Common use of Exercise of Stock Warrants Clause in Contracts

Exercise of Stock Warrants. (a) The Holder of a Stock Warrant shall have the right, at its option, to exercise such Stock Warrant and, subject to subsection (f) of this Section 2.2, purchase the number of [Preferred/Common] Shares provided for therein at the time or times or during the period or periods referred to in Section 2.1 and specified in the Warrant Certificate evidencing such Stock Warrant. No fewer than the minimum number of Stock Warrants as set forth in the Warrant Certificate may be exercised by or on behalf of any one Holder at any one time. Except as may be provided in a Warrant Certificate, a Stock Warrant may be exercised by completing the form of election to purchase set forth on the reverse side of the Warrant Certificate, by duly executing the same, and by delivering the same, together with payment in full of the Warrant Price, in lawful money of the United States of America, in cash or by certified or official bank check or by bank wire transfer, to the Warrant Agent. Except as may be provided in a Warrant Certificate, the date on which such Warrant Certificate and payment are received by the Warrant Agent as aforesaid shall be deemed to be the date on which the Stock Warrant is exercised and the relevant [Preferred/Common] Shares are issued.

Appears in 3 contracts

Samples: Stock Warrant Agreement (Cccisg Capital Trust), Stock Warrant Agreement (Keyspan Trust Iii), Stock Warrant Agreement (Keyspan Trust I)

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Exercise of Stock Warrants. (a) The Holder of a Stock -------------------------- Warrant shall have the right, at its option, to exercise such Stock Warrant and, subject to subsection (f) of this Section 2.22.02, purchase the number of [Preferred/Common] Shares provided for therein at the time or times or during the period or periods referred to in Section 2.1 2.01 and specified in the Warrant Certificate evidencing such Stock Warrant. No fewer than the minimum number of Stock Warrants as set forth in the Warrant Certificate may be exercised by or on behalf of any one Holder at any one time. Except as may be provided in a Warrant Certificate, a Stock Warrant may be exercised by completing the form of election to purchase set forth on the reverse side of the Warrant Certificate, by duly executing the same, and by delivering the same, together with payment in full of the Warrant Price, in lawful money of the United States of America, in cash or by certified or official bank check or by bank wire transfer, to the Warrant Agent. Except as may be provided in a Warrant Certificate, the date on which such Warrant Certificate and payment are received by the Warrant Agent as aforesaid shall be deemed to be the date on which the Stock Warrant is exercised and the relevant [Preferred/Common] Shares are issued.

Appears in 1 contract

Samples: Stock Warrant Agreement (Global Crossing LTD)

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Exercise of Stock Warrants. (a) The Holder of a Stock Warrant shall have the right, at its option, to exercise such Stock Warrant and, subject to subsection (f) of this Section 2.22.02, purchase the number of [Preferred/Common/Depositary] Shares provided for therein at the time or times or during the period or periods referred to in Section 2.1 2.01 and specified in the Warrant Certificate evidencing such Stock Warrant. No fewer than the minimum number of Stock Warrants as set forth in the Warrant Certificate may be exercised by or on behalf of any one Holder at any one time. Except as may be provided in a Warrant Certificate, a Stock Warrant may be exercised by completing the form of election to purchase set forth on the reverse side of the Warrant Certificate, by duly executing the same, and by delivering the same, together with payment in full of the Warrant Price, in lawful money of the United States of America, in cash or by certified or official bank check or by bank wire transfer, to the Warrant Agent. Except as may be provided in a Warrant Certificate, the date on which such Warrant Certificate and payment are received by the Warrant Agent as aforesaid shall be deemed to be the date on which the Stock Warrant is exercised and the relevant [Preferred/Common/Depositary] Shares are issued.

Appears in 1 contract

Samples: Stock Warrant Agreement (Polaroid Corp)

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