Term; Exercise Price Sample Clauses
The 'Term; Exercise Price' clause defines the duration for which a contractual right, such as an option or warrant, remains valid and specifies the price at which that right can be exercised. Typically, this clause will state the exact period during which the holder may exercise their rights and the fixed or formula-based price they must pay to do so. For example, it may allow the purchase of shares at a set price within a five-year window. This clause ensures both parties are clear on the timeframe and cost associated with exercising contractual rights, thereby preventing disputes over timing or pricing.
Term; Exercise Price. The Warrant represented hereby may be exercised by the holder hereof, in whole or in part, at any time and from time to time after the date hereof until 5:00 p.m., Traverse City, Michigan time, on the Termination Date (the "Term"). Subject to adjustment as provided in Article IV hereof, the exercise price for shares of Common Stock under this Warrant shall be $3.00 per share of Common Stock (the "Exercise Price").
Term; Exercise Price. The Warrants represented hereby may be exercised by the holder hereof, in whole or in part, at any time and from time to time after the date hereof until 5:00 p.m., Houston, Texas time, on April 15, 2002 ("Term"). Subject to adjustment as provided in ARTICLE IV hereof, the exercise price of the Warrant shall be $0.01 per share of Common Stock ("EXERCISE PRICE").
Term; Exercise Price. The Warrants represented hereby may be -------------------- exercised by the holder hereof, in whole or in part, at any time and from time to time after the date hereof until 5:00 p.m., Houston, Texas time, on the earlier of (i) one year from the date the Note is paid in full, or (ii) July 21, 2004 ("Term"); provided, however, that to the extent that the Note is not paid in full by the Company on or before June 21, 2003, the Term shall be automatically extended on a daily basis so that the Term shall continue until the first anniversary of the date on which the Company has satisfied all of its obligations under the Note. Subject to adjustment as provided in Article IV hereof, the exercise price for shares of Common Stock acquired under the Warrant shall be $0.01 per share ("Exercise Price").