Common use of Exercise; Redemption Clause in Contracts

Exercise; Redemption. (a) Each Warrant represented by a Warrant Certificate may be exercised during the Warrant Exercise Period, upon the terms and subject to the conditions set forth herein and in the Warrant Certificate. A Warrant shall be deemed to have been exercised immediately prior to the close of business on the Exercise Date, provided that the Warrant Certificate representing such Warrant, with the appropriate exercise form thereon duly executed by the Registered Holder thereof or his or her attorney duly authorized in writing, together with payment in cash, or by official bank or certified check made payable to the Company, of an amount equal to the Purchase Price has been timely received by the Warrant Agent. Payment must be made in United Sates funds. The person entitled to receive the securities deliverable upon such exercise shall be treated for all purposes as the holder of such securities as of the close of business on the Exercise Date. The Company shall not be obligated to issue any fractional share interests or fractional warrant interests upon the exercise of any Warrants. Computations resulting in the issuance of fractional shares be rounded to the nearest whole share. As soon as practicable on or after the Exercise Date and in any event within 10 days after having received authorization from the Company, the Warrant Agent, on behalf of the Company, shall cause to be issued to the person or persons entitled to receive the same a certificate or certificates for the shares of Common Stock, and the Warrant Agent shall deliver the same to the person or persons entitled thereto. No adjustment shall be made in respect of cash dividends on any shares delivered upon exercise of any Warrant. Upon the exercise of any Warrants, the Warrant Agent shall promptly notify the Company in writing of such fact and of the number of securities delivered upon such exercise and shall cause all payments of an amount in cash or check made payable to the order of the Company, equal to the Purchase Price, less any Warrant solicitation fee, as hereinafter described.

Exercise; Redemption. (a) a. Each Warrant represented by a Warrant Certificate may be exercised during the Warrant Exercise Period, upon the terms and subject to the conditions set forth herein and in the Warrant Certificate. A Warrant shall be deemed to have been exercised immediately prior to the close of business on the Exercise Date, provided that the Warrant Certificate representing such Warrant, with the appropriate exercise form thereon duly executed by the Registered Holder thereof or his or her attorney duly authorized in writing, together with payment in cash, or by official bank or certified check made payable to the Company, of an amount equal to the Purchase Price has been timely received by the Warrant Agent. Payment must be made in United Sates funds. The person entitled to receive the securities deliverable upon such exercise shall be treated for all purposes as the holder of such securities as of the close of business on the Exercise Date. The Company shall not be obligated to issue any fractional share interests or fractional warrant interests upon the exercise of any Warrants. Computations resulting in the issuance of fractional shares be rounded to the nearest whole share. As soon as practicable on or after the Exercise Date and in any event within 10 days after having received authorization from the Company, the Warrant Agent, on behalf of the Company, shall cause to be issued to the person or persons entitled to receive the same a certificate or certificates for the shares of Common Stock, and the Warrant Agent shall deliver the same to the person or persons entitled thereto. No adjustment shall be made in respect of cash dividends on any shares delivered upon exercise of any Warrant. Upon the exercise of any Warrants, the Warrant Agent shall promptly notify the Company in writing of such fact and of the number of securities delivered upon such exercise and shall cause all payments of an amount in cash or check made payable to the order of the Company, equal to the Purchase Price, less any Warrant solicitation fee, as hereinafter described.

Exercise; Redemption. (a) Each Warrant represented by a Warrant Certificate may be exercised during the Warrant Exercise Period, upon the terms and subject to the conditions set forth herein and in the Warrant Certificate. A Warrant shall be deemed to have been exercised immediately prior to the close of business on the Exercise Date, provided that the Warrant Certificate representing such Warrant, with the appropriate exercise form thereon duly executed by the Registered Holder thereof or his or her attorney duly authorized in writing, together with payment in cash, or by official bank or certified check made payable to the Company, of an amount equal to the Purchase Price has been timely received by the Warrant Agent. Payment must be made in United Sates States funds. The person entitled to receive the securities deliverable upon such exercise shall be treated for all purposes as the holder of such securities as of the close of business on the Exercise Date. The Company shall not be obligated to issue any fractional share interests or fractional warrant interests upon the exercise of any Warrants. Computations resulting in the issuance of fractional shares be rounded to the nearest whole share. As soon as practicable on or after the Exercise Date and in any event within 10 days after having received authorization from the Company, the Warrant Agent, on behalf of the Company, shall cause to be issued to the person or persons entitled to receive the same a certificate or certificates for the shares of Common Stock, and the Warrant Agent shall deliver the same to the person or persons entitled thereto. No adjustment shall be made in respect of cash dividends on any shares delivered upon exercise of any Warrant. Upon the exercise of any Warrants, the Warrant Agent shall promptly notify the Company in writing of such fact and of the number of securities delivered upon such exercise and shall cause all payments of an amount in cash or check made payable to the order of the Company, equal to the Purchase Price, less any Warrant solicitation fee, as hereinafter described.