Call Conditions Clause Samples
The Call Conditions clause defines the specific requirements or circumstances that must be met before a party can exercise a contractual right to call, such as redeeming bonds or terminating an agreement early. Typically, this clause outlines procedural steps, notice periods, and any financial thresholds or events that trigger the call right. By clearly specifying these conditions, the clause ensures both parties understand when and how the call option can be invoked, thereby reducing uncertainty and potential disputes over the exercise of such rights.
Call Conditions. The Company may call for cancellation this Warrant if the volume weighted average price for the Common Stock on the Trading Market equals or exceeds $1.75 for either (i) ten (10) consecutive Trading Days or (ii) fifteen (15) out of twenty-five (25) consecutive Trading Days.
Call Conditions. Notwithstanding anything herein to the contrary, at any time after six (6) months from the date of issuance of this Warrant, the Company may call for cancellation this Warrant, subject to the limitations discussed in Section 5(b), if the VWAP equals or exceeds three times the Exercise Price for either (i) ten (10) consecutive Trading Days or (ii) fifteen (15) out of twenty-five (25) consecutive Trading Days.
Call Conditions. All of the Call Conditions shall have been satisfied, and the Company shall have provided the Call Notice to the Call Investors pursuant to Section 2.3(a) hereof;
Call Conditions. Subject to the provisions of this Section 2, if at any time following the Issue Date, the closing price of the Common Stock for each of the ten (10) consecutive trading days immediately prior to delivery of a Call Notice (as defined below) is greater than 200% of the closing price per share on the Issue Date (subject to equitable adjustment as a result of stock splits, reverse stock splits or other adjustments to capitalization occurring after the Issue Date), then the Company, in its sole discretion, may elect to require the exercise of all (but not less than all) of the then unexercised portion of this Warrant, on the date (the “Call Date”) that is the fifth (5th) calendar day after written notice thereof (a “Call Notice”) is received by the Holder. The Company covenants and agrees that it will honor all Exercise Notices tendered through 5:30 P.M., New York City time, on the Call Date. For purposes of clarification, the exercise of this Warrant on a Call Date pursuant to a Call Notice (or any other exercise hereunder) shall be done only by means of a cash exercise.
Call Conditions. 1. The CWMS staff member is to be on-call for a minimum of 1-week block and is to attend to pump stations alarms (effluent and stormwater) or urgent maintenance requirements after normal working hours during that period.
2. During an on-call period the staff member is to carry the mobile phone (supplied) at all times to enable a timely response to a callout. The staff member is to ensure the mobile phone is charged and switched on at all times.
3. Should the CWMS staff member be unable to attend a callout he/she is to advise the CWMS Team Leader immediately or make alternative arrangements for another staff member to attend the callout. Alexandrina Council AWU Agreement 2012
4. The CWMS staff member will be entitled to commuter use of the CWMS vehicle during on-call period.
5. It is intended that the on-call periods will be shared equally between the CWMS Team Leaders and CWMS Maintenance Officers.
6. The coordination of on call periods is to be the responsibility of the CWMS Team Leader.
7. The CWMS Team Leader will address any disputes arising from on-call periods in the first instance.
8. Alexandrina Council and CWMS employee reserve the right to terminate this arrangement with 1 month’s written notice should the arrangement prove unsatisfactory, without penalty.
9. During the on-call period the CWMS staff member is not to undertake any other paid form of employment.