Common use of Exercise by the Holder Clause in Contracts

Exercise by the Holder. Subject to the limitations on exercise contained in Paragraph C of this Article II, the Holder may, at any time and from time to time, exercise all or any part of the outstanding Prepaid Amount of this Warrant in accordance with the procedures set forth in Paragraph B of this Article II for a number of fully paid and nonassessable shares of Common Stock determined in accordance with the following formula: Exercise Amount

Appears in 1 contract

Sources: Warrant Agreement (Netplex Group Inc)

Exercise by the Holder. Subject to the limitations on exercise contained in Paragraph C of this Article II, the Holder may, at any time and from time to time, exercise all or any part of the outstanding Prepaid Amount of this Warrant in accordance with the procedures set forth in Paragraph B of this Article II for a number of fully paid and nonassessable shares of Common Stock determined in accordance with the following formula: Exercise AmountAmount --------------- Exercise Price

Appears in 1 contract

Sources: Warrant Agreement (Netplex Group Inc)