Common use of Effect of Exercise of Warrants Clause in Contracts

Effect of Exercise of Warrants. (a) Upon compliance by the holder of any Warrant Certificate with the provisions of Section 3.1, and subject to Section 3.3, the Common Shares subscribed for shall be deemed to have been issued as fully paid and non-assessable and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date unless the transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such transfer registers are reopened. (b) Within five Business Days after the Exercise Date of a Warrant as set forth above, the Corporation shall cause to be mailed to the person or persons in whose name or names the Common Shares so subscribed for have been issued, as specified in the exercise form completed in connection with the exercise of the Warrants, at the address specified in such exercise form or, if so specified in such exercise form, cause to be delivered to such person or persons at the Warrant Agency where the Warrant Certificate was surrendered, a certificate or certificates for the appropriate number of Common Shares subscribed for.

Appears in 3 contracts

Samples: Warrant Indenture (Transatlantic Petroleum Corp.), Warrant Indenture (Transatlantic Petroleum Corp.), Warrant Indenture (Transatlantic Petroleum Corp.)

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Effect of Exercise of Warrants. (a1) Upon compliance by If the holder of any Warrant Certificate Warrants are duly exercised in accordance with the provisions of Section 3.1, sections 3.1 and subject to Section 3.33.2, the Common Shares Underlying Securities subscribed for shall be deemed to have been issued as fully paid and non-assessable and the person or persons to whom such Common Shares Underlying Securities are to be issued shall be deemed to have become the holder or holders of record of such Common Shares Underlying Securities on the Exercise Date unless the transfer registers of for the Corporation Common Shares shall be closed on such date, in which case the Common Shares Underlying Securities subscribed for shall be deemed to have been issued and such person or persons shall be deemed to have become the holder or holders of record of such Common Shares, the same on the date on which such transfer registers are reopenedre-opened. (b2) Within five In the case of Warrants which are exercised in accordance with the provisions of sections 3.1 and 3.2, within three Business Days after the Exercise Date of a Warrant as set forth abovesuch Warrants, the Corporation shall cause to be mailed to the person or persons in whose name or names the Common Shares Underlying Securities so subscribed for have been issuedare to be delivered, as specified in the exercise form completed in connection with the exercise of the WarrantsExercise Form, at the address specified in such exercise form Exercise Form, or, if so specified in such exercise formExercise Form, cause to be delivered to held for such person or persons for pick-up at the Warrant Agency where Agency, certificates representing the Warrant Certificate was surrenderedUnderlying Securities to be issued pursuant to such Exercise Form, a certificate or certificates for the appropriate number of Common Shares subscribed forregistered in such name.

Appears in 3 contracts

Samples: Warrant Indenture (Bridgeport Ventures Inc.), Warrant Indenture (Bridgeport Ventures Inc.), Warrant Indenture (Bridgeport Ventures Inc.)

Effect of Exercise of Warrants. (a1) Upon compliance by If the holder of any Warrant Certificate Warrants are duly exercised in accordance with the provisions of Section 3.1, 3.1 and subject to Section 3.2 or Section 3.3, the Common Shares Underlying Securities subscribed for shall be deemed to have been issued as fully paid and non-assessable and the person Person or persons Persons to whom such Common Shares Underlying Securities are to be issued shall be deemed to have become the holder or holders of record of such Common Shares Underlying Securities on the Exercise Date unless the transfer registers of for the Corporation Common Shares shall be closed on such date, in which case the Common Shares Underlying Securities subscribed for shall be deemed to have been issued and such person Person or persons Persons shall be deemed to have become the holder or holders of record of such Common Shares, the same on the date on which such transfer registers are reopenedre-opened. (b2) Within In the case of Warrants which are exercised in accordance with the provisions of Section 3.1 and Section 3.2 or Section 3.3, within five (5) Business Days after the Exercise Date of a Warrant as set forth abovesuch Warrants, the Corporation shall cause to be mailed to the person or persons Person in whose name or names the Common Shares Underlying Securities so subscribed for have been issuedare to be delivered, as specified in the exercise form completed in connection with the exercise of the WarrantsExercise Form, at the address specified in such exercise form Exercise Form, or, if so specified in such exercise formExercise Form, cause to be delivered to held for such person or persons Person for pick-up at the Warrant Agency where Agency, certificates representing the Warrant Certificate was surrenderedUnderlying Securities to be issued pursuant to such Exercise Form, a certificate or certificates for the appropriate number of Common Shares subscribed forregistered in such name.

Appears in 2 contracts

Samples: Warrant Indenture (Dragonwave Inc), Warrant Indenture (Dragonwave Inc)

Effect of Exercise of Warrants. (a) Upon compliance by the holder of any Warrant Certificate with the provisions of Section 3.1, and subject to Section 3.3, the Common Shares subscribed for shall be deemed to have been issued as fully paid and non-assessable and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date unless the transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such transfer registers are reopened. (b) Within five three Business Days after the Exercise Date of a Warrant as set forth above, the Corporation shall cause to be mailed to the person or persons in whose name or names the Common Shares so subscribed for have been issued, as specified in the exercise form completed in connection with the exercise of the Warrants, at the address specified in such exercise form or, if so specified in such exercise form, cause to be delivered to such person or persons at the Warrant Agency where the Warrant Certificate was surrendered, a certificate or certificates for the appropriate number of Common Shares subscribed for, or if requested, evidence of the Common Shares so subscribed for held in the Book-Based System.

Appears in 2 contracts

Samples: Warrant Indenture (Oilsands Quest Inc), Warrant Indenture (Oilsands Quest Inc)

Effect of Exercise of Warrants. (a1) Upon compliance by exercise of the holder of any Warrant Certificate Warrants in accordance with the provisions of Section 3.1section 4.2, and subject to Section 3.3sections 2.2, 4.4, 4.5, and 5.4, the Common Corporation shall cause the holder thereof to be entered forthwith on its register of shareholders as the holder of the Shares subscribed for and the Shares so acquired shall be deemed to have been issued as fully paid and non-assessable issued, and the person or persons to whom such Common those Shares are to be issued shall be deemed to have become the holder shareholder or holders shareholders of record of such Common the Shares on the Exercise Date unless the transfer registers register of the Corporation shall be closed on such that date, in which case the Common Shares subscribed for so acquired shall be deemed to have been be issued and such the person or persons shall be deemed to have become the holder shareholder or holders shareholders of record of such Common Shares, the Shares on the date on which such transfer registers are reopenedthe register is reopened and the Shares shall be issued on the later date. (b2) Within five Business Days after Upon the Exercise Date due exercise of a Warrant the Warrants as set forth aboveaforesaid, the Corporation shall shall, forthwith cause to be mailed delivered to the Trustee as agent for the person or persons in whose name or names the Shares and Warrants so acquired are to be issued as specified in the exercise forms attached to the Warrant Certificates, certificates for the appropriate number of Shares that the Warrantholders are entitled to pursuant to the Warrants surrendered. Upon receipt by the Trustee of such certificates the Trustee shall cause such certificates to be delivered forthwith in accordance with the written delivery instructions of the holder, or in the absence of such instructions, by registered mail without charge therefor, to the person or persons in whose name or names the Common Shares so subscribed for have been issued, as issued at the addresses specified in the exercise form completed in connection with the exercise of the Warrants, at the address specified in such exercise form or, if so specified in such exercise form, cause to be delivered to such person or persons at the Warrant Agency where the Warrant Certificate was surrendered, a certificate or certificates for the appropriate number of Common Shares subscribed forforms.

Appears in 2 contracts

Samples: Warrant Indenture (Vista Gold Corp), Warrant Indenture (Vista Gold Corp)

Effect of Exercise of Warrants. (a1) Upon compliance by If the holder of any Warrant Certificate Warrants are duly exercised in accordance with the provisions of Section 3.1, 3.1 and subject to Section 3.33.2, the Common Shares subscribed for shall be deemed to have been issued as fully paid and non-assessable and the person Person or persons Persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date unless the transfer registers of for the Corporation Shares shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person Person or persons Persons shall be deemed to have become the holder or holders of record of such Common Shares, the same on the date on which such transfer registers are reopenedre-opened. (b2) Within five In the case of Warrants which are exercised in accordance with the provisions of Section 3.1 and Section 3.2, within three Business Days after the Exercise Date of a Warrant as set forth abovesuch Warrants, the Corporation Warrant Agent shall cause to be delivered or mailed to the person or persons Person in whose name or names the Common Shares so subscribed for have been issuedare to be delivered, as specified in the exercise form completed in connection with the exercise of the WarrantsExercise Form, at the address specified in such exercise form Exercise Form, or, if so specified in such exercise formExercise Form, cause to be delivered to held for such person or persons Person for pick-up at the Warrant Agency where Agency, certificates representing the Warrant Certificate was surrenderedShares to be issued pursuant to such Exercise Form, a certificate or certificates for the appropriate number of Common Shares subscribed forregistered in such name.

Appears in 2 contracts

Samples: Warrant Agency Agreement (TPCO Holding Corp.), Warrant Agency Agreement (Bespoke Capital Acquisition Corp)

Effect of Exercise of Warrants. (a1) Upon compliance by exercise of the holder of any Warrant Certificate Warrants in accordance with the provisions of Section 3.1section 4.1, and subject to Section 3.3sections 2.2, 4.3, 4.4, and 5.4, the Common Corporation shall cause the holder thereof to be entered forthwith on its register of shareholders as the holder of the Shares subscribed for and the Shares so acquired shall be deemed to have been issued as fully paid and non-assessable issued, and the person or persons to whom such Common those Shares are to be issued shall be deemed to have become the holder shareholder or holders shareholders of record of such Common the Shares on the Exercise Date unless the transfer registers register of the Corporation shall be closed on such that date, in which case the Common Shares subscribed for so acquired shall be deemed to have been be issued and such the person or persons shall be deemed to have become the holder shareholder or holders shareholders of record of such Common Shares, the Shares on the date on which such transfer registers are reopenedthe register is reopened and the Shares shall be issued on the later date. (b2) Within five Business Days after Upon the Exercise Date due exercise of a Warrant the Warrants as set forth aboveaforesaid, the Corporation shall shall, forthwith cause to be mailed delivered to the Trustee as agent for the person or persons in whose name or names the Shares so acquired are to be issued as specified in the exercise forms in the form set out in Appendix “A” to Schedule “A” hereto, certificates for the appropriate number of Shares that the Warrantholders are entitled to pursuant to the Warrants surrendered. Upon receipt by the Trustee of such certificates the Trustee shall cause such certificates to be delivered forthwith in accordance with the written delivery instructions of the holder, or in the absence of such instructions, by registered mail without charge therefor, to the person or persons in whose name or names the Common Shares so subscribed for have been issued, as issued at the addresses specified in the exercise form completed in connection with the exercise of the Warrants, at the address specified in such exercise form or, if so specified in such exercise form, cause to be delivered to such person or persons at the Warrant Agency where the Warrant Certificate was surrendered, a certificate or certificates for the appropriate number of Common Shares subscribed forforms.

Appears in 1 contract

Samples: Warrant Indenture (Vista Gold Corp)

Effect of Exercise of Warrants. (a1) Upon compliance by If the holder of any Warrant Certificate Warrants are duly exercised in accordance with the provisions of Section 3.1, 3.1 and subject to Section 3.33.2, the Common Shares subscribed for shall be deemed to have been issued as fully paid and non-assessable and the person Person or persons Persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date unless the transfer registers of for the Corporation Shares shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person Person or persons Persons shall be deemed to have become the holder or holders of record of such Common Shares, the same on the date on which such transfer registers are reopenedre-opened. (b2) Within In the case of Warrants which are exercised in accordance with the provisions of Section 3.1 and Section 3.2, within five Business Days after the Exercise Date of a Warrant as set forth abovesuch Warrants, the Corporation Warrant Agent shall cause to be delivered or mailed to the person or persons Person in whose name or names the Common Shares so subscribed for have been issuedare to be delivered, as specified in the exercise form completed in connection with the exercise of the WarrantsExercise Form, at the address specified in such exercise form Exercise Form, or, if so specified in such exercise formExercise Form, cause to be delivered to held for such person or persons Person for pick-up at the Warrant Agency where Agency, certificates representing the Warrant Certificate was surrenderedShares to be issued pursuant to such Exercise Form, a certificate or certificates for the appropriate number of Common Shares subscribed forregistered in such name.

Appears in 1 contract

Samples: Warrant Agency Agreement (Ayr Wellness Inc.)

Effect of Exercise of Warrants. (a) Upon compliance by If the holder of any Warrant Certificate Warrants are duly exercised in accordance with the provisions of Section 3.1, sections 3.1 and subject to Section 3.33.2, the Common Shares Underlying Securities subscribed for shall be deemed to have been issued as fully paid and non-assessable and the person or persons to whom such Common Shares Underlying Securities are to be issued shall be deemed to have become the holder or holders of record of such Common Shares Underlying Securities on the Exercise Date unless the transfer registers of for the Corporation Subordinate Voting Shares shall be closed on such date, in which case the Common Shares Underlying Securities subscribed for shall be deemed to have been issued and such person or persons shall be deemed to have become the holder or holders of record of such Common Shares, the same on the date on which such transfer registers are reopenedre-opened. (b) Within In the case of Warrants which are exercised in accordance with the provisions of sections 3.1 and 3.2, within five (5) Business Days after the Exercise Date of a Warrant as set forth abovesuch Warrants, the Corporation shall cause to be mailed delivered to the person or persons in whose name or names the Common Shares Underlying Securities so subscribed for have been issuedare to be delivered, as specified in the exercise form completed in connection with the exercise of the WarrantsExercise Form, at the address specified in such exercise form Exercise Form, or, if so specified in such exercise formExercise Form, cause to be delivered to held for such person or persons for pick-up at the Warrant Agency where Agency, certificates representing the Warrant Certificate was surrenderedUnderlying Securities to be issued pursuant to such Exercise Form, a certificate or certificates for the appropriate number of Common Shares subscribed forregistered in such name.

Appears in 1 contract

Samples: Warrant Indenture

Effect of Exercise of Warrants. (a) Upon compliance by the holder of any Warrant Certificate with the provisions of Section section 3.1, and subject to Section section 3.3, the Common Shares subscribed for shall be deemed to have been issued as fully paid and non-assessable and the person Person or persons Persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date Date, unless the transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued issued, and such person Person or persons Persons shall be deemed to have become the holder or holders of record of such Common Shares, on the date on which such transfer registers are reopened. (b) Within five Subject to receipt of the Warrant Certificate and a duly completed and executed exercise form referred to in section 3.1 and payment of the Exercise Price, within three Business Days after the Exercise Date of a Warrant Warrants as set forth above, the Corporation shall cause to be mailed delivered to the person Person or persons Persons in whose name or names the Common Shares so subscribed for have been issued, as specified in the such exercise form completed in connection with the exercise of the Warrantsform, at the address specified in such exercise form or, if so specified in such exercise form, cause to be delivered to such person Person or persons Persons at the Warrant Agency place where the Warrant Certificate was surrendered, a share certificate or certificates for the appropriate number of Common Shares subscribed forso subscribed.

Appears in 1 contract

Samples: Warrant Indenture

Effect of Exercise of Warrants. (a) Upon compliance by the holder of any Warrant Certificate with the provisions of Section 3.1, and subject to Section 3.3, the Common Shares subscribed for to be issued upon the exercise of any Warrants shall be deemed to have been issued as fully paid and non-assessable and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date Date, unless the transfer registers register of the Corporation shall be closed on such date, in which case the Common Shares subscribed for to be issued upon the exercise of any Warrants shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, Shares on the date on which such transfer registers are reopened. (b) Within five three Business Days after the Exercise Date of a Warrant as set forth above, the Corporation shall cause to be mailed to the person or persons in whose name or names the Common Shares so subscribed for have been issuedissued upon the exercise of Warrants, as specified in the exercise form completed in connection with the exercise of the Warrantsform, at the address specified in such exercise form or, if so specified in such exercise form, cause to be delivered to such person or persons at the Warrant Agency where the Warrant Certificate was surrendered, a certificate or certificates for the appropriate number of Common Shares subscribed forShares.

Appears in 1 contract

Samples: Warrant Indenture (Champion Communication Services Inc)

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Effect of Exercise of Warrants. (a1) Upon compliance by exercise of the holder of any Warrant Certificate Warrants in accordance with the provisions of Section 3.1section 4.1, and subject to Section 3.3sections 2.2, 4.3, 4.4, and 5.4, the Common Corporation shall cause the holder thereof to be entered forthwith on its register of shareholders as the holder of the Shares subscribed for and the Shares so acquired shall be deemed to have been issued as fully paid and non-assessable issued, and the person or persons to whom such Common those Shares are to be issued shall be deemed to have become the holder shareholder or holders shareholders of record of such Common the Shares on the Exercise Date unless the transfer registers register of the Corporation shall be closed on such that date, in which case the Common Shares subscribed for so acquired shall be deemed to have been be issued and such the person or persons shall be deemed to have become the holder shareholder or holders shareholders of record of such Common Shares, the Shares on the date on which such transfer registers are reopenedthe register is reopened and the Shares shall be issued on the later date. (b2) Within five Business Days after Upon the Exercise Date due exercise of a Warrant the Warrants as set forth aboveaforesaid, the Corporation shall shall, forthwith cause to be mailed delivered to the Trustee as agent for the person or persons in whose name or names the Shares and Warrants so acquired are to be issued as specified in the exercise forms attached to the Warrant Certificates, certificates for the appropriate number of Shares that the Warrantholders are entitled to pursuant to the Warrants surrendered. Upon receipt by the Trustee of such certificates the Trustee shall cause such certificates to be delivered forthwith in accordance with the written delivery instructions of the holder, or in the absence of such instructions, by registered mail without charge therefor, to the person or persons in whose name or names the Common Shares so subscribed for have been issued, as issued at the addresses specified in the exercise form completed in connection with the exercise of the Warrants, at the address specified in such exercise form or, if so specified in such exercise form, cause to be delivered to such person or persons at the Warrant Agency where the Warrant Certificate was surrendered, a certificate or certificates for the appropriate number of Common Shares subscribed forforms.

Appears in 1 contract

Samples: Warrant Indenture (Vista Gold Corp)

Effect of Exercise of Warrants. (a) Upon compliance by If the holder of any Warrant Certificate Warrants are duly exercised in accordance with the provisions of Section 3.1, sections 3.1 and subject to Section 3.33.2, the Common Shares Underlying Securities subscribed for shall be deemed to have been issued as fully paid and non-assessable and the person or persons to whom such Common Shares Underlying Securities are to be issued shall be deemed to have become the holder or holders of record of such Common Shares Underlying Securities on the Exercise Date unless the transfer registers of for the Corporation Common Shares shall be closed on such date, in which case the Common Shares Underlying Securities subscribed for shall be deemed to have been issued and such person or persons shall be deemed to have become the holder or holders of record of such Common Shares, the same on the date on which such transfer registers are reopenedre-opened. (b) Within five In the case of Warrants which are exercised in accordance with the provisions of sections 3.1 and 3.2, within three (3) Business Days after the Exercise Date of a Warrant as set forth abovesuch Warrants, the Corporation shall cause to be mailed delivered to the person or persons in whose name or names the Common Shares Underlying Securities so subscribed for have been issuedare to be delivered, as specified in the exercise form completed in connection with the exercise of the WarrantsExercise Form, at the address specified in such exercise form Exercise Form, or, if so specified in such exercise formExercise Form, cause to be delivered to held for such person or persons for pick-up at the Warrant Agency where Agency, certificates representing the Warrant Certificate was surrenderedUnderlying Securities to be issued pursuant to such Exercise Form, a certificate or certificates for the appropriate number of Common Shares subscribed forregistered in such name.

Appears in 1 contract

Samples: Warrant Indenture

Effect of Exercise of Warrants. (a1) Upon compliance by If the holder of any Warrant Certificate Warrants are duly exercised in accordance with the provisions of Section 3.1, 4.1 and subject to Section 3.34.2, the Common Shares subscribed for shall be deemed to have been issued as fully paid and non-assessable and the person Person or persons Persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date unless the transfer registers of for the Corporation Shares shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person Person or persons Persons shall be deemed to have become the holder or holders of record of such Common Shares, the same on the date on which such transfer registers are reopenedre-opened. (b2) Within five In the case of Warrants which are exercised in accordance with the provisions of Section 4.1 and Section 4.2, within three Business Days after the Exercise Date of a Warrant as set forth abovesuch Warrants, the Corporation Warrant Agent shall cause to be delivered or mailed to the person or persons Person in whose name or names the Common Shares so subscribed for have been issuedare to be delivered, as specified in the exercise form completed in connection with the exercise of the WarrantsExercise Form, at the address specified in such exercise form Exercise Form, or, if so specified in such exercise formExercise Form, cause to be delivered to held for such person or persons Person for pick-up at the Warrant Agency where Agency, certificates representing the Warrant Certificate was surrenderedShares to be issued pursuant to such Exercise Form, a certificate or certificates for the appropriate number of Common Shares subscribed forregistered in such name.

Appears in 1 contract

Samples: Warrant Agency Agreement (Columbia Care Inc.)

Effect of Exercise of Warrants. (a) Upon compliance by the holder of any Warrant Certificate with the provisions of Section 3.1, and subject to Section 3.3, the Common Shares subscribed for issuable pursuant to the exercise of such Warrants shall be deemed to have been issued as fully paid and non-assessable and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date unless the transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons shall be deemed to have become the holder or holders of record of such Common Shares, on the date on which such transfer registers are reopened. (b) Within five Business Days after the Exercise Date of a Warrant as set forth above, the Corporation Warrant Agent shall cause to be mailed to the person or persons in whose name or names the Common Shares so subscribed for have been issued, as specified in the exercise form completed in connection with the exercise of the Warrants, at the address specified in such exercise form or, if so specified in such exercise form, cause to be delivered to such person or persons at the Warrant Agency where the Warrant Certificate was surrendered, a certificate or certificates for the appropriate number of Common Shares subscribed for.

Appears in 1 contract

Samples: Supplemental Warrant Indenture (Gran Tierra Energy, Inc.)

Effect of Exercise of Warrants. (a1) Upon compliance by If the holder of any Warrant Certificate Warrants are duly exercised in accordance with the provisions of Section Sections 3.1, and subject to Section 3.2 or 3.3, as applicable, the Common Shares Underlying Securities subscribed for shall be deemed to have been issued as fully paid and non-assessable and the person Person or persons Persons to whom such Common Shares Underlying Securities are to be issued shall be deemed to have become the holder or holders of record of such Common Shares Underlying Securities on the Exercise Date unless the transfer registers of for the Corporation Common Shares shall be closed on such date, in which case the Common Shares Underlying Securities subscribed for shall be deemed to have been issued and such person or persons shall be deemed to have become the holder or holders of record of such Common Shares, the same on the date on which such transfer registers are reopenedre-opened. (b2) Within In the case of Warrants which are exercised in accordance with the provisions of Sections 3.1, 3.2 or 3.3, as applicable, within five (5) Business Days after the Exercise Date of a Warrant as set forth abovesuch Warrants, the Corporation shall cause to be mailed to the person Person or persons Persons in whose name or names name(s) the Common Shares Underlying Securities so subscribed for have been issuedare to be delivered, as specified in the exercise form completed in connection with the exercise of the WarrantsExercise Form, at the address specified in such exercise form Exercise Form, or, if so specified in such exercise formExercise Form, cause to be delivered to held for such person or persons for pick-up at the Warrant Agency where Agency, certificates representing the Underlying Securities to be issued pursuant to such Exercise Form, registered in such name. (3) The Warrants may not be exercised in the United States or by or on behalf of, or for the account or benefit of, a U.S. Person or a person in the United States unless the securities issuable upon exercise of the Warrant Certificate was surrendered, a certificate have been registered under the U.S. Securities Act and applicable state securities laws or certificates for an exemption from such registration requirements is available and the appropriate number holder has complied with the requirements of Common Shares subscribed forSection 3.3.

Appears in 1 contract

Samples: Warrant Indenture

Effect of Exercise of Warrants. (a) Upon compliance by the holder of any Warrant Certificate with the provisions of Section 3.13.2, and subject to Section 3.33.4, the Common Shares subscribed for shall be deemed to have been issued as fully paid and non-assessable and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date unless the transfer registers of the Corporation Company shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued issued, and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such transfer registers are reopened. (b) Within five (5) Business Days after the Exercise Date of a Warrant as set forth aboveaforesaid, the Corporation Company shall cause to be mailed to the person or persons in whose name or names the Common Shares so subscribed for have been issued, as specified in the exercise form completed in connection with the exercise of the Warrantssubscription, at the address specified in such exercise form subscription or, if so specified in such exercise formsubscription, cause to be delivered to such person or persons at the Warrant Agency where address for such person or persons set forth in the Warrant Certificate was surrenderedregister maintained for the Warrants, a certificate or certificates for the appropriate number of Common Shares so subscribed for.

Appears in 1 contract

Samples: Warrant Indenture (Spectrum Signal Processing Inc)

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