Term; Acceleration Sample Clauses

Term; Acceleration. Subject to the terms hereof, this Warrant may be exercised in part in accordance with each of subsections 1.2(a) and (b) below, at any time following the occurrence of an event set forth in each respective subsection, for the full number of shares of Warrant Stock set forth in such subsection with respect to such event; provided, however, that in no case may this Warrant be exercised later than 5:00 p.m. (Pacific Standard Time) upon the earlier of (a) the close of business on May __, 2006, or (b)(i) the closing of the acquisition of the Company by another entity by means of a transaction or series of related transactions or (ii) the closing of the sale of all or substantially all of the assets of the Company, unless the 26 Company's stockholders of record prior to such acquisition or sale will hold at least fifty percent (50%) of the voting power of the acquiring or surviving entity immediately after such acquisition or sale (an event coming within this subsection 1.1(b) being an "Acquisition"); provided further, however, that with respect to both subsections 1.1(a) and (b) above, if (X) an Acquisition occurs prior to May __, 2006 or (Y) the License Agreement has not either expired or been terminated prior to May __, 2006, then notwithstanding