Common use of Exercise of Purchase Rights Clause in Contracts

Exercise of Purchase Rights. (a) Subject to the provisions of Section 4 of this Warrant Agreement, the purchase rights represented by this Warrant Agreement are exercisable by the Warrant Holder, in whole or in part, at any time, or from time to time during the period set forth in Section 3 above, by tendering to the Company at its principal office a duly completed and executed notice of exercise in the form attached hereto as Exhibit A (the "Notice of Exercise"), the Warrants and the Exercise Price. Upon receipt of such items, the Company shall issue to the Warrant Holder a certificate for the number of shares of Common Stock purchased. The Warrant Holder, upon exercise of the Warrants, shall be deemed to have become the holder of the Shares represented thereby (and such Shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which the Warrants are exercised. In the event of any exercise of the rights represented by the Warrants, certificates for the Shares so purchased shall be delivered to the Warrant Holder or its designee as soon as practical and in any event within ten (10) business days after receipt of such notice and, unless the Warrants have been fully exercised or expired, new Warrants representing the remaining portion of the Warrants and the underlying Shares, if any, with respect to which this Warrant Agreement shall not then have been exercised shall also be issued to the Warrant Holder as soon as possible and in any event within such ten-day period.

Appears in 12 contracts

Samples: Participation Warrant Agreement, Confidential Treatment (Priceline Com Inc), Confidential Treatment (Priceline Com Inc)

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Exercise of Purchase Rights. (a) Subject to the provisions of Section 4 of this Warrant Agreement, the purchase rights represented by this Warrant Agreement are exercisable by the Warrant Holder, in whole or in part, at any time, or from time to time during the period set forth in Section 3 above, by tendering to the Company at its principal office a duly completed and executed notice of exercise in the form attached hereto as Exhibit A (the "Notice of Exercise"), the Warrants and the Exercise Price. Upon receipt of such items, the Company shall issue to the Warrant Holder a certificate for the number of shares of Common Stock purchased. The Warrant Holder, upon exercise of the Warrants, shall be deemed to have become the holder of the Shares represented thereby (and such Shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which the Warrants are exercised. In the event of any exercise of the rights represented by the Warrants, certificates for the Shares so purchased shall be delivered to the Warrant Holder or its designee as soon as practical and in any event within ten (10) business days after receipt of such notice and, unless the Warrants have been fully exercised or expired, new Warrants representing the remaining portion of the Warrants and the underlying Shares, if any, with respect to which this Warrant Agreement shall not then have been exercised shall also be issued to the Warrant Holder as soon as possible and in any event within such ten-day tenday period.

Appears in 1 contract

Samples: Confidential Treatment (Priceline Com Inc)

Exercise of Purchase Rights. (a) Subject to the provisions of Section 4 of this Warrant Agreement, the Exercise. The purchase rights represented by this Warrant Agreement are exercisable by the Warrant HolderWarrantholder, in whole or in part, at any time, or from time to time during the period set forth in Section 3 1 above, by tendering to the Company at its principal office a duly completed and executed notice of exercise in the form attached hereto as Exhibit A (the "Notice of Exercise"), the Warrants duly completed and the Exercise Priceexecuted. Upon receipt of such itemsthe Notice of Exercise and the payment of the Exercise Price in accordance with the terms set forth below, the Company shall issue to the Warrant Holder Warrantholder a certificate for the number of shares of Common Stock purchasedof the Company purchased and shall execute the Notice of Exercise indicating the number of shares of Stock which remain subject to future purchases, if any. The Warrant Holder, person or persons in whose name(s) any certificate(s) representing shares of Stock shall be issued upon exercise of the Warrants, this Warrant shall be deemed to have become the holder holder(s) of the Shares represented thereby (and such Shares shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which the Warrants are this Warrant is exercised. In the event of any exercise of the rights represented by the Warrantsthis Warrant, certificates for the Shares so purchased shall be delivered to the Warrant Holder Warrantholder or its designee as soon as practical and in any event within ten thirty (1030) business days after receipt of such notice and, unless the Warrants have this Warrant has been fully exercised or expired, a new Warrants Warrant representing the remaining portion of the Warrants and the underlying Shares, if any, with respect to which this Warrant Agreement shall not then have been exercised shall also be issued to the Warrant Holder Warrantholder as soon as possible and in any event within such ten-thirty (30) day period.

Appears in 1 contract

Samples: Park N View Inc

Exercise of Purchase Rights. (a) Subject to the provisions of Section 4 of this Warrant Agreement, the purchase rights represented by this Warrant Agreement are exercisable by the Warrant Holder, in whole or in part, at any time, or from time to time during the period set forth in Section 3 above, by tendering to the Company at its principal office a duly completed and executed notice of exercise in the form attached hereto as Exhibit EXHIBIT A (the "Notice of Exercise"), the Warrants and the Exercise Price. Upon receipt of such items, the Company shall issue to the Warrant Holder a certificate for the number of shares of Common Stock purchased. The Warrant Holder, upon exercise of the Warrants, shall be deemed to have become the holder of the Shares represented thereby (and such Shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which the Warrants are exercised. In the event of any exercise of the rights represented by the Warrants, certificates for the Shares so purchased shall be delivered to the Warrant Holder or its designee as soon as practical and in any event within ten (10) business days after receipt of such notice and, unless the Warrants have been fully exercised or expired, new Warrants representing the remaining portion of the Warrants and the underlying Shares, if any, with respect to which this Warrant Agreement shall not then have been exercised shall also be issued to the Warrant Holder as soon as possible and in any event within such ten-day period.

Appears in 1 contract

Samples: Registration Rights Agreement (Priceline Com Inc)

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Exercise of Purchase Rights. (a) Subject to the provisions of Section 4 of this Warrant Agreement, the The purchase rights represented by this Warrant Agreement are exercisable by the Warrant Holder, in whole or in part, subject to the terms of Section 4 above, at any time, or from time to time during the period set forth in Section 3 above, by tendering to the Company at its principal office a duly completed and executed notice of exercise in the form attached hereto as Exhibit EXHIBIT A (the "Notice of ExerciseNOTICE OF EXERCISE")) and the Warrant certificate, each having been duly indorsed to the Warrants Company, and the Exercise PricePrice in the form set forth in Section 2 above (including, if applicable, the Preferred Stock certificate(s) duly endorsed to the Company). Upon receipt of such items, the Company shall issue to the Warrant Holder a certificate for the number of shares of Common Stock purchased. The Warrant Holder, upon exercise of the Warrants, shall be deemed to have become the holder of the Shares represented thereby (and such Shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which the Warrants are exercised. In the event of any exercise of the rights represented by the Warrants, certificates for the Shares so purchased shall be delivered to the Warrant Holder or its designee as soon as practical and in any event within ten (10) business days after receipt of such notice and, unless the Warrants have been fully exercised or expired, new Warrants representing the remaining portion of the Warrants and the underlying Shares, if any, with respect to which this Warrant Agreement shall not then have been exercised shall also be issued to the Warrant Holder as soon as possible and in any event within such ten-day period.

Appears in 1 contract

Samples: Priceline Com Inc

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