Forced Exercise. Section 2(g) of the Warrant is hereby deleted in its entirety and the following language shall replace said Section 2(g):

Forced Exercise. Provided that the shares issuable upon exercise this Warrant are registered pursuant to an effective registration statement, the Company at its option shall have the right at any time commencing on the date hereof if the Company’s Closing Bid Price as quoted by Bloomberg, LP is equal to or greater than Fourteen Cents ($0.14) for ten (10) consecutive Trading Days, to on such tenth (10th) day provide written notice to the Holder (the “Forced Exercise Notice”) providing the Holder twenty (20) calendar days from the day following receipt of the Forced Exercise Notice, to exercise this Warrant in whole at the then applicable Exercise Price (“Forced Exercise Period”). Provided however in the event that the Closing Bid Price of the Company’s Common Stock during the Forced Exercise Period is equal to or lower than the applicable Warrant Exercise Price the Holder shall not be forced to exercise this Warrant, in whole or in part, as provided for herein. C. The following language shall be inserted as Section 2(h):

Forced Exercise has the meaning assigned to such term in Section 1(d) of the Equity Commitment Document described in clause (b) of such definition.

Examples of Forced Exercise in a sentence

The Company may only deliver one Forced Exercise Notice in any given twenty (20) Trading Day period.
For purposes of Section 1(a) hereof, “Forced Exercise Notice” shall be deemed to replace “Exercise Notice” for all purposes thereunder as if the Holder delivered an Exercise Notice to the Company on the Forced Exercise Notice Date, mutatis mutandis.
For purposes of Section 2(a) hereof, “Forced Exercise Notice” shall be deemed to replace “Exercise Notice” for all purposes thereunder as if the Holder delivered an Exercise Notice to the Company on the Forced Exercise Notice Date, mutatis mutandis.
The Company may exercise its right to require a Forced Exercise under this Section 5 on the Trading Day immediately following any Forced Exercise Measuring Period by delivering a written notice thereof, by electronic mail to all, but not less than all, of the holders of the Registered Warrants (each, a “Forced Exercise Notice”, and the date thereof, each a “Forced Exercise Notice Date”).
If the Company elects to cause a Forced Exercise of this Warrant pursuant to this Section 5, then it must simultaneously take the same action in the same proportion with respect to all of the Registered Warrants .

More Definitions of Forced Exercise

Forced Exercise. The Company can require holders of Warrants to exercise their Warrants within 30 days of receiving notice from the Company (or forfeit such Warrants) when the price of the Company’s common stock closes at six (6) times the Per Unit Price per share or greater for 20 consecutive trading days subsequent to the effectiveness of the registration statement pertaining to the resale of the Common Stock underlying the Warrants; provided that the registration statement described below shall be effective at all times during such 30-day notice period.

Forced Exercise means any exercise of this Warrant following the occurrence of the event set forth subsection 2.1(c).

Forced Exercise is defined as an exercise which either:

Forced Exercise. The Company can require holders of Warrants to exercise their Warrants upon 30 days prior notice (or forfeit such Warrants) when the price of the Company’s common stock closes at $3.40 per share or greater for 20 consecutive trading days subsequent to the effectiveness of the registration statement pertaining to the resale of the Common Stock underlying the Securities; provided that the registration statement described below shall be effective at all times during such 30-day notice period. The payment of the exercise price under a Forced Exercise may be made in cash, check, wire transfer or by cashless exercise pursuant to paragragh 1(a) of the Common Stock Purchase Warrant.

Forced Exercise. Breakthrough will have the right to require the Warrant holder to exercise the Warrant if the common stock is quoted on the NASDAQ Capital market and, for a period of 20 consecutive trading days, the closing bid price of the common stock has been above $1.50 per share and the daily trading volume has been at least 200,000 shares, in each case on each of the 20 consecutive trading days.

Forced Exercise means that if at any time following the Closing Day the volume weighted average trading price of the Common Shares on the Exchange exceeds $0.70 per Common Share for a period of 20 consecutive trading days (whether or not a trade occurs on one or more of such days), then, subject to the Issuer notifying the holders of Warrants of early expiry within five days of such an event, the exercise period of such Warrants will be shortened to a period of 30 days following the date of such notice of early expiry;

Forced Exercise means, as applicable, a Forced Installment Exercise or Forced Full Exercise.