Common use of Limited Extension of Exercise Date Clause in Contracts

Limited Extension of Exercise Date. Only if there is a Contingent Agent and only if the Expired Warrants are in Book Entry form, the Issuer will extend the period any Expired Warrants may be exercised for an additional thirty (30) days after the Redemption Date specified in the Redemption Notice or after the Expiration Date (the “Special Exercise Period”). Only during this Special Exercise Period, may the Contingent Agent exercise any amount of Expired Warrants as allowed under this Agreement, subject to the limitation in Article 3.2 below, and only for the benefit of all the Warrant Holders of all the Expired Warrants (the “Covered Holders”). The Contingent Agent may also sell any amount of the Expired Warrants for the benefit of all the Covered Holders and may assign the Special Exercise Period right to the buyer of any such Expired Warrants, subject to the limitation in Article 3.2 below. This grant of a Special Exercise Period to the Contingent Agent in no way grants any Warrant Holder additional time to exercise. Contingent Agent Agreement

Appears in 4 contracts

Samples: Plan Warrant Agreement (Asia Leechdom Holding Corp), Plan Warrant Agreement (Shengtai Power International, Inc.), Plan Warrant Agreement (China Golden Dragon Travel Group)

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Limited Extension of Exercise Date. Only if there is a Contingent Agent and only if the Expired Warrants are in Book Entry form, the Issuer will extend the period any Expired Warrants may be exercised for an additional thirty (30) days after the Redemption Date specified in the Redemption Notice or after the Expiration Date (the "Special Exercise Period"). Only during this Special Exercise Period, may the Contingent Agent exercise any amount of Expired Warrants as allowed under this Agreement, subject to the limitation in Article 3.2 below, and only for the benefit of all the Warrant Holders of all the Expired Warrants (the "Covered Holders"). The Contingent Agent may also sell any amount of the Expired Warrants for the benefit of all the Covered Holders and may assign the Special Exercise Period right to the buyer of any such Expired Warrants, subject to the limitation in Article 3.2 below. This grant of a Special Exercise Period to the Contingent Agent in no way grants any Warrant Holder additional time to exercise. Contingent Agent Agreement.

Appears in 1 contract

Samples: Plan Warrant Agreement (Dynamic Biometric Systems, Inc.)

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Limited Extension of Exercise Date. Only if there is a Contingent Agent and only if the Expired Warrants are in Book Entry form, the Issuer will extend the period any Expired Warrants may be exercised for an additional thirty (30) days after the Redemption Date specified in the Redemption Notice or after the Expiration Date (the “Special Exercise Period”). Only during this Special Exercise Period, may the Contingent Agent exercise any amount of Expired Warrants as allowed under this Agreement, subject to the limitation in Article 3.2 below, and only for the benefit of all the Warrant Holders of all the Expired Warrants (the “Covered Holders”). The Contingent Agent may also sell any amount of the Expired Warrants for the benefit of all the Covered Holders and may assign the Special Exercise Period right to the buyer of any such Expired Warrants, subject to the limitation in Article 3.2 below. This grant of a Special Exercise Period to the Contingent Agent in no way grants any Warrant Holder additional time to exercise. Contingent Agent Agreement.

Appears in 1 contract

Samples: Plan Warrant Agreement (China Special Fiber, Inc)

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