Duration and Exercise of Warrants Sample Clauses

Duration and Exercise of Warrants. (a) This Warrant shall be exercisable by the registered Holder on any business day before 5:00 P.M. (Pacific Time) at any time and from time to time on or after January 27, 2006 to and including the Expiration Date. At 5:00 P.M. (Pacific Time) on the Expiration Date, the portion of this Warrant not exercised prior thereto shall expire and become void and of no value. Prior to the Expiration Date, the Company may not call or otherwise redeem this Warrant. (b) Subject to Section 10, upon delivery of an executed Form of Election to Purchase, together with the grid attached hereto as Annex A duly completed and signed, to the Company at its address for notice set forth in Section 12 and upon payment of the Exercise Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder, in the manner provided hereunder, all as specified by the Holder in the Form of Election to Purchase, the Company shall promptly (but in no event later than 5 business days after the Date of Exercise (as defined herein)) issue or cause to be issued and cause to be delivered to or upon the written order of the Holder and in such name or names as the Holder may designate, a certificate for the Warrant Shares issuable upon such exercise, which may bear a restrictive legend as set forth in Section 7. To effect an exercise hereunder, the Holder shall not be required to physically surrender this Warrant to the Company unless all the Warrant Shares have been exercised. Exercises hereunder shall have the effect of lowering the number of Warrant Shares in an amount equal to the applicable exercise, which shall be evidenced by entries set forth on the attached Annex A. The Holder and the Company shall maintain records showing the number of Warrant Shares exercised and the date of such exercises. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following exercise of a portion of this Warrant, the number of shares issuable upon exercise of this Warrant may be less than the amount stated on the face hereof.

Duration and Exercise of Warrants. (a) This Warrant shall be exercisable by the registered Holder on any business day before 5:30 P.M., New York City time, at any time and from time to time on or after the date hereof to and including the Expiration Date. At 5:30 P.M., New York City time on the Expiration Date, the portion of this Warrant not exercised prior thereto shall be and become void and of no value. This Warrant may not be redeemed by the Company. (b) Subject to Sections 2(b), 6 and 11, upon surrender of this Warrant, with the Form of Election to Purchase attached hereto duly completed and signed, to the Company at its address for notice set forth in Section 11 and upon payment of the Exercise Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder, in lawful money of the United States of America, in cash or by certified or official bank check or checks, all as specified by the Holder in the Form of Election to Purchase, the Company shall promptly (but in no event later than 3 business days after the Date of Exercise (as defined herein)) issue or cause to be issued and cause to be delivered to or upon the written order of the Holder and in such name or names as the Holder may designate, a certificate for the Warrant Shares issuable upon such exercise, free of restrictive legends other than as required by the Purchase Agreement of even date herewith between the Holder and the Company. Any person so designated by the Holder to receive Warrant Shares shall be deemed to have become holder of record of such Warrant Shares as of the Date of Exercise of this Warrant.

Duration and Exercise of Warrants. All terms with respect to duration and exercise of Warrants will be established pursuant to Section 1.03 for each series of Warrants.

Duration and Exercise of Warrants. (a) This Warrant shall be exercisable by the registered Holder on any business day before 5:30 P.M., New York time, at any time and from time to time on or after the 90th day following the date hereof to and including the Expiration Date. At 5:30 P.M., New York time on the Expiration Date, the portion of this Warrant not exercised prior thereto shall be and become void and of no value. (b) Upon surrender of this Warrant, with the Form of Election to Purchase attached hereto duly completed and signed, to the Company at its office at 451 Xxxxxxxx Xxxxx, Xx. Xxxxxxxx, Xxxxxxxx 00000, Xxtention: Chief Financial Officer, or at such other address as the Company may specify in writing to the then registered Holder, and upon payment of the Exercise Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder, in lawful money of the United States of America, in cash or by certified or official bank check or checks or wire transfer of immediately available funds, all as specified by the Holder in the Form of Election to Purchase, the Company shall promptly (but in no event later than three (3) trading days after the Date of Exercise (as defined herein)) issue or cause to be issued and cause to be delivered to or upon the written order of the Holder and in such name or names as the Holder may designate, a certificate for the Warrant Shares issuable upon such exercise, free of restrictive legends other than as required by the Securities Purchase Agreement, dated as of May 15, 1998, between the Company and the Purchasers listed therein, including the initial Holder of this Warrant (the "Purchase Agreement"). Any person so designated by the Holder to receive Warrant Shares shall be deemed to have become holder of record of such Warrant Shares as of the Date of Exercise of this Warrant.

Duration and Exercise of Warrants. Section 2.01.

Duration and Exercise of Warrants. Warrants evidenced by a Warrant Certificate shall be exercisable in whole or in part by the registered holder thereof on any Business Day after the Distribution Date and on or before 5:00 PM, New York City time, on the Expiration Date. b Upon presentation to the Corporation at the Warrant Office of the Warrant Certificate evidencing the Warrants to be exercised, with the form of election to purchase attached thereto duly completed, signed by the Warrant Holder, and upon payment of an amount equal to the product of: i0 the Exercise Price per Share; and ii0 the number of Warrant Shares being purchased, in lawful money of the United States of America, the Corporation shall issue and cause to be delivered to or upon the written order of the registered holders of such Warrants and in such name or names as such registered holder may designate, a certificate for the Warrant Share or Warrant Shares issued upon such exercise of the Warrants being exercised. Any Persons so designated to be named therein shall be deemed to have become Warrant Holders of record of such Warrant Share or Warrant Shares as of the date of exercise of such Warrants. Any Persons so designated to be named therein shall be deemed to have become holders of record of such Warrant Share or Warrant Shares as of the date of exercise of such Warrants.

Duration and Exercise of Warrants. (a) The initial purchase price for the Initial Warrant Shares, commencing as of the date hereof, shall be $4.25 per share of Common Stock, which purchase price shall hereafter be subject to adjustment as provided in Section 3 hereof. Except as the context otherwise requires, the term "Purchase Price" as used in this Warrant Agreement shall mean the Purchase Price per share of Common Stock then in effect as of the relevant date and shall reflect all adjustments made in accordance with the provisions of Section 3 hereof. "Aggregate Purchase Price" means the aggregate purchase price payable for the shares of Common Stock purchasable under this Warrant Agreement.

Duration and Exercise of Warrants. Section 6 of the Warrant Agreement is hereby amended to delete subsections (e) and (f) thereof in their entirety and to substitute therefor new subsections (e) and (f) to read as follows:

Duration and Exercise of Warrants. SECTION 2.01. Duration of Warrants; Minimum Exercise Amounts; Exercise Notice................. 9 SECTION 2.02. Exercise, Valuation and Delivery of Warrants.......................................... 11

Duration and Exercise of Warrants. (a) The Warrants may be exercised at any time on or after the date of their issuance and, subject to earlier expiration pursuant to Section 10, will expire at 5:00 p.m., New York time, on the fifth anniversary of the date hereof (the "Expiration Date"). Upon the Expiration Date, all rights evidenced by the Warrants shall terminate and the Warrants shall become void. (b) Subject to the provisions of this Agreement, the registered holder of each Warrant shall have the right to purchase from the Company (and the Company shall issue and sell to such registered holder) one fully paid and nonassessable Warrant Share (or such number of Warrant Shares as may result from adjustments made from time to time as provided in this Agreement), at the exercise price per Warrant Share in lawful money of the United States of America (such exercise price per Warrant Share, as adjusted from time to time as provided herein, being referred to herein as the "Exercise Price"), upon (i) surrender of the Warrant Certificates to the Company, and (ii) payment, in lawful money of the United States of America, of the Exercise Price for the Warrant Share or Warrant Shares in respect of which such Warrant is then exercised. The Warrants may be exercised for all or some of the Warrant Shares. The number of shares for which the warrants will be exercisable in the aggregate will be equal to $200,000 divided by the "Normalized Share Price" defined below. The Exercise Price will be initially set equal to the Normalized Share Price. The Normalized Share Price will be set equal to the average closing price of the common stock for the 45 trading days commencing 45 calendar days following the Effective Date of the Reorganization Plan. The Exercise Price payable upon exercise of Warrants may at the option of the holder be paid in cash, certified check or money order payable to the order of the Company. Except as provided in Section 8 hereof, no adjustment shall be made for any dividends on any share of Common Stock issuable upon exercise of a Warrant. Upon surrender of a Warrant Certificate, and payment of the Exercise Price, the Company shall issue and cause to be delivered with all reasonable dispatch to or upon the written order of the registered holder of such Warrant and in such name or names and in such per share amounts as such registered holder may reasonably designate, a certificate or certificates for the number of Warrant Shares so purchased upon the exercise of such Warrant, together wi...