Common use of Notice of an Exercise Event Clause in Contracts

Notice of an Exercise Event. The Company shall, as soon as practicable after the occurrence of an Exercise Event, send or cause to be sent to each holder of Warrants and to each beneficial owner of the Warrants with respect to which such Exercise Event has occurred to the extent that the Warrants are held of record by a depositary or other agent (with a copy to the Warrant Agent), by first-class mail, at the addresses appearing on the Warrant Register, a notice prepared by the Company advising such holder of the Exercise Event which has occurred, which notice shall describe the type of Exercise Event and the date of the occurrence thereof, as applicable, and the date of expiration of the right to exercise the Warrants prominently set forth in the face of such notice. The Company agrees to make available the foregoing right notwithstanding any other provision herein to the contrary. Such right may, if it would be in the best interests of holders of Warrants, be in lieu of the right to receive the number of Shares to which the holder would have been entitled.

Notice of an Exercise Event. The Company shall, as soon as --------------------------- ---------- practicable after the occurrence of an Exercise Event, send or cause to be sent ----------- -------------- to each holder of Warrants and to each beneficial owner of the Warrants warrants with respect to which such Exercise Event has occurred to the extent that the Warrants are held of record by a depositary or other agent (with a copy to the Warrant Agent), by first-class mail, at the addresses appearing on the Warrant Register, a notice prepared by the Company advising such holder of the Exercise Event which has occurred, which notice shall describe the type of Exercise Event and the date of the occurrence thereof, as applicable, and the date of expiration of the right to exercise the Warrants prominently set forth in the face of such notice. The Company agrees to make available the foregoing right notwithstanding any other provision herein to the contrary. Such right may, if it would be in the best interests of holders of Warrants, be in lieu of the right to receive the number of Shares to which the holder would have been entitled.