Common use of Loss, Mutilation, Destruction or Theft of Warrants Clause in Contracts

Loss, Mutilation, Destruction or Theft of Warrants. (1) In case any of -------------------------------------------------- the Warrant Certificates issued and countersigned hereunder shall become mutilated or be lost, destroyed or stolen, the Sellers shall, upon the holder complying with this Section 2.6, issue and thereupon the Agent shall countersign and deliver a new Warrant Certificate of like date and tenor in exchange for and in place of the one mutilated, lost, destroyed or stolen and upon surrender and cancellation of such mutilated Warrant Certificate or in lieu of and in substitution for such lost, destroyed or stolen Warrant Certificate and the substituted Warrant Certificate shall be in a form approved by the Agent and shall entitle the holder thereof to the benefits hereof and rank equally in accordance with its terms with all other Warrants issued hereunder.

Appears in 2 contracts

Samples: Bid Com International Inc, Bid Com International Inc

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Loss, Mutilation, Destruction or Theft of Warrants. (1) In case any of the -------------------------------------------------- the Warrant Certificates issued and countersigned hereunder shall become mutilated or be lost, destroyed or stolen, the Sellers Corporation shall, upon the holder complying with this Section 2.6, issue and thereupon the Agent shall countersign and deliver a new Warrant Certificate of like date and tenor in exchange for and in place of the one mutilated, lost, destroyed or stolen and upon surrender and cancellation of such mutilated Warrant Certificate or in lieu of and in substitution for such lost, destroyed or stolen Warrant Certificate and the substituted Warrant Certificate shall be in a form approved by the Agent and shall entitle the holder thereof to the benefits hereof and rank equally in accordance with its terms with all other Warrants issued hereunder.

Appears in 1 contract

Samples: Bid Com International Inc

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Loss, Mutilation, Destruction or Theft of Warrants. (1) In case any of -------------------------------------------------- the Warrant Certificates issued and countersigned hereunder shall become mutilated or be lost, destroyed or stolen, the Sellers Corporation shall, upon the holder complying with this Section 2.6, issue and thereupon the Agent shall countersign and deliver a new Warrant Certificate of like date and tenor in exchange for and in place of the one mutilated, lost, destroyed or stolen and upon surrender and cancellation of such mutilated Warrant Certificate or in lieu of and in substitution for such lost, destroyed or stolen Warrant Certificate and the substituted Warrant Certificate shall be in a form approved by the Agent and shall entitle the holder thereof to the benefits hereof and rank equally in accordance with its terms with all other Warrants issued hereunder.

Appears in 1 contract

Samples: Bid Com International Inc

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