Common use of Contingent Exercise Clause in Contracts

Contingent Exercise. In the event that Holder shall be exercising the Warrant as of the closing of a Company Sale or Initial Public Offering, the Holder may, in such Holder's sole discretion and by written instruction delivered with the notice of exercise in accordance with Section 2(a), make such exercise, in whole or in part, contingent upon the occurrence of such closing and effective immediately prior thereto.