Common use of Deferral of Issuance Clause in Contracts

Deferral of Issuance. In any case in which this Article V shall require that any adjustment in the number of Warrant Shares purchasable hereunder or in the Exercise Price be made effective as of immediately after a record date for a specified event, the Company may elect to defer, until the occurrence of such event, the issuing to the Holder of any Warrant exercised after such record date of the shares of Common Stock and other capital stock of the Company, if any, issuable upon such exercise over and above the number of shares of Common Stock and other capital stock of the Company, if any, that would have been issuable upon such exercise on the basis of the Exercise Price in effect prior to such adjustment. In such case, the Company shall deliver to the Holder a due bill or other appropriate instrument evidencing the Holder's right xx xeceive such additional shares upon the occurrence of the event requiring such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Eagle Pacific Industries Inc/Mn)

AutoNDA by SimpleDocs

Deferral of Issuance. In any case in which this Article V shall require that any adjustment in the number of Warrant Shares purchasable hereunder or in the Exercise Price be made effective as of immediately after a record date for a specified event, the Company may elect to defer, until the occurrence of such event, the issuing to the Holder of any Warrant exercised after such record date of the shares of Common Stock and other capital stock of the Company, if any, issuable upon such exercise over and above the number of shares of Common Stock and other capital stock of the Company, if any, that would have been issuable upon such exercise on the basis of the Exercise Price in effect prior to such adjustment. In such case, the Company shall deliver to the Holder a due bill or xx other appropriate instrument evidencing the Holder's right xx xeceive to receive such additional shares upon the occurrence of the event requiring such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Carrizo Oil & Gas Inc)

Deferral of Issuance. In any case in which this Article V shall require that any adjustment in the number of Warrant Shares purchasable hereunder or in the Exercise Price be made effective as of immediately after a record date for a specified event, the Company may elect to defer, until the occurrence of such event, the issuing to the Holder of any Warrant exercised after such record date of the shares of Common Stock and other capital stock of the Company, if any, issuable upon such exercise over and above the number of shares of Common Stock and other capital stock of the Company, if any, that would have been issuable upon such exercise on the basis of the Exercise Price in effect prior to such adjustment. In such case, the Company shall deliver to the Holder a due bill or other appropriate instrument evidencing the Holder's right xx xeceive to xxxeive such additional shares upon the occurrence of the event requiring such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Carrizo Oil & Gas Inc)

Deferral of Issuance. In any case in which this Article V shall require that any adjustment in the number of Warrant Shares purchasable hereunder or in the Exercise Price be made effective as of immediately after a record date for a specified event, the Company may elect to defer, until the occurrence of such event, the issuing to the Holder of any Warrant exercised after such record date of the shares of Common Stock and other capital stock of the Company, if any, issuable upon such exercise over and above the number of shares of Common Stock and other capital stock of the Company, if any, that would have been issuable upon such exercise on the basis of the Exercise Price in effect prior to such adjustment. In such case, the Company shall deliver to the Holder a due bill bxxx or other appropriate instrument evidencing the Holder's ’s right xx xeceive to receive such additional shares upon the occurrence of the event requiring such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Pw Eagle Inc)

Deferral of Issuance. In any case in which this Article V IV shall require that any adjustment in the number of shares of Warrant Shares purchasable hereunder Common Stock or in the Exercise Price be made effective as of immediately after a record date for a specified event, the Company may elect to defer, until the occurrence of such event, the issuing to the Holder of any Warrant Warrants exercised or converted after such record date of the shares of Common Stock and other capital stock of the Company, if any, issuable upon such exercise over and above the number of shares of Common Stock and other capital stock of the Company, if any, that would have been issuable upon such exercise on the basis of the Exercise Price in effect prior to such adjustment. In such case, the Company shall deliver to the Holder a due bill xxxx or other appropriate instrument evidencing the Holder's right xx xeceive to receive such additional shares of Common Stock upon the occurrence of the event requiring such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Sonoran Energy Inc)

AutoNDA by SimpleDocs

Deferral of Issuance. In any case in which this Article V shall require that any adjustment in the number of Warrant Shares purchasable hereunder issuable upon the exercise of any Warrant or in the Exercise Price be made effective as of immediately after a record date for a specified event, the Company may elect to defer, until the occurrence of such event, the issuing to the Holder of any Warrant exercised after such record date of the shares of Common Stock and shares or other capital stock units of other securities of the Company, if any, issuable upon such exercise over and above the number of shares of Common Stock and or other capital stock of the Company, if any, units that would have been issuable upon such exercise on the basis of the Exercise Price in effect prior to such adjustment. In such case, the Company shall deliver to the Holder a due bill or xx other appropriate instrument evidencing the Holder's right xx xeceive to receive such additional shares or other units upon the occurrence of the event requiring such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Huntsman Packaging of Canada LLC)

Deferral of Issuance. In any case in which this Article V shall require that any adjustment in the number of Warrant Shares purchasable hereunder or in the Exercise Price be made effective as of immediately after a record date for a specified event, the Company may elect to defer, until the occurrence of such event, the issuing to the Holder of any Warrant exercised after such record date of the shares of Common Stock and other capital stock of the Company, if any, issuable upon such exercise over and above the number of shares of Common Stock and other capital stock of the Company, if any, that would have been issuable upon such exercise on the basis of the Exercise Price in effect prior to such adjustment. In such case, the Company shall deliver to the Holder a due bill xxxx or other appropriate instrument evidencing the Holder's right xx xeceive to receive such additional shares upon the occurrence of the event requiring such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Pw Eagle Inc)

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