Common use of Redemption of Warrant Clause in Contracts

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.

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Serve Robotics Inc. /DE/), Common Stock Purchase Warrant (Serve Robotics Inc. /DE/)

AutoNDA by SimpleDocs

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 $ 0.01per 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.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Sharps Technology Inc.)

AutoNDA by SimpleDocs

Redemption of Warrant. If following the delivery of a Forced Exercise Notice, the Holder has not within thirty by the end of the tenth (3010th) days Trading Days following such notice thereof effected the exercise of this Warrant in accordance with this these 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 five (105) calendar days Trading Days before the date fixed specified in the Redemption Notice for redemption, which shall be no earlier than thirty ten (3010) days Trading 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.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Curative Biotechnology Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!