Common use of Certificated Warrant to Global Warrant Clause in Contracts

Certificated Warrant to Global Warrant. Subject to compliance with Section 6.2(b), if a Certificated Warrant is transferred or exchanged for a beneficial interest in a Global Warrant, the Warrant Agent will (1) cancel such Certificated Warrant, (2) record an increase in such Global Warrant equal to the number of Warrants being transferred or exchanged and (3) in the event that such transfer or exchange involves less than the entire amount of the canceled Certificated Warrant, deliver to the Holder thereof one or more new Certificated Warrants having an aggregate number of Warrants equal to the untransferred or unexchanged portion of the canceled Certificated Warrant, registered in the name of the Holder thereof.

Appears in 2 contracts

Samples: Warrant Agreement (Far East Energy Corp), Warrant Agreement (Far East Energy Corp)

AutoNDA by SimpleDocs

Certificated Warrant to Global Warrant. Subject to compliance with Section 6.2(b3.10(b), if a Certificated Warrant is transferred or exchanged for a beneficial interest in a Global Warrant, the Warrant Agent will (1x) cancel such Certificated Warrant, (2y) record an increase in such Global Warrant equal to the number of Warrants being transferred or exchanged and (3z) in the event that such transfer or exchange involves less than the entire amount of the canceled Certificated Warrant, deliver to the Holder thereof one or more new Certificated Warrants having an aggregate number of Warrants equal to the untransferred or unexchanged portion of the canceled Certificated Warrant, registered in the name of the Holder thereof.

Appears in 2 contracts

Samples: Warrant Agreement (Green Field Energy Services, Inc.), Warrant Agreement (IPMT Transport, LLC)

AutoNDA by SimpleDocs

Certificated Warrant to Global Warrant. Subject to compliance with Section 6.2(b)3.09, if a Certificated Warrant is transferred or exchanged for a beneficial interest in a Global WarrantWarrant in accordance with this Section 3.08, the Warrant Agent will (1x) cancel such Certificated Warrant, (2y) record an increase in such Global Warrant equal to the number of Warrants being transferred or exchanged and (3z) in the event that such transfer or exchange involves less than the entire amount of the canceled Certificated Warrant, deliver to the Holder thereof one or more new Certificated Warrants having an aggregate number of Warrants equal to the untransferred or unexchanged portion of the canceled Certificated Warrant, registered in the name of the Holder thereof.

Appears in 1 contract

Samples: Warrant Agreement (SM Energy Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!