Common use of Delivery of Stock Certificates on Exercise Clause in Contracts

Delivery of Stock Certificates on Exercise. As soon as practicable after the exercise of this Warrant and payment of the Purchase Price, and in any event within five (5) business days thereafter, the Company, at its expense, will cause to be issued in the name of and delivered to the Holder hereof a certificate or certificates for the number of fully paid and non-assessable shares of Common Stock or other securities or property to which such Holder shall be entitled upon such exercise, plus, in lieu of any fractional share interest to which such Holder would otherwise be entitled, cash equal to such fraction multiplied by the then current market value of one full share of Common Stock or other securities to which such Holder shall be so entitled.

Appears in 5 contracts

Samples: Purchase Agreement (Logimetrics Inc), Common Stock Purchase Warrant (Logimetrics Inc), Common Stock Purchase Warrant (Cramer Rosenthal McGlynn LLC /Adv)

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Delivery of Stock Certificates on Exercise. As soon as practicable after the exercise of this Warrant Right and payment of the Purchase Price, and in any event within five (5) business days thereafter, the Company, at its expense, will cause to be issued in the name of and delivered to the Holder hereof a certificate or certificates for the number of fully paid and non-assessable shares of Common Stock Shares or other securities or property to which such Holder shall be entitled upon such exercise, plus, in lieu of any fractional share interest to which such Holder would otherwise be entitled, cash equal to such fraction multiplied by the then current market value of one full share of Common Stock Share or other securities to which such Holder shall be so entitled.

Appears in 3 contracts

Samples: Common Share Purchase Right (Lasalle Hotel Properties), Common Share Purchase Right (Lasalle Hotel Properties), Common Share Purchase Right (Lasalle Hotel Properties)

Delivery of Stock Certificates on Exercise. As soon as practicable after the exercise of this Warrant Right and payment of the Purchase Price, and in any event within five (5) business days thereafter, the Company, at its expense, will cause to be issued in the name of and delivered to the Holder hereof a certificate or certificates for the number of fully paid and non-assessable shares of Common Stock Shares, Units (if certificated) or other securities or property to which such Holder shall be entitled upon such exercise, plus, in lieu of any fractional share or unit interest to which such Holder would otherwise be entitled, cash equal to such fraction multiplied by the then current market value of one full share of Common Stock Share or Unit or other securities to which such Holder shall be so entitled.

Appears in 1 contract

Samples: Common Share Purchase Right (Lasalle Hotel Properties)

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Delivery of Stock Certificates on Exercise. As soon as practicable after the exercise of this Warrant Right and payment of the Purchase Price, and in any event within five (5) business days thereafter, the Company, at its expense, will cause to be issued in the name of and delivered to the Holder hereof a certificate or certificates for the number of fully paid and non-assessable shares of Common Stock Shares, or Units (if certificated) or other securities or property to which such Holder shall be entitled upon such exercise, plus, in lieu of any fractional share or unit interest to which such Holder would otherwise be entitled, cash equal to such fraction multiplied by the then current market value of one full share of Common Stock Share or Unit or other securities to which such Holder shall be so entitled.

Appears in 1 contract

Samples: Common Share Purchase Right (Lasalle Hotel Properties)

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