Common use of Call Option Closing Clause in Contracts

Call Option Closing. The closing for the purchase and sale of all of the C Warrants and Warrant Shares issued upon any previous exercise of the C Warrants will take place at the office of the Company, on the date specified in such notice of exercise (the "Call Option Closing"). At the Call Option Closing, the Holders of the C Warrants will deliver the C Warrants and the certificate or certificates representing the Warrant Shares issued upon any previous exercise of C Warrants, duly endorsed in blank. In consideration therefor, the Company will deliver to each Holder the purchase price, which will be payable in immediately available funds.