Exercise Before Payment Date Sample Clauses
Exercise Before Payment Date. In the event that this Warrant is exercised after the record date for any event requiring an adjustment, but prior to the actual event, the Company may elect to defer issuing to the Holder any payment or additional securities required by such adjustment until the actual event occurs; provided, however, that the Company shall deliver a “due bill” or other appropriate instrument to the Holder transferable to the same extent as the shares issuable on exercise evidencing the Holder’s right to receive such additional payment or securities upon the occurrence of the event requiring such adjustment.
Exercise Before Payment Date. In the event that this Warrant is ---------------------------- exercised after the record date for any event requiring an adjustment pursuant to this Section 5, but prior to the consummation of such event, the Company may elect, but shall not be obligated, to defer issuing to the Holder any payment or additional securities required by such adjustment until such event is consummated; provided, however, that in any such event the Company shall deliver a "due ▇▇▇▇" or other appropriate instrument to the Holder transferable to the same extent as the Common Stock issuable upon exercise of this Warrant which shall evidence the Holder's right to receive such additional payment or securities upon the consummation of the event requiring such adjustment.