Securities Exercise Sample Clauses
The Securities Exercise clause defines the process and conditions under which holders of certain securities, such as options or warrants, may exercise their rights to purchase or convert those securities into shares of the company. Typically, this clause outlines the method for providing notice of exercise, the timeframe within which the exercise must occur, and the payment terms or conversion ratios involved. By establishing clear procedures and requirements, the clause ensures that both the issuer and the security holder understand how and when the exercise can take place, thereby reducing the risk of disputes and facilitating smooth transactions.
Securities Exercise. By delivery to Aurora of any other securities issued by Aurora, with such securities being credited against the Exercise Price in an amount equal to the fair market value thereof;
Securities Exercise. By delivery to the Company of Series B Convertible Preferred Stock issued by the Company with such securities being credited against the Option Exercise Price in an amount equal to the fair market value thereof;
Securities Exercise. By delivery to the Company of any other securities issued by the Company, with such securities being credited against the Purchase Price in an amount equal to the Fair Market Value thereof;