Common use of Right of Exercise Clause in Contracts

Right of Exercise. Subject to the provisions hereof, each Holder may exercise the right conferred on such Holder to subscribe for and purchase one Warrant Debenture for each Warrant held by such Holder, after the Issue Date and prior to the Expiry Time, upon payment of the Exercise Price, and otherwise in accordance with the conditions herein.

Right of Exercise. ‌ Subject to the provisions hereof, each Holder may exercise the right conferred on such Holder to subscribe for and purchase one Warrant Debenture for each Warrant held by such Holder, after the Issue Date and prior to the Expiry Time, upon payment of the Exercise Price, and otherwise in accordance with the conditions herein.