Common use of Term of Warrants Clause in Contracts

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.

Term of Warrants. Subject to the terms of this Agreement, each Holder shall have the right, which may be exercised at any time from during the period commencing at 9:00 a.m., New York City time, on October 1, 1997 to the date occurring six (6) months after the Effective Date and ending at 5:00 p.m., New York City time, on September 30, 2002 the date occurring two (five 2) years after the Effective Date) 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.

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.until the expiration of the applicable Exercise Period for the Warrants held, 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 paid and shall not have been issued in violation of or subject to any preemptive rightsnonassessable. Each Warrant not exercised prior to the expiration of the its 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 such Exercise Period. The Exercise Period for the Warrants shall begin at 9:00 a.m., New York City time, on the date of their issuance, and end at 5:00 p.m, New York City time, on April 20, 2006 (five years after the Effective Date).

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.until the expiration of the applicable Exercise Period for the Warrants held, 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 paid and shall not have been issued in violation of or subject to any preemptive rightsnonassessable. Each Warrant not exercised prior to the expiration of the its 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 such Exercise Period. The Exercise Period for the Warrants shall begin at 9:00 a.m., New York City time, on the date of their issuance, and end at 5:00 p.m, New York City time, on April 20, 2006 (five years after the Effective Date).