Common use of Manner of Exercise or Conversion Payment Clause in Contracts

Manner of Exercise or Conversion Payment. This Warrant may be exercised by the holder hereof, in whole or in part, at any time and from time to time, except that this Warrant may not be exercised as to fewer than one million (1,000,000) shares of Common Stock unless there are less than one million (1,000,000) shares of Common Stock as to which this Warrant is then exercisable. This Warrant may be exercised by the holder hereof, during normal business hours on any Business Day from and after the Exercise Date, and prior to the Expiration Date, by surrender of this Warrant to the Company at its office maintained pursuant to Section 12.2(a) hereof, accompanied by a subscription in substantially the form attached to this Warrant (or a reasonable facsimile thereof) duly executed by such holder and accompanied by payment, in cash or by check payable to the order of the Company (or by any combination of such methods), in the amount obtained by multiplying (a) the number of shares of Common Stock (without giving effect to any adjustment thereof) designated in such subscription by (b) the Initial Warrant Price, and such holder shall thereupon be entitled to receive the number of duly authorized, validly issued, fully paid and nonassessable shares of Common Stock (or Other Securities) determined as provided in Sections 2 through 4 hereof.