Warrant Call. The Company may call the Warrant at any time after the closing bid price for the common stock of the Company has been at or above $0.60 per share for five (5) consecutive trading days, regardless of whether an SB-2 Registration Statement has been filed or declared effective by the U.S. Securities and Exchange Commission (the "SEC").
Warrant Call. (a) If at any time the current market value of a share of Common Stock (determined in accordance with Section 11 hereof) equals or exceeds three times the Exercise Price then in effect for a period of 20 consecutive trading days then, at any time during the five trading day period following the last day of such 20 day period the Company may, at its option, accelerate the expiration of the Warrants to a date not less than 30 days from the date written notice thereof (the "Call Notice") is sent to the Registered Holders of the Warrants provided (i) a registration statement covering the Warrant Shares filed under the Act has been declared effective and remains effective on the date fixed for expiration of the Warrants (the "Call Date"), (ii) the Warrants and Warrant Shares are not subject to a lock-up agreement and (iii) on each day during such 20 consecutive day trading period the Common Stock was traded on a national securities exchange, included for quotation on the Nasdaq SmallCap Market or National Market System or reported by the NASD Over the Counter Bulletin Board.
Warrant Call. At any time after the closing bid of the Common Stock exceeds Four Dollars ($4.00) per share for ten (10) consecutive trading days or more, the Company may require the Holder to exercise all or any portion of this Warrant within seventy-two (72) hours of the Company providing written notice to the Holder of the Company's intention to call the Warrant. In the event this Warrant has not been exercised by written notice within such seventy-two (72) hour notice period, this Warrant will terminate as of such date and be cancelled and may not be exercised thereafter.
Warrant Call. (a) The Company hereby grants to the Warrant Holder, subject to the terms set forth herein, the right to purchase at any time during the term commencing on the date hereof and ending at 5:30 p.m., New York time, on the third (3rd) anniversary of the date hereof (the “Expiration Date”) __________ shares of Common Stock (the “Shares”), at an initial exercise price of US $3.00 per share, subject to adjustment as provided in Section 3 hereof (as in effect from time to time, the “Exercise Price”).
Warrant Call. Except as provided in this Section 9, commencing on ------------ November 8, 2001, the Company shall have the right, at any time or from time to time, at the Company's option, upon written notice to the Holder (the "Call Notice"), to call this Warrant if the Market Price of the Common Stock is equal to or greater than $6.44 per share for 20 consecutive Trading Days prior to the date the Company calls the Warrant. To be effective, the Call Notice must be given within ten days after the aforementioned 20 day period. The Company shall specify a "Call Date", the date all rights and privileges granted pursuant to this Warrant shall terminate, in its Call Notice, which shall be no less than 30 business days from the date of receipt by the Holder of the Call Notice. In the event that this Warrant has not been exercised in full by the Holder by 5:00 p.m. New York time on the Call Date, this Warrant shall expire and no rights or privileges shall exist hereunder, and the Company will remit to the Holder $0.01 per Warrant Share subject to this Warrant as of the Call Date.
Warrant Call. If at any time the Per Share Market Value of the Common Stock for the prior twenty (20) Trading Days equals or exceeds $3.25 per share and provided that the shares of Warrant Stock issuable upon exercise of this Warrant are registered under an effective registration statement, then the Company, at its option, may send written notice to the Holders requiring the Holders to exercise the Warrants within ten (10) business days (the "Exercise Notice") thereafter. The Exercise Notice shall state the Per Share Market Value for each of the twenty (20) Trading Days prior to the date of the Exercise Notice and shall notify the Holder that Warrants will terminate unless exercised within such ten (10) business day period.
Warrant Call. At any time after the Registration Statement is declared effective, the Issuer, at its option, may call all or a portion of this Warrant by providing the Holder of this Warrant ten (10) days prior written notice pursuant to Section 13 (the "Call Notice"); provided, however, that prior to the ninetieth (90th) day after the Effectiveness Date the Issuer may not provide Call Notices to holders of any Warrants for more than in the aggregate 1,000,000 shares of Warrant Stock. The Call Notice shall set forth a minimum Warrant Price (the "Minimum Warrant Price") below which the Holder may not purchase the shares of Warrant Stock subject to the Call Notice (the "Minimum Warrant Price Restriction"). The Holder shall have the option to exercise this Warrant within ten (10) days after receipt of the Call Notice at a Warrant Price per share equal to 93% of the VWAP for the five (5) Trading Days following the date of issuance of the Call Notice, provided, such Warrant Price as adjusted herein is equal to or greater than the Minimum Warrant Price. The rights and privileges granted pursuant to this Warrant with respect to such shares of Warrant Stock subject to the Call Notice shall terminate ten (10) days after the Call Notice is received by the Holder if this Warrant is not exercised (other than due to the Minimum Warrant Price Restriction) with respect to such shares of Warrant Stock by the Holder during such ten (10) day period. In the event this Warrant is not exercised with respect to such shares of Warrant Stock subject to the Call Notice, the Holder will surrender to the Issuer the unexercised Warrant certificate and the Issuer will remit to the Holder (i) $.01 for each share of Warrant Stock subject to the Call Notice and (ii) a new Warrant representing the number of shares of Warrant Stock, if any, which shall not have been subject to the Call Notice.
Warrant Call. (a) The Company hereby grants to the Warrant Holder, subject to the terms set forth herein, the right to purchase at any time during the term commencing on the date that the Company has amended its certificate of incorporation to increase its authorized capital to permit the exercise of all of the Warrants (the “Commencement Date”) and ending at 5:30 p.m., New York time, on the second (2nd) anniversary of the Commencement Date hereof (the “Expiration Date”) __________ shares of Common Stock (the “Shares”), at an initial exercise price of US $0.85 per share, subject to adjustment as provided in Section 3 hereof (as in effect from time to time, the “Exercise Price”).
Warrant Call. At any time or from time to time after the Registration Statement (as defined in Section 8(b) hereof) has been declared effective, the Company, at its option, may, upon written notice to the Holder (the "Call Notice"), call up to fifty percent (50%) of this Warrant if the Common Stock trades at a price equal to or greater than $3.00 per share for ten (10) consecutive trading days prior to the date the Company calls the Warrant. To be effective, the Call Notice must be given within ten (10) days after the aforementioned ten (10) day period. The rights and privileges granted pursuant to this Warrant with respect to such Warrant Shares subject to the Call Notice shall terminate if this Warrant is not exercised with respect to such Warrant Shares by the Holder within ten (10) days after the Call Notice is received by the Holder. In the event that this Warrant is not exercised by the Holder with respect to the Warrant Shares subject to the Call Notice, this Warrant shall expire at 5:00 p.m. eastern time on the call date and the Company will remit to the Holder $0.01 per Warrant Share and a new Warrant certificate representing the number of Warrant Shares, if any, with respect to which this Warrant has not been exercised or subject to a Call Notice upon such Holder tendering to the Company the expired Warrant certificate.
Warrant Call. At any time after the Registration Statement is declared effective, the Company, at its option, may, upon written notice to the Holder (the "Call Notice"), call (x) up to fifty (50%) percent of this Warrant at a price per Warrant Share equal to the Exercise Price if the Common Stock of the Company trades at a price equal to or greater than two hundred (200%) percent of the Closing Price for twenty (20) consecutive trading days prior to the date the Company calls the Warrant and (y) up to fifty (50%) percent of this Warrant at a price per Warrant Share equal to the Exercise Price if the Common Stock of the Company trades at a price equal to or greater than two hundred fifty (250%) percent of the Closing Price for twenty (20) consecutive trading days prior to the date the Company calls the Warrant. To be effective, the Call Notice must be given within three (3) days after the aforementioned twenty (20) day
