Forced Exercise. (i) After the Effective Date, if the Conditions to Forced Exercise have been satisfied, the Corporation may force exercise of this Warrant by the Holder, in whole or in part, as set forth in this Section 2(f), by delivering to the Holder a notice thereof in the form annexed hereto (“Forced Exercise Notice”), duly completed and executed on behalf of the Company. Within twenty (20) days after receipt of the Forced Exercise Notice, the Holder shall deliver to the Company the Notice of Exercise for the Forced Shares applicable to this Warrant. If at any time prior to the delivery of the Notice of Exercise by the Holder, the Conditions to Forced Exercise cease to be met, the Forced Exercise Notice shall be deemed to have been revoked. (ii) If the Company forces an exercise pursuant to this Section 2(f), it must then simultaneously take the same action with respect to any other warrants issued pursuant to the Purchase Agreement. (iii) For purposes of this Section 2(f):
Appears in 3 contracts
Sources: Impact Note Purchase Agreement, Common Stock Purchase Agreement, Impact Note Purchase Agreement