Exercise Expiration Redemption Sample Clauses
Exercise Expiration Redemption. To exercise this Warrant, the Warrant holder must elect and sign the exercise election form attached to this Warrant certificate and deliver to the Company (i) this Warrant certificate and (ii) cash or a check payable to the Company for the Exercise Price for the Warrant, unless exercised pursuant to Section 2. This Warrant may be exercised by any holder hereof at any time after May 7,2000 until February 7, 2005, the date of expiration of this Warrant. To the extent that this Warrant has not been exercised by the date of its expiration, this Warrant shall become void and all rights hereunder and all rights in respect hereof shall cease as of such time. This Warrant shall be exercisable at the election of any holder hereof, 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 issuable upon exercise will be issued. No adjustment shall be made for any dividends on any Shares issuable upon exercise of this Warrant. 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; provided, however, that the Company shall not be required to pay any tax or taxes which may be payable in respect of any transfer involved in the issue of any Warrant certificates or any certificates for Warrant Shares in a name other than that of the registered holder of this Warrant certificate surrendered upon the exercise of this Warrant, and the Company shall not be required to issue or deliver such Warrant certificates unless or until the person or persons requesting the issuance thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid. 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 spe...
Exercise Expiration Redemption. 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 the Company for the Exercise Price for the Warrant. This Warrant shall not be exercised by any holder hereof after 5:00 p.m., Los Angeles time on May 18, 2002, the date and time of the expiration of this Warrant. To the extent that this Warrant has not been exercised by the date and time of its expiration, this Warrant shall become void and all rights hereunder and all rights in respect hereof shall cease as of such time. One-third of the total number of shares of common stock issuable to the Warrant holder upon exercise of this Warrant (the "Warrant Shares") may be transferred or sold by the Warrant holder in a cumulative fashion on the 120th, 240th and 360th days, respectively, following the date on which the Company's registration statement on Form SB-2 (File No. 333-66281) is declared effective by the Securities and Exchange Commission. The Warrant Shares shall not be subject to the foregoing restriction in the event that the Warrant holder elects to exercise its rights under this Warrant within fifteen (15) business days of its receipt of notice that the Company intends to redeem this Warrant as provided below. This Warrant shall be redeemable by the Company at its option at a redemption price of $.01 per Warrant Share at any time after the per share price of the common stock of the Company shall have closed for twenty (20) consecutive trading days at a price equal to or greater than two hundred percent (200%) of the price to the public in the Company's registered initial public offering. In the event that the Company provides notice to the Warrant holder that the Company intends to exercise its right of redemption in accordance with this Section 1, the Warrant holder shall have the right to exercise this Warrant within fifteen (15) business days of the date of its receipt of such notice. Resales of any of the Warrant Shares by the Purchaser must be made in accordance with Rule 901 through 905 and Preliminary Notes of Regulation S, the registration requirements of the Securities Act or an exemption therefrom. Regulation S generally provides that resales may not be effected within the United States or to U.S. persons or for the account or benefit of U.S. persons prior to the expiration of the one (1) year distribution compliance period descr...
Exercise Expiration Redemption