Common use of Duration and Exercise of Warrant Clause in Contracts

Duration and Exercise of Warrant. (a) The rights represented by this Warrant may be exercised by the Warrantholder of record, in whole, or from time to time in part by the (a) surrender of this Warrant, accompanied by the Exercise Form annexed hereto (the "Exercise Form") duly executed by the Warrantholder of record and specifying the number of Warrant Shares to be purchased, to the Corporation at the office of the Corporation located at 0000 Xxxxxxx Xxxxxxxxx, Xxxxx 000, Xx Xxxx, Xxxxxxxxxx 00000 (or such other office or agency of the Corporation as it may designate by notice to the Warrantholder at the address of such Warrantholder appearing on the books of the Corporation) during normal business hours on any day (a "Business Day") other than a Saturday, Sunday or a day on which national banks are authorized to close in the City of Los Angeles, State of California or on which the Corporation is otherwise closed for business (a "Nonbusiness Day") on or after 9:00 A.M., Los Angeles time, on any Exercise Commencement Date but not later than the close of business on the Expiration Date (or the close of business on the next succeeding Business Day, if the Expiration Date is a Nonbusiness Day), and (b) delivery of payment to the Corporation, for the account of the Corporation, by cash, by certified or bank cashier's check or by wire transfer, of the Exercise Price for the number of Warrant Shares specified in the Exercise Form in lawful money of the United States of America. The Corporation agrees that such Warrant Shares shall be deemed to be issued to the Warrantholder as the record holder of such Warrant Shares as of the close of business on the date on which this Warrant shall have been surrendered and payment made for the Warrant Shares as aforesaid. Certificates for the Warrant Shares specified in the Exercise Form shall be delivered to the Warrantholder as promptly as practicable, and in any event within ten (10) Business Days, thereafter. The certificate or certificates so delivered shall be issued in the name of the Warrantholder or, if permitted by subsection 2.5 and in accordance with the provisions thereof, such other name as shall be designated in the Exercise Form, subject to subsection 2.4, and shall be subject to the restrictions on transfer and bear the legend specified in subsection 2.5. If this Warrant shall have been exercised only in part, the Corporation shall, at the time of delivery of the certificate or certificates for the Warrant Shares, deliver to the Warrantholder a new Warrant evidencing the rights to purchase the remaining Warrant Shares, which new Warrant shall in all other respects be identical with this Warrant. If this Warrant is not exercised prior to the close of business on the Expiration Date (or the next succeeding Business Day, if the Expiration Date is a Nonbusiness Day), this Warrant shall cease to be exercisable and shall become void and all rights of the Warrantholder hereunder shall cease. No adjustments or payments shall be made on or in respect of Warrant Shares issuable on the exercise of this Warrant for any cash distributions paid or payable to holders of record of shares of Common Stock prior to the date as of which the Warrantholder shall be deemed to be the record holder of such Warrant Shares.

Duration and Exercise of Warrant. (a) The rights represented by this Warrant may be exercised by the Warrantholder of record, in whole, or from time to time in part (but covering at least the greater of 1,000 shares or the remaining unexercised portion of this Warrant), by the (a) surrender of this Warrant, accompanied by the Exercise Form annexed hereto (the "Exercise Form") duly executed by the Warrantholder of record and specifying the number of Warrant Shares to be purchased, to the Corporation Company at the office of the Corporation Company located at 0000 Xxxxxxx 1000 Xxxxxxxxx, Xxxxx 0000000, Xx XxxxXxxxxxx, Xxxxxxxxxx Xxxxx 00000 (or such other office or agency of the Corporation as it may designate by notice to the Warrantholder at the address of such Warrantholder appearing on the books of the CorporationCompany) during normal business hours on any day (a "Business Day") other than a Saturday, Sunday or a day on which national banks are authorized to close in the City of Los Angeles, State of California or on which the Corporation Company is otherwise closed for business (a "Nonbusiness Day") on or after 9:00 A.M.a.m., Los Angeles timeHouston, Texas time on any the Initial Exercise Commencement Date but not later than the close of business 5:00 p.m. on the Expiration Date (or the close of business 5:00 p.m. on the next succeeding Business Day, if the Expiration Date is a Nonbusiness Day), and (b) delivery of payment to the Corporation, for the account of the Corporation, by cash, by certified or bank cashier's check or by wire transfer, Company of the Exercise Price for the number of Warrant Shares specified in the Exercise Form Form, payable in lawful money cash or certified bank check, and such documentation as to the identity and authority of the United States of AmericaWarrantholder as the Company may reasonably request. The Corporation agrees that such Such Warrant Shares shall be deemed by the Company to be issued to the Warrantholder as that is the record holder of such Warrant Shares as of the close of business on the date on which this Warrant shall have been surrendered and payment made for the Warrant Shares as aforesaid. Certificates for the Warrant Shares specified in the Exercise Form shall be delivered to the Warrantholder as promptly as practicable, and in any event within ten (10) Business Days5 business days, thereafter. The certificate or certificates so delivered shall be issued in the name stock certifi of the Warrantholder or, if permitted by subsection 2.5 1.4 and in accordance with the provisions thereof, such other name as shall be designated in the Exercise Form, subject to subsection 2.4, and shall be subject to the restrictions on transfer and bear the legend specified in subsection 2.5. If this Warrant shall have been exercised only in part, the Corporation Company shall, at the time of delivery of the certificate or certificates for the Warrant Shares, deliver to the Warrantholder a new Warrant evidencing the rights to purchase the remaining Warrant Shares, which new Warrant shall in all other respects be identical with this Warrant. If this Warrant is not exercised prior to the close of business on the Expiration Date (or the next succeeding Business Day, if the Expiration Date is a Nonbusiness Day), this Warrant shall cease to be exercisable and shall become void and all rights of the Warrantholder hereunder shall cease. No adjustments or payments shall be made on or in respect of Warrant Shares issuable on the exercise of this Warrant for any cash distributions dividends paid or payable to holders of record of shares of Common Stock prior to the date as of which the Warrantholder shall be deemed to be the record holder of such Warrant Shares.

Duration and Exercise of Warrant. (a) The rights represented by this Warrant may be exercised by the Warrantholder of record, in whole, or from time to time in part (but covering at least the lesser of 1,000 shares or the remaining unexercised portion of this Warrant), by the (a) surrender of this Warrant, accompanied by the Exercise Form annexed hereto (the "Exercise Form") duly executed by the Warrantholder of record and specifying the number of Warrant Shares to be purchased, to the Corporation Company at the office of the Corporation Company located at 0000 Xxxxxxx Xxxxxxxxx2078 Prospector Avenue Park City, Xxxxx 000, Xx Xxxx, Xxxxxxxxxx 00000 Utah 84060 (or such other office or agency of the Corporation Company as it may designate by notice to the Warrantholder at the address of such Warrantholder Warranxxxxxxx xx xxx xxxxxxx xx xxxx Xxxxxxxxxxxxx appearing on the books of the CorporationCompany) during normal business hours on any day (a "Business Day") other than a Saturday, Sunday or a day on which national banks are authorized to close in the City of Los Angeles, State of California or on which the Corporation Company is otherwise closed for business (a "Nonbusiness Day") on or after 9:00 A.M.a.m. Houston, Los Angeles time, Texas time on any the Initial Exercise Commencement Date but not later than the close of business 5:00 p.m. on the Expiration Date (or the close of business 5:00 p.m. on the next succeeding Business Day, if the Expiration Date is a Nonbusiness Day), and (b) delivery of payment to the Corporation, for the account of the Corporation, by cash, Company in cash or by certified or bank cashier's check or by wire transfer, of the Exercise Price for the number of Warrant Shares specified in the Exercise Form in lawful money and such documentation as to the identity and authority of the United States of AmericaWarrantholder as the Company may reasonably request. The Corporation agrees that such Such Warrant Shares shall be deemed by the Company to be issued to the Warrantholder as which is the record holder of such Warrant Shares as of the close of business on the date on which this Warrant shall have been surrendered and payment made for the Warrant Shares as aforesaid. Certificates for the Warrant Shares specified in the Exercise Form shall be delivered to the Warrantholder as promptly as practicable, and in any event within ten (10) Business Days10 business days, thereafter. The certificate or stock certificates so delivered shall be in denominations of at least 1,000 shares each or such other denomination as may be specified by the Warrantholder and agreed upon by the Company, and shall be issued in the name of the Warrantholder or, if permitted by subsection 2.5 1.5 and in accordance with the provisions thereof, such other name as shall be designated in the Exercise Form, subject to subsection 2.4, and shall be subject to the restrictions on transfer and bear the legend specified in subsection 2.5. If this Warrant shall have been exercised only in part, the Corporation Company shall, at the time of delivery of the certificate or certificates for the Warrant Shares, deliver to the Warrantholder a new Warrant evidencing the rights to purchase the remaining Warrant Shares, which new Warrant shall in all other respects be identical with this Warrant. If this Warrant is not exercised prior to the close of business on the Expiration Date (or the next succeeding Business Day, if the Expiration Date is a Nonbusiness Day), this Warrant shall cease to be exercisable and shall become void and all rights of the Warrantholder hereunder shall cease. No adjustments or payments shall be made on or in respect of Warrant Shares issuable on the exercise of this Warrant for any cash distributions dividends paid or payable to holders of record of shares of Common Stock prior to the date as of which the Warrantholder shall be deemed to be the record holder of such Warrant Shares.

Duration and Exercise of Warrant. (a) The rights represented by this Warrant may be exercised at any time after six months from the date of grant by the Warrantholder of record, in whole, whole or from time to time in part by the (a) surrender of this Warrant, accompanied by the Exercise Form annexed hereto (the "Exercise Form") duly executed by the Warrantholder Warrantholder, delivered to the Secretary of record and the Company no fewer than five business days prior to the proposed effective date of exercise, specifying the number of Warrant Shares shares to be purchasedacquired on, and the effective date of, such exercise. The Exercise Form and notice may be delivered to the Corporation at the office of the Corporation Company located at 0000 Xxxxxxx Xxxxxxxxx00000 Xxxxxx Xxxx, Xxxxx 000, Xx XxxxXxxxxxx, Xxxxxxxxxx Xxxxx 00000 (or such other office or agency of the Corporation Company as it may designate by notice to the Warrantholder at the address of such Warrantholder appearing on the books of the CorporationCompany) during normal business hours on any day (a "Business Day") other than a Saturday, Sunday or a day on which national banks are authorized to close in the City of Los Angeles, State of California or on which the Corporation Company is otherwise closed for business (a "Nonbusiness Day") on or after 9:00 A.M.a.m. Houston, Los Angeles time, Texas time on any the Initial Exercise Commencement Date but not later than the close of business 5:00 p.m. on the Expiration Date (or the close of business 5:00 p.m. on the next succeeding Business Day, if the Expiration Date is a Nonbusiness Day), and (b) delivery of payment to the Corporation, for the account of the Corporation, by cashCompany, by certified mail to the attention of the Secretary of the Company, in cash, or by certified check, bank cashier's check check, or by wire transfer, . The Warrantholder may withdraw notice of exercise of the Exercise Price for the number of Warrant Shares specified in the Exercise Form in lawful money of the United States of America. The Corporation agrees that such Warrant Shares shall be deemed at any time prior to be issued to the Warrantholder as the record holder of such Warrant Shares as of the close of business on the date on which business day preceding the proposed exercise date, and in this Warrant shall have been surrendered and payment made for instance, the Warrant Shares as aforesaidCompany will return the Exercise Form to the Warrantholder. Certificates for the Warrant Shares specified in the Exercise Form shall be delivered to the Warrantholder as promptly as practicable, and in any event within ten (10) Business Days10 business days, thereafter. The certificate or stock certificates so delivered shall be in denominations of at least 1,000 shares each or such other denomination as may be specified by the Warrantholder and agreed upon by the Company, and shall be issued in the name of the Warrantholder or, if permitted by subsection 2.5 and in accordance with the provisions thereof, such other name as shall be designated in the Exercise Form, subject to subsection 2.4, and shall be subject to the restrictions on transfer and bear the legend specified in subsection 2.5Warrantholder. If this Warrant shall have been exercised only in part, the Corporation Company shall, at the time of delivery of the certificate or certificates for the Warrant Shares, deliver to the Warrantholder a new Warrant evidencing the rights to purchase the remaining Warrant Shares, which new Warrant shall in all other respects be identical with this Warrant. If this Warrant is not exercised prior to the close of business on the Expiration Date (or the next succeeding Business Day, if the Expiration Date is a Nonbusiness Day), this Warrant shall cease to be exercisable and shall become void and all rights of the Warrantholder hereunder shall cease. No adjustments or payments shall be made on or in respect of Warrant Shares issuable on the exercise of this Warrant for any cash distributions paid or payable to holders of record of shares of Common Stock prior to the date as of which the Warrantholder shall be deemed to be the record holder of such Warrant Shares.