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 in full or in part, and in any event within five (5) days thereafter, the Company, at its expense (including the payment by it of any applicable issue taxes), will cause to be issued in the name of and delivered to the Holder, or as the Holder (upon payment by the Holder of any applicable transfer taxes) may direct, a certificate or certificates for the number of fully paid and non-assessable Warrant Shares to which the Holder shall be entitled on such exercise, plus, in lieu of any fractional share to which the Holder would otherwise be entitled, cash equal to such fraction multiplied by the then current market value of one (1) full share, together with any other stock or other securities and property (including cash, where applicable) to which the Holder is entitled upon such exercise pursuant to Section 1 or otherwise.

Appears in 6 contracts

Samples: Glycomimetics Inc, Glycomimetics Inc, Glycomimetics Inc

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Delivery of Stock Certificates on Exercise. As soon as practicable after the exercise of this Warrant in full or in partWarrant, and in any event within five (5) business days thereafter, the Company, Company at its expense (including the payment by it of any applicable issue or stamp taxes), ) will cause to be issued in the name of and delivered to the Holder, or as the Holder (upon payment by the Holder of any applicable transfer taxes) may direct, a certificate or certificates for the number of fully paid and non-assessable Warrant Shares nonassessable shares of Common Stock to which the Holder shall be entitled on such exercise, in such denominations as may be requested by the Holder, plus, in lieu of any fractional share to which the Holder would otherwise be entitled, cash equal to such fraction multiplied by the then current market value (as determined in good faith by the Board of Directors), of one full share (1) full shareless such fractional exercise price with respect to such shares), together with any other stock or other securities and property (including cash, where applicable) to which the Holder is entitled upon such exercise pursuant to Section 1 or otherwise.

Appears in 2 contracts

Samples: Grote Molen Inc, Grote Molen Inc

Delivery of Stock Certificates on Exercise. As soon as practicable after the exercise of this Warrant in full or in part, and in any event within five (5) ten days thereafter, the Company, Company at its expense (including the payment by it of any applicable issue taxes), ) will cause to be issued in the name of and delivered to the Holderholder hereof, or as the Holder such holder (upon payment by the Holder such holder of any applicable transfer taxes) may direct, a certificate or certificates for the number of fully paid and non-assessable Warrant Shares nonassessable shares of Common Stock (or Other Securities) to which the Holder such holder shall be entitled on such exercise, plus, in lieu of any fractional share to which the Holder such holder would otherwise be entitled, cash equal to such fraction multiplied by the then current market value of one (1) full share, together with any other stock or other securities and property (including cash, where applicable) to which the Holder such holder is entitled upon such exercise pursuant to Section 1 or otherwiseotherwise under the terms of this Warrant.

Appears in 2 contracts

Samples: Long Distance International Inc, Long Distance International Inc

Delivery of Stock Certificates on Exercise. As soon as practicable after the exercise of this Warrant in full or in partWarrant, and in any event within five thirty (530) days thereafter, the CompanyCorporation, at its expense (including the payment by it of any applicable issue taxes)expense, will cause to be issued in the name of and delivered to the Holder, or as the Holder may direct (upon payment by the Holder of any applicable transfer taxes) may directtaxes as required by Section 2.8 hereof and subject to, in all cases, the provisions of Section 9 hereof), a certificate or certificates for the number of fully paid and non-assessable Warrant Shares to which purchased by the Holder shall be entitled on such exercise, plus, in lieu of any fractional share to which the Holder would otherwise be entitled, cash equal to such fraction multiplied by the then current market value Fair Market Value. The provisions set forth in Section 7.5 of one (1) full share, together with any other stock or other securities the Securities Purchase Agreement will apply and property (including cash, where applicable) to which be for the benefit of the Holder is entitled upon of this Warrant to the same extent as if the full text of all of such exercise pursuant to Section 1 or otherwiseprovisions were set forth in this Warrant.

Appears in 1 contract

Samples: Cubist Pharmaceuticals Inc

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Delivery of Stock Certificates on Exercise. As soon as practicable after the exercise of this Warrant in full or in part, and in any event within five sixty (560) days thereafter, the Company, Company at its expense (including the payment by it of any applicable issue taxes), ) will cause to be issued in the name of and delivered to the Holderholder hereof, or as the Holder such holder (upon payment by the Holder such holder of any applicable transfer taxes) may direct, a certificate or certificates for the number of fully paid and non-assessable Warrant Shares nonassessable shares of Common Stock (or Other Securities) to which the Holder such holder shall be entitled on such exercise, plus, in lieu of any fractional share to which the Holder such holder would otherwise be entitled, cash equal to such fraction multiplied by the then current market value of one (1) full share, together with any other stock or other securities and property (including cash, where applicable) to which the Holder such holder is entitled upon such exercise pursuant to Section 1 or otherwise.

Appears in 1 contract

Samples: Greenman Technologies Inc

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