Common use of Exchange Transfer or Loss of Warrant Clause in Contracts

Exchange Transfer or Loss of Warrant. This Warrant is exchangeable, without expense, at the option of the Holder, upon presentation and surrender hereof to the Company or at the office of its appointed transfer agent, if any, for other warrants of different denominations entitling the Holder thereof to purchase in the aggregate the same number of shares of Common Stock purchasable hereunder. This Warrant may be divided or combined with other warrants which carry the same rights upon presentation hereof at the principal office of the Company or at the office of its appointed transfer agent, if any, together with a written notice specifying the names and denominations in which new Warrants are to be issued and signed by the Holder. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Warrant, if mutilated, the Company will execute and deliver a new Warrant of like tenor and date. Any such new Warrant executed and delivered shall constitute an additional contractual obligation on the part of the Company, whether or not this Warrant so lost, stolen, destroyed, or mutilated shall be at any time enforceable by anyone.

Appears in 2 contracts

Samples: Warrant Agreement (Exogen Inc), Warrant Agreement (Exogen Inc)

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Exchange Transfer or Loss of Warrant. This Warrant is exchangeable, without expense, at the option of the Holder, upon presentation and surrender hereof to the Company or at the office of its appointed transfer agent, if any, for other warrants Warrants in this form of different denominations entitling the Holder holder thereof to purchase in the aggregate the same number of shares of Common Stock purchasable hereunder. Subject to Section 8, upon surrender of this Warrant to the Company accompanied by an assignment duly executed by Holder and the assignee, the Company shall, without charge, execute and deliver a new Warrant in the name of the assignee named in such instrument of assignment, this Warrant shall promptly be canceled and such assignee shall be deemed to be the Holder of this Warrant. This Warrant may be divided or combined with any other warrants Warrants which carry the same rights upon presentation hereof at the principal office of the Company or thereof at the office of its appointed transfer agent, if anythe Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued and signed by the HolderHolder hereof. The term "WARRANT" as used herein includes any Warrants into or for which this Warrant may be divided or exchanged. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and (and, in the case of loss, theft or destruction) , of reasonably satisfactory indemnification, and upon surrender and cancellation of this Warrant, if mutilated, the Company will execute and deliver a new Warrant of like tenor and date. Any such new Warrant executed and delivered shall constitute an additional contractual obligation on the part of the Company, whether or not this Warrant so lost, stolen, destroyed, or mutilated shall be at any time enforceable by anyone.

Appears in 2 contracts

Samples: Warrant Agreement (Thehealthchannel Com Inc), Warrant Agreement (Thehealthchannel Com Inc)

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