Payment by Application of Shares Otherwise Issuable. Upon any exercise of this Warrant, the Holder may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section 1.1 such number of the shares of Common Stock otherwise issuable to such Holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the payment required by Section 1.1 attributable to such shares shall be deemed to have been paid to the Company and the number of shares issuable upon such exercise shall be reduced by such specified number.
Appears in 11 contracts
Samples: Marketing Agreement (Rsi Systems Inc/Mn), Asset Purchase Agreement (Rsi Systems Inc/Mn), Management and Consulting Agreement (Rsi Systems Inc/Mn)
Payment by Application of Shares Otherwise Issuable. Upon any --------------------------------------------------- exercise of this Warrant, the Holder may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section 1.1 such number of the shares of Common Stock otherwise issuable to such Holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the payment required by Section 1.1 attributable to such shares shall be deemed to have been paid to the Company and the number of shares issuable upon such exercise shall be reduced by such specified number.
Appears in 7 contracts
Samples: Polyphase Corp, Polyphase Corp, Polyphase Corp
Payment by Application of Shares Otherwise Issuable. Upon any exercise of this Warrant, the Holder holder hereof may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section 1.1 such number of the shares of Common Stock otherwise issuable to such Holder holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the payment required by Section 1.1 attributable to such shares shall be deemed to have been paid to the Company and the number of shares issuable upon such exercise shall be reduced by such specified number.
Appears in 6 contracts
Samples: Warrant And (Bedford Capital Financial Corp), Warrant And (Bedford Capital Financial Corp), PMC International Inc
Payment by Application of Shares Otherwise Issuable. Upon any exercise of this Warrant, the Holder holder hereof may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section section 1.1 such number of the shares of Common Stock otherwise issuable to such Holder holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the payment required by Section section 1.1 attributable to such shares shall be deemed to have been paid to the Company and the number of shares issuable upon such exercise shall be reduced by such specified number.
Appears in 5 contracts
Samples: Common Stock Purchase (Cyber Dialogue Inc), Common Stock Purchase (Cyber Dialogue Inc), Granite Broadcasting Corp
Payment by Application of Shares Otherwise Issuable. Upon any the exercise of this Warrant, the Holder holder hereof may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section section 1.1 such number of the shares of Common Stock otherwise issuable to such Holder holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the payment required by Section section 1.1 attributable to such shares shall be deemed to have been paid to the Company and the number of shares issuable upon such exercise shall be reduced by such specified number.
Appears in 2 contracts
Samples: Banque Paribas, Banque Paribas
Payment by Application of Shares Otherwise Issuable. Upon any --------------------------------------------------- exercise of this Warrant, the Holder holder hereof may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section section 1.1 such number of the shares of Common Stock otherwise issuable to such Holder holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the payment required by Section section 1.1 attributable to such shares shall be deemed to have been paid to the Company and the number of shares issuable upon such exercise shall be reduced by such specified number."
Appears in 2 contracts
Samples: Information Management Associates Inc, Information Management Associates Inc
Payment by Application of Shares Otherwise Issuable. Upon --------------------------------------------------- any exercise of this Warrant, the Holder holder hereof may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section section 1.1 such number of the shares of Common Stock otherwise issuable to such Holder holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the payment required by Section section 1.1 attributable to such shares shall be deemed to have been paid to the Company and the number of shares issuable upon such exercise shall be reduced by such specified number."
Appears in 1 contract
Payment by Application of Shares Otherwise Issuable. Upon any exercise of this Warrant, the Holder holder may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section 1.1 section 1.2 such number of the shares of Common Stock otherwise issuable to such Holder holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the payment required by Section 1.1 section 1.2 attributable to such shares shall be deemed to have been paid to the Company and the number of shares issuable upon such exercise shall be reduced by such specified number.
Appears in 1 contract
Payment by Application of Shares Otherwise Issuable. Upon any exercise of this Warrant, the Holder may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section section 1.1 such number of the shares of Common Stock otherwise issuable to such Holder holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the payment required by Section section 1.1 attributable to such shares shall be deemed to have been paid to the Company and the number of shares issuable upon such exercise shall be reduced by such specified number.
Appears in 1 contract
Payment by Application of Shares Otherwise Issuable. Upon any exercise of this Warrant, the Holder holder hereof may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section section 1.1 such number of the shares of Common Stock otherwise issuable to such Holder holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the payment required by Section section 1.1 attributable to such shares shall be deemed to have been paid to the Company 6 and the number of shares issuable upon such exercise shall be reduced by such specified number.
Appears in 1 contract
Samples: Network Plus Corp
Payment by Application of Shares Otherwise Issuable. Upon any the --------------------------------------------------- exercise of this Warrant, the Holder holder hereof may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section section 1.1 such number of the shares of Common Stock otherwise issuable to such Holder holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the payment required by Section section 1.1 attributable to such shares shall be deemed to have been paid to the Company and the number of shares issuable upon such exercise shall be reduced by such specified number.
Appears in 1 contract
Samples: Synbiotics Corp
Payment by Application of Shares Otherwise Issuable. Upon any --------------------------------------------------- exercise of this Warrant, the Holder may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section section 1.1 such number of the shares of Common Stock otherwise issuable to such Holder holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Price of such specified number of shares on the date of exercise over the portion of the payment required by Section section 1.1 attributable to such shares shall be deemed to have been paid to the Company and the number of shares issuable upon such exercise shall be reduced by such specified number.
Appears in 1 contract
Samples: Common Stock Purchase (Information Management Associates Inc)
Payment by Application of Shares Otherwise Issuable. Upon any exercise of this Warrant, the Holder may, at its option, instruct the Company, by written notice accompanying the surrender of this Warrant at the time of such exercise, to apply to the payment required by Section 1.1 such number of the shares of Common Stock otherwise issuable to such Holder upon such exercise as shall be specified in such notice, in which case an amount equal to the excess of the aggregate Current Market Closing Price of such specified number of shares on the date of exercise over the portion of the payment required by Section 1.1 attributable to such shares shall be deemed to have been paid to the Company and the number of shares issuable upon such exercise shall be reduced by such specified number.
Appears in 1 contract
Samples: Viseon Inc