Common use of No Rights as Shareholder Until Exercise Clause in Contracts

No Rights as Shareholder Until Exercise. This Warrant does not entitle the Investor to any voting rights or other rights as a shareholder of the Company prior to the exercise thereof. If, however, at the time of the surrender of this Warrant and purchase of Warrant Shares the Investor shall be entitled to exercise this Warrant, the shares so purchased shall be and be deemed to be issued to the Investor as the record owner of such shares as of the close of business on the date on which this Warrant shall have been exercised.

Appears in 4 contracts

Samples: Series B Preferred Stock Subscription Agreement (Voice Mobility International Inc), Warrant Agreement (Voice Mobility International Inc), Warrant Agreement (Voice Mobility International Inc)

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No Rights as Shareholder Until Exercise. This Warrant does not --------------------------------------- entitle the Investor holder hereof to any voting rights or other rights as a shareholder of the Company prior to the exercise thereof. If, however, at the time of the surrender of this Warrant and purchase of Warrant Shares the Investor holder hereof shall be entitled to exercise this Warrant, the shares so purchased shall be and be deemed to be issued to the Investor such holder as the record owner of such shares as of the close of business on the date on which this Warrant shall have been exercised.

Appears in 2 contracts

Samples: Warrant Agreement (Ashton Technology Group Inc), Stock Purchase Warrant (Consilium Inc)

No Rights as Shareholder Until Exercise. This Warrant does not entitle --------------------------------------- the Investor holder hereof to any voting rights or other rights as a shareholder of the Company prior to the exercise thereof. If, however, at the time of the surrender of this Warrant and purchase of Warrant Shares the Investor holder hereof shall be entitled to exercise this Warrant, the shares so purchased shall be and be deemed to be issued to the Investor such holder as the record owner of such shares as of the close of business on the date on which this Warrant shall have been exercised.

Appears in 1 contract

Samples: Stock Purchase Warrant (Yeung Howard P L)

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No Rights as Shareholder Until Exercise. This Warrant does not entitle --------------------------------------- the Investor Holder hereof to any voting rights or other rights as a shareholder Shareholder of the Company prior to the exercise thereof. If, however, at the time of the surrender of this Warrant and purchase of Warrant Shares the Investor Holder hereof shall be entitled to exercise this Warrant, the shares so purchased shall be and be deemed to be issued to the Investor such holder as the record owner of such shares as of the close of business on the date on which this Warrant shall have been exercised.

Appears in 1 contract

Samples: Underwriting Agreement (Datawave Systems Inc)

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