Common use of Redemption of Warrant Clause in Contracts

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”).

Appears in 2 contracts

Samples: 22nd Century Group, Inc., 22nd Century Group, Inc.

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Redemption of Warrant. So long as there is no 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”).

Appears in 2 contracts

Samples: ir.xxiicentury.com, 22nd Century Group, Inc.

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