Completion of Exchange Sample Clauses

Completion of Exchange. If Odyssey delivers an Acceptance Notice to a Member in accordance with Section 2.02(b), as soon as practicable thereafter (and in no event more than five (5) Trading Days thereafter) Odyssey shall deliver, or cause to be delivered to such Member, a number of shares of Odyssey Common Stock equal to the product of (i) the number of OML Units such Member desires to exchange, as set forth in the Exchange Exercise Notice, multiplied by (ii) a fraction, the numerator of which is the OML Per Unit Value and the denominator of which is the Odyssey Per Share Value, in each case determined as of the date of the Exchange Exercise Notice. Upon any exchange of OML Units for shares of Odyssey Common Stock pursuant to this Article 2, in lieu of any fractional shares to which such Member would otherwise be entitled, the number of shares of Odyssey Common Stock issuable to such Member shall be rounded up to the next whole share.
Sample 1
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Completion of Exchange. Unless otherwise directed by the Company or a Purchaser, Escrow Agent will continue to hold the Series A Certificates pending exchange of the remaining Series A Shares for Series B Shares. Within one business day of the closing of the Varian Sale, the Company shall deliver to Escrow Agent certificates representing the Series B Shares to be held in escrow pending the completion of the Exchange. The exchange of the Non-Redeemed Series A Shares for the newly issued Series B Shares shall be deemed completed concurrently with the declaration of effectiveness of the Post-Effective Amendment (as defined below) with the Securities and Exchange Commission (the "SEC") without further action on the part of any party and Escrow Agent is authorized to deliver the applicable certificates representing the Series B Shares to each Purchaser and to cancel each Series A Certificate immediately after the Post-Effective Amendment is declared effective; PROVIDED, HOWEVER, that if the SEC objects to the conditioning of the Exchange upon the effectiveness of the Post-Effective Amendment, then the Company shall amend the Post-Effective Amendment filing to provide that the Exchange shall take place upon the filing of such amended Post-Effective Amendment and the Exchange shall be deemed completed immediately prior to the filing of such Amended Post-Effective Amendment and Escrow Agent will be authorized to deliver the applicable certificates representing the Series B Shares to each Purchaser and to cancel each Series A Certificate immediately after such filing.
Sample 1
Completion of Exchange 
Sample 1

Related to Completion of Exchange

  • Optional Exchange (a) The terms and conditions, if any, of an Optional Exchange will be specified in the related Supplement; provided, however, that any right of Optional Exchange shall be exercisable only to the extent that the Depositor provides upon the Trustee's request an Opinion of Counsel that (i) such exchange would not be inconsistent with continued satisfaction of the applicable requirements for exemption under Rule 3a-7 (or other applicable rule or exemption) under the Investment Company Act of 1940, as amended, and all applicable rules, regulations and interpretations thereunder and (ii) such exchange would not affect the characterization of the Trust as a "grantor trust" under the Code. The terms of an Optional Exchange may include, but are not limited to, the following:

  • INTEGRATION OF EXHIBITS All Exhibits attached to this Agreement are integral parts of this Agreement as if fully set forth herein, and all statements appearing therein shall be deemed disclosed for all purposes and not only in connection with the specific representation in which they are explicitly referenced.

  • Completion of Due Diligence The Purchaser shall have completed all necessary due diligence investigations to its satisfaction.

  • Confirmation of Scope The parties confirm that the Asset Representations Reviewer is not responsible for determining whether noncompliance with the representations or warranties constitutes a breach of the Basic Documents.

  • Time of Exercise The purchase rights represented by this Warrant may be exercised in whole or in part during the Term.

  • Confirmation of Grant The Company hereby evidences and confirms, effective as of the date hereof, its grant to the Associate of Options to purchase the number of shares of Company Common Stock specified on the signature page hereof. The Options are not intended to be Incentive Stock Options. This Agreement is entered into pursuant to, and the terms of the Options are subject to, the terms of the Plan. If there is any inconsistency between this Agreement and the terms of the Plan, the terms of the Plan shall govern.

  • Capital Improvements and Expansion Subject to Section 3.5(b), any site or Premises renovation, expansion or reduction plans and/or capital equipment expenditures with respect to the Practice shall be reviewed and approved by the Joint Planning Board and shall be based upon economic feasibility, productivity and then current market conditions in light of both the particular project and the Group as a whole.

  • Delay of the Substantial Completion of the Premises Except as provided in this Section 5.2, the Lease Commencement Date shall occur as set forth in the Lease and Section 5.1, above. If there shall be a delay or there are delays in the Substantial Completion of the Premises or in the occurrence of any of the other conditions precedent to the Lease Commencement Date, as set forth in the Lease, as a direct, indirect, partial, or total result of:

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