Accounting and Recording. (1) The Warrant Agent shall promptly, and in any event within five Business Days following any exercise of Warrants, notify the Corporation with respect to Warrants exercised, and shall promptly forward to the Corporation (or into an account or accounts of the Corporation as designated by the Corporation) all monies received by the Warrant Agent on the subscription of Shares through the exercise of Warrants. All such monies, and any securities or other instruments, from time to time received by the Warrant Agent, shall be received in trust for, and shall be segregated and kept apart by, the Warrant Agent for the Corporation.
Appears in 5 contracts
Samples: Warrant Agency Agreement (Ayr Wellness Inc.), Warrant Agency Agreement, Warrant Agency Agreement (Alignvest Acquisition Corp)
Accounting and Recording. (1) The Warrant Agent shall promptly, and in any event within five Business Days following any exercise of Warrants, notify the Corporation with respect to Warrants exercised, and shall promptly forward to the Corporation (or into an account or accounts of the Corporation as designated by the Corporation) all monies received by the Warrant Agent on the subscription of Shares through the exercise of Warrants. All such monies, and any securities or other instruments, from time to time received by the Warrant Agent, shall be received in trust as agent for, and shall be segregated and kept apart by, the Warrant Agent for the Corporation.
Appears in 4 contracts
Samples: Warrant Agency Agreement (Columbia Care Inc.), Warrant Agency Agreement (TPCO Holding Corp.), Warrant Agency Agreement (Bespoke Capital Acquisition Corp)
Accounting and Recording. (1a) The Warrant Agent shall promptly, promptly notify the Corporation when Warrants are exercised. The Warrant Agent shall hold all money received on the exercise of Warrants and in any event shall forward such money to the Corporation within five Business Days following from the date of receipt thereof. All such money and any exercise of Warrants, notify the Corporation with respect to Warrants exercised, and shall promptly forward to the Corporation (securities or into an account or accounts of the Corporation as designated by the Corporation) all monies other instruments received by the Warrant Agent on the subscription of Shares through the exercise of Warrants. All such monies, and any securities or other instruments, from time to time received by the Warrant Agent, shall be received in trust for, for and shall be segregated and kept apart by, by the Warrant Agent in trust for the Corporation.
Appears in 1 contract
