Common use of Outstanding Warrants Only Clause in Contracts

Outstanding Warrants Only. The Company understands that the call rights provided for in this Section 6 apply only to outstanding Warrants. To the extent a person holds rights to purchase Warrants, such purchase rights shall not be extinguished by the call. However, once such purchase rights are exercised, the Company may call the Warrants issued upon such exercise provided that the criteria for the call set forth in Section 6.1 are met.

Appears in 8 contracts

Samples: Warrant Agreement (Heckmann CORP), Warrant Agreement (Heckmann CORP), Warrant Agreement (Heckmann CORP)

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Outstanding Warrants Only. The Company understands that the call rights provided for in this Section 6 apply only to outstanding Warrants. To the extent a person holds rights to purchase Warrants, such purchase rights shall not be extinguished by the call. However, once such purchase rights are exercised, the Company may call the Warrants issued upon such exercise provided that the criteria for the call set forth in Section 6.1 are is met.

Appears in 5 contracts

Samples: Warrant Agreement (Tailwind Financial Inc.), Warrant Agreement (Tailwind Financial Inc.), Warrant Agreement (Western United Financial Corp)

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