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 commencing on the Effective Registration Date and terminating at 5:00 PM. Los Angeles time 15 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, which may be exercised commencing on the Effective Registration Date and terminating at 5:00 PM. Los Angeles time 15 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 rightright until 5:00 P.M., which may be exercised commencing on the Effective Registration Date and terminating at 5:00 PM. Los Angeles time 15 months thereaftertime, on June 18, 2004 (the "Expiration Date"), to purchase from the Company the number of fully paid and nonassessable shares Warrant Shares which the Holder may at the time be entitled to purchase on exercise of such Warrants.