Common use of Automatic Exercise Clause in Contracts

Automatic Exercise. To the extent this Warrant is not previously exercised, it shall be automatically exercised in accordance with Sections 3(b) and 3(c) hereof (even if not surrendered) immediately before its expiration.

Appears in 17 contracts

Sources: Preferred Stock Warrant (Ambit Biosciences Corp), Common Stock Warrant (MMR Information Systems, Inc.), Common Stock Warrant (MMR Information Systems, Inc.)

Automatic Exercise. To the extent this Warrant is not previously exercised, it shall be automatically exercised in accordance with Sections 3(b) and 3(c) hereof (even if not surrendered) immediately before its expiration, involuntary termination or cancellation.

Appears in 17 contracts

Sources: Warrant Agreement (Acorda Therapeutics Inc), Warrant Agreement (Acorda Therapeutics Inc), Warrant Agreement (Merrimack Pharmaceuticals Inc)

Automatic Exercise. To the extent this Warrant is not previously exercised, it shall be automatically exercised in accordance with Sections 3(b) and 3(c) hereof (even if not surrendered) immediately before its expiration, involuntary termination or cancellation unless Holder notifies the Company to the contrary prior to such automatic exercise.

Appears in 2 contracts

Sources: Warrant Agreement (Nimblegen Systems Inc), Warrant Agreement (Nimblegen Systems Inc)

Automatic Exercise. To the extent this Warrant is not previously exercised, it shall be automatically exercised in accordance with Sections 3(b) and 3(c) hereof (even if not surrendered) immediately before its expiration, involuntary termination or cancellation unless Holder notifies Company in writing to the contrary prior to such automatic exercise.

Appears in 2 contracts

Sources: Warrant Agreement (Achillion Pharmaceuticals Inc), Warrant Agreement (Precision Therapeutics Inc)