Common use of PURCHASE PRICE PAYMENT UPON EXERCISE Clause in Contracts

PURCHASE PRICE PAYMENT UPON EXERCISE. At any time on or after the Effective Date and prior to 5:00 p.m. (Los Angeles, California time) on the Termination Date, the holder of any Warrant Certificate may exercise the Warrants evidenced thereby in whole or in part, by surrender of such Warrant Certificate, with an election to purchase (a form of which is attached as part of the form of Warrant Certificate attached as Exhibit A) attached thereto duly executed, to the Company at its office referred to in Section 1.2(b) hereof, together with payment of the Purchase Price, payable as set forth below in this Section 2. 1, for each share of Common Stock as to which the Warrants are exercised. The Purchase Price shall be (i) payable in cash, by certified or official bank check payable to the order of the Company or by wire transfer of immediately available funds to the account of the Company or (ii) satisfied by the delivery of Warrant Certificates to the Company for cancellation in accordance with the formula set forth in Section 2.1 (b).

PURCHASE PRICE PAYMENT UPON EXERCISE. At any time on or after the Effective Date and prior to 5:00 p.m. (Los Angeles, California time) on the Termination Date, the holder of any Warrant Certificate may exercise the Warrants evidenced thereby in whole or in part, by surrender of such Warrant Certificate, with an election to purchase (a form of which is attached as part of the form of Warrant Certificate attached as Exhibit A) attached thereto duly executed, to the Company at its office referred to in Section 1.2(b) hereof, together with payment of the Purchase Price, payable as set forth below in this Section 2. 12.1, for each share of Common Stock as to which the Warrants are exercised. The Purchase Price shall be (i) payable in cash, by certified or official bank check payable to the order of the Company or by wire transfer of immediately available funds to the account of the Company or (ii) satisfied by the delivery of Warrant Certificates to the Company for cancellation in accordance with the formula set forth in Section 2.1 (b)2.1(b) hereof.