Common use of Exchange and Replacement Clause in Contracts

Exchange and Replacement. Subject to Sections 1 and 8, this Warrant is exchangeable upon the surrender of the Warrant by the Holder to the Company at its principal office for new Warrants of like tenor and date representing in the aggregate the right to purchase the number of Warrant Shares then purchasable hereunder. The new Warrants will represent the right to purchase such number of Warrant Shares (not to exceed the aggregate total number then purchasable hereunder) as the Holder shall designate at the time of such surrender. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and, in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to the Company, and upon surrender and cancellation of this Warrant, if mutilated, the Company will make and deliver a new Warrant of like tenor, in lieu of this Warrant. This Warrant shall be promptly canceled by the Company upon the surrender hereof in connection with any exchange or replacement. The Company shall pay all expenses, taxes (other than stock transfer taxes), and other charges payable in connection with the preparation, execution, and delivery of Warrants pursuant to this Section 4.

Exchange and Replacement. Subject to Sections 1 and 87 hereof, this Warrant is exchangeable upon the surrender of the Warrant hereof by the Holder to the Company MDCV at its principal office for new Warrants of like tenor and date representing in the aggregate the right to purchase the number of Warrant Shares then purchasable hereunder. The , each of such new Warrants will to represent the right to purchase such number of Warrant Shares (not to exceed the aggregate total number then purchasable hereunder) as shall be designated by the Holder shall designate at the time of such surrender. Upon receipt by the Company MDCV of evidence reasonably satisfactory to it of the loss, theft, destruction destruction, or mutilation of this Warrant, and, in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to the Companyit, and upon surrender and cancellation of this Warrant, if mutilated, the Company MDCV will make and deliver a new Warrant of like tenor, in lieu of this Warrant. This Warrant shall be promptly canceled by the Company MDCV upon the surrender hereof in connection with any exchange or replacement. The Company MDCV shall pay all expenses, taxes (other than stock transfer taxes), and other charges payable in connection with the preparation, execution, and delivery of Warrants pursuant to this Section 42.