Cancellation of the Warrants Sample Clauses

Cancellation of the Warrants. In the event the Company shall purchase a Warrant, or otherwise acquire any of the Warrants, the particular Warrant shall be canceled and retired.
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Cancellation of the Warrants. (a) The parties hereby agree that the Warrant Agreement shall be terminated and the Warrants shall be canceled effective as of the date on which the Guaranty, made as of May 31, 1995, by WMX in favor of the Banks listed therein (the "Guaranty"), terminates in accordance with Section 10(a) thereof (such date, the "Common Termination Date"), without the payment of any separate consideration therefor. The parties hereby agree to use their reasonable best efforts to cause the events specified in Section 10(a) of the Guaranty to occur prior to the second business day subsequent to the Effective Time. (b) WMX agrees not to exercise its rights pursuant to Sections 3.1 or 3.2 of the Warrant Agreement prior to the earlier to occur of (i) the second business day subsequent to the Effective Time, and (ii) the termination of the Merger Agreement in accordance with its terms. (c) WMX agrees not to exercise its rights pursuant to Section 2.2 of the Warrant Agreement with respect to the Merger Transactions prior to the second business day subsequent to the Effective Time. (d) WMX hereby waives its rights under Sections 2.1 through 2.7 of the Warrant Agreement with respect to the NSC Distribution.
Cancellation of the Warrants. Any Warrants outstanding as of the Expiration Time shall be automatically cancelled without any further action on the part of the Warrant Agent or any other Person.
Cancellation of the WarrantsEXCHANGE OF WARRANTS FOR SERIES B PREFERRED STOCK. (a) In consideration of and in express reliance upon the representations, warranties, covenants, terms and conditions of this Agreement, the Holder and the Company agree to the cancellation of the Warrants and the exchange of the Warrants into newly issued shares of Series B Preferred Stock in the amounts set forth on EXHIBIT A attached hereto. (b) The closing under this Agreement (the "CLOSING") shall take place at the offices of Sadis & Gxxxxxxx LLP, 500 Xxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 upon the satisfaction or waiver of each of the conditions set forth in Sections 4 and 5 hereof (the "CLOSING DATE"). At the Closing, the Company shall issue to the Holder the shares of Series B Preferred Stock and the Holder shall deliver to the Company for cancellation the Warrants. (c) The designation, rights, preferences and other terms and provisions of the Series B Preferred Stock are set forth in the Certificate of Designation of the Relative Rights and Preferences of the Series B Convertible Preferred Stock attached hereto as EXHIBIT B (the "CERTIFICATE OF DESIGNATION"). (d) The shares of Series B Preferred Stock issuable upon the exchange of the Warrants and the shares of Common Stock issuable upon conversion of the Series B Preferred Stock are sometimes collectively referred to herein as the "SECURITIES".
Cancellation of the Warrants. Any Warrant Certificate shall be promptly cancelled by the Warrant Agent upon the earlier of (i) the mutilation of the Warrant Certificate as described in Section 5.02, or (ii) registration of Transfer or exercise of such Warrants (or, in the case of a Global Warrant, all Warrants represented thereby) and, except as provided in this Article 2 in case of a Transfer or Section 5.02 in case of mutilation, no Warrant Certificate shall be issued hereunder in lieu thereof.
Cancellation of the Warrants. In the event the Company shall purchase or otherwise acquire any Warrants, the same shall be canceled and retired.
Cancellation of the WarrantsThe Note is hereby converted into the Shares. The Holder shall surrender the Note to the Company. The Note is and shall be deemed to have been indefeasibly satisfied in full.
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Cancellation of the WarrantsThe Warrants are hereby canceled, null and void, and of no further effect.
Cancellation of the Warrants. By its signature below, effective immediately the undersigned Note holder hereby agrees that the Related Warrant is hereby forfeited and cancelled. The Note Holder agrees to forward to the Company a copy of the warrant instrument representing the Related Warrants with the word “CANCELLED” written across the first page of such warrant instrument. Alternatively, if such warrant instrument is not remitted to the Company the Note Holder agrees that the Company may take all action necessary to reflect the forfeiture and cancellation of such warrant instrument representing the Related Warrants.
Cancellation of the Warrants. Releasor hereby irrevocably surrenders and cancels the Warrants effective as of the Avalon Closing. As a result of the surrender and cancellation of the Warrants, the Warrants and all of Releasor’s rights to purchase equity of the Company thereunder shall be terminated and the Warrants shall no longer be outstanding or in force or effect.
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