Common use of Cashless Exercise/Conversion Clause in Contracts

Cashless Exercise/Conversion. Subject to all of the terms and conditions hereof, the Holder shall have the right to convert this Warrant, in whole or in part, with respect to any Warrant Shares, at any time and from time to time during the period commencing on the Initial Exercise Date and ending at 5:00 p.m., Eastern Time, on the Expiration Date, by surrender of this Warrant to the Company at its principal office, accompanied by a conversion notice substantially in the form attached hereto, executed by the Holder. Thereupon, the Holder shall be entitled to receive a number of duly authorized, validly issued, fully paid and nonassessable Warrant Shares equal to:

Appears in 4 contracts

Samples: TRM Corp, TRM Corp, TRM Corp

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Cashless Exercise/Conversion. Subject to all of the terms and conditions hereofhereof (including the vesting provisions set forth below), the Holder shall have the right to convert this Warrant, in whole or in part, with respect to any then vested Warrant Shares, at any time and from time to time during the period commencing on the Initial Exercise Date and ending at 5:00 p.m., Eastern Time, on the Expiration Date, by surrender of this Warrant to the Company at its principal office, accompanied by a conversion notice substantially in the form attached hereto, executed by the Holder. Thereupon, the Holder shall be entitled to receive a number of duly authorized, validly issued, fully paid and nonassessable Warrant Shares equal to:

Appears in 2 contracts

Samples: Wilson Holdings, Inc., Wilson Holdings, Inc.

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Cashless Exercise/Conversion. Subject to all of the terms and conditions hereof, if by October 19, 2007 the Effective Date shall not have occurred, the Holder shall have the right to convert this Warrant, in whole or in part, with respect to any the Warrant Shares, at any time and from time to time during the period commencing on the Initial Exercise Date and ending at until 5:00 p.m., Eastern Time, on the earlier to occur of (x) the Effective Date or (y) the Expiration Date, by surrender of this Warrant to the Company at its principal office, accompanied by a conversion notice substantially in the form attached hereto, executed by the Holder. Thereupon, the Holder shall be entitled to receive a number of duly authorized, validly issued, fully paid and nonassessable Warrant Shares equal to:

Appears in 1 contract

Samples: Particle Drilling Technologies Inc/Nv

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