Common use of Exercise for Cash Clause in Contracts

Exercise for Cash. This Warrant may be exercised, in whole at any time or in part from time to time, prior to the Expiration Date, by the Holder by the facsimile delivery of the exercise notice, as attached hereto, on the date of the exercise and by surrender of this Warrant within three (3) business days from the exercise day at the address set forth hereof, together with proper payment of the aggregate Exercise Price payable hereunder for the Warrant Shares (“Aggregate Warrant Price”), or the proportionate part thereof if this Warrant is exercised in part. Payment for the Warrant Shares shall be made by wire, or check payable to the order of the Company. If this Warrant is exercised in part, this Warrant must be exercised for a number of whole shares of the Common Stock, and the Holder is entitled to receive a new Warrant covering the Warrant Shares which have not been exercised and setting forth the proportionate part of the Aggregate Warrant Price applicable to such Warrant Shares. Upon such surrender of this Warrant, the Company will (a) issue a certificate or certificates in the name of the Holder for the largest number of whole shares of the Common Stock to which the Holder shall be entitled and (b) deliver the other securities and properties receivable upon the exercise of this Warrant, or the proportionate part thereof if this Warrant is exercised in part, pursuant to the provisions of this Warrant.

Appears in 4 contracts

Samples: Warrant Agreement (Andover Medical, Inc.), Warrant Agreement (Andover Medical, Inc.), Warrant Agreement (Andover Medical, Inc.)

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Exercise for Cash. This Warrant may be exercised, in whole at any time or in part from time to time, commencing on the date hereof and prior to 5:00 P.M., New York City time, on the Expiration Datefifth anniversary of the date hereof, by the Holder by the facsimile delivery of the exercise notice, as attached hereto, on the date of the exercise and by surrender of this Warrant within three (3with the subscription form at the end hereof duly executed) business days from the exercise day at the address of the Escrow Agent set forth in Subsection 9(a) hereof, together with proper payment of the aggregate Exercise Price payable hereunder for the Warrant Shares (“Aggregate Warrant Price”), or the proportionate part thereof if this Warrant is exercised in part. Payment for the Warrant GCA Warrants Shares shall be made by wireFedWire, certified or official bank check payable to the order of the CompanyCompany and delivered to the Escrow Agent. If this Warrant is exercised in part, this Warrant must be exercised for a number of whole shares of the Common Stock, and the Holder is entitled to receive a new Warrant covering the Warrant GCA Warrants Shares which have not been exercised and setting forth the proportionate part of the Aggregate Warrant Price applicable to such Warrant GCA Warrants Shares. Upon such surrender of this Warrant, Warrant the Company will (a) issue a certificate or certificates in the name of the Holder for the largest number of whole shares of the Common Stock to which the Holder shall be entitled and, if this Warrant is exercised in whole, in lieu of any fractional share of the Common Stock to which the Holder shall be entitled, pay to the Holder cash in an amount equal to the fair value of such fractional share (determined in such reasonable manner as the Board of Directors of the Company shall determine), and (b) deliver the other securities and properties receivable upon the exercise of this Warrant, or the proportionate part thereof if this Warrant is exercised in part, . pursuant to the provisions of this Warrant.

Appears in 2 contracts

Samples: Warrant Agreement (Worldwide Data Inc), Warrant Agreement (Worldwide Data Inc)

Exercise for Cash. This Class B Warrant may be exercised, in whole at any time or in part from time to time, commencing on the date hereof and prior to the Expiration Date5:00 P.M., New York time, on _________________, by the Holder by the facsimile delivery of the exercise notice, as attached hereto, on the date of the exercise and by surrender of this Class B Warrant within three (3) business days from the exercise day at the address set forth hereof, together with proper payment of the aggregate Exercise Price payable hereunder for the Class B Warrant Shares (“Aggregate Warrant Price”"AGGREGATE WARRANT PRICE"), or the proportionate part thereof if this Class B Warrant is exercised in part. Payment for the Class B Warrant Shares shall be made by wire, or check payable to the order of the Company. If this Class B Warrant is exercised in part, this Class B Warrant must be exercised for a number of whole shares of the Common Stock, and the Holder is entitled to receive a new Class B Warrant covering the Class B Warrant Shares which have not been exercised and setting forth the proportionate part of the Aggregate Warrant Price applicable to such Class B Warrant Shares. Upon such surrender of this Warrant, Class B Warrant the Company will (a) issue a certificate or certificates in the name of the Holder for the largest number of whole shares of the Common Stock to which the Holder shall be entitled and (b) deliver the other securities and properties receivable upon the exercise of this Class B Warrant, or the proportionate part thereof if this Class B Warrant is exercised in part, pursuant to the provisions of this Class B Warrant.

Appears in 1 contract

Samples: Warrant Agreement (Tombstone Cards, Inc.)

Exercise for Cash. This Class B Warrant may be exercised, in whole at any time or in part from time to time, commencing on the date hereof and prior to the Expiration Date5:00 P.M., New York time, on __________________, by the Holder by the facsimile delivery of the exercise notice, as attached hereto, on the date of the exercise and by surrender of this Class B Warrant within three (3) business days from the exercise day at the address set forth hereof, together with proper payment of the aggregate Exercise Price payable hereunder for the Class B Warrant Shares (“Aggregate Warrant Price”"AGGREGATE WARRANT PRICE"), or the proportionate part thereof if this Class B Warrant is exercised in part. Payment for the Class B Warrant Shares shall be made by wire, or check payable to the order of the Company. If this Class B Warrant is exercised in part, this Class B Warrant must be exercised for a number of whole shares of the Common Stock, and the Holder is entitled to receive a new Class B Warrant covering the Class B Warrant Shares which have not been exercised and setting forth the proportionate part of the Aggregate Warrant Price applicable to such Class B Warrant Shares. Upon such surrender of this Warrant, Class B Warrant the Company will (a) issue a certificate or certificates in the name of the Holder for the largest number of whole shares of the Common Stock to which the Holder shall be entitled and (b) deliver the other securities and properties receivable upon the exercise of this Class B Warrant, or the proportionate part thereof if this Class B Warrant is exercised in part, pursuant to the provisions of this Class B Warrant. 1. C SHARES TO BE FULLY PAID; RESERVATION OF SHARES. The Company covenants and agrees that all shares of Common Stock which may be issued upon the exercise of the rights represented by this Class B Warrant will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable and free from all preemptive rights of any shareholder and free of all taxes, liens and charges with respect to the issue thereof. The Company further covenants and agrees that, during the period within which the rights represented by this Class B Warrant may be exercised, the Company will at all times have authorized and reserved, for the purpose of issue or transfer upon exercise of the subscription rights evidenced by this Class B Warrant, a sufficient number of shares of authorized but unissued Common Stock, when and as required to provide for the exercise of the rights represented by this Class B Warrant. The Company will take all such action as may be necessary to assure that such shares of Common Stock may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of any domestic securities exchange upon which the Common Stock or other securities may be listed; provided, however, that the Company shall not be required to effect a registration under federal or state securities laws with respect to such exercise other than as required by the Registration Rights Agreement. The Company will not take any action which would result in any adjustment of the Exercise Price if the total number of shares of Common Stock issuable after such action upon exercise of all outstanding warrants, together with all shares of Common Stock then outstanding and all shares of Common Stock then issuable upon exercise of all options and upon the conversion of all convertible securities then outstanding, would exceed the total number of shares of Common Stock then authorized by the Company's Articles of Incorporation ("COMPANY CHARTER").

Appears in 1 contract

Samples: Warrant Agreement (SunGame Corp)

Exercise for Cash. This Warrant may be exercised, in whole at any time or in part from time to time, commencing June __, 1998 and prior to the Expiration Date5:00 P.M., New York City time, on June __, 2003 by the Holder by the facsimile delivery of the exercise notice, as attached hereto, on the date of the exercise and by surrender of this Warrant within three (3with the subscription form at the end hereof duly executed) business days from the exercise day at the address set forth in Subsection 9(a) hereof, together with proper payment of the aggregate Exercise Price payable hereunder for the Warrant Shares (“Aggregate Warrant Price”), or the proportionate part thereof if this Warrant is exercised in part. Payment for the Warrant Shares shall be made by wire, certified or official bank check payable to the order of the Company. If this Warrant is exercised in part, this Warrant must be exercised for a number of whole shares of the Common Stock, and the Holder is entitled to receive a new Warrant covering Covering the Warrant Shares which have not been exercised and setting forth the proportionate part of the Aggregate Warrant Price applicable to such Warrant Shares. Upon such surrender of this Warrant, Warrant the Company will (a) issue a certificate or certificates in the name of the Holder for the largest number of whole shares of the Common Stock to which the Holder shall be entitled and, if this Warrant is exercised in whole, in lieu of any fractional share of the Common Stock to which the Holder shall be entitled, pay to the Holder cash in an equal to the fair value of such fractional share (determined in such reasonable manner as the Board of Directors of the Company shall determine), and (b) deliver the other securities and properties receivable upon the exercise of this Warrant, or the proportionate part thereof if this Warrant is exercised in part, pursuant to the provisions of this Warrant.

Appears in 1 contract

Samples: Consulting Agreement (Internet Commerce Corp)

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Exercise for Cash. This Subject to the vesting provisions set forth in Sub-section 1 (c) below, this Warrant may be exercised, in whole at any time or in part from time to time, commencing June 1, 2000, and prior to the Expiration Date5:00 P.M., New York City time, on June 30, 2005, by the Holder by the facsimile delivery of the exercise notice, as attached hereto, on the date of the exercise and by surrender of this Warrant within three (3with the subscription form at the end hereof duly executed) business days from the exercise day at the address set forth in Subsection 9(a) hereof, together with proper payment of the aggregate Exercise Price payable hereunder for the Warrant Shares (“Aggregate Warrant Price”), or the proportionate part thereof if this Warrant is exercised in part. Payment for the Warrant Shares shall be made by wire, certified or official bank check payable to the order of the Company. If this Warrant is exercised in part, this Warrant must be exercised for a number of whole shares of the Common Stock, and the Holder is entitled to receive a new Warrant covering Covering the Warrant Shares which have not been exercised and setting forth the proportionate part of the Aggregate Warrant Price applicable to such Warrant Shares. Upon such surrender of this Warrant, the Company will (a) issue a certificate or certificates in the name of the Holder for the largest number of whole shares of the Common Stock to which the Holder shall be entitled and, if this Warrant is exercised in whole, in lieu of any fractional share of the Common Stock to which the Holder shall be entitled, pay to the Holder cash in an amount equal to the fair value of such fractional share (determined in such reasonable manner as the Board of Directors of the Company shall determine), and (b) deliver the other securities and properties receivable upon the exercise of this Warrant, or the proportionate part thereof if this Warrant is exercised in part, pursuant to the provisions of this Warrant.

Appears in 1 contract

Samples: Warrant Agreement (TTR Technologies Inc)

Exercise for Cash. This Warrant may be exercised, in whole at any time or in part from time to time, commencing June 30, 1999, and prior to the Expiration Date5:00 P.M., P.S.T., on June 5, 2003, by the Holder by the facsimile delivery of the exercise notice, as attached hereto, on the date of the exercise and by surrender of this Warrant within three (3with the subscription form at the end hereof duly executed) business days from the exercise day at the address set forth in Subsection 9(a) hereof, together with proper payment of the aggregate Exercise Price payable hereunder for the Warrant Shares (“Aggregate Warrant Price”), or the proportionate part thereof if this Warrant is exercised in part. Payment for the Warrant Shares shall be made by wire, certified or official bank check payable to the order of the Company. If this Warrant is exercised in part, this Warrant must be exercised for a number of whole shares of the Common Stock, and the Holder is entitled to receive a new Warrant covering Covering the Warrant Shares which have not been exercised and setting forth the proportionate part of the Aggregate Warrant Price applicable to such Warrant Shares. Upon such surrender of this Warrant, Warrant the Company will (a) issue a certificate or certificates in the name of the Holder for the largest number of whole shares of the Common Stock to which the Holder shall be entitled and, if this Warrant is exercised in whole, in lieu of any fractional share of the Common Stock to which the Holder shall be entitled, pay to the Holder cash in an amount equal to the fair value of such fractional share (determined in such reasonable manner as the Board of Directors of the Company shall determine), and (b) deliver the other securities and properties receivable upon the exercise of this Warrant, or the proportionate part thereof if this Warrant is exercised in part, pursuant to the provisions of this Warrant.

Appears in 1 contract

Samples: Warrant Agreement (Webb Interactive Services Inc)

Exercise for Cash. This Class A Warrant may be exercised, in whole at any time or in part from time to time, commencing on the date hereof and prior to the Expiration Date5:00 P.M., New York time, on __________________, by the Holder by the facsimile delivery of the exercise notice, as attached hereto, on the date of the exercise and by surrender of this Class A Warrant within three (3) business days from the exercise day at the address set forth hereof, together with proper payment of the aggregate Exercise Price payable hereunder for the Class A Warrant Shares (“Aggregate Warrant Price”"AGGREGATE WARRANT PRICE"), or the proportionate part thereof if this Class A Warrant is exercised in part. Payment for the Class A Warrant Shares shall be made by wire, or check payable to the order of the Company. If this Class A Warrant is exercised in part, this Class A Warrant must be exercised for a number of whole shares of the Common Stock, and the Holder is entitled to receive a new Class A Warrant covering the Class A Warrant Shares which have not been exercised and setting forth the proportionate part of the Aggregate Warrant Price applicable to such Class A Warrant Shares. Upon such surrender of this Warrant, Class A Warrant the Company will (a) issue a certificate or certificates in the name of the Holder for the largest number of whole shares of the Common Stock to which the Holder shall be entitled and (b) deliver the other securities and properties receivable upon the exercise of this Class A Warrant, or the proportionate part thereof if this Class A Warrant is exercised in part, pursuant to the provisions of this Class A Warrant.

Appears in 1 contract

Samples: Warrant Agreement (Tombstone Cards, Inc.)

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