PAYMENT BY NOTES SURRENDER. Notwithstanding the payment -------------------------- provisions of subsections 1.1 and 1.2, all or part of the payment due upon exercise of this Warrant in full or in part may be made by the surrender by such holder to the Company of any of the Company's Notes issued pursuant to the Agreement and such Notes so surrendered shall be credited against such payment in an amount equal to the principal amount thereof plus premium (if any) and accrued interest to the date of surrender.
Appears in 3 contracts
Sources: Note and Warrant Purchase Agreement (Candela Corp /De/), Secured Subordinated Note and Warrant Purchase Agreement (Providence & Worcester Railroad Co/Ri/), Warrant Agreement (Candela Corp /De/)
PAYMENT BY NOTES SURRENDER. Notwithstanding the payment -------------------------- provisions of subsections 1.1 and 1.2, all or part of the payment due upon exercise of this Warrant in full or in part may be made by the surrender by such holder to the Company of any of the Company's Notes issued pursuant to the Agreement and such Notes so surrendered shall be credited against such payment in an amount equal to the principal amount thereof plus premium (if any) and accrued interest to the date of surrender.
Appears in 2 contracts
Sources: Warrant Agreement (World Energy Solutions, Inc.), Note and Warrant Purchase Agreement (World Energy Solutions, Inc.)
PAYMENT BY NOTES SURRENDER. Notwithstanding the payment -------------------------- provisions of subsections 1.1 and 1.2, all or part of the payment due upon exercise of this Warrant in full or in part may be made by the surrender by such holder to the Company of any of the Company's Notes issued pursuant to the Agreement and such Notes so surrendered shall be credited against such payment in an amount equal to the principal amount thereof plus premium (if any) and accrued interest to the date of surrender.
Appears in 1 contract
Sources: Common Stock Purchase Warrant (Peritus Software Services Inc)