Common use of Issuance of the Warrant Shares Clause in Contracts

Issuance of the Warrant Shares. Upon presentation and surrender of the notice of exercise accompanied by the payment of the Exercise Price pursuant to section l(b), or upon presentation and surrender of the notice of exercise pursuant to sections l(c) or l(d), as the case may be, the Company shall issue promptly to the Holder the shares to which the Holder is entitled thereto. Upon receipt by the Company of the notice or exercise (and the Exercise Price, if applicable), the Holder shall be deemed to be the Holder of the shares issuable upon such exercise, notwithstanding that the share transfer books of the Company shall then be closed and that certificates representing such shares shall not then be actually delivered to the Holder. The Company shall pay all taxes and other charges that may be payable in connection with the issuance of the shares and the preparation and delivery of share certificates pursuant to this Section 1 in the name of the Holder, but shall not pay any taxes payable by the Holder by virtue of the holding, issuance, exercise or sale of this Warrant of the shares by the Holder.

Appears in 2 contracts

Samples: Verisity LTD, Verisity LTD

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Issuance of the Warrant Shares. Upon presentation and surrender of the notice of exercise accompanied by and after the payment of the Exercise Price pursuant to section l(b)5.2, or upon presentation and surrender of the notice of exercise pursuant to sections l(c) or l(d)section 5.3, as the case may be, the Company shall issue promptly within 3 business days to the Holder the shares to which the Holder is entitled theretoentitled. Upon As of and from the close of business on the date of receipt by the Company of the notice or of exercise (and the Exercise Price, if applicable), the Holder shall be deemed to be the Holder of the shares issuable upon such exercise, notwithstanding that the share transfer books of the Company shall then be closed and that certificates representing such shares shall not then be actually delivered to the Holder. The Company shall pay all taxes and other charges the stamp duty that may be payable in connection with the issuance of the shares and the preparation and delivery of share certificates pursuant to this Section 1 5 in the name of the Holder, but . No fractions of shares shall not pay any taxes payable by be issued in connection with the Holder by virtue of the holding, issuance, exercise or sale of this Warrant and the number of shares shall be rounded to the shares by the Holdernearest whole number. WINTEGRA INC. /s/ Xxxxx Xxx-Xxx All Warrant Shares issued shall be fully paid and non-assessable.

Appears in 2 contracts

Samples: Wintegra Inc, Wintegra Inc

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Issuance of the Warrant Shares. Upon presentation and surrender of the notice of exercise accompanied by and after the payment of the Exercise Price pursuant to section l(b)Section ‎5.2, or upon presentation and surrender of the notice of exercise pursuant to sections l(c) or l(d)Section ‎5.3, as the case may be, the Company shall issue promptly within three (3) Business Days to the Holder the shares Warrant Shares to which the Holder is entitled theretoin connection with such exercise. Upon As of and from the close of business on the date of receipt by the Company of the notice or of exercise (and the Exercise Priceand, if applicable, the payment of the Exercise Price multiplied by the number of Warrant Shares mentioned in the written notice of exercise from the Holder to the Company), the Holder shall be deemed to be the Holder holder of the shares Warrant Shares issuable upon such exercise, notwithstanding that the share transfer books of the Company shall then be closed and that certificates representing such shares shall not then be actually delivered to the Holder. The Subject to Section ‎17, the Company shall pay all duties, commission, stamp taxes and other charges that may be payable in connection with the issuance of the shares such Warrant Shares and the preparation and delivery of share certificates pursuant to this Section 1 5 in the name of the Holder, but . All Warrant Shares issued shall not pay any taxes payable by the Holder by virtue of the holding, issuance, exercise or sale of this Warrant of the shares by the Holderbe fully paid and non-assessable.

Appears in 1 contract

Samples: XJet Ltd.

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