Issuance of certificates for Warrant Shares Clause Samples
The 'Issuance of certificates for Warrant Shares' clause defines the process by which a company delivers physical or electronic share certificates to a warrant holder upon the exercise of their warrants. Typically, this clause outlines the steps the warrant holder must take to exercise their rights, such as submitting a notice and payment, and specifies the timeframe within which the company must issue the certificates after receiving proper documentation. Its core practical function is to ensure that the warrant holder receives formal evidence of ownership in a timely and orderly manner, thereby providing certainty and transparency in the transfer of shares.
Issuance of certificates for Warrant Shares upon the exercise of this Warrant shall be made without charge to the Holder hereof for any issue or transfer tax or other incidental expense, in respect of the issuance or transfer of such certificates, all of which such taxes and expenses shall be paid by the Company; provided, however, that the Company shall not be required to pay any tax that may be payable in respect of any issuance of any Warrant or any certificate for, or any other evidence of ownership of, Warrant Shares in a name other than that of the Holder of this Warrant being exercised or exchanged.
Issuance of certificates for Warrant Shares. Upon the exercise of the Warrants, the issuance of certificates for Warrant Securities shall be made forthwith (and in any event such issuance shall be made within 10 business days from the Exercise Date) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 4 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDED, HOWEVER, that the Company shall not be required to pay any tax which may be payable in respect of any transfer to a person other than the Holder involved in the issuance and delivery of any such certificates and the Company shall not be required to issue or deliver such certificates unless or until the person or persons requesting the issuance thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.
Issuance of certificates for Warrant Shares. Upon the exercise of the Warrants, the issuance of certificates for Warrant Shares shall be made forthwith (and in any event such issuance shall be made within 10 business days from the Exercise Date) without charge to the Holder thereof, and such certificates shall (subject to the provisions of Section 4 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; provided, however, that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or persons requesting the issuance thereof shall have paid to the Company the amount of such tax or shall have established to the reasonable satisfaction of the Company that such tax has been paid.