Common use of Warrant Term Clause in Contracts

Warrant Term. The Warrant and the right to purchase the Common Shares as granted herein shall be exercisable at any time from August 30, 2013 through the fifth anniversary thereof (the “Warrant Term”). If the Warrant is not exercised by Holder within the Warrant Term, then (a) Issuer shall be deemed to have given a Call Notice under Section 7.02 hereof; (b) the Warrant shall immediately terminate as to further exercises under Section 4; and (c) Holder thereafter shall have the right to receive the Redemption Price for the Warrant in accordance with Section 7.02.

Appears in 2 contracts

Samples: Warrant Agreement (EquiTrust USA), Warrant Agreement (EquiTrust USA)

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Warrant Term. The Warrant and the right to purchase the Common Shares as granted herein shall be exercisable at any time from August 30, 2013 through the fifth anniversary thereof (the “Warrant Term”). If the Warrant is not exercised by Holder within the Warrant Term, then (a) Issuer shall be deemed to have given a Call Notice under Section 7.02 hereof; (b) the Warrant shall immediately terminate as to further exercises under Section 4; and (c) Holder thereafter shall have the right to receive the Redemption Price for the Warrant in accordance with Section 7.02.

Appears in 1 contract

Samples: Warrant Agreement (EquiTrust USA)

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Warrant Term. The Warrant and the right to purchase the Common Shares as granted herein shall be exercisable at any time from August 3023, 2013 through the fifth anniversary thereof (the “Warrant Term”). If the Warrant is not exercised by Holder within the Warrant Term, then (a) Issuer shall be deemed to have given a Call Notice under Section 7.02 hereof; (b) the Warrant shall immediately terminate as to further exercises under Section 4; and (c) Holder thereafter shall have the right to receive the Redemption Price for the Warrant in accordance with Section 7.02.

Appears in 1 contract

Samples: Warrant Agreement (EquiTrust USA)

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