Common use of Exchange and Transfer of Warrants Clause in Contracts

Exchange and Transfer of Warrants. Warrant Certificates may be split-up, combined, or exchanged at any time for other Warrant Certificates evidencing a like aggregate whole number of Warrants and may be transferred in whole or in part. Any Warrant Holder desiring to split-up, combine, or exchange Warrant Certificates shall make such request in writing delivered to the Warrant Agent as provided by Section 6.07 and shall surrender therewith the Warrant Certificate or Certificates to be so split-up, combined, or exchanged. Subject to the restrictions on transfer of the Warrants contained in the Registration Statement, transfers of outstanding Warrant Certificates may be effected by the Warrant Agent, from time to time, upon the books to be maintained by the Warrant Agent for that purpose, upon surrender of the Warrant Certificates to the Warrant Agent as provided by Section 6.07, which Certificates must be properly endorsed or accompanied by appropriate instruments of transfer and written instructions for transfer, all in form satisfactory to the Company and the Warrant Agent. Upon any such surrender for a split-up, combination, exchange, or transfer, the Warrant Agent shall countersign and deliver to the person entitled thereto a Warrant Certificate or Warrant Certificates as so requested. The Warrant Agent shall not be required to effect any transfer, split-up, or exchange that will result in the issuance of a Warrant Certificate evidencing other than a whole number of Warrants.

Appears in 3 contracts

Samples: Warrant Agreement (Industrial Holdings Inc), Warrant Agreement (Industrial Holdings Inc), Warrant Agreement (Industrial Holdings Inc)

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Exchange and Transfer of Warrants. Warrant Certificates may be split-up, combined, or exchanged at any time for other Warrant Certificates evidencing a like aggregate whole number of Warrants and may be transferred in whole or in part. Any Warrant Holder desiring to split-up, combine, or exchange Warrant Certificates shall make such request in writing delivered to the Warrant Agent as provided by Section 6.07 and shall surrender therewith the Warrant Certificate or Certificates to be so split-upsplitup, combined, or exchanged. Subject to the restrictions on transfer of the Warrants contained in the Registration Statement, transfers of outstanding Warrant Certificates may be effected by the Warrant Agent, Agent from time to time, upon the books to be maintained by the Warrant Agent for that purpose, upon surrender of the Warrant Certificates to the Warrant Agent as provided by Section 6.07, which Certificates must be properly endorsed or accompanied by appropriate instruments of transfer and written instructions for transfer, all in form satisfactory to the Company and the Warrant Agent. Upon any such surrender for a split-up, combination, exchange, or transfer, the Warrant Agent shall countersign and deliver to the person entitled thereto a Warrant Certificate or Warrant Certificates as so requested. The Warrant Agent shall not be required to effect any transfer, split-up, or exchange that will result in the issuance of a Warrant Certificate evidencing other than a whole number of Warrants.

Appears in 1 contract

Samples: Warrant Agreement (Industrial Holdings Inc)

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