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 been exchanged for Certificated Warrants, redeemed, repurchased or canceled, such Global Warrant shall be returned to the Depository for cancellation or retained and canceled by the Warrant Agent, and, after cancellation, shall be destroyed in accordance with the Warrant Agent’s standard procedures. At any time prior to such cancellation, if any beneficial interest in a Global Warrant is exchanged for Certificated Warrants, redeemed, repurchased or canceled, 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, to reflect such reduction.

Appears in 2 contracts

Samples: Warrant Agreement (Alion Science & Technology Corp), Warrant Agreement (Alion Science & Technology 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 Certificated Definitive Warrants, transferred, redeemed, repurchased repurchased, canceled or canceled, exercised such Global Warrant shall be returned by the Depositary to the Depository Warrant Agent for cancellation or retained and canceled by the Warrant Agent, and, after cancellation, shall be destroyed in accordance with the Warrant Agent’s standard procedures. At any time prior to such cancellation, if any beneficial interest in a Global Warrant is exchanged for Certificated Definitive Warrants, transferred in exchange for an interest in another Global Warrant, redeemed, repurchased repurchased, canceled or canceled, 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 AgentAgent or the Warrant Custodian, to reflect such reduction.

Appears in 2 contracts

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

Cancellation or Adjustment of Global Warrant. At such time as all beneficial interests in a Global Warrant have been exchanged for Certificated Definitive Warrants, redeemed, repurchased or canceled, such Global Warrant shall be returned to by the Depository Depositary for cancellation or retained and canceled by the Warrant Agent, and, after cancellation, shall be destroyed in accordance with the Warrant Agent’s standard procedures. At any time prior to such cancellation, if any beneficial interest in a Global Warrant is transferred or exchanged for Certificated Definitive Warrants, redeemedrepurchased, repurchased exercised or 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, 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.)

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Cancellation or Adjustment of Global Warrant. At such time as all beneficial interests in a Global Warrant have been exchanged for Certificated Book-Entry Warrants, redeemed, repurchased or canceled, or the Warrants represented by such Global Warrant have been exercised, such Global Warrant shall be returned to the Depository Warrant Agent for cancellation or retained and canceled by the Warrant Agent, and, after cancellation, shall be destroyed in accordance with each case upon written instructions from the Company satisfactory to the Warrant Agent’s standard procedures. At any time prior to such cancellation, if any beneficial interest in a Global Warrant is exchanged for Certificated Book-Entry Warrants, redeemed, repurchased or canceled, or any of the Warrants represented by such Global Warrant are 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) Certificate Register with respect to such Global Warrant, by the Warrant Agent, to reflect such reduction.

Appears in 1 contract

Samples: Warrant Agreement (Hutchinson Technology Inc)

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