Exercise; Expiration. To exercise this Warrant, the Warrant holder must elect and sign the exercise election attached to this Warrant Certificate and deliver to the Company: (a) this Warrant Certificate and (b) cash or a check payable to XxxxxxxXxxxxxxxxx.xxx, Inc. for the aggregate Exercise Price for the Warrant Shares to be so purchased upon exercise. This Warrant may be exercised at any time prior to 12:00 p.m., Los Angeles time on July __, 2001 (the "Term"), and to the extent not exercised prior to the expiration of the Term, this Warrant shall become void and all rights hereunder and all rights in respect hereof shall cease as of such time, provided, however, that the Term of this Warrant shall be extended to June __, 2003 if Infinity Outdoor's sales force shall have generated aggregate gross revenue during the period of 12 consecutive calendar months commencing July 1, 2000 in excess of $1,000,000 from any sites where the Company's interactive kiosks networks and Infinity Outdoor's display advertising systems are or have been jointly marketed. This Warrant shall be exercisable at the election of any holder thereof, either in full or from time to time in part (but in no event for less than one whole Share) and, in the event that a certificate evidencing this Warrant is exercised in respect of fewer than all of the Warrant Shares issuable on such exercise at any time prior to the date of expiration of this Warrant, a new Warrant Certificate evidencing the remaining Warrant with respect to whole shares of Common Stock issuable upon exercise will be issued. The Company covenants that all Warrant Shares which may be issued upon exercise of this Warrant will, upon issue, be fully paid, nonassessable, free of preemptive rights and free from all taxes, liens, charges and security interests with respect to the issue thereof. The Company will pay all documentary stamp taxes attributable to the issuance of Warrant Shares upon the exercise of this Warrant. The Company shall not be required to issue fractional Warrant Shares on the exercise of this Warrant. If any fraction of a Warrant Share would be issuable on the exercise of this Warrant (or specified portion hereof), such fraction shall be payable in cash based upon the Exercise Price per share.
Exercise; Expiration. (a) Subject to the provisions of this Agreement, each Warrant may be exercised at a price (the "Exercise Price") of $.10 per Warrant Share, subject to adjustment as provided herein, at any time during the period (the "Warrant Exercise Period") commencing on the Closing Date and terminating on a date (the "Warrant Expiration Date") that is the tenth anniversary of the Closing Date or if the Warrant Expiration Date is a Saturday, Sunday, or a day on which banks in New York are not open for business (a "Business Day"), then the Warrant Expiration Date shall be the next Business Day. If an initial Warrant Holder is the holder of a Warrant on the 90th day preceding the Warrant Expiration Date, the Company will notify him no later than the 60th day prior to the Warrant Expiration Date of the date on which the Warrant will expire.
Exercise; Expiration. This Option shall be exercisable, -------------------- in whole or in part, from and after the earlier to occur of (i) 5:00 p.m., Central Time on August 15, 2003 or (ii) the date that Holder's obligations under the Xxxxx Agreement are fully and unconditionally terminated (the "Obligation Termination Date"), provided that Holder's note purchase obligation pursuant to the Xxxxx Agreement has not been previously called. This Option shall expire and no longer be exercisable after the earlier to occur of (i) Holder's note purchase obligation under the Xxxxx Agreement being called pursuant to the Xxxxx Agreement, (ii) 5:00 p.m., Central time, on August 15, 2003, (iii) thirty (30) days after the Obligation Termination Date, or (iv) the date on which Holder exercises that certain Warrant, dated February 8, 2002, issued by the Company in favor of CapitalSource Holdings LLC following the transfer of such Warrant to Holder pursuant to Section 1.2 of the Xxxxx Agreement.
Exercise; Expiration. Impax shall keep GSK reasonably informed as to the timeline of its Development efforts relating to each Improved Product, including the expected date of completion of the XXXXXX for such Improved Product. Impax shall notify GSK promptly upon the completion of the XXXXXX for each Improved Product and shall provide GSK with a report setting forth the XXXXXX. GSK may exercise each Option by providing written notice to Impax within sixty (60) days after the receipt of such report. If the exercise notice is not received by Impax within such sixty (60)-day period, then the Option with respect to such Improved Product shall expire upon the end of such sixty (60)-day period and, notwithstanding Section 2.6, Impax shall have the right to continue the development and commercialization of such Improved Product, either on its own or in collaboration with a Third Party, with no further obligations to GSK.
Exercise; Expiration. Tranche 4 Options may be exercised only if vested. Once vested, Tranche 4 Options may be exercised at any time. All vested, unexercised Tranche 4 Options will expire on the earlier of (i) December 10, 2030, (ii) the last day of the twenty-fourth (24th) month after the date that GBLI terminates Executive’s employment hereunder without “Cause” (as defined below), (iii) ninety (90) calendar days after the date that Executive voluntarily terminates Executive’s employment with GBLI, (iv) the date Executive precipitated a “Cause” (as defined below) event, as determined by the Board in its sole discretion, (v) the date Executive’s employment is terminated for “Cause” (as defined below), as determined by the Board in its sole discretion, and (vi) the date Executive materially breached any of Executive’s material post-employment agreements with GBLI, as determined by the Board in its sole discretion. The Tranche 4 Options are subject to the terms of GBLI’s stock option plans and ancillary agreements.
Exercise; Expiration
