Common use of Notice to Holder and Xxxxxx's Response Clause in Contracts

Notice to Holder and Xxxxxx's Response. Such a Mandatory Exercise by the Company, as provided for in Section 2.1, shall be effectuated by providing notice to the Holder by facsimile transmission of a mandatory exercise (a "Notice of Mandatory Exercise"). Upon receipt by the Holder of a facsimile copy of a Notice of Mandatory Exercise (the "Date of Receipt"), the Holder shall within five (5) business days of the Date of Receipt exercise this warrant for the number of shares specified in such Notice of Mandatory Exercise by presentation and surrender of the Warrant to the Company with the duly executed Warrant Exercise Form attached hereto and accompanied by payment of the relevant Exercise Price.