Partial Redemption; Rights Upon Full or Partial Exercise. If this Warrant is redeemed only in part, the Company shall issue a new warrant or warrants for the remaining portion of the warrant, which warrant shall be registered in the name of and delivered to the appropriate holder. Upon exercise of this Warrant in full, the rights under this Section 5 shall terminate. Upon exercise of this Warrant in part, the rights under this Section 5 shall terminate with respect to the Warrant Shares obtained upon such exercise.
Appears in 3 contracts
Sources: Common Stock Purchase Warrant (Lpath, Inc), Credit Agreement (Lpath, Inc), Credit Agreement (Syncardia Systems Inc)