Common use of Conditional Warrants Clause in Contracts

Conditional Warrants. The Conditional Warrants -------------------- will be exercisable during the period commencing September 1, 1998, and ending on the fifth (5th) anniversary of issuance, unless, by 5:00 PM, Boston time, on August 31, 1998, either (a) all Obligations of the Borrowers to the Lenders shall have been paid in full, in which case the Conditional Warrants shall expire, or (b) the Borrowers have delivered an acceptable commitment letter, subject only to documentation and no further contingencies of any kind, from a financial institution acceptable to the Lenders, contemplating a full refinance of the existing obligations which contemplates a closing within thirty (30) days, in which case the Conditional Warrant exercise start date shall be extended to September 30, 1998; provided, however, if all -------- ------- Obligations of the Borrowers to the Lenders have been paid in full on or before such extended start date, the Conditional Warrants shall expire upon such payment.

Conditional Warrants. The New Conditional Warrants -------------------- will be exercisable during the period commencing September 130, 19981999, and ending on the fifth (5th) anniversary of issuanceOctober 1, 2004, unless, by 5:00 PM, Boston time, on August 31September 30, 19981999, either (a) all Obligations of the Borrowers to the Lenders shall have been paid in full, in which case the New Conditional Warrants shall expire, or (b) the Borrowers have delivered an acceptable commitment letter, subject only to documentation and no further contingencies of any kind, from a financial institution acceptable to the Lenders, contemplating a full refinance of the existing obligations which contemplates a closing within thirty (30) days, in which case the New Conditional Warrant Warrants exercise start date shall be extended to September October 30, 19981999; provided, however, if all -------- ------- Obligations of the Borrowers to the Lenders have been paid in full on or before such extended start date, the New Conditional Warrants shall expire upon such payment.