Common use of Outstanding Warrants Clause in Contracts

Outstanding Warrants. The Warrants outstanding at any time are all the Warrants authenticated by the Warrant Agent except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Warrant effected by the Warrant Agent in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth in Section 3.9 hereof, a Warrant does not cease to be outstanding because Holdings or an Affiliate of Holdings holds the Warrant. If a Warrant is replaced pursuant to Section 3.7 hereof, it ceases to be outstanding unless the Warrant Agent receives proof satisfactory to it that the replaced Warrant is held by a bona fide purchaser.

Outstanding Warrants. The Warrants outstanding at any time -------------------- are all the Warrants authenticated by the Warrant Agent except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Warrant effected by the Warrant Agent in accordance with the provisions hereof, and those described in this Section as not outstanding. Except as set forth in Section 3.9 hereof, a Warrant does not cease to be outstanding because Holdings or an Affiliate of Holdings holds the Warrant. If a Warrant is replaced pursuant to Section 3.7 hereof, it ceases to be outstanding unless the Warrant Agent receives proof satisfactory to it that the replaced Warrant is held by a bona fide purchaser.