Common use of TERM OF THE WARRANT Clause in Contracts

TERM OF THE WARRANT. Subject to the terms of this Warrant Agreement, the Holder shall have the right, which right may be exercised in whole or in part, from time to time, beginning on the Vesting Date (as noted in the Warrant) and ending on the Expiration Date (as noted in the Warrant), to purchase from the Company the number of fully paid and nonassessable Warrant Shares which the Holder may at the time be entitled to purchase on exercise of such Warrant. If the Expiration Date is not a day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by law to close (a "Business Day"), then the Warrant may be exercised on the next succeeding Business Day.

TERM OF THE WARRANT. Subject to the terms of this Warrant Agreement, the Holder shall have the right, which right may be exercised in whole or in part, from time to time, beginning on the Vesting Date (as noted in the WarrantWarrant Certificate) and ending on the Expiration Date (as noted in the WarrantWarrant Certificate), to purchase from the Company the number of fully paid and nonassessable Warrant Shares which the Holder may at the time be entitled to purchase on exercise of such WarrantWarrants. If the Expiration Date is not a day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by law to close (a "Business Day"), then the Warrant Warrants may be exercised on the next succeeding Business Day.