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

Samples: Preferred Stock Warrant (Ambit Biosciences Corp), Preferred Stock Warrant (Ambit Biosciences Corp), Master Security Agreement (Achillion Pharmaceuticals Inc)

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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

Samples: Acorda Therapeutics Inc, Acorda Therapeutics Inc, 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

Samples: Nimblegen Systems Inc, Nimblegen Systems Inc

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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

Samples: Achillion Pharmaceuticals Inc, Precision Therapeutics Inc

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