Common use of Payment of Warrant Price Clause in Contracts

Payment of Warrant Price. i. If the applicable Exercise Event is an IPO, Change in Control or Spin-Off, then within ten (10) days of Holder's receipt of written notice from Aironet of the event, Holder shall pay the aggregate Warrant Price to Aironet by wire transfer of immediately available funds, pursuant to wire instructions provided to Holder by Aironet. Immediately upon Holder's surrender of the Warrant certificate evidencing the exercised Warrants and payment of the Warrant Price, Aironet shall issue and deliver to Holder certificates for the Warrant Shares then purchased. The Warrant Shares when paid for and issued shall be fully paid and non-assessable, and shall be deemed issued as of the date of surrender of the Warrant certificate and payment of the aggregate Warrant Price. ii. If the applicable Exercise Event is a Private Sale, then Aironet shall provide Holder with at least fifteen (15) days written notice prior to consummating such transaction, and Holder shall receive, on a cashless exercise basis, the kind and amount of consideration it would be entitled to receive as if the Warrants had been duly exercised in full prior to such event and as if Holder owned the number of Warrant Shares that could be purchased with such consideration, less the aggregate Warrant Price.

Payment of Warrant Price. i. If the applicable Exercise Event is an IPO, Change in Control or Spin-Off, then within ten (10) days of Holder's receipt of written notice from Aironet of the event, Holder shall pay the aggregate Warrant Price to Aironet by wire transfer of immediately available funds, pursuant to wire instructions provided to Holder by Aironet. Immediately upon Holder's surrender Holdxx'x xurrender of the Warrant certificate evidencing the exercised Warrants and payment of the Warrant Price, Aironet shall issue and deliver to Holder certificates for the Warrant Shares then purchased. The Warrant Shares when paid for and issued shall be fully paid and non-assessable, and shall be deemed issued as of the date of surrender of the Warrant certificate and payment of the aggregate Warrant Price. ii. If the applicable Exercise Event is a Private Sale, then Aironet shall provide Holder with at least fifteen (15) days written notice prior to consummating such transaction, and Holder shall receive, on a cashless exercise basis, the kind and amount of consideration it would be entitled to receive as if the Warrants had been duly exercised in full prior to such event and as if Holder owned the number of Warrant Shares that could be purchased with such consideration, less the aggregate Warrant Price.