Common use of Warrant Price and Time of Exercise Clause in Contracts

Warrant Price and Time of Exercise. The per-share purchase price at which the shares subject to warrant hereunder may be purchased by Warrant Holder pursuant to his exercise of this warrant shall be $3.75, which price equals the closing sale price per share of the Common Stock on October 29, 1999, the date of issuance of this warrant. The Warrant Holder's right to exercise this warrant shall be fully vested. The right to exercise the warrant shall be cumulative to the extent not theretofore exercised. The right to exercise the warrant shall expire, except as provided in Paragraph 6 below, at the close of business on the day preceding the second anniversary hereof (the "Warrant Exercise Period").

Appears in 1 contract

Sources: Warrant Agreement (Verso Technologies Inc)

Warrant Price and Time of Exercise. The per-share purchase price at which the shares subject to warrant hereunder may be purchased by Warrant Holder pursuant to his exercise of this warrant shall be $3.754.15, which price equals the closing sale price per share of the Common Stock on October 29August 17, 1999, the date date-of issuance of this warrant. The Warrant Holder's right to exercise this warrant shall be fully vested. The right to exercise the warrant shall be cumulative to the extent not theretofore exercised. The right to exercise the warrant shall expire, except as provided in Paragraph 6 below, at the close of business on the day preceding the second anniversary hereof (the "Warrant Exercise Period").

Appears in 1 contract

Sources: Warrant Agreement (Verso Technologies Inc)

Warrant Price and Time of Exercise. The per-share purchase price at which the shares subject to warrant hereunder may be purchased by Warrant Holder pursuant to his exercise of this warrant shall be $3.75, which price equals the closing sale price per share of the Common Stock on October 29, 1999, the date of issuance of this warrant. The Warrant Holder's right to exercise this the warrant shall halt be fully filmy vested. The right to exercise the warrant shall be cumulative to the extent not nor theretofore exercised. The right to exercise the warrant shall expire, except as provided in Paragraph 6 below, at the close of business on the day preceding the second anniversary hereof (the "Warrant Exercise Period").

Appears in 1 contract

Sources: Warrant Agreement (Verso Technologies Inc)