Common use of Full or Partial Exercise Clause in Contracts

Full or Partial Exercise. This Warrant shall be exercisable, at the election of the Holder, either in full or from time to time in part and, in the event that this Warrant is exercised in respect of fewer than all of the Warrant Shares issuable on such exercise at any time prior to the date of expiration of this Warrant, a new certificate evidencing the remaining Warrant or Warrants will be issued, and the Company is hereby irrevocably authorized to countersign and to deliver the required new Warrant pursuant to the provisions of this Warrant. This Warrant, when surrendered upon its exercise, shall be canceled by the Company and shall then be disposed of in a manner satisfactory to the Company.