Common use of ISSUANCE OF THE WARRANT UNITS Clause in Contracts

ISSUANCE OF THE WARRANT UNITS. (a) The Company agrees that the shares of Common Stock and the Redeemable Warrants comprising the Warrant Units purchased upon exercise of this Warrant shall be and are deemed to be issued to the Holder as of the close of business on the date on which this Warrant shall have been surrendered and the payment made for such Warrant Units as aforesaid. Subject to the provisions of Section 3(b), certificates for the shares of Common Stock and the Redeemable Warrant comprising the Warrant Units so purchased shall be delivered to the Holder within a reasonable time, not exceeding fifteen (15) days after the rights represented by this Warrant shall have been so exercised, and, unless this Warrant has expired, a new Warrant representing the right to purchase the number of Warrant Units, if any, with respect to which this Warrant shall not then have been exercised shall also be delivered to the Holder within such time.

ISSUANCE OF THE WARRANT UNITS. (a) The Company agrees that the shares of Common Stock and the Redeemable Warrants comprising the Warrant Units purchased upon exercise of this Warrant shall be and are deemed to be issued to the Holder as of the close of business on the date on which this Warrant shall have been surrendered and the payment made for such Warrant Units as aforesaid. Subject to the provisions of Section 3(b), certificates for the shares of Common Stock and the Redeemable Warrant Warrants comprising the Warrant Units so purchased shall be delivered to the Holder within a reasonable time, not exceeding fifteen (15) days after the rights represented by this Warrant shall have been so exercised, and, unless this Warrant has expired, a new Warrant representing the right to purchase the number of Warrant Units, if any, with respect to which this Warrant shall not then have been exercised shall also be delivered to the Holder within such time.