Common use of Obligations with Respect to Transfers and Exchanges of Warrant Certificates Clause in Contracts

Obligations with Respect to Transfers and Exchanges of Warrant Certificates. (a) To permit registrations of transfers and exchanges, the Company shall deliver to the Warrant Agent, upon execution of this Agreement and from time to time thereafter, sufficient inventory of executed Warrant Certificates and Global Book-Entry Warrants. (b) All Warrant Certificates and Global Book-Entry Warrants issued upon any registration, transfer or exchange of Warrant Certificates or Global Book-Entry Warrants shall be the valid obligations of the Company, entitled to the same benefits under this Agreement as the Warrant Certificates or Global Book-Entry Warrants surrendered upon the registration of transfer or exchange. (c) Prior to due presentment for registration of transfer of any Warrant, the Warrant Agent and the Company may deem and treat the Person in whose name any Warrant is registered as the absolute owner of such Warrant, and neither the Warrant Agent nor the Company shall be affected by notice to the contrary.