Mandatory Exercise Notice definition

Mandatory Exercise Notice has the meaning set forth in Section 3.3(a).
Sample 1Sample 2Sample 3
Mandatory Exercise Notice means the notice delivered by the Company to the Warrantholder advising the Warrantholder that the closing sale price of the Company’s Common Stock, as reported by the Nasdaq National Market or other securities exchange on which the Company’s Common Stock is then listed, has been equal to or greater than the percentage of the Exercise Price (as adjusted for splits, reverse splits, stock dividends, share combinations and the like) set forth in Section 3(b) for twenty (20) consecutive trading days out of any 30 consecutive trading day period.
Sample 1
Mandatory Exercise Notice has the meaning set forth in Section 2.02(b) hereof.
Sample 1Sample 2

Examples of Mandatory Exercise Notice in a sentence

  • Any portion of this Warrant exercised by the Holder after the Mandatory Exercise Notice Date shall reduce the number of Warrant Shares for which this Warrant is required to be exercised on the Mandatory Exercise Date.

  • The Mandatory Exercise Notice shall specify a date, which shall not be less than 30 days from the date such Mandatory Exercise Notice is received by the Holder on which such Mandatory Exercise shall occur.

  • The Mandatory Exercise Notice shall state (I) the Trading Day on which the Mandatory Exercise shall occur, which shall be the second (2nd) Trading Day following the Mandatory Exercise Notice Date (the “Mandatory Exercise Date”) and (II) the aggregate number of Warrants which the Company has elected to be subject to such Mandatory Exercise from the Holder (the “Mandatory Exercise Amount”) pursuant to this Section 2.

  • For purposes of Section 2 hereof, “Mandatory Exercise Notice” shall be deemed to replace “Notice of Exercise” for all purposes thereunder as if the Holder delivered a Notice of Exercise to the Company on the Mandatory Exercise Notice Date, mutatis mutandis.

  • Nothing in this Section 2(b) shall prohibit exercise of the Warrant otherwise permitted pursuant to the terms of this Warrant during the pendency of any Mandatory Exercise Notice.

  • Subject to the conditions described below in this Section 2(f), the Mandatory Exercise Notice shall be irrevocable.

  • The Company may not deliver more than one Mandatory Exercise Notice during any thirty (30) Trading Day period.

  • Unless otherwise indicated by the Holder, all Warrants exercised by the Holder after the Mandatory Exercise Notice Date shall reduce the Mandatory Exercise Amount of this Warrant required to be exercised on the Mandatory Exercise Date.

  • The Company covenants and agrees that it will honor all Exercise Notices tendered from the time of delivery of the Mandatory Exercise Notice until the Mandatory Exercise has occurred.

  • If the Mandatory Exercise Bring-Down Conditions have not been satisfied at such time (and are not waived by the Holder), the Mandatory Exercise Notice will be null and void, ab initio.


More Definitions of Mandatory Exercise Notice

Mandatory Exercise Notice has the meaning set forth in Section 5(d)(iii).
Sample 1
Mandatory Exercise Notice has the meaning set forth in Section 9(a).
Sample 1
Mandatory Exercise Notice means the notice delivered by the Company to the Holder advising the Holder that the closing sale price of the Company’s Common Stock, as reported by the Nasdaq National Market or other securities exchange on which the Company’s Common Stock is then listed, has been equal to or greater than 300% of the Exercise Price (as adjusted for splits, reverse splits, stock dividends, share combinations and the like) for ten (10) consecutive trading days.
Sample 1

Related to Mandatory Exercise Notice

  • Exercise Notice has the meaning set forth in Section 3.2(1);

  • Put Notice has the meaning provided in Section 3.4.

  • Exercise Event shall have the meaning ascribed to such term in Section 2(c).

  • Redemption Notice means a notice in a form approved by the Company by which a holder of Public Shares is entitled to require the Company to redeem its Public Shares, subject to any conditions contained therein.

  • Automatic Exercise Applicable; and means that for each Expiration Date, a number of Warrants equal to the Daily Number of Warrants for such Expiration Date will be deemed to be automatically exercised at the Expiration Time on such Expiration Date.