Common use of Date of Issuance and Term Clause in Contracts

Date of Issuance and Term. This Warrant shall be deemed to be issued on April 10, 2001 ("Date of Issuance"). The term of this Warrant is five (5) years from the Date of Issuance. This Warrant is exercisable in whole or in part anytime during the Exercise Period. Notwithstanding anything to the contrary herein, the applicable portion of this Warrant shall not be exercisable during any time that, and only to the extent that, the number of shares of Common Stock to be issued to Holder upon such exercise, when added to the number of shares of Common Stock, if any, that the Holder otherwise beneficially owns at the time of such exercise, would equal or exceed 4.99% of the number of shares of Common Stock then outstanding, as determined in accordance with Section 13(d) of the Exchange Act (the "4.99% Limitation"). The 4.99% Limitation shall be conclusively satisfied if the applicable Exercise Notice includes a signed representation by the Holder that the issuance of the shares in such Exercise Notice will not violate the 4.99% Limitation, and the Company shall not be entitled to require additional documentation of such satisfaction.

Appears in 1 contract

Samples: Timebeat Com Enterprises Inc /

AutoNDA by SimpleDocs

Date of Issuance and Term. This Warrant shall be deemed to be issued on April 1024, 2001 ("Date of Issuance"). The term of this Warrant is five (5) years from the Date of Issuance. This Warrant shall be exercisable anytime after the Date of Issuance through the date that is exercisable in whole or in part anytime during five (5) years after the Exercise PeriodDate of Issuance. Notwithstanding anything to the contrary herein, the applicable portion of this Warrant shall not be exercisable during any time that, and only to the extent that, the number of shares of Common Stock to be issued to Holder upon such exercise, when added to the number of shares of Common Stock, if any, that the Holder otherwise beneficially owns at the time of such exercise, would equal or exceed 4.99% of the number of shares of Common Stock then outstanding, as determined in accordance with Section 13(d) of the Exchange Act (the "4.99% Limitation"). The 4.99% Limitation shall be conclusively satisfied if the applicable Exercise Notice includes a signed representation by the Holder that the issuance of the shares in such Exercise Notice will not violate the 4.99% Limitation, and the Company shall not be entitled to require additional documentation of such satisfaction.

Appears in 1 contract

Samples: Valesc Inc

Date of Issuance and Term. This Warrant shall be deemed to be issued on April 10February 6, 2001 ("Date of Issuance"). The term of this Warrant is from the Date of Issuance through the date that is five (5) years from after the Date date of Issuancea Merger. This Warrant is fully exercisable in whole or in part anytime during the Exercise Periodany time after a Merger has occurred. Notwithstanding anything to the contrary herein, the applicable portion of this Warrant shall not be exercisable during any time that, and only to the extent that, the number of shares of Common Stock to be issued to Holder upon such exercise, when added to the number of shares of Common Stock, if any, that the Holder otherwise beneficially owns at the time of such exercise, would equal or exceed 4.99% of the number of shares of Common Stock then outstanding, as determined in accordance with Section 13(d) of the Exchange Act (the "4.99% Limitation"). The 4.99% Limitation shall be conclusively satisfied if the applicable Exercise Notice includes a signed representation by the Holder that the issuance of the shares in such Exercise Notice will not violate the 4.99% Limitation, and the Company shall not be entitled to require additional documentation of such satisfaction.

Appears in 1 contract

Samples: Cachestream Corp

AutoNDA by SimpleDocs

Date of Issuance and Term. This Warrant shall be deemed to be issued on April 10May 21, 2001 2002 ("Date of Issuance"). The term of this Warrant is five (5) years from the Date of Issuance. This Warrant shall be exercisable anytime after the Date of Issuance through the date that is exercisable in whole or in part anytime during five (5) years after the Exercise PeriodDate of Issuance. Notwithstanding anything to the contrary herein, the applicable portion of this Warrant shall not be exercisable during any time that, and only to the extent that, the number of shares of Common Stock to be issued to Holder upon such exercise, when added to the number of shares of Common Stock, if any, that the Holder otherwise beneficially owns at the time of such exercise, would equal or exceed 4.99% of the number of shares of Common Stock then outstanding, as determined in accordance with Section 13(d) of the Exchange Act (the "4.99% Limitation"). The 4.99% Limitation shall be conclusively satisfied if the applicable Exercise Notice includes a signed representation by the Holder that the issuance of the shares in such Exercise Notice will not violate the 4.99% Limitation, and the Company shall not be entitled to require additional documentation of such satisfaction.

Appears in 1 contract

Samples: Valesc Inc

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