Partial Reset Sample Clauses
A Partial Reset clause allows for the adjustment or recalculation of certain terms or values within a contract without affecting the entire agreement. Typically, this clause is used in financial contracts, such as derivatives, where specific parameters like interest rates, payment amounts, or reference indices may be periodically updated or reset according to predefined conditions. By enabling only part of the contract to be reset, this clause provides flexibility to adapt to changing market conditions while maintaining the overall structure of the agreement, thereby managing risk and ensuring the contract remains relevant and fair over time.
Partial Reset. If less than all of the Registrable Securities have been registered pursuant to clause (i) of the definition of Reset Date and a Holder has deemed the condition satisfied as to such Registrable Securities, then the Reset Date shall apply only to such portion of the Registrable Securities, and the Company’s obligations will continue to apply with regard to the Registrable Securities for which the definition of Reset Date has not been not satisfied.
Partial Reset. If a portion of the Warrant Shares (but not all of the Warrant Shares) have been registered for resale in the manner prescribed in clause (i) of the definition of Reset Date, then the Holder, in such Holder’s sole discretion, may deem the conditions for a Reset satisfied with respect to such Warrants that have been registered for resale such that the terms of Section 3(f)(i) and (f)(ii) shall apply to such Warrants. For the avoidance of doubt, the Company’s obligations will continue to apply with regard to the Warrants which have not been registered for resale.