Common use of Cancellation of Debt Warrant Certificates Clause in Contracts

Cancellation of Debt Warrant Certificates. Any Debt Warrant Certificate surrendered for exchange [, registration of transfer] or exercise of the Debt Warrants evidenced thereby shall, if surrendered to the Company, be delivered to the Debt Warrant Agent and all Debt Warrant Certificates surrendered or so delivered to the Debt Warrant Agent shall be promptly cancelled by the Debt Warrant Agent and shall not be reissued and, except as expressly permitted by this Agreement, no Debt Warrant Certificate shall be issued hereunder in exchange or in lieu thereof. The Debt Warrant Agent shall deliver to the Company from time to time or otherwise dispose of cancelled Debt Warrant Certificates in a manner satisfactory to the Company. [If Debt Warrant Certificates are issued in bearer form -- Debt Warrant Certificates delivered to the Debt Warrant Agent in exchange for Debt Warrant Certificates of other denominations may be retained by the Debt Warrant Agent for reissue as authorized hereunder.] The Company may at any time deliver to the Debt Warrant Agent for cancellation any Debt Warrant Certificates previously issued hereunder which the Company may have acquired in any manner whatsoever, and all Debt Warrant Certificates so delivered shall be promptly cancelled by the Debt Warrant Agent. All cancelled Debt Warrant Certificates held by the Debt Warrant Agent shall be disposed of as instructed by the Company, subject to applicable law.

Appears in 2 contracts

Samples: Debt Warrant Agreement (Carramerica Realty Corp), Warrant Agreement (At&t Capital Corp /De/)

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Cancellation of Debt Warrant Certificates. Any Debt Warrant Certificate surrendered for exchange [, registration of transfer] or exercise of the Debt Warrants evidenced thereby shall, if surrendered to the Company, be delivered to the Debt Warrant Agent and all Debt Warrant Certificates surrendered or so delivered to the Debt Warrant Agent shall be promptly cancelled canceled by the Debt Warrant Agent and shall not be reissued and, except as expressly permitted by this Agreement, no Debt Warrant Certificate shall be issued hereunder in exchange or in lieu thereof. The Debt Warrant Agent shall deliver to the Company from time to time or otherwise dispose of cancelled canceled Debt Warrant Certificates in a manner satisfactory to the Company. [If Debt Warrant Certificates are issued in bearer form -- Debt Warrant Certificates delivered to the Debt Warrant Agent in exchange for Debt Warrant Certificates of other denominations may be retained by the Debt Warrant Agent for reissue as authorized hereunder.] The Company may at any time deliver to the Debt Warrant Agent for cancellation any Debt Warrant Certificates previously issued hereunder which the Company may have acquired in any manner whatsoever, and all Debt Warrant Certificates so delivered shall be promptly cancelled canceled by the Debt Warrant Agent. All cancelled canceled Debt Warrant Certificates held by the Debt Warrant Agent shall be disposed of as instructed by the Company, subject to applicable law.

Appears in 1 contract

Samples: Debt Warrant Agreement (New Plan Realty Trust)

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Cancellation of Debt Warrant Certificates. Any Debt Warrant Certificate surrendered for exchange [, registration of transfer] or exercise of the Debt Warrants evidenced thereby shall, if surrendered to the Company, be delivered to the Debt Warrant Agent and all Debt Warrant Certificates surrendered or so delivered to the Debt Warrant Agent shall be promptly cancelled canceled by the Debt Warrant Agent and shall not be reissued and, except as expressly permitted by this Agreement, no Debt Warrant Certificate shall be issued hereunder in exchange or in lieu thereof. The Debt Warrant Agent shall deliver to the Company from time to time or otherwise dispose of cancelled canceled Debt Warrant Certificates in a manner satisfactory to the Company. [If Debt Warrant Certificates are issued in bearer form -- form—Debt Warrant Certificates delivered to the Debt Warrant Agent in exchange for Debt Warrant Certificates of other denominations may be retained by the Debt Warrant Agent for reissue as authorized hereunder.] The Company may at any time deliver to the Debt Warrant Agent for cancellation any Debt Warrant Certificates previously issued hereunder which the Company may have acquired in any manner whatsoever, and all Debt Warrant Certificates so delivered shall be promptly cancelled canceled by the Debt Warrant Agent. All cancelled canceled Debt Warrant Certificates held by the Debt Warrant Agent shall be disposed of as instructed by the Company, subject to applicable law.. ARTICLE V.

Appears in 1 contract

Samples: Debt Warrant Agreement (New Plan Excel Realty Trust Inc)

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