Common use of Duration and Exercise of Warrant Clause in Contracts

Duration and Exercise of Warrant. (a) This Warrant may be exercised to purchase (i) 20% of the underlying shares from and after 9:00 A.M. New York City time on February 25, 2001 (the "First Exercise Date"); (ii) 20% of the underlying shares on February 25, 2002 (the "Second Exercise Date"); (iii) 20% of the underlying shares on February 25, 2003 (the "Third Exercise Date"); (iv) 20% of the underlying shares on February 25, 2004 (the "Fourth Exercise Date"); and (v) 20% of the underlying shares on February 25, 2005 (the "Fifth Exercise Date") to and including 5:00 P.M. New York City time on February 25, 2010 (the "Expiration Date"). Each of the First Exercise Date, the Second Exercise Date, the Third Exercise Date, the Fourth Exercise Date and the Fifth Exercise Date are hereinafter referred to from time to time, as applicable, as the "Exercise Date" and collectively from time to time as the "Exercise Date."

Duration and Exercise of Warrant. (a) This Warrant may be exercised to purchase (i) 20% of the underlying shares from and after 9:00 A.M. New York City time on February 25March 16, 2001 (the "First Exercise Date"); (ii) 20% of the underlying shares on February 25March 16, 2002 (the "Second Exercise Date"); (iii) 20% of the underlying shares on February 25March 16, 2003 (the "Third Exercise Date"); (iv) 20% of the underlying shares on February 25March 16, 2004 (the "Fourth Exercise Date"); and (v) 20% of the underlying shares on February 25March 16, 2005 (the "Fifth Exercise Date") to and including 5:00 P.M. New York City time on February 25March 16, 2010 (the "Expiration Date"). Each of the First Exercise Date, the Second Exercise Date, the Third Exercise Date, the Fourth Exercise Date and the Fifth Exercise Date are hereinafter referred to from time to time, as applicable, as the "Exercise Date" and collectively from time to time as the "Exercise Date."