Common use of Cancellation or Adjustment of Global Warrant Clause in Contracts

Cancellation or Adjustment of Global Warrant. At such time as all beneficial interests in a Global Warrant have either been exchanged for Definitive Warrants, transferred, redeemed, repurchased, canceled or exercised such Global Warrant shall be returned by the Depositary to the Warrant Agent for cancellation or retained and canceled by the Warrant Agent. At any time prior to such cancellation, if any beneficial interest in a Global Warrant is exchanged for Definitive Warrants, transferred in exchange for an interest in another Global Warrant, redeemed, repurchased, canceled or exercised the number of Warrants represented by such Global Warrant shall be reduced and an adjustment shall be made on the books and records of the Warrant Agent (if it is then the Warrant Custodian for such Global Warrant) with respect to such Global Warrant, by the Warrant Agent or the Warrant Custodian, to reflect such reduction.

Appears in 2 contracts

Samples: Warrant Agreement (Quality Distribution Inc), Warrant Agreement (Quality Distribution Inc)

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Cancellation or Adjustment of Global Warrant. At such time as all beneficial interests in a Global Warrant have either been exchanged for Definitive Warrants, transferredrepurchased or canceled, redeemed, repurchased, canceled or exercised such Global Warrant shall be returned by the Depositary to the Warrant Agent for cancellation or retained and canceled by the Warrant Agent. At any time prior to such cancellation, if any beneficial interest in a Global Warrant is transferred or exchanged for Definitive Warrants, transferred in exchange for an interest in another Global Warrant, redeemed, repurchased, canceled exercised or exercised canceled, the number of Warrants represented by such Global Warrant shall be reduced and the Warrant Agent shall make an adjustment shall be made on the its books and records of the Warrant Agent (if it is then the Warrant Custodian for such Global Warrant) with respect to such Global Warrant, by the Warrant Agent or the Warrant Custodian, to reflect such reduction; provided that, in the case of an adjustment on account of an exercise of Warrants, the Warrant Agent shall have no duty or obligation to make such adjustment until it has received notice from the Holder of the amount thereof.

Appears in 2 contracts

Samples: Warrant Agreement (Contura Energy, Inc.), Warrant Agreement (Contura Energy, Inc.)

Cancellation or Adjustment of Global Warrant. At such time as all beneficial interests in a Global Warrant have either been exchanged for Definitive Warrants, transferred, redeemed, repurchased, canceled exercised or exercised canceled, such Global Warrant shall be returned by the Depositary to the Warrant Agent for cancellation or retained and canceled by the Warrant Agent. At any time prior to such cancellation, if any beneficial interest in a Global Warrant is exchanged (including, without limitation, for Definitive Warrants, transferred in exchange for an interest in another Global Warrant, redeemed), repurchased, canceled exercised or exercised canceled, the number of Warrants represented by such Global Warrant shall be reduced and the Warrant Agent shall make an adjustment shall be made on the its books and records of the Warrant Agent (if it is then the Warrant Custodian for such Global Warrant) with respect to such Global Warrant, by the Warrant Agent or the Warrant Custodian, to reflect such reduction; provided that, in the case of an adjustment on account of an exercise of Warrants, the Warrant Agent shall have no duty or obligation to make such adjustment until it has received notice from the Holder of the amount thereof.

Appears in 1 contract

Samples: Warrant Agreement (California Resources Corp)

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Cancellation or Adjustment of Global Warrant. At such time as all beneficial interests in a Global Warrant have either been exchanged for Definitive Warrants, transferred, redeemed, repurchased, canceled exercised or exercised canceled, such Global Warrant shall be returned by the Depositary to the Warrant Agent for cancellation or retained and canceled by the Warrant Agent. At any time prior to such cancellation, if any beneficial interest in a Global Warrant is exchanged (including, without limitation, for Definitive Warrants and/or New Warrants, transferred in exchange for an interest in another Global Warrant, redeemed), repurchased, canceled exercised or exercised canceled, the number of Warrants represented by such Global Warrant shall be reduced and the Warrant Agent shall make an adjustment shall be made on the its books and records of the Warrant Agent (if it is then the Warrant Custodian for such Global Warrant) with respect to such Global Warrant, by the Warrant Agent or the Warrant Custodian, to reflect such reduction; provided that, in the case of an adjustment on account of an exercise of Warrants, the Warrant Agent shall have no duty or obligation to make such adjustment until it has received notice from the Holder of the amount thereof.

Appears in 1 contract

Samples: Warrant Agreement (Arch Coal Inc)

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