Common use of Early Expiration Clause in Contracts

Early Expiration. If at any time after the Closing Date the Market Price for the Common Stock equals or exceeds 200% of the Market Price on the Closing Date for a period of thirty (30) consecutive Trading Days, then the Company may, by notice to the Holder (the “Acceleration Notice”), accelerate the Expiration Date of this Warrant to such date as shall be determined by the Company in its sole discretion and set forth in the Acceleration Notice (the “Early Expiration Date”), which Early Expiration Date shall be not less than sixty (60) days, nor more than ninety (90) days, after the date of the Acceleration Notice. From and after the date of the Acceleration Notice, the term “Expiration Date” wherever used in this Warrant shall mean and refer to the Early Expiration Date.

Appears in 4 contracts

Samples: Common Stock Purchase Warrant (Thermoenergy Corp), Common Stock Purchase Warrant (Thermoenergy Corp), Common Stock Purchase Warrant (Thermoenergy Corp)

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Early Expiration. If at any time after the Closing Date the Market Price for the Common Stock equals or exceeds 200300% of the Market Exercise Price on the Closing Date for a period of thirty (30) consecutive Trading Days, then the Company may, by notice to the Holder Holders of the Warrants (the “Acceleration Notice”), accelerate the Expiration Date of this Warrant all of the Warrants to such date as shall be determined by the Company in its sole discretion and set forth in the Acceleration Notice (the “Early Expiration Date”), which Early Expiration Date shall be not less than sixty (60) days, nor more than ninety (90) days, after the date of the Acceleration Notice. From and after the date of the Acceleration Notice, the term “Expiration Date”, wherever used in this Warrant Warrant, shall mean and refer to the Early Expiration Date.

Appears in 3 contracts

Samples: Common Stock Purchase Warrant (Thermoenergy Corp), Common Stock Purchase Warrant (Thermoenergy Corp), Common Stock Purchase Warrant (Thermoenergy Corp)

Early Expiration. If at any time after the Closing Issue Date the Market Price for the Common Stock equals or exceeds 200% of the Market Price on the Closing Issue Date for a period of thirty (30) consecutive Trading Days, then the Company may, by notice to the Holder (the “Acceleration Notice”), accelerate the Expiration Date of this Warrant to such date as shall be determined by the Company in its sole discretion and set forth in the Acceleration Notice (the “Early Expiration Date”), which Early Expiration Date shall be not less than sixty (60) days, nor more than ninety (90) days, after the date of the Acceleration Notice. From and after the date of the Acceleration Notice, the term “Expiration Date” wherever used in this Warrant shall mean and refer to the Early Expiration Date.

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Thermoenergy Corp), Common Stock Purchase Warrant (Thermoenergy Corp)

Early Expiration. If at any time after the Closing Date the Market Price for the Common Stock equals or exceeds 200125% of the Market Exercise Price on the Closing Date for a period of thirty (30) consecutive Trading Days, then the Company may, by notice to the Holder Holders of the Warrants (the “Acceleration Notice”), accelerate the Expiration Date of this Warrant all of the Warrants to such date as shall be determined by the Company in its sole discretion and set forth in the Acceleration Notice (the “Early Expiration Date”), which Early Expiration Date shall be not less than sixty (60) days, nor more than ninety (90) days, after the date of the Acceleration Notice. From and after the date of the Acceleration Notice, the term “Expiration Date”, wherever used in this Warrant Warrant, shall mean and refer to the Early Expiration Date.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Thermoenergy Corp)

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Early Expiration. If at any time after the second anniversary of the Closing Date the Market Price for the Common Stock equals or exceeds 200% of the Market Price on the Closing Date for a period of thirty (30) consecutive Trading Days, then the Company may, by notice to the Holder of this Warrant (the “Acceleration Notice”), accelerate the Expiration Date of this Warrant to such date as shall be determined by the Company in its sole discretion and set forth in the Acceleration Notice (the “Early Expiration Date”), which Early Expiration Date shall be not less than sixty (60) days, nor more than ninety (90) days, after the date of the Acceleration Notice. From and after the date of the Acceleration Notice, the term “Expiration Date”, wherever used in this Warrant Warrant, shall mean and refer to the Early Expiration Date.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Thermoenergy Corp)

Early Expiration. If at any time after the Closing Date the Market Price for the Common Stock equals or exceeds 200125% of the Market Warrant Price on the Closing Date for a period of thirty (30) consecutive Trading Days, then the Company may, by notice to the Holder holders of the Warrants (the “Acceleration Notice”), accelerate the Expiration Date of this Warrant all of the Warrants to such date as shall be determined by the Company in its sole discretion and set forth in the Acceleration Notice (the “Early Expiration Date”), which Early Expiration Date shall be not less than sixty (60) days, nor more than ninety (90) days, after the date of the Acceleration Notice. From and after the date of the Acceleration Notice, the term “Expiration Date”, wherever used in this Warrant shall mean and refer to the Early Expiration Date.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Thermoenergy Corp)

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