Exercisability of Warrant. Subject to the terms and conditions set forth herein, this Warrant is immediately exercisable. The Company shall not, prior to the Expiration Date, take any action which would have the effect of preventing or disabling the Company from delivering the Warrant Shares to the Warrantholder upon exercise of this Warrant or otherwise performing the Company's obligations under this Warrant.
Exercisability of Warrant. (a) The number of shares of Common Stock issuable pursuant to this Warrant are fully vested.
Exercisability of Warrant. This Warrant shall become immediately exercisable.
Exercisability of Warrant. This Warrant is not immediately exercisable, and will become exercisable with respect to that number of shares of Warrant Stock as follows:
Exercisability of Warrant. Subject to the terms and conditions set forth herein, this Warrant shall be exercisable during the term commencing on the date hereof and ending at 5:00 p.m., Pacific Standard Time, on , 2113 (the “Warrant Expiration Date”). At any time prior to the Warrant Expiration Date, this Warrant may be exercised in whole or in part, cumulatively as to that percentage of the Warrant Shares equal to the quotient obtained by dividing the largest unpaid principal balance outstanding under the Note on any date subsequent to the date set forth on page 8 below by $30,000,000; provided, however, that this Warrant shall become exercisable as to all of the remaining Warrant Shares (a) if prior to the first business day in March, 2005, the Company has not requested to borrow monies from Holder under the Note such that if Holder had acceded to such requests the largest unpaid principal balance under the Note from the date of the Note through the first business day in March, 2005, would be $30,000,000 or (b) if, prior to the first business day in March, 2005, either the Company conducts an initial public offering of its stock registered with the SEC or all or substantially all of the assets of the Company or more than eighty percent (80%) of the outstanding stock of the Company is sold, including via merger, to a person or entity other than Cypress or an affiliate of Cypress as the term affiliate is defined in SEC Rule 405.
Exercisability of Warrant. This Warrant shall become exercisable only if the Market Price (as defined below) per share of Common Stock, par value $0.01 per share, of the Company is at least $40.00 on at least twenty (20) out of thirty (30) consecutive days during which the national securities exchanges are open for trading.
Exercisability of Warrant. This Warrant shall entitle the Registered Owner to purchase, in whole at any time or in part from time to time, ten percent (10%) of the Shares after the expiration of two (2) years from the Grant Date, an additional forty percent (40%) of the Shares after the expiration of three (3) years from the Grant Date, and the balance of the Shares after the expiration of four (4) years
Exercisability of Warrant. (a) The number of shares of Common Stock issuable pursuant to this Warrant shall vest as follows:
Exercisability of Warrant. Subject to the terms and conditions set forth herein, the right to exercise this Warrant shall vest, and this Warrant shall become exercisable, as follows:
Exercisability of Warrant. The Warrant shall become exercisable on the following dates: Date Shares for Which the Warrant is Exercisable ---- ------------------------------------------- April 25, 2000 33,000 April 25, 2001 33,000 The exercisability of the Warrant is cumulative. In the event the Company shall at any time subdivide, combine or reclassify the outstanding shares of Common Stock, the number of Warrant Shares subject to this Warrant shall be adjusted accordingly and the exercise price shall forthwith be proportionately decreased in the case of a subdivision or increased in the case of a combination.
