Common use of GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK Clause in Contracts

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. (a) For value received, the Company hereby grants to the Warrantholder the right to subscribe for and purchase from the Company, at any time and from time to time on or before the Expiration Date (as defined below), up to such number of fully paid and non-assessable shares of Preferred Stock as determined pursuant to Section 1(b) below, at a purchase price per share equal to the Exercise Price (as defined below). As used herein, the following terms shall have the following meanings:

GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK. (a) For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the right terms and subject to the conditions hereinafter set forth, to subscribe for and purchase purchase, from the Company, at any time and from time to time on or before the Expiration Date (as defined below), up to such an aggregate number of fully paid and non-assessable shares of the Preferred Stock as determined pursuant to Section 1(b) below, at a purchase price per share equal to the quotient derived by dividing (a) [$ ] by (b) the Exercise Price (as defined below). As used herein, the following terms shall have the following meanings: