Common use of Term of Warrants; Exercise of Warrants Clause in Contracts

Term of Warrants; Exercise of Warrants. 3.1 Subject to the terms of this Agreement, the Warrantholder shall have the right, at any time during the period commencing at 9:00 a.m., Pacific Time, on October __, 1997 and ending at 5:00 p.m., Pacific Time, on October __, 2001 (the "Termination Date"), to purchase from the Company up to the number of fully paid and nonassessable Shares to which the Warrantholder may at the time be entitled to purchase pursuant to this Agreement, upon surrender to the Company, at its principal office, of the certificate evidencing the Warrants to be exercised, together with the purchase form on the reverse thereof duly filled in and signed, and upon payment to the Company of the Warrant Price (as defined in and determined in accordance with the provisions of this Section 3 and Sections 7 and 8 hereof), for the number of Shares in respect of which such Warrants are then exercised, but in no event for less than 100 Shares (unless less than an aggregate of 100 Shares are then purchasable under all outstanding Warrants held by a Warrantholder). Payment of the aggregate Warrant Price shall be made in cash, by check, or as set forth in Section 3.3 3.2 The Warrants shall be exercisable, at the election of the Warrantholder, either in full or from time to time in part. Any Warrants not surrendered to the Company for exercise in accordance with this Section 3.1 prior to 5:00 p.m., Pacific Time, on the Termination Date shall be void.

Appears in 1 contract

Samples: Underwriter's Warrant Agreement (Javelin Systems Inc)

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Term of Warrants; Exercise of Warrants. 3.1 (a) Subject to the terms of this Agreement, the Warrantholder shall have the right, at any time during the period commencing at 9:00 6:30 a.m., Pacific Time, on October __________, 1997 and ending at 5:00 p.m., Pacific Time, on October ______________, 2001 (five years from the effective date of the Offering) (the "Termination Date"), to purchase from the Company up to the number of fully paid and nonassessable Shares shares of Warrant Stock to which the Warrantholder may at the time be entitled to purchase pursuant to this Agreement, upon surrender to the Company, at its principal office, of the certificate evidencing the Warrants to be exercised, together with the purchase form on the reverse thereof duly filled in completed and signedexecuted, and upon payment to the Company of the Warrant Price (as defined in and determined in accordance with the provisions of this Section 3 and Sections 7 and 8 hereof), ) for the number of Shares shares of Warrant Stock in respect of which such Warrants are then exercised, but in no event for less than 100 Shares shares of Warrant Stock (unless less than an aggregate of 100 Shares shares of Warrant Stock are then purchasable under all outstanding Warrants held by a such Warrantholder). Payment of the aggregate Warrant Price shall be made in cashThis Warrant, by check, or as set forth in Section 3.3 3.2 The Warrants shall be when exercisable, at the election of the Warrantholder, either in full or may be exercised from time to time in whole or in part. Any Warrants not surrendered to the Company for exercise in accordance with this Section 3.1 prior to 5:00 p.m., Pacific Time, on the Termination Date shall be void.

Appears in 1 contract

Samples: Representative's Warrant Agreement (Autobond Acceptance Corp)

Term of Warrants; Exercise of Warrants. 3.1 (a) Subject to the terms of this Agreement, the a Warrantholder shall have the right, at any time during the period commencing at 9:00 a.m., Pacific Time, on October _________________, 1997 2000 and ending at 5:00 p.m., Pacific Time, on October ________________, 2001 2004 (the "Termination Date"), to purchase from the Company up to the number of fully paid and nonassessable Shares to which the Warrantholder may at the time be entitled to purchase pursuant to this Agreement, upon surrender to the Company, at its principal office, of the certificate evidencing the Warrants to be exercised, together with the purchase form on the reverse thereof duly filled in and signed, with signatures guaranteed, and upon payment to the Company of the Warrant Price (as defined in and determined in accordance with the provisions of this Section section 3 and Sections sections 7 and 8 hereof), for the number of Shares in respect of which such Warrants are then exercised, but in no event for less than 100 Shares (unless less than an aggregate of 100 Shares are then purchasable under all outstanding Warrants held by a Warrantholder). . (b) Payment of the aggregate Warrant Price shall be made in cash, by check, or as set forth in Section 3.3 3.2 The Warrants shall be exercisablemade, at the election of a Warrantholder, in cash, by wire transfer to an account of the Company designated for this purpose, by the Warrantholder, either in full or from time to time in part. Any Warrants not surrendered 's check payable to the Company for exercise in accordance with this Section 3.1 prior or by the Warrantholder's notice to 5:00 p.m., Pacific Time, on the Termination Date shall be void.Company authorizing

Appears in 1 contract

Samples: Representatives' Warrant Agreement (Vidatron Entertainment Group Inc)

Term of Warrants; Exercise of Warrants. 3.1 (a) Subject to the terms of this Agreement, the each Warrantholder shall have the right, at any time during the period commencing at 9:00 a.m., Pacific Eastern Time, on October __May 28, 1997 (the "Commencement Date") and ending at 5:00 p.m., Pacific Eastern Time, on October __May 28, 2001 2002 (the "Termination Date"), to purchase from the Company up to the ------ number of fully paid and nonassessable Shares to which the such Warrantholder may at the time lime be entitled to purchase pursuant to this Agreement, upon surrender to the Company, Company at its principal office, office of the certificate certificates evidencing the Warrants to be exercised, together with the purchase form on the reverse thereof duly filled in completed and signed, and upon payment to the Company of the Warrant Price (as defined in and determined in accordance with the provisions of this Section 3 and Sections 7 and 8 hereof), ) for the number of Shares in respect of which such Warrants are then exercised, but in no event for less fewer than 100 Shares (unless less fewer than an aggregate of 100 Shares are then purchasable under all outstanding Warrants held of record by a Warrantholder). Payment of the aggregate Warrant Price shall be made in cash, cash or by certified or cashier's check, in next day funds, or as set forth in Section 3.3 3.2 The Warrants shall be exercisable, at the election of the Warrantholder, either in full or from time to time in part. Any Warrants not surrendered to the Company for exercise in accordance with this Section 3.1 prior to 5:00 p.m., Pacific Time, on the Termination Date shall be voidany combination thereof.

Appears in 1 contract

Samples: Warrant Agreement (Matritech Inc/De/)

Term of Warrants; Exercise of Warrants. 3.1 (a) Subject to the terms of this Agreement, the any Warrantholder shall have the right, at any time during the period commencing at 9:00 a.m., Pacific California Time, on October ___________, 1997 1999 and ending at 5:00 p.m., Pacific California Time, on October ___________, 2001 2003 (the "Termination Date"), to purchase from the Company up to the number of fully paid and nonassessable non-assessable Shares to which the such Warrantholder may at the time be entitled to purchase pursuant to this Agreement, upon surrender to the Company, at its principal office, of the certificate evidencing the Warrants to be exercised, together with the purchase form on the reverse thereof duly filled in and signed, with signatures guaranteed, and upon payment to the Company of the Warrant Price (as defined in and determined in accordance with the provisions of this Section section 3 and Sections sections 7 and 8 hereof), for the number of Shares in respect of which such Warrants are then exercised, but in no event for less than 100 Shares (unless less than an aggregate of 100 Shares are then purchasable under all outstanding Warrants held by a Warrantholder). . (b) Payment of the aggregate Warrant Price shall be made in cash, by checkwire transfer, by certified or official bank check or through the use of Appreciation Currency (as defined below), or as set forth in Section 3.3 3.2 The Warrants shall be exercisable, at the election any combination thereof. Upon such surrender of the WarrantholderWarrants and payment of such Warrant Price as aforesaid, either in full or from time to time in part. Any Warrants not surrendered to the Company for exercise in accordance shall issue and cause to be delivered with this Section 3.1 prior to 5:00 p.m., Pacific Time, on the Termination Date shall be void.all reasonable

Appears in 1 contract

Samples: Warrant Agreement (Financial Pacific Insurance Group Inc)

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Term of Warrants; Exercise of Warrants. 3.1 Subject to the terms of this Agreement, the Warrantholder shall have the right, at any time during the period commencing at 9:00 a.m., Pacific Time, on October __, 1997 and ending at until 5:00 p.m., Pacific TimeLos Angeles time, on October __November 14, 2001 1999 (the "Termination Date"), to purchase from the Company up to the number of fully paid and nonassessable Shares to which the Warrantholder may at the time be entitled to purchase pursuant to this Agreement, upon surrender to the Company, at its principal office, of the certificate evidencing the Warrants to be exercised, together with the purchase form on the reverse thereof duly filled in this Agreement and signed, and upon payment to the Company of the Warrant Price (as defined in and determined in accordance with the provisions of this Section 3 Sections 4 and Sections 7 and 8 5 hereof), for the number of Shares in respect of which such Warrants are Warrant is then exercised, but in no event for less than 100 Shares (unless less than an aggregate of 100 Shares are then purchasable under all outstanding Warrants held by a Warrantholder). Payment of the aggregate Warrant Price shall be made in cash, by checkcheck or wire transfer, or as set forth in Section 3.3 3.2 The Warrants shall be exercisableupon written notice by the Warrantholder that it agrees to the cancellation of a specified amount of outstanding principal or interest which the Company then owes the Warrantholder under that certain Loan Agreement dated October 12, at 1994 between the election of Company and the Warrantholder, either in full or from time as amended and supplemented by that certain Addendum to time in part. Any Warrants not surrendered to Loan Agreement of even date herewith between the Company for exercise in accordance with this Section 3.1 prior to 5:00 p.m., Pacific Time, on and the Termination Date shall be voidWarrantholder.

Appears in 1 contract

Samples: Warrant Agreement (Dense Pac Microsystems Inc)

Term of Warrants; Exercise of Warrants. 3.1 Subject to the terms of this Agreement, the Warrantholder shall have the right, at any time during the period commencing at 9:00 a.m., Pacific Time, on October __, 1997 and ending at until 5:00 p.m., Pacific TimeLos Angeles time, on October __November 14, 2001 1999 (the "Termination Date"), to purchase from the Company up to the number of fully paid and nonassessable Shares to which the Warrantholder may at the time be entitled to purchase pursuant to this Agreement, upon surrender to the Company, at its principal office, of the certificate evidencing the Warrants to be exercised, together with the purchase form on the reverse thereof duly filled in this Agreement and signed, and upon payment to the Company of the Warrant Price (as defined in and determined in accordance with the provisions of this Section 3 Sections 4 and Sections 7 and 8 5 hereof), for the number of Shares in respect of which such Warrants are Warrant is then exercised, but in no event for less than 100 Shares (unless less than an aggregate of 100 Shares are then purchasable under all outstanding Warrants held by a Warrantholder). Payment of the aggregate Warrant Price shall be made in cash, by checkcheck or wire transfer, or as set forth in Section 3.3 3.2 The Warrants shall be exercisableupon written notice by the Warrantholder that it agrees to the cancellation of a specified amount of outstanding principal or interest which the Company then owes the Warrantholder under that certain Loan Agreement dated October 12, at 1994 between the election of Company and the Warrantholder, either in full or from time as amended and supplemented by that certain Addendum to time in part. Any Warrants not surrendered to Loan Agreement of even date herewith between the Company and the Warrantholder. Upon surrender of this Agreement and payment for the Shares, the Company shall issue and cause to be delivered within five business days to or upon the written order of the Warrantholder and in such name or names as the Warrantholder may designate a certificate or certificates for the number of full Shares issuable upon the exercise of the Warrants, together with cash, as provided in accordance with this Section 3.1 prior to 5:00 p.m.7 hereof, Pacific Time, on the Termination Date shall be voidin respect of any fractional Share otherwise issuable upon such exercise.

Appears in 1 contract

Samples: Warrant Agreement (Dense Pac Microsystems Inc)

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