Common use of Negotiability Clause in Contracts

Negotiability. This Warrant is issued upon the following terms, to all of which each holder or owner hereof by the taking hereof consents and agrees: (a) subject to compliance with all applicable securities laws, title to this Warrant may be transferred by endorsement (by the holder hereof executing the form of assignment at the end hereof) and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such bona fide purchaser, and each such bona fide purchaser shall acquire absolute title hereto and to all rights represented hereby; and (c) until this Warrant is transferred on the books of the Company, the Company may treat the registered holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

Negotiability. This Warrant is issued upon the following terms, to all of which each holder taker or owner hereof by the taking hereof consents and agrees: (ai) subject to compliance with all applicable securities lawsSection 5, title to this Warrant may be transferred transferred, by endorsement (by the holder hereof executing the form of assignment at the end hereofattached hereto) and delivery delivered in the same manner as in the case of a negotiable instrument transferable transferrable by endorsement and delivery; (bii) any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered granted power to transfer absolute title hereto by endorsement and delivery hereof to a bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each every such bona fide purchaser, and each every such bona fide purchaser shall acquire absolute title hereto and to all rights represented hereby; and (ciii) until this Warrant is transferred on the books of the Company, the Company may treat the registered holder hereof of this Warrant as the absolute owner hereof for all purposes, notwithstanding purposes without being affected by any notice to the contrary.