Common use of Issuance of New Warrants; Corporation Acknowledgement Clause in Contracts

Issuance of New Warrants; Corporation Acknowledgement. Upon any partial exercise of this Warrant, the Corporation, at its expense, will forthwith and, in any event, within ten (10) days after partial exercise, issue and deliver to the Holder a new warrant or warrants of like tenor, registered in the name of the Holder, exercisable, in the aggregate, for the balance of the Warrant Shares. Moreover, the Corporation shall, at the time of any exercise of this Warrant, upon the request of the Holder, acknowledge in writing its continuing obligation to afford to the Holder any rights to which the Holder shall continue to be entitled after such exercise in accordance with the provisions of this Warrant; provided, however, that if the Holder shall fail to make any such request, such failure shall not affect the continuing obligation of the Corporation to afford to the Holder any such rights.