Method of Redemption. If the closing bid price of the Common Stock shall have equaled or exceeded $5.50 per share for a period of twenty (20) consecutive trading days at any time during the term hereof, the Company may, in its sole discretion, redeem the Class A Warrants by paying Warrant Holders $.05 per Warrant, provided such notice is mailed to all Warrant holders not later than twenty (20) days after the end of such period and prescribes a redemption date at least thirty (30) days but not more than sixty (60) days thereafter. Warrant Holders will be entitled to exercise Class A Warrants at any time up to the business day next preceding the redemption date.
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Samples: Warrant Agreement (Eagle Wireless International Inc), Warrant Agreement (Eagle Telecom International Inc)
Method of Redemption. If the closing bid price of the Common Stock shall have equaled or exceeded $5.50 7.50 per share for a period of twenty (20) consecutive trading days at any time during the term hereof, the Company may, in its sole discretion, redeem the Class A B Warrants by paying Warrant Holders $.05 per Warrant, provided such notice is mailed to all Warrant holders not later than twenty (20) days after the end of such period and prescribes a redemption date at least thirty (30) days but not more than sixty (60) days thereafter. Warrant Holders will be entitled to exercise Class A B Warrants at any time up to the business day next preceding the redemption date.
Appears in 2 contracts
Samples: Warrant Agreement (Eagle Telecom International Inc), Warrant Agreement (Eagle Wireless International Inc)
Method of Redemption. If the closing bid price of the Common Stock shall have equaled or exceeded $5.50 per share for a period of twenty (20) consecutive trading days at any time during the term hereof, the Company may, in its sole discretion, redeem the Class A C Warrants by paying Warrant Holders $.05 per Warrant, provided such notice is mailed to all Warrant holders not later than twenty (20) days after the end of such period and prescribes a redemption date at least thirty (30) days but not more than sixty (60) days thereafter. Warrant Holders will be entitled to exercise Class A C Warrants at any time up to the business day next preceding the redemption date.
Appears in 1 contract
Samples: Warrant Agreement (Eagle Wireless International Inc)