Common use of Issuance of Exercise Shares; Delivery of Warrant Certificate Clause in Contracts

Issuance of Exercise Shares; Delivery of Warrant Certificate. The Company or the Assignee, as applicable, shall, within ten (10) business days or as soon thereafter as is practicable of the exercise of this Warrant, issue in the name of and cause to be delivered, or in the case of an Assignment shall deliver (together with a duly executed stock power), to the Holder (or such other person or persons, if any, as specifically permitted under the terms hereof and as the Holder shall have designated in the Notice of Warrant Exercise) one or more certificates representing the Exercise Shares to which the Holder (or such other person or persons) shall be entitled upon such exercise under the terms hereof. Such certificate or certificates shall be deemed to have been issued and the Holder (or such other person or persons so permitted and designated) shall be deemed to have become the record holder of the Exercise Shares as of the date of the due exercise of this Warrant.

Appears in 4 contracts

Samples: Warrant Agreement (Tel Save Holdings Inc), Warrant Agreement (Tel Save Holdings Inc), Warrant Agreement (Tel Save Holdings Inc)

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Issuance of Exercise Shares; Delivery of Warrant Certificate. The Company or the Assignee, as applicable, shall, within ten (10) business days days, or as soon thereafter as is practicable practicable, of the exercise of this Warrant, issue in the name of and cause to be delivered, or in the case of an Assignment shall deliver (together with a duly executed stock power), delivered to the Holder (or such other person or persons, if any, as specifically permitted under the terms hereof and as the Holder shall have designated in the Notice of Warrant Exercise) one or more certificates Warrant Certificates representing the Exercise Shares to which the Holder (or such other person or persons) shall be entitled upon such exercise under the terms hereof. Such certificate Warrant Certificate or certificates Certificates shall be deemed to have been issued and the Holder (or such other person or persons so permitted and designated) shall be deemed to have become the record holder of the Exercise Shares as of the date of the due exercise of this Warrant.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Berger Holdings LTD), Berger Holdings LTD

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