Common use of respectively Clause in Contracts

respectively. As consideration for this Warrant, the Holder named above agrees to forgive all outstanding indebtedness of the Company to such named Holder. The Holder expressly agrees and acknowledges that this Warrant shall not vest, and shall not be exercisable, in whole or in part, until such time as the stockholders of the Company approve an increase in the number of authorized shares of Common Stock of the Company and an amendment to the Company's Certificate of Incorporation is filed with the Secretary of State of the State of Delaware to effect such increase (such date, the "Vesting Date").