Common use of Exercise of Warrant; Term Clause in Contracts

Exercise of Warrant; Term. To the extent permitted by applicable laws and regulations, including but not limited to the insurance laws of the States of New York and Illinois, the right to purchase the Shares represented by this Warrant are exercisable, in whole or in part by the Warrantholder, at any time or from time to time after 9:00 a.m., New York City time, on the date hereof, but in no event later than 11:59 p.m., New York City time, on the seventh anniversary of the date of issuance of the Warrant (the “Expiration Time”), by (A) the surrender of this Warrant and Notice of Exercise annexed hereto, duly completed and executed on behalf of the Warrantholder, at the office of the Company in Armonk, New York (or such other office or agency of the Company in the United States as it may designate by notice in writing to the Warrantholder at the address of the Warrantholder appearing on the books of the Company), and (B) payment of the Exercise Price for the Shares thereby purchased at the election of the Warrantholder in one of the following manners:

Exercise of Warrant; Term. To (A) Subject to Section 2 and Section 3(B), to the extent permitted by applicable laws and regulations, including but not limited to the insurance laws of the States of New York and Illinois, the right to purchase the Shares represented by this Warrant are is exercisable, in whole or in part by the Warrantholder, at any time or from time to time on any Business Day and during regular business hours from and after 9:00 a.m., New York City time, on the date hereof, but in no event later than 11:59 5:00 p.m., New York City time, on the seventh anniversary of the date of initial issuance of the Warrant (the “Expiration Time”), by (A) the surrender of this Warrant and Notice of Exercise annexed hereto, duly completed and executed on behalf of the Warrantholder, at the office of the Company in ArmonkIrvine, New York California (or such other office or agency of the Company in the United States as it may designate by notice in writing to the Warrantholder at the address of the Warrantholder appearing on the books of the Company), and (B) payment of the Exercise Price for the Shares thereby purchased at the election of the Warrantholder in one of the following manners:

Exercise of Warrant; Term. To Subject to the terms and conditions hereof, specifically Section 2, to the extent permitted by applicable laws and regulations, including but not limited to the insurance laws of the States of New York and Illinois, the right to purchase the Shares represented by this Warrant are is exercisable, in whole or in part by the Warrantholder, at any time or from time to time after 9:00 a.m., New York City time, the execution and delivery of this Warrant by the Company on the date hereof, but in no event later than 11:59 5:00 p.m., New York City time, on the seventh tenth anniversary of the date of issuance of the Warrant (the “Expiration Time”), by (A) the surrender of this Warrant and Notice of Exercise annexed hereto, duly completed and executed on behalf of the Warrantholder, at the office offices of the Company in ArmonkUnited Western Bancorp, New York Inc., 000 00xx Xxxxxx, Xxxxx 0000, Xxxxxx, Xxxxxxxx 00000 (or such other office or agency of the Company in the United States as it the Company may designate by notice in writing to the Warrantholder at the address of the Warrantholder appearing on the books of the Company), and (B) payment of the Exercise Price for the Shares thereby purchased at the election of the Warrantholder in one of the following manners:

Exercise of Warrant; Term. (A) To the extent permitted by applicable laws and regulations, including but not limited and subject to the insurance laws of the States of New York and Illinoisrestrictions set forth in Section 3(B), the right to purchase the Shares represented by this Warrant are is exercisable, in whole or in part by the Warrantholder, at any time or from time to time after 9:00 a.m., New York City timethe execution and delivery of this Warrant by the Company, on the date hereof, but in no event later than 11:59 p.m., New York City time, on the seventh [seventh] anniversary of the date of issuance of the Warrant (the “Expiration Time”), by (Ai) the surrender 6 Names to be conformed as appropriate. of this Warrant and Notice of Exercise annexed hereto, duly completed and executed on behalf of the Warrantholder, at the office of the Company in ArmonkSpokane, New York Washington (or such other office or agency of the Company in the United States as it may designate by notice in writing to the Warrantholder at the address of the Warrantholder appearing on the books of the Company), and (Bii) payment of the Exercise Price for the Shares thereby purchased at the election of the Warrantholder in one of the following manners:

Exercise of Warrant; Term. (A) To the extent permitted by applicable laws and regulations, including but not limited and subject to the insurance laws of the States of New York and Illinoisrestrictions set forth in Section 3(B), the right to purchase the Shares represented by this Warrant are is exercisable, in whole or in part by the Warrantholder, at any time or from time to time after 9:00 a.m., New York City timethe execution and delivery of this Warrant by the Company, on the date hereof, but in no event later than 11:59 p.m., New York City time, on the seventh anniversary of the date of issuance of the Warrant (the “Expiration Time”), by (Ai) the surrender of this Warrant and Notice of Exercise annexed hereto, duly completed and executed on behalf of the Warrantholder, at the office of the Company in ArmonkSpokane, New York Washington (or such other office or agency of the Company in the United States as it may designate by notice in writing to the Warrantholder at the address of the Warrantholder appearing on the books of the Company), and (Bii) payment of the Exercise Price for the Shares thereby purchased at the election of the Warrantholder in one of the following manners:

Exercise of Warrant; Term. (A) To the extent permitted by applicable laws and regulations, including but not limited and subject to the insurance laws of the States of New York and Illinoisrestrictions set forth in Section 3(B), the right to purchase the Shares represented by this Warrant are is exercisable, in whole or in part by the Warrantholder, at any time or from time to time after 9:00 a.m., New York City timethe execution and delivery of this Warrant by the Company, on the date hereof, but in no event later than 11:59 p.m., New York City time, on the seventh tenth anniversary of the date of issuance of the this Warrant (the “Expiration Time”), by (Ai) the surrender of this Warrant and the Notice of Exercise annexed hereto, duly completed and executed on behalf of the Warrantholder, at the principal executive office of the Company in ArmonkBaltimore, New York Maryland (or such other office or agency of the Company in the United States as it may designate by notice in writing to the Warrantholder at the address of the Warrantholder appearing on the books of the Company), and (Bii) payment of the Exercise Price for the Shares thereby purchased at the election of the Warrantholder in one of the following manners: