Common use of Call Conditions Clause in Contracts

Call Conditions. Notwithstanding anything herein to the contrary, at any time after six (6) months from the date of issuance of this Warrant, the Company may call for cancellation this Warrant, subject to the limitations discussed in Section 5(b), if the VWAP equals or exceeds three times the Exercise Price for either (i) ten (10) consecutive Trading Days or (ii) fifteen (15) out of twenty-five (25) consecutive Trading Days.

Appears in 2 contracts

Sources: Common Stock Purchase Warrant (Pressure Biosciences Inc), Common Stock Purchase Warrant (Pressure Biosciences Inc)

Call Conditions. Notwithstanding anything herein to the contrary, at any time Anytime after six (6) months from following the date of issuance of this WarrantIssue Date, the Company may call for cancellation this Warrant, subject to the limitations discussed in Section 5(b), Warrant if the VWAP equals or exceeds three times (3x) the Exercise Price for either (i) ten (10) consecutive Trading Days or (ii) fifteen (15) out of twenty-five (25) consecutive Trading Days.

Appears in 1 contract

Sources: Common Stock Purchase Warrant (Pressure Biosciences Inc)