Common use of Prompt Issuance Clause in Contracts

Prompt Issuance. Upon exercise of the Warrants, the certificates for the shares of Common Stock underlying such Warrants shall be issued within ten business days without charge to the Holder including, without limitation, any tax that may be payable in connection with the issuance, and such certificates shall be issued in the name of, or in such name as may be directed by, Holder, provided that the Company shall not be required to pay any tax payable solely due to the issuance of a certificates in a name other than Holder. The Company shall not be required to issue or deliver such certificates until Holder pays the amount of such tax to the Company or establishes to the satisfaction of the Company that such tax has been paid.

Appears in 2 contracts

Samples: Warrant Agreement (Neurocrine Biosciences Inc), Warrant Agreement (Neurocrine Biosciences Inc)

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Prompt Issuance. Upon exercise of the Warrants, the certificates for the shares of Common Stock underlying such the Warrants shall be issued within ten business days without charge to the Holder including, without limitation, including any tax that may be payable in connection with the issuance, and such certificates shall be issued in the name of, or in such name as may be directed by, Holder, provided that the Company shall not be required to pay any tax payable solely due to the issuance of a certificates certificate in a name other than Holder. The Company shall not be required to issue or deliver such certificates until Holder pays the amount of such tax to the Company or establishes to the satisfaction of the Company that such tax has been paid. Any cash payment due to Holder upon exercise of the Warrants shall be paid to Holder within ten business days.

Appears in 1 contract

Samples: Warrant Agreement (Bionutrics Inc)

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Prompt Issuance. Upon exercise of the Warrants, the certificates for the shares of Common Stock underlying such Warrants shall be issued within ten business days without charge to the Holder including, without limitation, any tax that may be payable in connection with the issuance, and such certificates shall be issued in the name of, or in such name as may be directed by, Holder, provided that the Company shall not be required to pay any tax payable solely due to the issuance of a certificates in a name other than Holder. The Company shall not be required to issue or deliver such certificates until Holder pays the amount of such tax to the Company or establishes to the satisfaction of the Company that such tax has been paid.. 5.2

Appears in 1 contract

Samples: Warrant Agreement (Neurocrine Biosciences Inc)

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