Exercise by holders Sample Clauses
The 'Exercise by holders' clause defines the rights and procedures by which holders of certain securities, such as options or warrants, may exercise those rights to acquire underlying shares or benefits. Typically, this clause outlines the steps holders must follow, such as submitting a notice of exercise and payment of any required exercise price, and may specify timeframes or conditions under which exercise is permitted. Its core practical function is to provide a clear and standardized process for holders to realize the value of their securities, ensuring both parties understand how and when these rights can be exercised.
Exercise by holders. Each holder of Class B Shares shall be entitled to exercise its redemption right for 2 months from the first date of settlement of the offer causing the Redemption Event by notifying their decision to the Company. The Company shall ensure that the notification of exercise of the redemption right may be made through the systems of the Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A. (Iberclear).
Exercise by holders. The manner in which any of the rights of the --------------------- Shareholders, including the rights to elect, remove and replace directors, are to be exercised, shall be determined by the holders of a majority of the aggregate number of shares of Common Stock owned by the Holders.
Exercise by holders. Each Holder, acting severally, may elect, in its sole discretion, to exercise its respective Warrants, in whole or in part, at any time and from time to time during the Exercise Period for such Warrant set forth in Section 6.1, in the manner specified in Paragraph b. below.
Exercise by holders. Subject to Section 5 hereof, upon such surrender of Warrants and payment of the Warrant Price as aforesaid, the Company shall issue and cause to be delivered with all reasonable dispatch to or upon the written order of the Holder and in such name or names as the Holder may designate, a certificate or certificates for the number of full Shares so purchased upon the exercise of such Warrants, together with payment, as provided in subsection 10.1 hereof, in respect of any fractional Shares otherwise issuable upon such surrender. Such certificate or certificates shall be deemed to have been issued and any person so designated to be named therein shall be deemed to have become a holder of record of such Shares as of the date of the surrender of such Warrants and payment of the Warrant Price, as aforesaid; provided, however, that if, at the date of surrender of such Warrants and payment of such Warrant Price, the transfer books for the Shares shall be closed, the certificates for the Shares in respect of which such Warrants are then exercised shall be issuable as of the date on which such books shall next be opened (whether before or after the expiration date of the Warrant) and until such date the Company shall be under no duty to deliver any certificate for such Shares; provided further, however, that the transfer books of record, unless otherwise required by law or regulation, shall not be closed at any one time for a period longer than 20 days. The rights of purchase represented by the Warrants shall be exercisable, at the election of the Holders thereof, either in full or from time to time in part and, in the event that a certificate evidencing Warrants is exercised in respect of less than all of the Shares specified therein at any time prior to the date of expiration of the Warrants, a new certificate evidencing the remaining Warrant or Warrants will be issued, and the Warrant Agent is hereby irrevocably authorized to countersign and to deliver the required new Warrant certificates the same form as the original certificate or in such other form as may be approved by the Company and the Warrant Agent, pursuant to the provisions of this Section and of Section 2 hereof and the Company, whenever required by the Warrant Agent, will supply the Warrant Agent with Warrant certificates duly executed on behalf of the Company for such purposes.