Common use of Date of Issuance of Shares Clause in Contracts

Date of Issuance of Shares. AMLH will issue the Series E Preferred -------------------------- to any Holder which has elected to cancel Warrants within 10 days of the date of any distributions by the Partnership which the Holder would have received had the Holder exercised such Warrants. At such time, AMLH will issue the number of shares to which the Holder is entitled with respect to such distribution pursuant to the formula set forth in Section 9.2.

Appears in 4 contracts

Samples: Warrant Agreement (American Leisure Holdings, Inc.), Warrant Agreement (American Leisure Holdings, Inc.), Warrant Agreement (American Leisure Holdings, Inc.)

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