Common use of Call Date Clause in Contracts

Call Date. The Company's right to exercise the Warrant Call shall commence thirty trading days after the actual effective date of the Registration Statement covering the Warrant Stock to be issued upon exercise of the Warrant and end thirty trading days prior to the Expiration Date. The effective date of each Call Notice (the "Call Date") is the date on which notice is effective under the notice provision of Section 10 of this Warrant. A new Call Notice may be given no sooner than fifteen trading days after a prior Call Date.