Common use of Exercise by the Holder Clause in Contracts

Exercise by the Holder. The purchase rights represented by this Warrant may be exercised by the Holder, in part or in whole, by the surrender of this Warrant (with the notice of exercise form attached hereto as Exhibit A duly executed) at the principal office of the Company, and by the payment to the Company, by certified, cashier's or other check acceptable to the Company or by wire transfer to an account designated by the Company, of an amount equal to the Exercise Price of the Shares being purchased, at any time before 5:00 P.M., E.S.T., on December 31, 2006, unless the Warrant has been called, pursuant to Section 1(b) herein, in which case it shall expire at 5:00 P.M., E.S.T., on the last day of the Mandatory Warrant Exercise Period, as defined herein.