Common use of LOSS OF WARRANT CERTIFICATE Clause in Contracts

LOSS OF WARRANT CERTIFICATE. Upon receipt by the Transfer Agent of evidence satisfactory to it of the loss, theft, destruction or mutilation of a Warrant Certificate, and (i) in the case of such loss, theft or destruction, of reasonably satisfactory indemnification and bonding, or (ii) if mutilated, upon surrender and cancellation of such Warrant Certificate, the Transfer Agent shall execute and deliver a new Warrant Certificate of like tenor. Any such new Warrant Certificate executed and delivered shall constitute an additional contractual obligation on the part of the Company, whether or not the Warrant Certificate so lost, stolen, destroyed or mutilated shall be at any time enforceable by anyone.

Appears in 5 contracts

Samples: Warrant Agreement (Waccamaw Bankshares Inc), Warrant Agreement (Waccamaw Bankshares Inc), Warrant Agreement (Waccamaw Bankshares Inc)

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LOSS OF WARRANT CERTIFICATE. Upon receipt by the Transfer Agent of --------------------------- evidence satisfactory to it of the loss, theft, destruction or mutilation of a Warrant Certificate, and (i) in the case of such loss, theft or destruction, of reasonably satisfactory indemnification and bonding, or (ii) if mutilated, upon surrender and cancellation of such Warrant Certificate, the Transfer Agent shall execute and deliver a new Warrant Certificate of like tenor. Any such new Warrant Certificate executed and delivered shall constitute an additional contractual obligation on the part of the Company, whether or not the Warrant Certificate so lost, stolen, destroyed or mutilated shall be at any time enforceable by anyone.

Appears in 1 contract

Samples: Warrant Agreement (American Community Bancshares Inc)

LOSS OF WARRANT CERTIFICATE. Upon receipt by the Transfer Agent of evidence satisfactory to it of the loss, theft, destruction or mutilation of a Warrant Certificate, and (ia) in the case of such loss, theft or destruction, of reasonably satisfactory indemnification and bonding, or (iib) if mutilated, upon surrender and cancellation of such Warrant Certificate, the Transfer Agent shall execute and deliver a new Warrant Certificate of like tenor. Any such new Warrant Certificate executed and delivered shall constitute an additional contractual obligation on the part of the CompanyBank, whether or not the Warrant Certificate so lost, stolen, destroyed or mutilated shall be at any time enforceable by anyone.

Appears in 1 contract

Samples: Warrant Agreement (Bancorp of New Jersey, Inc.)

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LOSS OF WARRANT CERTIFICATE. Upon receipt by the Transfer Agent of evidence satisfactory to it of the loss, theft, destruction or mutilation of a Warrant Certificate, and (i) in the case of such loss, theft or destruction, of reasonably satisfactory indemnification and bonding, or (ii) if mutilated, upon surrender and cancellation of such Warrant Certificate, the Transfer Agent shall execute and deliver a new Warrant Certificate of like tenor. Any such new Warrant Certificate executed and delivered shall constitute an additional contractual obligation on the part of the CompanyBank, whether or not the Warrant Certificate so lost, stolen, destroyed or mutilated shall be at any time enforceable by anyone.

Appears in 1 contract

Samples: Warrant Agreement (Gateway Financial Holdings Inc)

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