Terms of Warrant. This Warrant shall entitle the Holder to purchase that number of shares of Common Stock equal to the principal amount of the Note multiplied by the applicable Warrant Coverage Multiplier (as defined below).
(1) For purposes of this Warrant, the “Warrant Coverage Multiplier” shall be 0.50.
(2) The initial Exercise Price shall be $1.00 per share, subject to adjustment as provided herein (or deemed per share purchase price) of Common Stock.
Terms of Warrant. (a) Pursuant to Section 1 and Section 2 hereof, each Purchaser shall be issued a Warrant to purchase a number of shares of Common Stock set forth in Exhibit A opposite such Purchaser’s name, which number is equal to the number found by multiplying half the number of Shares purchased by such Purchaser times the Conversion Ratio. Subject to the terms of this Agreement and the Warrant, each Warrant may be exercised, at any time and from time to time after March 30, 2006, in whole or in part, at the option of the Warrant Holder, until 5:00 p.m. Central Time, on March 30, 2011 (the “Warrant Expiration Date”), at a price per share of Common Stock issuable thereunder equal to $.62 (sixty-two cents), as adjusted in accordance with the terms of this Section 7.8.
(b) Each Warrant shall be exercised, in whole or in part, by the Warrant Holder surrendering the Warrant with the form of election to purchase attached thereto duly executed by such Warrant Holder, to the Company at its principal office, accompanied by payment, by wire transfer or by certified or cashier’s check, of the purchase price payable in respect of the Common Stock issuable upon exercise of the Warrant. Within three (3) business days after such exercise, the Company will cause to be issued in the name of and delivered to the Warrant Holder, or as the Warrant Holder may otherwise direct, a certificate or certificates representing the shares of Common Stock purchased upon such exercise, and, unless the Warrant has been fully exercised or expired, the Company shall issue a new Warrant of like tenor granting the Warrant Holder (or such other Person as the Warrant Holder may direct) the right to purchase the number of shares of Common Stock allocable to the portion of the Warrant not so exercised.
(c) At its option, prior to the Warrant Expiration Date, the Warrant Holder may, at any time and from time to time, exchange all or a portion of its Warrant pursuant to this Section 7.8, without payment by the Warrant Holder of any cash or other consideration as exercise price, for Common Stock by delivering to the Company the Warrant accompanied by a written notice from the Warrant Holder of the number of shares of Common Stock allocable to the portion of the Warrant that it desires to exchange (the “Exchange Shares”). The number of shares of Common Stock to be received by the Warrant Holder (or such other Person as the Warrant Holder may direct) upon the exchange shall be equal to the quotient obtained by div...
Terms of Warrant. Except as expressly modified hereby, all terms, conditions and provisions of each Warrant shall continue in full force and effect.
Terms of Warrant. Except as set forth herein, all the terms and conditions of the Warrant shall remain in full force and effect.
Terms of Warrant. Except as explicitly amended or modified hereunder, the terms of the Warrant shall remain in full force and effect.
Terms of Warrant. Subject to the terms and conditions of this Agreement, the Warrantholder shall have the right and option to purchase from SGI the number of validly issued, fully paid and nonassessable Shares set forth on Exhibit A attached hereto which such Warrantholder may at that time be entitled to purchase on exercise of the Warrant. The Warrant may be exercised in whole at any time or in part from time to time on or after the date of the consummation of the amalgamation (the "Subsidiary Amalgamation") of SGI Holding Corporation Limited, a Bermuda exempted company, and Interactive Entertainment Limited, a Bermuda exempted company (the "Commencement Date"). The right to exercise such Warrant shall terminate without further notice at 5:00 p.m. Memphis time on the ninetieth (90th) day after the Commencement Date (the "Termination Date"). Closing of such exercise shall be subject to satisfaction of the conditions set forth in Section 3.3 hereof.
Terms of Warrant. (a) Each Warrant will entitle the holder to purchase one share of Common Stock at an exercise price of $.50. The Warrants will be exercisable at any time for three years after the Effective Date, unless earlier redeemed. The Warrants will be issued in unregistered form.
(b) The Warrant Shares, when issued upon exercise of a Warrant, will be fully paid and non-assessable, and the Warrant Shares will be registered in the Registration Statement mentioned elsewhere in this agreement. Company will pay any transfer tax incurred as a result of the issuance of Common Stock to the holder upon its exercise.
Terms of Warrant. The terms and conditions of the Warrant are set forth in the Warrant attached hereto as Exhibit 1, and incorporated herein by this reference.
Terms of Warrant. The other terms and conditions of the Warrants are set forth in the form of Warrant attached hereto as Exhibit C hereto.
Terms of Warrant exercise price of C$0.60 and a term of 3 years; and
