Common use of Exercise Term Clause in Contracts

Exercise Term. Subject to the terms and conditions hereinafter set forth, the Holder shall be entitled to purchase and acquire up to 110 Non-Voting Units (in minimum increments of 5 Non-Voting Units at a time) at any time and from time to time from the date of this Warrant until 5:00 p.m. E.

Appears in 2 contracts

Sources: Warrant Agreement (Us Lec Corp), Warrant Agreement (Us Lec Corp)

Exercise Term. Subject to the terms and conditions hereinafter set forth, the Holder shall be entitled to purchase and acquire up to 110 ten (10) Non-Voting Units (in minimum increments of 5 five (5) Non-Voting Units at a time) at any time and from time to time from the date of this Warrant until 5:00 p.m. E.

Appears in 1 contract

Sources: Warrant (Us Lec Corp)