Common use of Redemption Option Clause in Contracts

Redemption Option. Upon the satisfaction of the Redemption Conditions, the Company may, at the option of its Board of Directors at any time following the Final Closing redeem all (but not less than all) of the Warrants, out of funds legally available therefor by paying the Redemption Price (as hereafter defined) in cash for each Warrant then redeemed.

Appears in 5 contracts

Sources: Common Stock Purchase Warrant (Power Efficiency Corp), Common Stock Purchase Warrant (Power Efficiency Corp), Warrant Agreement (Sagemark Companies LTD)

Redemption Option. Upon the satisfaction of the Redemption Conditions, the Company may, at the option of its Board of Directors at any time following the Final Closing final closing of the Placement redeem all (but not less than all) of the Warrants, out of funds legally available therefor by paying the Redemption Price (as hereafter defined) in cash for each Warrant then redeemed.

Appears in 1 contract

Sources: Common Stock Purchase Warrant (Disaster Preparedness Systems Inc.)

Redemption Option. Upon the satisfaction of the Redemption Conditions, the Company may, at the option of its Board of Directors at any time following the Final Closing date hereof redeem all (but not less than all) of the Warrants, out of funds legally available therefor by paying the Redemption Price (as hereafter defined) in cash for each Warrant then redeemed.

Appears in 1 contract

Sources: Common Stock Purchase Warrant (Starmed Group Inc)