Common use of Other Limitations on Exercise Clause in Contracts

Other Limitations on Exercise. The obligation of the Company to deliver shares of Common Stock upon the exercise hereof shall be subject to the condition that if at any time the Company's Board of Directors shall determine in its sole discretion that the listing, registration or qualification of the Option or the Exercisable Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition of, or in connection with, the grant of this Option or the issuance or purchase of stock hereunder, then this Option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board of Directors.

Appears in 10 contracts

Samples: Stock Option Agreement (ABC Funding, Inc), Stock Option Agreement (ABC Funding, Inc), Stock Option Agreement (Baseline Oil & Gas Corp.)

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Other Limitations on Exercise. The obligation of the Company to deliver shares of Common Stock common stock upon the exercise hereof shall be subject to the condition that if at any time the Company's Board of Directors shall determine in its sole discretion that the listing, registration or qualification of the Option or the Exercisable Optioned Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition of, or in connection with, the grant of this Option or the issuance or purchase of stock hereunder, then this Option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board of Directors.

Appears in 8 contracts

Samples: Stock Option Agreement (Stratex Oil & Gas Holdings, Inc.), Stock Option Agreement (Stratex Oil & Gas Holdings, Inc.), Stock Option Agreement (Stratex Oil & Gas Holdings, Inc.)

Other Limitations on Exercise. The obligation of the Company to deliver shares of Common Stock upon the exercise hereof shall be subject to the condition that if at any time the Company's Board of Directors shall determine in its sole discretion that the listing, registration or qualification of the Option or the Exercisable Optioned Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition of, or in connection with, the grant of this Option or the issuance or purchase of stock hereunder, then this Option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board of Directors.

Appears in 3 contracts

Samples: Stock Option Agreement (ABC Funding, Inc), Stock Option Agreement (ABC Funding, Inc), Stock Option Agreement (ABC Funding, Inc)

Other Limitations on Exercise. The obligation of the Company to deliver shares of Common Stock common stock upon the exercise hereof shall be subject to the condition that if at any time the Company's ’s Board of Directors shall determine in its sole discretion that the listing, registration or qualification of the Option or the Exercisable Optioned Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition of, or in connection with, the grant of this Option or the issuance or purchase of stock hereunder, then this Option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board of Directors.

Appears in 1 contract

Samples: Stock Option Agreement (Michael Lambert, Inc.)

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Other Limitations on Exercise. The obligation of the Company to deliver shares of Common Stock upon the exercise hereof shall be subject to the condition that if at any time the Company's ’s Board of Directors shall determine in its sole discretion that the listing, registration or qualification of the Option or the Exercisable Optioned Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition of, or in connection with, the grant of this Option or the issuance or purchase of stock hereunder, then this Option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board of Directors.

Appears in 1 contract

Samples: Stock Option Agreement (Baseline Oil & Gas Corp.)

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