Common use of Exercise by Payment Clause in Contracts

Exercise by Payment. Subject to the terms of this Option, the ------------------- purchase rights represented by this Option may be exercised by the Holder hereof, in whole or in part (but not as to less than 1,000 Common Share multiples), at any time, and from time to time, during the period commencing on the Effective Date and terminating on the Expiration Date. An Option may be exercised by the Holder upon presentation of this Option, with the Purchase Form duly executed, at the Company's office (or such office or agency of the Company as it may designate in writing to the Holder hereof by notice pursuant to the terms hereof), specifying the number of Common Shares as to which the Option is being exercised, and upon payment by the Holder to the Company of the Option Price. Such payment shall be made by presentation of open unpaid invoices, by cash, certified check, bank draft or confirmed wire transfer, in an amount equal to the Option Price times the number of Common Shares then being purchased hereunder.

Exercise by Payment. Subject to the terms of this Option, the ------------------- purchase rights represented by this Option may be exercised by the Holder hereof, in whole or in part (but not as to less than 1,000 Common Share multiples), at any time, and from time to time, during the period commencing on the Effective Date and terminating on the Expiration Date. An Option may be exercised by the Holder upon presentation of this Option, with the Purchase Form duly executed, at the Company's office (or such office or agency of the Company as it may designate in writing to the Holder hereof by notice pursuant to the terms hereof), specifying the number of Common Shares as to which the Option is being exercised, and upon payment by the Holder to the Company of the Option Price. Such payment shall be made by presentation of open unpaid invoices, by cash, certified check, bank draft or confirmed wire transfer, in an amount equal to the Option Price times the number of Common Shares then being purchased hereunder.

Exercise by Payment. Subject to the terms of this Option, the ------------------- purchase rights represented by this Option may be exercised by the Holder hereof, in whole or in part (but not as to less than 1,000 Common Share multiples), at any time, and from time to time, during the period commencing on the Effective Date and terminating on the Expiration Date. An Option may be exercised by the Holder upon presentation of this Option, with the Purchase Form duly executed, at the Company's office (or such office or agency of the Company as it may designate in writing to the Holder hereof by notice pursuant to the terms hereof), specifying the number of Common Shares as to which the Option is being exercised, and upon payment by the Holder to the Company of the Option Price. Such payment shall be made by presentation of open unpaid invoices, invoices by cash, certified check, bank draft or confirmed wire transfer, in an amount equal to the Option Price times the number of Common Shares then being purchased hereunder.