Common use of Election Right Clause in Contracts

Election Right. If, at any time while any Warrants are outstanding, the Corporation's authorized capital stock shall include two or more classes or series of Common Stock, then each Warrantholder shall have the right, upon each exercise of any of such holder's Warrant(s), to elect to receive such number of shares of each such class or series as such holder desires, provided that the total number of shares of all classes and series selected by such holder shall not exceed the aggregate number of shares of Common Stock issuable upon exercise of such Warrants(s).

Election Right. If, at any time while any Warrants Series B Shares are outstanding, the Corporation's authorized capital stock shall include two or more classes or series of Common Stock, then each Warrantholder Holder shall have the right, upon each exercise conversion of any of such holderHolder's Warrant(sSeries B Share(s), to elect to receive such number of shares of each such class or series as such holder Holder desires, provided that the total number of shares of all classes and series selected by such holder Holder shall not exceed the aggregate number of shares of Common Stock issuable upon exercise conversion of such Warrants(sSeries B Share(s).

Election Right. If, at any time while any Warrants are -------------- outstanding, the Corporation's authorized capital stock shall include two or more classes or series of Common Stock, then each Warrantholder shall have the right, upon each exercise of any of such holder's Warrant(s), to elect to receive such number of shares of each such class or series as such holder desires, provided that the total number of shares of all classes and series selected by such holder shall not exceed the aggregate number of shares of Common Stock issuable upon exercise of such Warrants(s).

Election Right. If, at any time while any Warrants are -------------- outstanding, the Corporation's authorized capital stock shall include two or more classes or series of Common Stock, then each Warrantholder shall have the right, upon each exercise of any of such holder's his Warrant(s), to elect to receive such number of shares of each such class or series as such holder desires, provided that the total number of shares of all classes and series selected by such holder shall not exceed the aggregate number of shares of Common Stock issuable upon exercise of such Warrants(s).