Exercise; Expiration Date. 2.1 Each Warrant is exercisable, at the option of the holder, at any time after issuance and on or before the Expiration Date. In the case of exercise of less than all the Warrants represented by a Warrant Certificate, the Company shall cancel the Warrant Certificate upon the surrender thereof and shall execute and deliver a new Warrant Certificate for the balance of such Warrants.
Exercise; Expiration Date. 2.1 The Warrants are exercisable, at the option of the Holder, at any time after issuance and on or before the Expiration Date, upon surrender of this Warrant Certificate to the Company together with a duly completed Notice of Exercise, in the form attached hereto as Exhibit A, and payment of an amount equal to the Purchase Price times the number of Warrants to be exercised. In the case of exercise of less than all the Warrants represented by this Warrant Certificate, the Company shall cancel the Warrant Certificate upon the surrender thereof and shall execute and deliver a new Warrant Certificate for the balance of such Warrants.
2.2 The Purchase Price shall be paid in cash or by bank or certified check or a combination thereof.
2.3 The term "Expiration Date" shall mean 5:00 p.m. New York time on the day which is five years after the Closing Date of the Agreement, or if such date shall in the State of New York be a holiday or a day on which banks are authorized to close, then 5:00 p.m. New York time the next following date which in the State of New York is not a holiday or a day on which banks are authorized to close.
Exercise; Expiration Date. Subject to the provisions of Section 2, this Warrant may be exercised in whole or in part at any time commencing on the date hereof and ending at 5:00 p.m., New York time, on December 31, 2004 (the "Expiration Date") and shall be void thereafter.
Exercise; Expiration Date. No Fractional Shares; Reservation of --------------------------------------------------------------- Shares ------
2.1. The Warrants are exercisable, at the option of the Holder, in whole or in part in accordance with the terms hereof and on or before the Expiration Date as hereinafter described, upon surrender of this Warrant Certificate to the Company together with a duly completed Notice of Exercise, in the form attached hereto as Exhibit A, and payment of the Purchase Price. In the case of exercise --------- of less than the entire Warrant represented by this Warrant Certificate, the Company shall cancel the Warrant Certificate upon the surrender thereof and shall execute and deliver a new Warrant Certificate for the balance of such Warrant. The Warrants shall be exercisable according to net revenues realized by the Company's IntraPharma subsidiary (including net revenues derived from PRI) for the three-year period commencing on the date hereof. In the event that such net revenues reach $3,000,000 within the three-year period, the Warrants will be 100% exercisable and pro rata for net revenues less than such amount. The cumulative net revenue of IntraPharma will be determined and the percent exercisability of these Warrants will be calculated every six months, starting with the date hereof. At any time, PRI may exercise all or a portion of the then-exercisable Warrants. Notwithstanding anything contained herein to the contrary, all of the Warrants shall immediately vest and become exercisable upon the sale of any shares of the Company owned by Xxxxxxx & Xxxxxxx Development Corporation or its permitted assigns as a result of and pursuant to Section 4.1(c) of the Amended and Restated Shareholders' Agreement of even date herewith by and among the Company and its shareholders.
Exercise; Expiration Date. This Warrant may be exercised from time to time by the Holder as to the whole or any lesser number of the Shares upon tender of this Warrant at the then executive office of the Company with a written notice signed by the Holder to the attention of the Company Secretary expressing the Holder’s intent to exercise the same together with payment to the Company of the Exercise Price of the Shares stated in the notice to be purchased. If this Warrant is exercised in respect of fewer than all of the Shares that may be purchased under this Warrant, the Company shall execute a new warrant in the form of this Warrant for the remaining Shares issuable under the original Warrant and deliver such new Warrant to the Holder. This Warrant and all rights hereunder will expire if not exercised by 5:00 p.m. prevailing local time in New York, New York on the date that is the earlier to occur of (i) October 15, 2013, and (ii) that date which is thirty (30) days after the giving of notice by the Company to the Holder that the Fair Market Value of one Share has exceeded 130% of the Exercise Price for ten (10) consecutive days (which 10-day period means, if the Shares are then listed or traded on an exchange or otherwise quoted, 10 consecutive days for which the Closing Bid Price is reported), and that the Warrant will therefore expire if not exercised prior to the Expiration Date.
Exercise; Expiration Date. The Warrants are exercisable, at the option of the Holder, in whole or in part at any time and from time to time on or after the date hereof and on or before 5:00 p.m. New York time on the third anniversary of the date hereof (the "Expiration Date"), upon surrender of this Warrant Certificate to the Company together with a 61 duly completed Notice of Exercise, in the form attached hereto as Exhibit A, and payment of an amount equal to the Purchase Price times the number of Warrants to be exercised. In the case of the exercise of less than all the Warrants represented by this Warrant Certificate, the Company shall cancel the Warrant Certificate upon the surrender thereof and shall execute and deliver a new Warrant Certificate for the balance of such Warrants.
Exercise; Expiration Date. Each outstanding Warrant may be exercised on any Business Day which is on or after the date hereof and on or before the Expiration Date, but only if the exercise of such Warrant satisfies the FCC Restrictions and is exempt from the registration requirements of the Securities Act. Any Warrants not exercised by 5:00 p.m., Los Angeles time, on the Expiration Date shall expire and all rights thereunder and all rights in respect thereof under this Agreement shall automatically terminate at such time.
Exercise; Expiration Date. 2.1 This Warrant is exercisable, at the option of the Holder, at any time after issuance and on or before the Expiration Date, upon surrender of this Warrant to the Company together with a duly completed Notice of Exercise, in the form attached hereto as Exhibit A, and payment of an amount equal to the Purchase Price times the number of shares of Common Stock to be purchased upon exercise. In the case of exercise of less than all the shares of Common Stock represented by this Warrant, the Company shall cancel this Warrant upon the surrender thereof and shall execute and deliver a new Warrant for the balance of such shares of Common Stock. Sky Capital LLC Warrant
2.2 In lieu of payment of the Purchase Price in cash, the Holder may elect to receive shares of Common Stock equal to the value (as determined below) of this Warrant by surrender of this Warrant together with the Notice of Exercise including notice of such election in which event the Company shall issue to the Holder a number of shares of Common Stock computed using the following formula: X = Y(A-B) A Where: X = the number of shares of Common Stock to be issued to the Holder Y = the number of shares of Common Stock purchasable under this Warrant A = the Fair Market Value (as defined below) of a share of Common Stock B = Purchase Price
Exercise; Expiration Date. 2.1 The Warrants are exercisable, at the option of the Holder, in whole or in part at any time and from time to time commencing on May 15, 1998 (the "Commencement Date") and until the Expiration Date, upon surrender of this Warrant Certificate to the Company together with a duly completed Notice of Exercise substantially in the form attached hereto as EXHIBIT 1 and the Investment Letter in the form attached hereto as EXHIBIT 2 and payment of the Purchase Price, at the election of the Holder, either (i) in cash or (ii) by receiving from the Company the number of Warrant Shares equal to (A) the number of Warrant Shares as to which this Warrant is being exercised, minus (ii) the number of Warrant Shares having an aggregate Fair Market Value as of the date the Notice of Exercise is delivered (the "Determination Date") equal to the aggregate Purchase Price for the number of Warrant Shares as to which this Warrant is being exercised. For purposes hereof, Fair Market Value means, as of the Determination Date, the value of the Common Stock determined as follows: (a) if the Common Stock is listed on any established stock exchange or a national market system, including without limitation the Nasdaq
Exercise; Expiration Date. This Warrant shall expire at the close of ------------------------- business on the third (3rd) anniversary of the Exercise Date, and shall be void thereafter.
