Cancellation of Options and Warrants. Except as set forth on Section 3.5 of the Company Disclosure Letter, Options and Warrants representing at least 95% of the Shares issuable upon the exercise of all Options and Warrants outstanding as of the date hereof shall have been exercised, canceled in accordance with their terms, or the holders thereof shall have consented (unless such treatment is provided for in the applicable Option or Warrant) to their cancellation or an amendment thereto in respect of such holders' right to receive the excess of the Merger Consideration over the per share Adjusted Exercise Price of such Option or Warrant pursuant to this Agreement, and documentation evidencing same shall have been delivered to Purchaser.
Cancellation of Options and Warrants. The Purchaser will have received, prior to or at the Closing, copies of executed agreements providing for the cancellation, effective upon the Closing, of the options and warrants to acquire shares of Common Stock set forth on Exhibit C.
Cancellation of Options and Warrants. At the Effective Time, each option, warrant or other right to acquire or purchase shares of Brands Common Stock (the "Options") granted by Brands shall automatically, and without any action required by the holders thereof, be cancelled and terminated.
Cancellation of Options and Warrants. To the maximum extent permitted by applicable Law and Contracts binding on the Company, and subject to the Company’s obligation in the subsequent sentence, (i) no Options or Warrants, whether vested or unvested, shall be assumed by Parent or the Surviving Corporation in the Merger, (ii) immediately upon the Effective Time, each then outstanding Option and Warrant, whether vested or unvested, shall, by virtue of the Merger and without any action on the part of the holder thereof or any other Person, be cancelled for no consideration and shall no longer have any force or effect, and (iii) after the consummation of the Merger, (x) neither Parent nor the Surviving Corporation shall have any payment or other Liability to any Optionholder or Warrantholder, and (y) Optionholders and Warrantholders shall have no right to receive any payment nor any right to acquire any interest in Parent or the Surviving Corporation, in each case, under any Option or Warrant. To the extent required by any Contract binding upon the Company with respect to any Option or Warrant, the Company shall take all requisite action so that, at the Effective Time, each such Option and Warrant shall be, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company, the Optionholder or the Warrantholder (as the case may be), or any other Person, automatically be cancelled and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor, in a manner satisfactory to Parent.
Cancellation of Options and Warrants. The Company shall have delivered to the Investors evidence satisfactory to the Investors of cancellation of the warrants and options set forth in Exhibit 5.04.
Cancellation of Options and Warrants. Any outstanding options, warrants, convertible notes or other convertible securities, or other right to acquire shares of capital stock of the Company shall be extinguished and cancelled without conversion or exercise, and shall thereafter be void and of no further force and effect and shall not represent any right to acquire shares in the Surviving Corporation or Parent.
Cancellation of Options and Warrants. Holdco and the Sellers shall cause the TARGET to cancel all Warrants and Options as of Closing.
Cancellation of Options and Warrants. At the Closing, each option, warrant or other right to acquire or purchase shares of Guru common stock (the "Options") granted by Guru shall automatically, and without any action required by the holders thereof, be cancelled and terminated.
Cancellation of Options and Warrants. Except for Options and Warrants, entitling the holders thereof to purchase, in the aggregate, up to a maximum of 10,000 shares of Company Common Stock, the Company shall have obtained the written cancellation of all Options and Warrants from the holders thereof and shall have paid the Purchase Right Settlement Amount for each such Option and Warrant entitled to such payment as provided in Section 1.08 of this Agreement.
Cancellation of Options and Warrants. Each of the Employee Benefit Plans described in Section 5.8 and all outstanding Options and Warrants shall have been terminated and Parent shall have received documentation reasonably satisfactory to it to the foregoing effect.
