the Company’s initial public offering.

  • Automatic Cashless Exercise upon Expiration In the event that, upon the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised, and the Company shall, within a reasonable time, deliver a certificate representing the Shares (or such other securities) issued upon such exercise to Holder.

  • Exercise Prior to Expiration To the extent this Warrant is not previously exercised as to all of the Shares subject hereto, and if the fair market value of one share of the Series Preferred is greater than the Warrant Price then in effect, this Warrant shall be deemed automatically exercised pursuant to Section 10.2 above (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Series Preferred upon such expiration shall be determined pursuant to Section 10.2(c). To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 10.3, the Company agrees to promptly notify the holder hereof of the number of Shares, if any, the holder hereof is to receive by reason of such automatic exercise.

  • Automatic Conversion upon Expiration In the event that, upon the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be converted pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised or converted, and the Company shall promptly deliver a certificate representing the Shares (or such other securities) issued upon such conversion to Holder.

  • Termination Upon Expiration Date The Trust shall automatically terminate on December 31, 20__ (the "Expiration Date") or earlier pursuant to Section 9.02.

  • Contract Expiration The contract shall expire 120 days after the final services have been rendered.

  • Exercise of Rights; Exercise Price; Expiration Date of Rights (a) Subject to Sections 7(e), 23(b) and 24(b) hereof, the registered holder of any Rights Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein) in whole or in part at any time after the Distribution Date and prior to the Close of Business on the Expiration Date by surrender of the Rights Certificate, with the form of election to purchase on the reverse side thereof duly executed, to the Rights Agent at the office of the Rights Agent designated for such purpose, together with payment of the Exercise Price for each one-thousandth of a Preferred Share (or, following a Triggering Event, other securities, cash or other assets as the case may be) as to which the Rights are exercised.

Time is Money Join Law Insider Premium to draft better contracts faster.