Commitment Fee; Warrants Clause Samples

Commitment Fee; Warrants. Lender shall receive, in connection with the Closing warrants (such warrants, the “Commitment Fee Warrants”): (i) in the form of Exhibit B-1 attached hereto, to purchase shares of Common Stock, exercisable in the sole discretion of the holder thereof. Such Warrants shall entitle, but not obligate, the holder thereof to purchase 125,000 shares of Common Stock of Borrower at an exercise price of $.01 per share. (ii) in the form of Exhibit B-2 attached hereto, to purchase shares of Common Stock, exercisable in the sole discretion of the holder thereof. Such Warrants shall entitle, but not obligate, the holder thereof to purchase 62,500 shares of Common Stock of Borrower at an exercise price equal to 85% of the trailing ten-day average closing price of Common Stock of the Borrower on the date prior to the Closing Date.

Commitment Fee; Warrants. Borrower shall issue to Lender warrants (such warrants, the “Commitment Fee Warrants”) at the Closing in the form of Exhibit B attached hereto, to purchase shares of Common Stock, exercisable in the sole discretion of the holder thereof. Such Warrants shall entitle, but not obligate, the holder thereof to purchase one million five hundred fifty thousand (1,550,000) shares of Common Stock of Borrower at an exercise price of $.01 per share.

Commitment Fee; Warrants. (a) If there are Outstandings on the first Business Day that occurs six (6) months, twelve (12) months, eighteen (18) months, or twenty-four (24) months after the Closing Date, the Borrowers agree to pay to the Agent, for the pro rata benefit of the Lenders based on their Applicable Commitment Percentages, on the Term Loan Termination Date a commitment fee equal to the Commitment Fee Rate for each such date multiplied by the total amount of Outstandings on each such date. (b) The Borrowers agree to provide to the Lenders pursuant to the Warrant Agreement, based on their Applicable Commitment Percentages, exercisable stock warrants in form and substance satisfactory to the Agent and the Lenders (the "Warrants"), as follows: (i) On or before the fifth Business Day one year after the Closing Date (the "One-Year Anniversary"), Warrants granting the number of shares of common stock of M▇▇▇▇▇ equal to the product of (A) the aggregate outstanding principal balance of the Term Loans as of the One-Year Anniversary divided by the Total Commitment, times (B) 0.5% of the number of outstanding shares of common stock of M▇▇▇▇▇ as of the One-Year