Common use of Exercise and Vesting Clause in Contracts

Exercise and Vesting. Subject to adjustment as hereinafter provided, the rights represented by this Warrant are exercisable on and after the date hereof (the "Exercise Date") until the Expiration Date, at a price per share (the "Exercise Price") of the Common Stock issuable hereunder (hereinafter, "Warrant Shares") equal to $35.19. The Exercise Price shall be payable in cash or by certified or official bank check in immediately available funds as hereinafter provided or in accordance with Section 1.2 below. This Warrant is fully vested. Upon surrender of this Warrant with a duly executed Notice of Exercise in the form of Annex A hereto, together with payment, if applicable, of the Exercise Price for the Warrant Shares purchased, at the Company's principal executive offices presently located at 1515 Route 10, Parsippany, NJ 07050, xx xx xxxx xxxxx xxxxxxx xx xxx Xompany shall have advised the holder in writing (the "Designated Office"), the holder shall be entitled to receive a certificate or certificates for the Warrant Shares so purchased. The Company agrees that the Warrant Shares shall be deemed to have been issued to the holder as of the close of business on the date on which this Warrant shall have been surrendered together with the Notice of Exercise and payment, if applicable, for such Warrant Shares.

Appears in 1 contract

Samples: Common Stock and Warrant Purchase Agreement (Dialogic Corp)

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Exercise and Vesting. Subject to adjustment as hereinafter provided, the rights represented by this Warrant are exercisable on and after the date hereof (the "Exercise Date") Original Issue Date until the Expiration Date, at a price per share (the "Exercise PriceEXERCISE PRICE") of the Common Stock issuable hereunder (hereinafter, "Warrant SharesWARRANT SHARES") equal of $ 4.08, subject to $35.19adjustment as set forth in Section 3. The Exercise Price shall be payable in cash or cash, by certified or official bank check in immediately available funds or by wire transfer as hereinafter provided or in accordance with Section 1.2 below. This Warrant is fully vestedprovided. Upon surrender of this Warrant with a duly executed Notice of Exercise in the form of Annex A hereto, together with payment, if applicable, payment of the Exercise Price for the Warrant Shares purchased, at the Company's principal executive offices presently located at 1515 Route 10One USi Plaza, ParsippanyAnnapolis, NJ 07050MD 21401, xx xx xxxx xxxxx xxxxxxx xx xxx Xompany or at such other address as the Company shall have advised the holder in writing (the "Designated OfficeDESIGNATED OFFICE"), the holder shall be entitled to receive a certificate or certificates for the Warrant Shares so purchased. The Company agrees that the Warrant Shares shall be deemed to have been issued to the holder as of the close of business on the date on which this Warrant shall have been surrendered together with the Notice of Exercise and payment, if applicable, payment for such Warrant Shares.

Appears in 1 contract

Samples: Usinternetworking Inc

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Exercise and Vesting. Subject to adjustment as hereinafter provided, -------------------- the rights represented by this Warrant are exercisable on and after the date hereof Original Issue Date until the Expiration Date (the "Exercise Date") until the Expiration Date), at a price per share (the "Exercise Price") of the Common Stock issuable hereunder (hereinafter, "Warrant Shares") equal to TEN Dollars ($35.1910.00). The Exercise Price shall be payable in cash or cash, by certified or official bank check in immediately available funds as hereinafter provided or in accordance with Section 1.2 below. This Warrant is fully vested. Upon surrender of this Warrant with a duly executed Notice of Exercise in the form of Annex A hereto, together with payment, if applicable, of the ------- Exercise Price for the Warrant Shares purchased, at the Company's principal executive offices presently located at 1515 Route 10000 XXXXXXXX XXXX, ParsippanyXXXXXXXX, NJ 07050XXXXXXXXXXXXX 00000, xx xx xxxx xxxxx xxxxxxx xx xxx Xompany or at such other address as the Company shall have advised the holder in writing (the "Designated Office"), the holder shall be entitled to receive a certificate or certificates for the Warrant Shares so purchased. The Company agrees that the Warrant Shares shall be deemed to have been issued to the holder as of the close of business on the date on which this Warrant shall have been surrendered together with the Notice of Exercise and payment, if applicable, for such Warrant Shares.

Appears in 1 contract

Samples: Banyan Systems Inc

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