Common use of Early Expiration Date Clause in Contracts

Early Expiration Date. So long as an effective registration statement exists with respect to the resale of the shares issuable on exercise of this Warrant, if the Closing Price for the Common Stock is more than the Target Price for each of twenty (20) consecutive Trading Days (the twentieth of such consecutive Trading Days, the "Target Trading Day"), then the Company will have the right to give the Holder a written notice (an "Early Expiration Date Notice") within five (5) Trading Days after the Target Trading Day. The Early Expiration Date Notice shall state that the Expiration Date shall be a date specified in such notice (the "Early Expiration Date"), which date shall not be earlier than sixty (60) days after the Target Trading Day.

Appears in 3 contracts

Samples: Ambient Corp /Ny, New Visual Corp, New Visual Corp

AutoNDA by SimpleDocs

Early Expiration Date. So long as an effective registration statement exists with respect to the resale of the shares issuable on exercise of this Warrant, if the Closing Price for the Common Stock is more than the Target Price for each of twenty (20) consecutive Trading Days (the twentieth of such consecutive Trading Days, the "Target Trading Day"), then the Company will have the right to give the Holder a written notice (an "Early Expiration Date Notice") within five (5) Trading Days after the Target Trading Day. The Early Expiration Date Notice shall state that the Expiration Date shall be a date specified in such notice (the "Early Expiration Date"), which date shall not be earlier than sixty thirty (6030) days after the Target Trading Day.

Appears in 1 contract

Samples: Ambient Corp /Ny

AutoNDA by SimpleDocs

Early Expiration Date. So long as an effective registration statement exists with respect to the resale of the shares issuable on exercise of this Warrant, if the Closing Price for the Common Stock is more than the Target Price for each of twenty ten (2010) consecutive Trading Days (the twentieth tenth of such consecutive Trading Days, the "Target Trading Day"), then the Company will have the right to give the Holder a written notice (an "Early Expiration Date Notice") within five ten (510) Trading Days after the Target Trading Day. The Early Expiration Date Notice shall state that the Expiration Date shall be a date specified in such notice (the "Early Expiration Date"), which date shall not be earlier than sixty thirty (6030) days after the Target Trading Day.

Appears in 1 contract

Samples: Cell Power Technologies Inc

Time is Money Join Law Insider Premium to draft better contracts faster.