When Exercise Deemed Effected Clause Samples

When Exercise Deemed Effected. Each exercise of Warrants pursuant to this Agreement shall be deemed to have been effected immediately upon surrender of such Warrants to the Company as provided in Section 2.2, and at such time, the person or persons in whose name or names any certificate or certificates for shares of Common Stock shall be issuable upon such exercise as provided in Section 2.5 shall be deemed to have become the holder of record thereof.

When Exercise Deemed Effected. Each exercise of this Warrant shall be deemed to have been effected immediately prior to the close of Normal Business Hours on the Business Day during the Exercise Period on which this Warrant shall have been surrendered to the Company (or, if such exercise shall be in connection with an underwritten Public Offering of shares of Common Stock (or Other Securities) issuable upon the exercise of this Warrant, at such time as the holder hereof and the Company may agree to permit the holder hereof to participate in such Public Offering) as provided in section 1.1, and at such time the person or persons in whose name or names any certificate or certificates for shares of Common Stock (or Other Securities) shall be issuable upon such exercise as provided in section 1.3 shall be deemed to have become the holder or holders of record thereof.

When Exercise Deemed Effected. Subject to Sections 1.1, 5.2(c), 8 and 9.2, the exercise of the Warrant with respect to any Holder Sale Transaction shall be deemed to have been effected immediately prior to the consummation of such Holder Sale Transaction and only to the extent of the Warrant Shares being sold pursuant to such Holder Sale Transaction, subject to surrender of the Warrant to the Company with a duly executed Subscription Notice accompanied by payment of the Exercise Price as provided in Section 1.2, and at such time the person or persons in whose name or names any certificate or certificates for shares of Common Stock (or Other Securities) shall be issuable upon such exercise as provided in Section 1.4 shall be deemed to have become the holder or holders of record thereof.

When Exercise Deemed Effected. Each exercise of the Exchange Warrant shall be deemed to have been effected immediately prior to the close of business on the later to occur of (a) the second Business Day after the Registration Statement under which the securities to be issued in connection with such exchange is declared effective by the Commission, and (b)the twentieth Business Day following the last day of the Exercise Period during which the Exchange Warrant was surrendered to the Company as provided in Section 1.1 (provided, in each case, that the Class A Common Stock, IDS Notes and the IDSs into which they may be combined, to the extent required hereby, will then be covered by an effective Registration Statement and that no Suspension Period will then be in effect). At such time as such exchange is deemed to have been effected, the Person or Persons in whose name or names the shares of Class A Common Stock and IDS Notes shall be issuable, and/or the IDSs into which they are combined, shall be deemed to have become the holder or holders of record thereof.

When Exercise Deemed Effected. Each exercise of the Exchange Warrant shall be deemed to have been effected immediately prior to the close of business on the tenth Business Day following the last day of the Exercise Period with respect to which the Exchange Warrant shall have been surrendered to the Company as provided in Section 1.1 (provided that the Common Stock, IDS Notes and the IDSs into which they may be combined, to the extent required hereby, will then be covered by an effective Registration Statement and that no Suspension Period will then be in effect), and at such time the person or persons in whose name or names the shares of Common Stock and IDS Notes shall be issuable, and/or the IDSs into which they are combined, shall be deemed to have become the holder or holders of record thereof.