Common use of Automatic Conversion upon Expiration Clause in Contracts

Automatic Conversion upon Expiration. In the event that, (i) this Warrant is convertible pursuant to Section 1.2 above, and (ii) 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 Exercise Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be converted pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised or converted, and the Company shall promptly deliver a certificate representing the Shares (or such other securities) issued upon such conversion to the Holder.

Automatic Conversion upon Expiration. In the event that, (i) this Warrant is convertible pursuant to Section 1.2 above, and (ii) upon the Expiration Date, the fair market value of one Share share of Warrant Stock (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 1.4 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 be converted pursuant to Section 1.2 1.3 above as to all Shares shares of Warrant Stock (or such other securities) for which it shall not previously have been exercised or convertedconverted that may be acquired hereunder at the lowest per share price as available hereunder, and the Company shall promptly deliver a certificate representing the Shares shares of Warrant Stock (or such other securities) issued upon such conversion to the Holder.

Automatic Conversion upon Expiration. In the event that, (i) this Warrant is convertible pursuant to Section 1.2 above, and (ii) upon the Expiration Date, the fair market value Fair Market Value of one Share share of Stock (or other security issuable upon the exercise hereof) as determined in accordance with Section 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 be converted pursuant to Section 1.2 above as to all Shares shares of Stock (or such other securities) for which it shall not previously have been exercised or convertedconverted that may be acquired hereunder, and the Company shall promptly deliver a certificate representing the Shares shares of Stock (or such other securities) issued upon such conversion to the HolderHolder in accordance with Section 1.4.

Automatic Conversion upon Expiration. In the event that, (i) this Warrant is convertible pursuant to Section 1.2 above, and (ii) upon the Expiration Date, the fair market value Fair Market Value of one Share (or other security issuable upon the exercise hereof) as determined determined, and if determinable, in accordance with Section 1.3 2(c) 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 be converted pursuant to Section 1.2 2(b) above as to all Shares (or such other securities) for which it shall not previously have been exercised or converted, and the Company shall promptly deliver a certificate representing the Shares (or such other securities) issued upon such conversion to the Holder.