Option to Exchange. If the Purchaser receives Shares on the Date of Issuance but the Company thereafter receives the Waiver, the Purchaser shall have the right, at any time from and after the Company's receipt of the Waiver to the end of the Exercise Period (as defined in the Warrant), to exchange the Shares for the Warrant.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Oak Hill Capital Partners L P), Securities Purchase Agreement (American Skiing Co /Me)