Expiry of Warrant Sample Clauses

Expiry of Warrant. Except to the extent it may expire with respect to certain shares of Warrant Stock as provided in this Section 1.5, this Warrant expires as to all shares of Warrant Stock on August 1, 2012. This Warrant is issued in connection with a loan made by Holder to the Company pursuant to a Loan and Security Agreement of even date herewith (the “Loan Agreement”). This Warrant will expire with respect to 90,000 shares of Warrant Stock subject to this Warrant (the “Contingent Warrant Stock”), as to 3,750 shares at midnight on the last day of each month during which there have been no borrowings outstanding under the Loan Agreement. A termination of the Loan Agreement by the Company other than during an Event of Default under the Loan Agreement, shall cause this Warrant to expire with respect to Contingent Warrant Stock in an amount determined by multiplying 3,750 by the Remaining Monthly Periods. The “Remaining Monthly Periods” shall mean the number of full monthly periods remaining through the Maturity Date set forth (and as defined) in the Loan Agreement plus the monthly period in which the termination of the Loan Agreement occurs if there have been no borrowings outstanding during such monthly period through the date of termination. For example only, if the Loan Agreement is terminated by the Company after one year (other than as a result of an Event of Default under the Loan Agreement) and borrowings were outstanding during 6 of the 12 months of the term of the Loan Agreement, then the Warrant would have expired with respect to 3,750 shares of Contingent Warrant Stock at midnight on the last day of each of such 6 months during which borrowings were outstanding, and with respect to 45,000 shares of Contingent Warrant Stock upon termination of the Loan. As a further example, if the Company had no borrowings outstanding at any time during months 2, 3, 4, 5, 7 and 23 of the Loan Agreement, then at midnight on the last day of each of months 2, 3, 4, 5, 7 and 23, the Warrant would expire with respect to 3,750 shares of Contingent Warrant Stock, or an aggregate of 22,500 shares of Contingent Warrant Stock. Notwithstanding anything to the contrary set forth in this Warrant, this Warrant is not exercisable with respect to any Contingent Warrant Stock until the risk of forfeiture with respect thereto has lapsed.
Sample 1
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Expiry of Warrant. After the expiry of the period within which a Warrant is exercisable, all rights will wholly cease and terminate and such Warrant will be void and of no effect.
Sample 1

Related to Expiry of Warrant

  • Copy of Warrant A copy of this Warrant shall be filed among the records of the Company.

  • Registry of Warrant Company shall maintain a registry showing the name and address of the registered Holder of this Warrant. This Warrant may be surrendered for exchange or exercise, in accordance with its terms, at such office or agency of Company, and Company and Holder shall be entitled to rely in all respects, prior to written notice to the contrary, upon such registry.

  • Expiration of Warrants Immediately after the Expiry Time, all rights under any Warrant in respect of which the right of acquisition provided for herein shall not have been exercised shall cease and terminate and each Warrant shall be void and of no further force or effect.

  • Expiration of Warrant This Warrant shall expire on the five (5) year anniversary of the Base Date (the “Expiration Date”).

  • Term of Warrants Warrants shall be exercisable by the registered Holder at any time and from time to time on or after the Initial Exercise Date until 5:00 p.m. (New York time) on the Expiration Date. At 5:00 p.m. (New York time) on the Expiration Date, any Warrant not exercised prior thereto (including without limitation, by payment of the applicable Aggregate Exercise Price on or prior to 5:00 p.m. (New York time) on the Expiration Date) shall be and become void and of no value.

  • Issue of Warrants Section 2.1 Creation and Issue of Warrants 6 Section 2.2 Terms of Warrants 7 Section 2.3 Warrantholder not a Shareholder 7 Section 2.4 Warrants to Rank Pari Passu 7 Section 2.5 Form of Warrants, Certificated Warrants 7 Section 2.6 Book Entry Only Warrants 8 Section 2.7 Warrant Certificate 10 Section 2.8 Register of Warrants 11 Section 2.9 Issue in Substitution for Warrant Certificates Lost, etc. 12 Section 2.10 Exchange of Warrant Certificates 13 Section 2.11 Transfer and Ownership of Warrants 13 Section 2.12 Cancellation of Surrendered Warrants 14 ARTICLE 3

  • Term of Warrant Subject to the terms and conditions set forth herein, this Warrant shall be exercisable, in whole or from time to time part, at any time on or after the date hereof and at or prior to 11:59 p.m., Pacific Standard Time, on May 23, 2006 (the “Expiration Time”).

  • Replacement of Warrants Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant and (in the case of loss, theft or destruction) upon delivery of an indemnity agreement (with surety if reasonably required) in an amount reasonably satisfactory to the Company, or (in the case of mutilation) upon surrender and cancellation of this Warrant, the Company will issue, in lieu thereof, a new Warrant of like tenor.

  • Exchange and Registry of Warrant This Warrant is exchangeable, upon the surrender hereof by the registered Holder at the above mentioned office or agency of the Corporation, for a new Warrant of like tenor and dated as of such exchange. The Corporation shall maintain at the above-mentioned office or agency a registry showing the name and address of the registered Holder of this Warrant. This Warrant may be surrendered for exchange, transfer or exercise, in accordance with its terms, at such office or agency of the Corporation, and the Corporation shall be entitled to rely in all respects, prior to written notice to the contrary, upon such registry.

  • Exercise of Warrant Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company of a duly executed facsimile copy or PDF copy submitted by e-mail (or e-mail attachment) of the Notice of Exercise in the form annexed hereto (the “Notice of Exercise”). Within the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period (as defined in Section 2(d)(i) herein) following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise Price for the Warrant Shares specified in the applicable Notice of Exercise by wire transfer or cashier’s check drawn on a United States bank unless the cashless exercise procedure specified in Section 2(c) below is specified in the applicable Notice of Exercise. No ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within three (3) Trading Days of the date on which the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one (1) Trading Day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.

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