Common use of Automatic Exercise of Warrants Clause in Contracts

Automatic Exercise of Warrants. (a) All Warrants for which the Warrant Agent has not received an Exercise Notice duly completed and in proper form at or prior to 3:00 p.m., New York City time, on the earlier of (i) the Business Day immediately preceding the Expiration Date or (ii) the Business Day immediately preceding the Delisting Date, if any, or for which the Warrant Agent has received an Exercise Notice duly completed and in proper form but with respect to which timely delivery of the relevant Warrants has not been made, will be deemed automatically exercised on such date without any requirement of an Exercise Notice to the Warrant Agent. The Exercise Date for such Warrants shall be the Expiration Date or the Delisting Date, as the case may be, or if such date is not a Business Day, the following Business Day. The Valuation Date for such Warrants shall be the Scheduled Valuation Business Day immediately following the date of automatic exercise, subject to postponement in the event of a Disruption Event, as described in Section 2.04 hereof.

Automatic Exercise of Warrants. (a) All Warrants for which the Warrant Agent has not received an Exercise Notice duly completed and in proper form at or prior to 3:00 p.m., New York City time, on the earlier of (i) the Business Day immediately preceding the Expiration Date or (ii) the Business Day immediately preceding the Delisting Date, if any, or for which the Warrant Agent has received an Exercise Notice duly completed and in proper form but with respect to which timely delivery of the relevant Warrants has not been made, will be deemed automatically exercised on such date without any requirement of an Exercise Notice to the Warrant Agent. The Exercise Date for such Warrants shall be the Expiration Date or the Delisting Date, as the case may be, or if such date is not a Business Day, the following Business Day. The Valuation Date for such Warrants shall be the Scheduled Valuation Business Trading Day immediately following the date of automatic exercise, subject to postponement in the event of a Market Disruption Event, as described in Section 2.04 2.05 hereof.

Automatic Exercise of Warrants. (a) All Warrants for which the Warrant Agent has not received an Exercise Notice duly completed and in proper form at or prior to 3:00 p.m., New York City time, on the earlier of (i) the Business Day immediately preceding the Expiration Date or (ii) the Business Day immediately preceding the Delisting Date, if any, or for which the Warrant Agent has received an Exercise Notice duly completed and in proper form but with respect to which timely delivery of the relevant Warrants has not been made, will be deemed automatically exercised on such date without any requirement of an Exercise Notice to the Warrant Agent. The Exercise Date for such Warrants shall be the Expiration Date or the Delisting Date, as the case may be, or if such date is not a Business Day, the following Business Day. The Valuation Date for such Warrants shall be the Scheduled Valuation Business Day immediately following the date of automatic exercise, subject to postponement in the event of a Disruption Event, as described in Section 2.04 2.03 hereof.