Common use of Automatic Cashless Exercise upon Expiration Clause in Contracts

Automatic Cashless Exercise upon Expiration. In the event that, upon the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised, and the Company shall, within a reasonable time, deliver a certificate (which may be in electronic form) or evidence of book entry representing the Shares (or such other securities) issued upon such exercise to Holder.

Automatic Cashless Exercise upon Expiration. In the event that, upon the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised, and the Company or its transfer agent shall, within a reasonable time, deliver a certificate (which may be in electronic form) or evidence of book entry statement or certificate representing the Shares (or such other securities) issued upon such exercise to Holder.

Automatic Cashless Exercise upon Expiration. In the event that, upon the Expiration DateDate or other termination of this Warrant, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Exercise Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised, and the Company shall, within a reasonable time, deliver a certificate (which may be in electronic form) or evidence of book entry entry) representing the Shares (or such other securities) issued upon such exercise to Holder.

Automatic Cashless Exercise upon Expiration. In the event that, upon the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 2.3 above is greater than the Warrant Exercise Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be have been exercised pursuant to Section 1.2 2.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised, and the Company shall, within a reasonable timetime following Holder’s written request, deliver a certificate (certificate, which may be in electronic form) or evidence form (or, in the case of uncertificated securities, provide notice of book entry entry) representing the Shares (or such other securities) issued to Holder upon such exercise to Holderexercise.

Automatic Cashless Exercise upon Expiration. In the event that, upon the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised, and the Company shall, within a reasonable timetime following Holder’s written request therefor, deliver a certificate (which may be in electronic form) or evidence of book entry entry) representing the Shares (or such other securities) issued upon such exercise to Holder.