Cancellation and Replacement Clause Samples
Cancellation and Replacement. Upon notice to the Warrantholder, this Warrant may be redeemed upon cancellation for no consideration as to all or any portion of the warrants underlying this Warrant or any Warrant Shares issued upon exercise of this Warrant pursuant to Section 9.3 of the Option Agreement. To the extent that only a portion of this Warrant is cancelled pursuant to Section 9.3 of the Option Agreement, the Company, upon receipt of this Warrant, shall promptly deliver to the Warrantholder a new Warrant of like tenor and date representing in the aggregate the right to purchase the balance of the Warrants not cancelled pursuant to Section 9.3 of the Option Agreement.
Cancellation and Replacement. CONTRACTOR will file replacement certificates 30 days prior to expiration or termination of any required insurance occurring prior to expiration or termination of this Contract. If such insurance terminates without CONTRACTOR’s prior knowledge, immediately upon becoming aware of such termination CONTRACTOR will provide notice to the City’s Risk Manager at P.O. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇- ▇▇▇▇. The CITY reserves the right to suspend any or all of the Work until such insurance has been replaced, or to obtain replacement insurance at CONTRACTOR’s sole cost.