Exercise Term. The Option shall be exercisable to the extent and in the manner provided in Section 4 for a period of seven years from the Grant Date (the “Exercise Term”); provided that the Option may expire earlier as provided in Section 6.
Exercise Term. The Holders may not exercise their registration rights under Article II after the seven-year anniversary of the closing of the Business Combination.
Exercise Term. Subject to Section 1.4 hereof, UARS’ may not be exercised more than five (5) years after the Date of Grant contained in Section 1.1.
Exercise Term. This Option may not be exercised until six (6) months after the Date of Grant, and will expire and may not be exercised after the earliest of the following:
Exercise Term. Subject to the terms and conditions hereinafter set forth, the Holder shall be entitled to purchase and acquire up to 110 Non-Voting Units (in minimum increments of 5 Non-Voting Units at a time) at any time and from time to time from the date of this Warrant until 5:00 p.m. E.
Exercise Term. This Warrant may be exercised at any time during the Term of this Warrant.
Exercise Term. The Holder may exercise this Warrant, in whole or ------------- in part (but not as to fractional shares), at any time or from time to time during that period (the "Exercise Period") commencing as of the Warrant Effective Date designated on the first page of this Warrant and ending at 5:00 p.m., Pacific Standard Time, on the Warrant Expiration Date designated on the first page of this Warrant. This Warrant shall, to the extent this Warrant is not fully and timely exercised during the Exercise Period, expire and be null and void and of no further force or effect.
Exercise Term. The Options may be exercised at any time commencing upon the Registration Statement for the IPO's becoming effective (the "Effective Date") until the fifth anniversary of the Effective Date at which anniversary the Options shall terminate (the "Term"); notwithstanding the foregoing, the Options shall be subject to earlier termination as provided below. An Option shall terminate prior to the expiration of the Term upon termination of such Grantee's employment pursuant to the terms of the Employment Agreement between the respective Grantee and Catalina of even date herewith.
Exercise Term. Subject to Section 1.4 hereof, UARS’ may not be exercised more than five (5) years after the Date of Grant contained in Section 1.1, provided that if the UARS have not fully vested at the end of such five (5) year period, the five (5) year period shall automatically be extended for an additional two (2) years.
Exercise Term. The Holder, or its permitted successors and assigns, is entitled to purchase from the Company, subject to the terms and conditions hereinafter set forth, fully paid and non-assessable shares of Common Stock ("Stock") which represents that number of shares determined by dividing (X) the sum of (a) $1,204,562.89, (b) the principal amount of any notes issued to evidence the balance owed by the Company to the Holder for legal services and disbursements in connection with the appeal by the Company of decisions by the U.S. Bankruptcy Court in connection with claims asserted by Dxxxx Xxxxxxx and National Datacast, Inc., and (c) any interest accrued on such obligations, to the extent any such obligations remain unpaid, prior to the Expiration Date (the sum of (a), (b) and (c) being herein sometimes referred to as the "Aggregate Indebtedness") by (Y) the Warrant Price. Upon consummation of the contemplated merger of the Company with and into TWIN Entertainment, Inc. ("TWIN"), whose name will be changed to Two Way TV (U.S.), Inc. ("TWTVUS") as a result of the merger, this Warrant will entitle the holder to purchase fully paid and non-assessable shares of Common Stock of TWTVUS, calculated as aforesaid, subject to Section 5 hereof.
