Common use of Book-Entry Provisions for the Global Warrants Clause in Contracts

Book-Entry Provisions for the Global Warrants. (a) ------------ --------------------------------------------- The Restricted Global Warrant and the Legended Regulation S Global Warrant initially shall (i) be registered in the name of the Depositary for such Global Warrant or the nominee of such Depositary, (ii) be delivered to the Warrant Agent as custodian for such Depositary and (iii) bear legends as set forth in Section 2.2 hereof. Members of, or participants in, the Depositary ("Agent Members") shall ------------- have no rights under this Agreement with respect to the Global Warrants held on their behalf by the Depositary or the Warrant Agent as its custodian, and the Depositary may be treated by the Company, the Warrant Agent and any agent of the Company or the Warrant Agent as the absolute owner of each such Global Warrant for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Warrant Agent or any agent of the Company or the Warrant Agent, from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Warrants.

Appears in 1 contract

Samples: Warrant Agreement (Diva Systems Corp)

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Book-Entry Provisions for the Global Warrants. (a) ------------ --------------------------------------------- The Restricted Global Warrant and the Legended Regulation S Global Warrant Warrants initially shall (i) be registered in the name of the Depositary for such Global Warrant Warrants or the nominee of such Depositary, (ii) be delivered to the Warrant Agent as custodian for such Depositary and (iii) bear legends as set forth in Section 2.2 hereof. Members of, or participants in, the Depositary ("Agent Members") shall ------------- have no rights under this Agreement with respect to the Global Warrants held on their behalf by the Depositary or the Warrant Agent as its custodian, and the Depositary may be treated by the Company, the Warrant Agent and any agent of the Company or the Warrant Agent as the absolute owner of each such Restricted Global Warrant, Regulation S Global Warrant or IAI Global Warrant, as the case may be, for all purposes whatsoever. Notwithstanding the foregoing, nothing Nothing herein shall prevent the Company, the Warrant Agent or any agent of the Company or the Warrant Agent, from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Warrants.

Appears in 1 contract

Samples: Warrant Agreement (RSL Communications PLC)

Book-Entry Provisions for the Global Warrants. (a) ------------ --------------------------------------------- The Restricted Global Warrant and the Legended Regulation S Global Warrant initially shall (i) be registered in the name of the Depositary for such Global Warrant or the nominee of such Depositary, (ii) be delivered to the Warrant Agent as custodian for such Depositary and (iii) bear legends as set forth in Section 2.2 hereof. Members of, or participants in, the Depositary ("Agent MembersAGENT MEMBERS") shall ------------- have no rights under this Agreement with respect to the Global Warrants held on their behalf by the Depositary or the Warrant Agent as its custodian, and the Depositary may be treated by the Company, the Warrant Agent and any agent of the Company or the Warrant Agent as the absolute owner of each such Global Warrant for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Warrant Agent or any agent of the Company or the Warrant Agent, from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Warrants.

Appears in 1 contract

Samples: Warrant Agreement (Econophone Inc)

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Book-Entry Provisions for the Global Warrants. (a) ------------ --------------------------------------------- The Restricted Global Warrant and the Legended Regulation S Global Warrant Warrants initially shall (i) be registered in the name of the Depositary for such Global Warrant or the nominee of such Depositary, (ii) be delivered to the Warrant Agent (acting through its London branch) as custodian for such Common Depositary and (iii) bear legends as set forth in Section 2.2 hereof. Members of, or participants in, the Depositary ("Agent MembersAGENT MEMBERS") shall ------------- have no rights under this Agreement with respect to the Global Warrants held on their behalf by the Depositary or the Warrant Agent (acting through its London branch) as its custodianCommon Depositary , and the Common Depositary or other Depositary (in the case of the Global DTC Warrants) may be treated by the Company, the Warrant Agent and any agent of the Company or the Warrant Agent as the absolute owner of each such Global Warrant or Global DTC Warrant for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Warrant Agent or any agent of the Company or the Warrant Agent, from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Warrants.

Appears in 1 contract

Samples: Warrant Agreement (Carrier1 International S A)

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