Common use of Automatic Deemed Amendment Clause in Contracts

Automatic Deemed Amendment. Notwithstanding anything herein to the contrary, effective upon each issuance of any Rights hereunder, each of the following shall apply: (A) the defined term “Warrants” as used herein and in the other Transaction Documents shall be deemed to be automatically amended to include such Rights and (B) the defined term “Warrant Shares” shall be deemed automatically amended to include such Reserved Shares issuable upon exercise of such Rights.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Edoc Acquisition Corp.), Securities Purchase Agreement (Edoc Acquisition Corp.)