Common use of Conditional Exercise Clause in Contracts

Conditional Exercise. The Holder of this Warrant shall have the right to submit a notice of exercise of this Warrant conditional upon the acquisition of the Company. If such transaction upon which such exercise is conditioned is not consummated, such notice of exercise shall be deemed of no further force or effect. For the purposes hereof, the Fair Market Value for the purposes of Section B hereto shall be the value of the consideration payable or issuable to the holders of the Company's Common Stock.

Appears in 7 contracts

Samples: Recom Managed Systems Inc De/, Signalife, Inc., Recom Managed Systems Inc De/

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Conditional Exercise. The Holder of this Warrant shall have the right to submit a notice of exercise of this Warrant conditional upon the an acquisition of the Company. If such transaction upon which such exercise is conditioned is not consummated, such notice of exercise shall be deemed of no further force or effect. For the purposes hereof, the Fair Market Value for the purposes of Section B 1(b) hereto shall be the value of the consideration payable or issuable to the holders of the Company's Common Stock.

Appears in 4 contracts

Samples: Foothills Exploration, Inc., Key Link Assets Corp., Foothills Exploration, Inc.

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Conditional Exercise. The Holder of this Warrant shall have the right to submit a notice of exercise of this Warrant conditional upon the an acquisition of the Company. If such transaction upon which such exercise is conditioned is not consummated, such notice of exercise shall be deemed of no further force or effect. For the purposes hereof, the Fair Market Value for the purposes of Section B 1(b) hereto shall be the value of the consideration payable or issuable to the holders of the Company's Common Stock.

Appears in 3 contracts

Samples: Neuralstem, Inc., International Imaging Systems Inc, Recom Managed Systems Inc De/

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