Accounting and Recording. (1) The Warrant Agent shall promptly account to the Company with respect to Warrants exercised and forward to the Company (or into an account or accounts of the Company with the bank or trust company designated by the Company for that purpose) all monies received on the purchase of Common 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 in trust for, the Company.
Appears in 6 contracts
Samples: Warrant Indenture, Warrant Indenture (Titan Medical Inc), Warrant Indenture (Titan Medical Inc)
