Payment of Put Exercise Price Sample Clauses

Payment of Put Exercise Price. Each exercise price for each of the Initial Put Rights and the Additional Put Rights shall be paid to Mediconsult by the Members exercising such put right (i) in cash or (ii) by the issuance to Mediconsult of a non-recourse promissory note, in a form satisfactory to Mediconsult, (x) secured by a duly perfected, first priority security interest in all shares of Common Stock issued by Mediconsult to such Member as payment for the Membership Interests so purchased upon the exercise of such put right (which may be in form of a pledge of such shares of Common Stock), (y) maturing on the second anniversary of the date of issuance of such note, with mandatory principal prepayments to be paid in cash to Mediconsult to the extent, and upon receipt, of proceeds from the sale of any shares of Common Stock securing such note, and (z) accruing interest on the unpaid principal balance of such note (and any accrued but unpaid interest) at the Applicable Federal Rate as determined in accordance with Section 1274(d) of the Code, payable in arrears on a semi-annual basis on the first day of January and July of each year.
Sample 1
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Related to Payment of Put Exercise Price

  • Payment of Exercise Price In the event that the holder has elected a Cash Exercise with respect to some or all of the Warrant Shares to be issued pursuant hereto, the holder shall pay the Aggregate Exercise Price in the sum of $___________________ to the Company in accordance with the terms of the Warrant.

  • Payment of Warrant Exercise Price The holder shall pay the Aggregate Exercise Price of $______________ to the Company in accordance with the terms of the Warrant.

  • Adjustment of Exercise Price (a) The Exercise Price and the number of shares deliverable upon the exercise of the Warrants will be subject to adjustment in the event and in the manner following:

  • Warrant Exercise Price f. Dates upon which Warrants may be exercised;

  • Adjustment to Exercise Price Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall promptly deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment and any resulting adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

  • Form of Exercise Price The Holder intends that payment of the Exercise Price shall be made as: ____________ a “Cash Exercise” with respect to _________________ Warrant Shares; and/or ____________ a “Cashless Exercise” with respect to _______________ Warrant Shares.

  • Minimum Adjustment of Exercise Price No adjustment of the Exercise Price shall be made in an amount of less than 1% of the Exercise Price in effect at the time such adjustment is otherwise required to be made, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which, together with any adjustments so carried forward, shall amount to not less than 1% of such Exercise Price.

  • Adjustment of Exercise Price and Number of Shares The number and kind of Shares purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:

  • Payment of Purchase Price Upon Exercise At the time of any exercise, the Exercise Price of the Shares as to which this Option is exercised shall be paid in cash to the Company, unless, in accordance with the provisions of Section 4.2(c) of the Plan, the Board shall permit or require payment of the purchase price in another manner set forth in the Plan.

  • Adjustments of Exercise Price and Number of Shares The Exercise Price and the number and kind of securities issuable upon exercise of each Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows:

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