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 as determined in accordance with Section 2.3 above is greater than the Exercise Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to have been exercised pursuant to Section 2.2 above as to all Shares for which it shall not previously have been exercised, and the Company shall, within a reasonable time following Holder’s written request, deliver a certificate, which may be in electronic form (or, in the case of uncertificated securities, provide notice of book entry) representing the Shares issued to Holder upon such exercise.

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 2.3 1.3 above is greater than the Exercise Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to have been be exercised pursuant to Section 2.2 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 following Holder’s written requestrequest therefor, deliver a certificate, which may be in electronic form certificate (or, in the case of uncertificated securities, provide notice or evidence of book entry) representing the Shares (or such other securities) issued to Holder upon such exerciseexercise 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 2.3 1.3 above is greater than the Exercise Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to have been be exercised pursuant to Section 2.2 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 following Holder’s written requesttime, deliver a certificate, which may be in electronic form certificate (or, in the case of uncertificated securities, provide notice or evidence of book entry) representing the Shares (or such other securities) issued to Holder upon such exerciseexercise 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 2.3 1.3 above is greater than the Exercise Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to have been be exercised pursuant to Section 2.2 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 following Holder’s written requesttime, deliver a certificate, certificate (which may be in electronic form (or, in the case of uncertificated securities, provide notice form) or evidence of book entry) entry representing the Shares (or such other securities) issued to Holder upon such exerciseexercise to Holder.