Common use of Exercise by Payment Clause in Contracts

Exercise by Payment. To exercise this Warrant in whole or in part, the holder hereof shall deliver to the Company at its principal office in Orlando, Florida, (a) a written notice, in substantially the form of the Subscription Notice appearing at the end of this Warrant, of such holder's election to exercise this Warrant, which notice shall specify the number of Warrant Shares to be purchased, (b) a certified check drawn on, or official bank check, payable to the Company in an

Exercise by Payment. To exercise this Warrant in whole or in part, the holder hereof shall deliver to the Company at its principal office in Orlando, Florida, (a) a written notice, in substantially the form of the Subscription Notice appearing at the end of this Warrant, of such holder's election to exercise this Warrant, which notice shall specify the number of Warrant Shares to be purchased, (b) a certified check drawn on, or official bank check, payable to the Company in anan amount equal to the multiple of the Exercise Price (as adjusted) and the number of