Common use of EASY EXERCISE Clause in Contracts

EASY EXERCISE. In the event the Warrant Shares have been registered on a then effective registration statement, or if the Warrant Shares are otherwise not "restricted securities" under the Securities Act of 1933, as amended, or are otherwise lawfully permitted to be sold in an open market transaction, and if permitted by law and applicable regulations, the Holder may pay the exercise price through a commitment from the Holder and a broker-dealer that is a member of the National Association of Securities Dealers (a "NASD Dealer"), whereby the Holder irrevocably elects to exercise all or a portion of the Warrant and to sell in an orderly manner as soon as possible the Warrant Shares issuable pursuant to such exercise and to pay the Exercise Price Multiple. The Holder and the NASD Dealer shall irrevocably commit upon sale of such Warrant Shares to forward the Exercise Price Multiple directly to the Company. All proceeds of sales of the Warrant Shares shall be assigned to the Company to secure the obligation to pay the Exercise Price Multiple, and all such proceeds shall be remitted directly to the Company until such Exercise Price Multiple has been paid in full.

EASY EXERCISE. In the event the Warrant Shares have been registered -------------- on a then effective registration statement, or if the Warrant Shares are otherwise not "restricted securities" under the Securities Act of 1933, as amended, or are otherwise lawfully permitted to be sold in an open market transaction, and if permitted by law and applicable regulationsregulations (including Nasdaq and NASD rules), the Holder may pay the exercise price through a commitment from the Holder and a broker-dealer that is a member of the National Association of Securities Dealers (a "NASD Dealer"), whereby the Holder irrevocably elects to exercise all or a portion of the Warrant Warrants and to sell in an orderly manner as soon as possible the Warrant Shares issuable pursuant to such exercise and to pay the Exercise Price Multiple. The Holder and the NASD Dealer shall irrevocably commit upon sale of such Warrant Shares to forward the Exercise Price Multiple directly to the Company. All proceeds of sales of the Warrant Shares shall be assigned to the Company to secure the obligation to pay the Exercise Price Multiple, and all such proceeds shall be remitted directly to the Company until such Exercise Price Multiple has been paid in full.

EASY EXERCISE. In the event the Warrant Shares have been registered on ------------- a then effective registration statement, or if the Warrant Shares are otherwise not "restricted securities" under the Securities Act of 1933, as amended, or are otherwise lawfully permitted to be sold in an open market transaction, and if permitted by law and applicable regulationsregulations (including Nasdaq and NASD rules), the Holder may pay the exercise price through a commitment from the Holder and a broker-dealer that is a member of the National Association of Securities Dealers (a "NASD Dealer"), whereby the Holder irrevocably elects to exercise all or a portion of the Warrant Warrants and to sell in an orderly manner as soon as possible the Warrant Shares issuable pursuant to such exercise and to pay the Exercise Price Multiple. The Holder and the NASD Dealer shall irrevocably commit upon sale of such Warrant Shares to forward the Exercise Price Multiple directly to the Company. All proceeds of sales of the Warrant Shares shall be assigned to the Company to secure the obligation to pay the Exercise Price Multiple, and all such proceeds shall be remitted directly to the Company until such Exercise Price Multiple has been paid in full.

EASY EXERCISE. In the event the Warrant Shares have been registered on a then effective registration statement, or if the Warrant Shares are otherwise not "restricted securities" under the Securities Act of 1933, as amended, or are otherwise lawfully permitted to be sold in an open market transaction, and if permitted by law and applicable regulationsregulations (including Nasdaq and NASD rules), the Holder may pay the exercise price through a commitment from the Holder and a broker-dealer that is a member of the National Association of Securities Dealers (a "NASD Dealer"), whereby the Holder irrevocably elects to exercise all or a portion of the Warrant and to sell in an orderly manner as soon as possible the Warrant Shares issuable pursuant to such exercise and to pay the Exercise Price Multiple. The Holder and the NASD Dealer shall irrevocably commit upon sale of such Warrant Shares to forward the Exercise Price Multiple directly to the Company. All proceeds of sales of the Warrant Shares shall be assigned to the Company to secure the obligation to pay the Exercise Price Multiple, and all such proceeds shall be remitted directly to the Company until such Exercise Price Multiple has been paid in full.