Common use of Cancellation and Destruction of Warrant Certificates Clause in Contracts

Cancellation and Destruction of Warrant Certificates. All Warrant Certificates surrendered for the purpose of exercise, transfer, split up, combination or exchange shall, if surrendered to the Company or to any of its agents, be delivered to the Warrant Agent for cancellation or in canceled form, or, if surrendered to the Warrant Agent, shall be canceled by it, and no Warrant Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Warrant Agent for cancellation and retirement, and the Warrant Agent shall so cancel and retire, any other Warrant Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. The Warrant Agent will become the sole recordkeeping agent for the Warrants, and shall maintain such records in accordance with its standard practices and applicable law. Upon issuing Shares for the exercise of such Warrant, the certificates representing such Warrants will be canceled by Agent.

Appears in 1 contract

Samples: Warrant Agency Agreement (Ocean Power Technologies, Inc.)

AutoNDA by SimpleDocs

Cancellation and Destruction of Warrant Certificates. All Warrant Certificates surrendered for the purpose of exercise, transfer, split up, combination or exchange shall, if surrendered to the Company or to any of its agents, be delivered to the Warrant Agent for cancellation or in canceled form, or, if surrendered to the Warrant Agent, shall be canceled by it, and no Warrant Certificates Certificate shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Warrant Agent for cancellation and retirement, and the Warrant Agent shall so cancel and retire, any other Warrant Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. The Warrant Agent will become shall deliver all canceled Warrant Certificates to the sole recordkeeping agent for Company, or shall, at the Warrantswritten request of the Company, and shall maintain destroy such records in accordance with its standard practices and canceled Warrant Certificates, subject to any applicable law. Upon issuing Shares for , rule or regulation requiring the exercise of Warrant Agent to retain such Warrant, the certificates representing such Warrants will be canceled by Agentcertificates.

Appears in 1 contract

Samples: Warrant Agency Agreement (Westwater Resources, Inc.)

AutoNDA by SimpleDocs

Cancellation and Destruction of Warrant Certificates. All Warrant Certificates surrendered for the purpose of exercise, transfer, split up, combination or exchange shall, if surrendered to the Company or to any of its agents, be delivered to the Warrant Agent for cancellation or in canceled cancelled form, or, if surrendered to the Warrant Agent, shall be canceled cancelled by it, and no Warrant Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Warrant Agreement. The Company shall deliver to the Warrant Agent for cancellation and retirement, and the Warrant Agent shall so cancel and retire, any other Warrant Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. The Warrant Agent will become shall deliver all cancelled Warrant Certificates to the sole recordkeeping agent for Company, or shall, at the Warrantswritten request of the Company, destroy such cancelled Warrant Certificates, and in such case shall maintain such records in accordance with its standard practices and applicable law. Upon issuing Shares for deliver a certificate of destruction thereof to the exercise of such Warrant, the certificates representing such Warrants will be canceled by AgentCompany.

Appears in 1 contract

Samples: Stock Disposition Agreement (American Standard Companies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!