Common use of Extension Events Clause in Contracts

Extension Events. (a) If a Market Disruption Event or an Extraordinary Event is continuing on the Expiration Date (an "Extension Event"), the term of any outstanding Warrants will be extended for a period of 30 days (the thirtieth day following the Expiration Date being the "Extended Expiration Date"); provided that, if the Cash Settlement Value of the Warrants would have been zero if the Warrants had been exercised, using as the Valuation Date the Measurement Date (as defined below), then, notwithstanding any other provision of the Warrants, the term of the Warrants will not be extended, the Cash Settlement Value will be zero and the Warrants will be deemed to be worthless. Following an Extension Event, the Warrants will expire on the earlier of: (i) the first Business Day on which no Market Disruption Event and no Extraordinary Event shall be occurring (the "Early Extended Expiration Date"), (ii) a Delisting Date falling between the Expiration Date and the Extended Expiration Date, (iii) a Cancellation Date falling between the Expiration Date and the Extended Expiration Date and (iv) the Extended Expiration Date. The Company will give the Warrant Agent prompt notice by telephone, to be promptly confirmed in writing, or facsimile transmission and will give prompt notice to the Warrantholders by publication in a newspaper with a national circulation of the occurrence of an Extension Event, any Extended Expiration Date and any Delisting Date.

Extension Events. (a) If a Market Disruption Event or an Extraordinary Event is continuing on the Expiration Date (an "Extension Event"), the term of any outstanding Warrants will be extended for a period of 30 days (the thirtieth day following the Expiration Date being the "Extended Expiration Date"); provided that, if the Cash Settlement Value of the Warrants would have been zero if the Warrants had been exercised, using as the Valuation Date the Measurement Date (as defined below), then, notwithstanding any other provision of the Warrants, the term of the Warrants will not be extended, the Cash Settlement Value will be zero and the Warrants will be deemed to be worthless. Following an Extension Event, the Warrants will expire on the earlier of: (i) the first Business Day on which no Market Disruption Event and no Extraordinary Event shall be occurring (the "Early Extended Expiration Date"), (ii) a Delisting Date falling between the Expiration Date and the Extended Expiration Date, [(iii) a Cancellation Date falling between the Expiration Date and the Extended Expiration Date Date] and (iv) the Extended Expiration Date. The Company will give the Warrant Agent prompt notice by telephone, to be promptly confirmed in writing, telephone or facsimile transmission and will give prompt notice to the Warrantholders by publication in a newspaper with a national circulation of the occurrence of an Extension Event, any Extended Expiration Date and any Delisting Date.