Term of Warrants. (a) The term for the exercise of the Warrants shall begin at 9:00 a.m., Carrollton, Texas, time on the date that the Bank opens for business (the "Issue Date"). The term for the exercise of the Warrants shall expire at 5:00 p.m., Carrollton, Texas time on the earlier to occur of (i) the tenth anniversary of the Issue Date, or (ii) the date provided in Section 3(b) of this Agreement (the "Expiration Time").
(b) Notwithstanding any provision of this Agreement or any Warrant Certificate to the contrary, the Warrants shall expire, to the extent not exercised, within 45 days following the receipt of notice from the Bank's state or primary federal regulator ("Regulator") that (i) the Bank has not maintained its minimum capital requirements (as determined by the Regulator); and (ii) the Regulator is requiring exercise or forfeiture of the Warrants. Upon receipt of such notice from the Regulator, the Company shall promptly notify each Holder that he/she must exercise the Warrants held by him/her prior to the end of the 45-day period or such earlier period as may be specified by the Regulator or forfeit such Warrant. In case of forfeiture, no Holder shall have any cause of action, of any kind or nature, against the Company, the Bank or any of their respective officers or directors with respect to the forfeiture. In addition, the Company shall not be liable to any Holder due to the failure or inability of the Company to provide adequate notice to Holder.
Term of Warrants. Warrants shall be exercisable by the registered Holder at any time and from time to time on or after the Initial Exercise Date until 5:00 p.m. (New York time) on the Expiration Date. At 5:00 p.m. (New York time) on the Expiration Date, any Warrant not exercised prior thereto (including without limitation, by payment of the applicable Aggregate Exercise Price on or prior to 5:00 p.m. (New York time) on the Expiration Date) shall be and become void and of no value.
Term of Warrants. Warrants shall be exercisable by the registered Holder at any time and from time to time on or after the Initial Issuance Date to and including the Expiration Date. At 5:00 p.m., New York time on the Expiration Date, any portion of a Warrant not exercised prior thereto shall be and become void and of no value.
Term of Warrants. Subject to the terms of this Agreement, each Holder shall have the right, which may be exercised on any Business Day during the Exercise Period, to receive from the Company the number of Warrant Shares which the Holder may at the time be entitled to purchase upon exercise of such Warrants and payment of the Exercise Price then in effect for such Warrant Shares. The Warrant Shares issued to a Holder upon exercise of its Warrants shall be duly authorized, validly issued, fully paid and non-assessable and shall not have been issued in violation of or subject to any preemptive rights. Each Warrant not exercised prior to the expiration of the Exercise Period shall become void, and all rights under such Warrant and under this Agreement shall cease as of the expiration of the Exercise Period, provided, however, that if the Exercise Period ends during a suspension pursuant to Section 4.3, the Exercise Period shall be extended for an additional period of time equal to the longer of the period of such suspension during the Exercise Period and twenty (20) Business Days after the date on which the Warrant Agent sends notice to the Holders of the expiration of such suspension period.
Term of Warrants. Subject to the terms of this Agreement, each Holder shall have the right, which may be exercised commencing on the Effective Registration Date and terminating at 5:00 PM. Los Angeles time 21 months thereafter, to purchase from the Company the number of fully paid and nonassessable shares which the Holder may at the time be entitled to purchase on exercise of such Warrants.
Term of Warrants. Subject to the terms of this Agreement, each Holder shall have the right until 5:00 P.M., New York time, on January 31, 2004 (the seventh anniversary of the Effective Date (as defined in the POR)) (the "Expiration Date"), to purchase from the Company the number of fully paid and nonassessable Warrant Shares which the Holder may at the time be entitled to purchase on exercise of such Warrants.
Term of Warrants. Each Warrant entitles the registered owner thereof to purchase one fully paid and nonassessable Share at a purchase price of $____ per Share (as adjusted from time to time pursuant to the provisions hereof, the "Exercise Price") at any time from the first anniversary of the Effective Date until 5:00 p.m., New York City time, on ____ __, 2004 (the "Warrant Expiration Date").
Term of Warrants. EXERCISE OF WARRANTS.
(a) Each Warrant entitles the registered Holder thereof to purchase one share of Common Stock at any time until 5:00 pm Washington, DC time, August ____, 2004 (the "Warrant Expiration Date"), at a purchase price of $2.50 per share, as such number of shares and purchase price per share may be adjusted from time to time pursuant to Section 9 of this Warrant Agreement (such purchase price per share, as adjusted, being referred to herein as the "Warrant Price").
(b) Subject to the provisions of this Warrant Agreement, each registered Holder of Warrant Certificates shall have the right, which may be exercised as expressed in such Warrant Certificates, to purchase from the Company (and the Company shall issue and sell to such registered Holder) the number of fully paid and nonassessable shares of Common Stock specified in such Warrant Certificates, upon surrender to the Company, or its duly authorized agent, of such Warrant Certificates, with the form of election to purchase duly filled in and signed, and upon payment to the Company of the Warrant Price for the number of shares in respect of which such Warrants are then exercised. Payment of such Warrant Price may be made in cash or by certified or cashier's check. No adjustment shall be made for any dividends on any shares of stock issuable upon exercise of a Warrant.
(c) Upon such surrender of Warrant Certificates, and payment of the Warrant Price as aforesaid, the Company shall issue and cause to be delivered with all reasonable dispatch to or upon the written order of the registered Holder of such Warrant Certificates and (subject to receipt of evidence of compliance with the Act in accordance with the provisions of Section 11 of this Warrant Agreement) in such name or names as such registered Holder may designate, a certificate or certificates for the number of full shares of stock so purchased upon the exercise of such Warrants.
(d) If permitted by applicable law, such share certificate or certificates shall be deemed to have been issued and any person so designated to be named therein shall be deemed to have become a holder of record of such shares as of the date of the surrender of such Warrant Certificates and payment of the Warrant Price as aforesaid. The rights of purchase represented by the Warrant Certificates shall be exercisable, at the election of registered Holders thereof, either as an entirety or from time to time for part only of the shares specified therein and, in the ...
Term of Warrants. Subject to the terms of this Certificate, the Holder has the right, exercisable until 5:00 p.m., New York City time, on [____________]* (the "Expiration Date") to purchase from the Company (and the Company will issue and sell to the Holder of the Warrants represented hereby) such number of Warrant Shares that the Holder may at the time be entitled to purchase, or any lesser number of Warrant Shares requested by the Holder. Each Warrant not exercised prior to 5:00 p.m., New York City time, on the Expiration Date will become void.
Term of Warrants. Subject to the terms of this Agreement, each Holder shall have the right, which may be exercised at any time from 9:00 a.m., New York City time, on October 1, 1997 to 5:00 p.m., New York City time, on September 30, 2002 (five years after the Effective Date) (the "Exercise Period") to receive from the Company the number of Warrant Shares which the Holder may at the time be entitled to receive upon exercise of such Warrants and payment of the Exercise Price then in effect for such Warrant Shares, and the Warrant Shares issued to a Holder upon exercise of its Warrants shall be duly authorized, validly issued, fully paid, nonassessable and shall not have been issued in violation of or subject to any preemptive rights. Each Warrant not exercised prior to the expiration of the Exercise Period shall become void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease as of the expiration of the Exercise Period.
