Outstanding Unit Warrants Clause Samples

Outstanding Unit Warrants. Unit Warrants outstanding at any time are the sum of all Unit Warrants evidenced on all Warrant Certificates authenticated by the Warrant Agent and all Unit Warrants evidenced on all Warrant Statements, except for those canceled by the Warrant Agent and those delivered to the Warrant Agent for cancellation. A Unit Warrant ceases to be outstanding if the Company holds the Unit Warrant. If a Warrant Certificate is replaced pursuant to Section 2.07, the Unit Warrants evidenced thereby cease to be outstanding unless the Warrant Agent and the Company receive proof satisfactory to them that the replaced Warrant Certificate is held by a bona fide purchaser.