Exercise and Expiration of Warrants Sample Clauses

Exercise and Expiration of Warrants. 8 3.1 Right to Acquire Warrant Shares Upon Exercise....................... 8 3.2 Exercise and Expiration of Warrants................................. 8 (a)
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Exercise and Expiration of Warrants. When validly issued and subject to the provisions of the Warrant Certificate and this Agreement, each Warrant Certificate will entitle the Holder thereof to acquire from the Company, subject to the terms hereof (including Exhibit A hereto), for each Warrant evidenced thereby, one Warrant Share at the Exercise Price, subject to the anti-dilution adjustments under this Agreement. The Exercise Price and the number of Warrant Shares to be received on exercise of the Warrants will be adjusted from time to time as required by paragraph 5 of this Agreement.
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Exercise and Expiration of Warrants. 8 3.1 RIGHT TO ACQUIRE WARRANT SHARES UPON EXERCISE....................8 3.2 EXERCISE AND EXPIRATION OF WARRANTS..............................8 (a) EXERCISE OF WARRANTS.......................................8 (b) EXPIRATION OF WARRANTS.....................................8 (c) METHOD OF EXERCISE.........................................8 (d) PARTIAL EXERCISE...........................................9 (e) ISSUANCE OF WARRANT SHARES.................................9 (f) TIME OF EXERCISE...........................................9 3.3
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Exercise and Expiration of Warrants. (a) The Warrants shall upon issuance not be exercisable and shall become immediately exercisable solely upon and to the extent of the exercise of Old Equity Warrants. To the extent that less than all of the Old Equity Warrants are exercised, than that fraction, the numerator of which is the number of shares of Common Stock for which the Old Equity Warrants are exercised and the denominator of which is product of the total number of shares of Common Stock into which one Old Equity Warrant is initially exercisable multiplied by the total number of Old Equity Warrants issued upon the closing of the Exchange Offer, of each Warrant shall become exercisable by the Holder of the Warrant. The Warrant Agent (or upon the failure of the Warrant Agent to take the following actions in accordance with this Section 2.3, the Company) shall within 5 business days after the exercise of any of the Old Equity Warrants, or, the Company shall in the case of a transaction or series of transactions in which (i) a merger, reorganization or consolidation in which a majority of the outstanding voting power of the surviving or consolidated corporation immediately following such event is held by persons or entities who were not stockholders of the Company immediately prior to such event, (ii) the sale of all or substantially all of the assets of the Company and its subsidiaries or (iii) the redemption or repurchase of shares representing a majority of the voting power of the outstanding shares of capital stock of (in each case, a "Change of Control"), not less than 10 nor more than 60 days prior to the consummation of such Change of Control, give written notice to the Holder(s) of the Warrants stating (1) that all or some portion of the Old Equity Warrants have been exercised by the holder(s) thereof or a Change of Control is to occur, (2) the date upon which the Warrants or a fraction thereof became or are expected to become exercisable or the date upon which the Change of Control is to occur, and (3) that number or fraction of Warrants that have or may become exercisable as a result of such exercise of Old Warrants or Change of Control (the "Old Equity Exercise Notice").
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Exercise and Expiration of Warrants 
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Related to Exercise and Expiration of Warrants

  • Expiration of Warrants Immediately after the Expiry Time, all rights under any Warrant in respect of which the right of acquisition provided for herein shall not have been exercised shall cease and terminate and each Warrant shall be void and of no further force or effect.

  • Expiration of Warrant This Warrant shall expire on the five (5) year anniversary of the Base Date (the “Expiration Date”).

  • Duration and Exercise of Warrants (a) This Warrant shall be exercisable by the registered Holder on any business day before 6:30 P.M., New York City time, at any time and from time to time on or after the date hereof to and including the Expiration Date. At 6:30 P.M., New York City time on the Expiration Date, the portion of this Warrant not exercised prior thereto shall be and become void and of no value. Prior to the Expiration Date, the Company may not call or otherwise redeem this Warrant without the prior written consent of the Holder.

  • Duration and Exercise of Warrant Subject to the terms and conditions set forth herein, the Warrant may be exercised, in whole or in part, by the Warrantholder by:

  • Terms and Exercise of Warrants A Warrant may be exercised, subject to the terms and conditions therein, upon surrender to the Company at the principal corporate trust office of the Warrant Agent, which is currently located at the address listed in Section 12 hereof. The Warrant Agent may assume that any Warrant presented for exercise is permitted to be so exercised under applicable law and shall have no liability for acting in reliance on such assumption. All Warrant Certificates surrendered upon exercise of Warrants shall be canceled by the Warrant Agent. Such canceled Warrant Certificates shall then be disposed of by the Warrant Agent in its customary manner. The Warrant Agent shall account promptly to the Company with respect to Warrants exercised and concurrently pay to the Company all monies received by the Warrant Agent for the purchase of the Warrant Shares through the exercise of such Warrants. The Warrant Agent shall keep copies of this Agreement and any notices given or received hereunder available for inspection by the holders with reasonable prior written notice during normal business hours at its corporate trust office, which is currently located at the address listed in Section 12 hereof.

  • Exercise by Surrender of Warrant In addition to the method of payment set forth in Section 3.1 and in lieu of any cash payment required thereunder, the Holders of the Warrants shall have the right at any time and from time to time to exercise the Warrants in full or in part by surrendering the Warrant Certificate in the manner specified in Section 3.1 in exchange for the number of Shares equal to the product of (x) the number of Shares as to which the Warrants are being exercised multiplied by (y) a fraction, the numerator of which is the Market Price (as defined in Section 3.3 below) of the Shares less the Exercise Price and the denominator of which is such Market Price. Solely for the purposes of this paragraph, Market Price shall be calculated either (i) on the date which the form of election attached hereto is deemed to have been sent to the Company pursuant to Section 13 hereof ("Notice Date") or (ii) as the average of the Market Prices for each of the five trading days preceding the Notice Date, whichever of (i) or (ii) is greater.

  • Duration of Warrants Each Warrant may be exercised in whole or in part at any time, as specified herein, on or after [the date thereof] [●] and at or before [●] p.m., [City] time, on [●] or such later date as the Company may designate by notice to the Warrant Agent and the holders of Warrant Certificates mailed to their addresses as set forth in the record books of the Warrant Agent (the “Expiration Date”). Each Warrant not exercised at or before [●] p.m., [City] time, on the Expiration Date shall become void, and all rights of the holder of the Warrant Certificate evidencing such Warrant under this Agreement shall cease.

  • Exercise and Duration of Warrants This Warrant shall be exercisable by the registered Holder at any time and from time to time on or after the Original Issue Date through and including the Expiration Date. At 6:30 p.m., New York City time on the Expiration Date, the portion of this Warrant not exercised prior thereto shall be and become void and of no value. The Company may not call or redeem any portion of this Warrant without the prior written consent of the affected Holder.

  • Effect of Exercise of Warrants (a) Upon surrender and payment as aforesaid the shares so subscribed for will be deemed to have been issued and such person or persons will be deemed to have become the Holder or Holders of record of such shares on the date of such surrender and payment, and such shares will be issued at the subscription price in effect on the date of such surrender and payment.

  • Warrant Price Duration and Exercise of Warrants Section 2.1 WARRANT PRICE.* During the period from ____________, ____ through and including ____________, ____, each Warrant shall entitle the Holder thereof, subject to the provisions of this Agreement, to purchase from the Company the principal amount of Warrant Debt Securities stated in the Warrant Certificate at the exercise price of % of the principal amount thereof [plus accrued amortization, if any, of the original issue discount of the Warrant Debt Securities] [plus accrued interest, if any, from the most recent date from which interest shall have been paid on the Warrant Debt Securities or, if no interest shall have been paid on the Warrant Debt Securities, from __________, ____]. [In each case, the original issue discount ($ for each $1,000 principal amount of Warrant Debt Securities) will be amortized at a % annual rate, computed on a[n] [semi-]annual basis [using a 360-day year consisting of twelve 30-day months].] Such exercise price of each Warrant is referred to in this Agreement as the "Exercise Price."

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