EXERCISE BY CASH PAYMENT Clause Samples

EXERCISE BY CASH PAYMENT. After the Release Requirements set forth in the Option Agreement have been met, the Trustee shall be instructed by the Managing Director to (i) receive from the Participant the payment due under the Option Agreement or else, carry out all the necessary or convenient acts in order that Vista or the Subsidiary with which such Participant is related to deposit in the Cash Account the resources determined by the Managing Director to make such payment, if applicable, (ii) subscribe and pay the corresponding Shares subject to the Purchase Option or, if applicable, pay the acquisition price of such Shares; it being understood that (1) in the case of capital increases, the subscription price shall be determined by the Managing Director ; and (2) in the case of acquisitions of Shares, the acquisition price shall be that which complies with Governing Law; and in both cases, paid out of the Cash Account; in the understanding, in addition, that in the case of capital increases relating to Participants related to the Settlor, the same may be done through the cancellation of any account payable that Vista has with such Participant; (iii) receive the Shares subject to the Purchase Option in the Custody Account, which, as of such moment, shall be considered as Released Shares and (iv) subject to Section 3.2(g) deliver the corresponding Released Shares to the respective Participant or its Legitimate Successors, to the account at Indeval that such Participant or its Legitimate Successors have instructed in writing.

EXERCISE BY CASH PAYMENT. The Warrantholder shall have the right at anytime and from time to time to exercise this Warrant in full or in part by surrender of this Warrant to the Company accompanied by payment to the Company in cash or by certified or cashier's check or by wire transfer of funds of the aggregate Warrant Price for the number of shares in respect of which this Warrant is then exercised.

EXERCISE BY CASH PAYMENT. The Holder of this Warrant shall have the right at any time and from time to time during the period that this Warrant is exercisable to exercise this Warrant in full or in part by surrender of this Warrant to the Company accompanied by payment to the Company in cash or by certified or cashier's check or by wire transfer of funds of the aggregate Warrant Price for the number of shares in respect of which this Warrant is then exercised.