Redemption of Warrant. 7.1 Commencing on the date which is six months after the Effective Date, Redemption Date, the Company may, on 30 days' prior written notice, redeem all the Warrants at ten cents ($.10) per Warrant, PROVIDED, HOWEVER, that before any such call for redemption of Warrants can take place, the average closing bid price for the Common Stock as reported by the Over-the-Counter Electronic Bulletin Board maintained by the NASD, if the Common Stock is not then traded on any national securities exchange shall have equaled or exceeded $9.00 per share for any twenty (20) trading days prior to the date on which the notice contemplated by (b) and (c) below is given (subject to adjustment in the event of any stock splits or other similar events as provided in Section 9 hereof).
7.2 In case the Company shall exercise its right to redeem all of the Warrants, it shall give or cause to be given notice to the Registered Holders of the Warrants, by mailing to such Registered Holders a notice of redemption, first class, postage prepaid, at their last address as shall appear on the records of the Warrant Agent. Any notice mailed in the manner provided here shall be conclusively presumed to have been duly given whether or not the Registered Holder receives such notice. Not less than four (4) trading days prior to the mailing to the Registered Holders of the Warrants of the notice of redemption, the Company shall deliver or cause to be delivered to the representative of the underwriters, a similar notice telephonically and confirmed in writing together with a list of the Registered Holders (including their respective addresses and number of Warrants beneficially owned) to whom such notice of redemption has been or will be given.
7.3 The notice of redemption shall specify (i) the redemption price, (ii) the Redemption Date, which shall in no event be less than thirty (30) days after the date of mailing of such notice, (iii) the place where the Warrant Certificate shall be delivered and the redemption price shall be paid, and (iv) that the right to exercise the Warrant shall terminate at 5:30 p.m. (New York time) on the business day immediately preceding the date fixed for redemption. No failure to mail such notice nor any defect therein or in the mailing thereof shall affect the validity of the proceedings for such redemption except as to a holder (a) to whom notice was not mailed or (b) whose notice was defective. An affidavit of the Warrant Agent or the Secretary or Assistant Secre...
Redemption of Warrant. The Warrants may be redeemed by the Company ---------------------- at any time on 30 day's written notice to the Holder at the last address therefor as it shall appear upon the Warrant Register at a price of $0.01 per Warrant commencing immediately after the Registration Date provided that the average closing bid price per share of Common Stock for the 30 trading days ending five days prior to the date of the redemption notice of the Warrants is at least $20.00 per share.
Redemption of Warrant. The Company may redeem all or any portion of this Warrant outstanding and unexercised at a redemption price of $.01 for each Share purchasable upon exercise hereof at the time of such redemption; provided that:
(a) Not less than thirty (30) days prior written notice has been provided to the Holder by the Company of the Company's intent to redeem.
(b) The average closing price of the Company's Common Stock as listed on the NASDAQ Capital Market, subject to Section 6 herein, for the fifteen (15) trading days prior to the written notice set forth in this Section 9(a) has exceeded $2.50 per Share; and
(c) The Company limits its redemption to 25% of Holder's total purchasable shares held by the Warrant per month ("Redeemable Shares"). If any portion of this Warrant is redeemed in accordance with this Section 9, the Holder shall have the right to exercise this Warrant with respect to the Redeemable Shares until the close of business on the date next preceding the date fixed for redemption. On or after the date fixed for redemption, the Holder shall have no rights with respect to this Warrant to the extent redeemed, except the right to receive $0.01 per Share of the Redeemable Shares upon surrender of this Warrant for redemption.
Redemption of Warrant. So long as there is No Equity Conditions Failure, this Warrant may be redeemed, in whole or in part, at the option of the Company, at any time after it becomes exercisable and prior to its expiration, at the office of the Company upon the notice referred to in Section 9 hereof, at the price equal to 130% of the Exercise Price (the “Redemption Price”).
Redemption of Warrant. If following the delivery of a Forced Exercise Notice, the Holder has not within thirty (30) days thereof effected the exercise of this Warrant in accordance with this Sections 2(d) and 2(f), the Company, at its option, may redeem this Warrant, in whole or in part, at a price of $0.01 per Warrant Share (subject to adjustment as provided herein, the “Redemption Price”). Any portion of this Warrant not so redeemed shall thereafter again be subject to redemption as provided in the preceding sentence. The Company may exercise its redemption right by giving a redemption notice (“Redemption Notice”) to the Holder no more than thirty (30) and no less than ten (10) calendar days before the date fixed specified in the Redemption Notice for redemption, which shall be no earlier than thirty (30) days following the Forced Exercise Notice. On and after 5:00 p.m. (New York City time) on the date fixed for redemption, the Holder shall have no rights with respect to the Warrant represented hereby except to receive the Redemption Price.
Redemption of Warrant. Notwithstanding anything contained herein to the contrary, the Warrant cannot be redeemed by the Company under any circumstances, without the prior written consent of the Holder.
Redemption of Warrant. This Warrant may be redeemed, at the option of the Company, at any time after it becomes exercisable and prior to its expiration, at the office of the Company upon the notice referred to in Section 9 hereof, at the price equal to 130% of the Exercise Price (the “Redemption Price”).
Redemption of Warrant i. Not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration upon notice to the Holders of the Warrants, as described in Section 2(f)(iii) below, at the price of $0.01 per share (as adjusted pursuant to Section 3(a) hereof for share splits, share dividends, recapitalizations and similar events); provided, however, that if and when the Company elects to redeem the Warrants, the Company may not exercise such redemption right if the issuance of shares of Common Stock upon exercise of the Warrants is not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration or qualification.
ii. Date Fixed for, and Notice of, Redemption. In the event that the Company elects to redeem all of the Warrants, the Company shall fix a date for the redemption (the “Redemption Date”). Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the Redemption Date (the “30-day Redemption Period”) to the registered Holders of the Warrants to be redeemed at their last addresses as they shall appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the registered Holder received such notice.
Redemption of Warrant. (i) If at any time beginning 180 calendar days after the Commencement Date the closing bid price per share of the Common Stock shall exceed 200% of the Exercise Price for a period of thirty (30) consecutive Trading Days (as defined below) ending no more than five (5) days prior to the date fixed for redemption pursuant to paragraph (d)(ii) hereof, the Company, at its option, may redeem the Warrant at a price of $.10 per Warrant (the "Redemption Price").
(ii) The Company may exercise its redemption right by giving a Redemption Notice (in the form attached hereto) to the Holder no more than thirty (30) and no less than ten (10) calendar days before the date fixed specified in the Redemption Notice for redemption. On and after the date fixed for redemption, the Holder shall have no rights with respect to the Warrant represented hereby except to receive the Redemption Price per Warrant upon surrender of this Warrant.
(iii) As used in this Section (d), the term "Trading Days" shall mean any day on which trading takes place on the principal market on which the Common Stock trades, or, if the Common Stock is not listed for trading on any recognized market or exchange, a day on which a sale transaction occurs with respect to such Common Stock.
Redemption of Warrant. Each Warrant is subject to redemption by the Corporation as provided in this Section 8.
(a) Each Warrant may be redeemed, at the option of the Corporation, in whole and not in part, at a redemption price of $.0001 per Warrant (the “Redemption Price”), provided the average closing price of the Common Stock as quoted by Bloomberg, LP., or the Principal Trading Market (as defined below) on which the Common Stock is included for quotation or trading, shall equal or exceed $3.466 per share (taking into account all adjustments) for twenty (20) out of thirty (30) consecutive trading days.
(b) If the conditions set forth in Section 8(a) are met, and the Corporation desires to exercise its right to redeem each Warrant, it shall mail a notice (the “Redemption Notice”) to the registered holder of each Warrant by first class mail, postage prepaid, at least fourteen (14) business days prior to the date fixed by the Corporation for redemption of the Warrants (the “Redemption Date”).
