Initial Exercise Date Clause Samples
The Initial Exercise Date clause defines the specific date on which a party first becomes entitled to exercise a particular right, such as an option or warrant, under an agreement. In practice, this clause sets a clear starting point for when the holder can take certain actions, like purchasing shares or triggering a contractual provision. By establishing this date, the clause ensures both parties are aware of when rights become actionable, thereby preventing disputes and providing certainty regarding the timing of contractual obligations.
Initial Exercise Date. Outstanding vested Options may not be exercised earlier than the first anniversary of the Date of Grant of the Options (the “Initial Exercise Date”); provided that the condition set forth in this Paragraph 9(b) shall be waived if your employment with the Company is terminated by reason of death, Disability or Retirement as provided in Paragraph 4(b) or 7(a).
Initial Exercise Date. The first paragraph of the Warrant beginning with “THIS PRE-FUNDED COMMON STOCK PURCHASE WARRANT” is hereby amended by deleting the phrase: “at any time on or after the Shareholder Approval Date (as defined below) (the “Initial Exercise Date”)” and replacing it with the following: “at anytime on or after the Amendment Effective Date (the “Initial Exercise Date”)”
Initial Exercise Date. Beginning at 9:00 A.M., New York time, on the date hereof and until the Expiration Date, inclusive, the Warrant Holder shall have the option to purchase Common Stock hereunder at the Exercise Price, subject to adjustment as provided in paragraph 7 hereof.
Initial Exercise Date. The “Initial Exercise Date” of the Warrants shall be amended to mean the effective date (the “Amendment Effectiveness Date”) of the upcoming amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of Common Stock.
Initial Exercise Date. This Warrant was issued pursuant to a Loan Agreement among the Company and three Subscribers, pursuant to which the Company issued a 2024 Secured Note and a Warrant to each of the Subscribers. This Warrant will become exercisable on December 2, 2024 (the “Initial Exercise Date”) and for five years thereafter if but only if (i) the 2024 Secured Note issued to the Holder remains unsatisfied at the close of business on November 29, 2024 and (ii) the Subscriber to whom this Warrant was initially issued remains the Payee of that 2024 Secured Note. If either of the aforesaid conditions are not satisfied, then the rights of the Holder of this Warrant as such shall terminate at the close of business on November 29, 2024.