Common use of Holder's Failure to Timely Exercise Clause in Contracts

Holder's Failure to Timely Exercise. If the Holder shall fail to exercise the Warrant within five (5) business days of the Date of Receipt, then all rights under the Warrant automatically shall be extinguished.

Holder's Failure to Timely Exercise. If the Holder shall fail to exercise the Warrant within five (5) business days of the Date of Receipt, then then, with respect to the number of shares specified in the applicable Notice of Mandatory Exercise, all rights under the Warrant automatically shall be extinguished.