Common use of Partial Exercise; Effective Date of Exercise Clause in Contracts

Partial Exercise; Effective Date of Exercise. In case of any partial exercise of this Warrant, the Holder and the Company shall cancel this Warrant upon surrender hereof and shall execute and deliver a new Warrant of like tenor and date for the balance of the Warrant Shares purchasable hereunder. This Warrant shall be deemed to have been exercised on the close of business on the date of delivery of the Notice of Exercise as provided above. The Company acknowledges that the person entitled to receive the Warrant Shares issuable upon exercise of this Warrant shall be treated for all purposes as the holder of record of such shares as of the close of business on the date the Holder is deemed to have exercised this Warrant.

Partial Exercise; Effective Date of Exercise. In case of any partial exercise of this Warrant, the Holder and the Company shall cancel this Warrant upon surrender hereof and shall execute and deliver a new Warrant of like tenor and date for the balance of the shares of Warrant Shares Stock purchasable hereunder. This Warrant shall be deemed to have been exercised on immediately prior to the close of business on the date of delivery of the Notice of Exercise its surrender for exercise as provided above. The Company acknowledges that the person entitled to receive the shares of Warrant Shares Stock issuable upon exercise of this Warrant shall be treated for all purposes as the holder of record of such shares as of the close of business on the date the Holder is deemed to have exercised this Warrant.

Partial Exercise; Effective Date of Exercise. In case of any ------------------------------------------------ partial exercise of this Warrant, the Holder and the Company shall cancel this Warrant upon surrender hereof and shall execute and deliver a new Warrant of like tenor and date for the balance of the Warrant Shares shares of Common Stock purchasable hereunder. This Warrant shall be deemed to have been exercised on immediately prior to the close of business on the date of delivery of the Notice of Exercise its surrender for exercise as provided above. The Company acknowledges that the person entitled to receive the Warrant Shares shares of Common Stock issuable upon exercise of this Warrant shall be treated for all purposes as the holder of record of such shares as of the close of business on the date the Registered Holder is deemed to have exercised this Warrant.

Partial Exercise; Effective Date of Exercise. In case of any partial -------------------------------------------- exercise of this Warrant, the Holder and the Company shall cancel this Warrant upon surrender hereof and shall execute and deliver a new Warrant of like tenor and date for the balance of the Warrant Shares shares of Common Stock purchasable hereunder. This Warrant shall be deemed to have been exercised on immediately prior to the close of business on the date of delivery of the Notice of Exercise its surrender for exercise as provided above. The Company acknowledges that the person entitled to receive the Warrant Shares shares of Common Stock issuable upon exercise of this Warrant shall be treated for all purposes as the holder of record of such shares as of the close of business on the date the Registered Holder is deemed to have exercised this Warrant.

Partial Exercise; Effective Date of Exercise. In case of any partial exercise of this Warrant, the Holder and the Company shall cancel this Warrant upon surrender hereof and shall execute and deliver a new Warrant of like tenor and date for the balance of the shares of Warrant Shares Stock purchasable hereunder. This Warrant shall be deemed to have been exercised on immediately prior to the close of business on the date of delivery of the Notice of Exercise its surrender for exercise as provided above. The Company acknowledges that the person entitled to receive the shares of Warrant Shares Stock issuable upon exercise of this Warrant shall be treated for all purposes puiposes as the holder of record of such shares as of the close of business on the date the Holder is deemed to have exercised this Warrant.