Common use of Effect of Exercise of Warrants Clause in Contracts

Effect of Exercise of Warrants. Upon surrender and payment as aforesaid, the Shares so subscribed for shall be deemed to have been issued and such Holder shall be deemed to have become the holder (or holders) of record of such Shares on the date of such surrender and payment and such Shares shall be issued at the Exercise Price in effect on the date of such surrender and payment. Within ten Business Days after surrender and payment as aforesaid, the Company shall forthwith cause to be delivered to the person or persons in whose name or names the Shares so subscribed for are to be issued as specified in such subscription or mailed to him or them at his or their respective addresses specified in such subscription, a certificate or certificates for the appropriate number of Shares not exceeding those which the Holder is entitled to purchase pursuant to the Warrant surrendered.

Effect of Exercise of Warrants. 11.1. Upon surrender and payment as aforesaid, the Shares so subscribed for shall be deemed to have been issued and such Holder shall be deemed to have become the holder (or holders) of record of such Shares on the date of such surrender and payment and such Shares shall be issued at the Exercise Price in effect on the date of such surrender and payment. 11.2. Within ten Business Days after surrender and payment as aforesaid, the Company shall forthwith cause to be delivered to the person or persons in whose name or names the Shares so subscribed for are to be issued as specified in such subscription or mailed to him or them at his or their respective addresses specified in such subscription, a certificate or certificates for the appropriate number of Shares not exceeding those which the Holder is entitled to purchase pursuant to the Warrant surrendered.

Effect of Exercise of Warrants. (a) Upon surrender and payment as aforesaid, aforesaid the Common Shares so subscribed for shall be deemed to have been issued and such Holder the Warrantholder shall be deemed to have become the holder (or holders) shareholder of record of such Common Shares on the date of such surrender and payment payment, and such Common Shares shall be issued at the Exercise Price subscription price in effect on the date of such surrender and payment. . (b) Within ten Business Days business days after surrender and payment as aforesaid, aforesaid the Company shall forthwith cause to be delivered to the person or persons in whose name or names the Common Shares so subscribed for are to be issued as specified in such subscription or cause to be mailed to him or them such person at his or their respective addresses address specified in such subscription, a certificate or certificates for the appropriate number of Common Shares not exceeding those which the Holder is entitled to purchase pursuant to the Warrant surrenderedsubscribed for.