Method of Exercise Payment Sample Clauses

Method of Exercise Payment. Issuance of New Warrant: Transfer and Exchange.

Method of Exercise Payment. Issuance of New Warrant; Transfer and ----------------------------------------------------------------- Exchange. --------

Method of Exercise Payment. Subject to Section 1 hereof, the purchase right represented by this Warrant may be exercised by the holder hereof, in whole or in part, at any time, by either, at the election of the holder hereof, (a) 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 check or wire transfer to an account designated by the Company, of an amount equal to the then applicable Warrant Price multiplied by the number of Shares then being purchased, or (b) pursuant to the provisions of Section 9 hereof. The person in whose name any certificate representing shares of Series C Preferred shall be issuable upon exercise of this Warrant shall be deemed to have become the holder of record of, and shall be treated for all purposes as the record holder of, the shares represented thereby (and such shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which this Warrant is exercised. In the event of any exercise of the rights represented by this Warrant, certificates for the shares of stock so purchased shall be delivered to the holder hereof as soon as reasonably practicable and in any event within thirty (30) days after such exercise. If such exercise is in part only, a notation shall be made on this Warrant indicating the number of shares as to which the Warrant has been exercised.

Method of Exercise Payment. You may exercise the vested portion of the Stock Option in whole or in part, by giving written notice to the Company. The written notice shall clearly state your intent to elect to exercise the Stock Option and the number of shares of Common Stock with respect to which the Stock Option is being exercised. Further, the written notice shall be signed by you (or, in the case of your death, the person exercising the Stock Option) and shall be delivered to the Corporate Secretary of the Company at the Company’s principal executive office. Except as otherwise provided in the Plan, payment of the exercise price for the number of shares of Stock being purchased pursuant to any Option shall be made (i) by cash or check payable to the order of the Company; (ii) by delivery or attestation of shares of Common Stock (valued at their Fair Market Value) in satisfaction of all or any part of the exercise price; (iii) by delivery of a properly executed exercise notice with irrevocable instructions to a broker to deliver to the Company the amount necessary to pay the exercise price from the sale or proceeds of a loan from the broker with respect to the sale of Company Stock or a broker loan secured by the Company Stock; (iv) by such other consideration as may be approved by the Committee from time to time to the extent permitted by applicable law; or (v) by any combination of (i) through (iv) hereof.

Method of Exercise Payment. The purchase right represented by this Warrant may be exercised by the Holder, in whole or in part and from time to time any time after the date hereof, by (i) the surrender of this Warrant (with a notice of exercise in the form attached hereto as Exhibit A, duly executed) at the principal office of the Company and (ii) the payment to the Company, by check or wire transfer of funds to an account specified in writing by the Company, of an amount equal to the Warrant Price times the number of Shares being exercised.

Method of Exercise Payment. Subject to all of the terms and conditions hereof and the limitations set forth in Sections 2.6 and 2.7, the Holder shall notify the Company prior to any exercise of this Warrant, in whole or in part, with respect to any Warrant Shares, during the Warrant Term, by delivering a notice of intent to exercise substantially in the form attached hereto, three (3) Business Days prior to the exercise date set forth therein; provided that any such notice must be delivered to the Company at least three (3) Business Days prior to the expiration of the Warrant Term. Upon the exercise date set forth in the applicable notice, subject to all of the terms and conditions hereof and the limitations set forth in Sections 2.6 and 2.7, the Holder shall (1) surrender this Warrant to the Company at its principal office, (2) deliver to the Company a subscription substantially in the form attached hereto, and (3) send a (a) wire transfer of immediately available funds or (b) certified or official bank check payable to the order of the Company, in each case in the amount obtained by multiplying (i) the number of Warrant Shares for which the Warrant is being exercised, as designated in such notice and subscription, by (ii) the Exercise Price. Thereupon, the Holder shall be entitled to receive the applicable number of duly authorized, validly issued, fully paid and nonassessable Warrant Shares. Notwithstanding the foregoing, each exercise of the Warrant by the Holder must be for at least 1,000,000 Warrant Shares; provided, however, that the Warrant may be exercised for a lower number of Warrant Shares if such exercise is for all remaining Warrant Shares subject to the Warrant.

Method of Exercise Payment. ISSUANCE OF NEW WARRANT. Subject to paragraph I hereof, the purchase right represented by this Warrant may be exercised by the holder hereof, in whole or in part, by the surrender of this Warrant (with the notice of exercise form attached hereto as Exhibit 1 duly executed) at the principal office of the Company and by the payment to the Company, by either: (a) a check, of an amount equal to the then applicable Warrant Price per share multiplied by the number of shares of common stock then being purchased; or (b) that number of shares of common stock of the Company having a fair market value equal to the then applicable warrant price per share multiplied by the number of shares of common stock then being purchased. In the event of any exercise of the rights represented by this Warrant, certificates for the shares of stock so purchased shall be delivered to the Holder hereof within five (5) business days and, unless this Warrant has been fully exercised or expired, a new Warrant representing the portion of the shares, if any, with respect to which this Warrant shall not then have been exercised shall also be issued to the Holder hereof within such reasonable time.

Method of Exercise Payment. (a) Subject to paragraph 5 hereof, the Options may be exercised by the Optionee, in whole or in part and from time to time, by tendering to the Company at its principal office a notice of exercise form attached hereto as Appendix A duly executed, together with the Stock Option Agreement and payment to the Company by check of an amount equal to the Exercise Price multiplied by the number of Option Shares purchased. (b) Promptly following receipt from the Optionee of the notices and instruments required for the Optionee to exercise the Options, including payment of the then applicable Exercise Price, the Company shall issue to the Optionee a certificate for the number of Option Shares acquired. If all of the Options are not exercised, the Company shall return the Stock Option Agreement to the Optionee, together with a written notice indicating the aggregate number of shares acquired upon the current and all prior exercises of the Options.

Method of Exercise Payment. Vested options may be exercised in whole at any time, or in part from time to time with respect to whole shares only, within the period permitted for the exercise thereof, and shall be exercised by delivery of written notice of intent to exercise the Option with respect to a specified number of shares delivered to the Company at its principal office accompanied by payment in full to the Company at said office of the amount of the purchase price for the number of shares of Stock with respect to which the Option is then being exercised, which payment may be by any of the following means or any combination thereof: cash, or certified or cashier's check payable to the Company or by cashless exercise.