Common use of Protection of Special Warrant Agent Clause in Contracts

Protection of Special Warrant Agent. The Special Warrant Agent: (a) is not at any time under any duty or responsibility to a Special Warrantholder to determine whether any facts exist which require any adjustment contemplated by Section 4.1, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; (b) is not accountable with respect to the validity or value (or the kind or amount) of any Underlying Securities or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Special Warrant; (c) is not responsible for any failure of the Company to make any cash payment or to issue, transfer or deliver the Underlying Securities or certificates for the same upon the surrender of any Special Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article 4; (d) will be entitled to act and rely on any adjustment calculation of the Company or the Company’s auditors; and (e) shall not incur any liability or responsibility whatsoever or be in any way responsible for the consequence of any breach on the part of the Company of any of the representations, warrants or covenants herein contained or of any acts of agents or servants of the Company.

Appears in 2 contracts

Samples: Special Warrant Indenture, Special Warrant Indenture

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Protection of Special Warrant Agent. The Special Warrant Agent: (a) is not at any time under any duty or responsibility to a Special Warrantholder to determine whether any facts exist which require any adjustment contemplated by Section 4.1, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; (b) is not accountable with respect to the validity or value (or the kind or amount) of any Underlying Securities shares or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Special Warrant; (c) is not responsible for any failure of the Company Corporation to make any cash payment or to issue, transfer or deliver the Underlying Securities or certificates for the same Unit Shares or Warrants upon the surrender of any Special Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article 4; (d) will be entitled to act and rely on any adjustment calculation of the Company Corporation or the CompanyCorporation’s auditors; and (e) shall not incur any liability or responsibility whatsoever or be in any way responsible for the consequence of any breach on the part of the Company Corporation of any of the representations, warrants warranties or covenants herein contained or of any acts of the agents or servants of the CompanyCorporation.

Appears in 2 contracts

Samples: Special Warrant Indenture (Niocorp Developments LTD), Special Warrant Indenture (Niocorp Developments LTD)

Protection of Special Warrant Agent. The Special Warrant Agent: (a) is entitled to act and rely, and shall be protected in so doing, on any adjustment calculation of the Corporation or the Corporation’s auditors and any other documents filed by the Corporation pursuant to this Article 4 for all purposes; (b) is not at any time under any duty or responsibility to a Special Warrantholder to determine whether any facts exist which require any adjustment contemplated by Section 4.1, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; (bc) is not accountable with respect to the validity or value (or the kind or amount) of any Underlying Securities or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Special Warrant;shares (cd) is not responsible for any failure of the Company Corporation to make any cash payment or to issue, transfer or deliver certificates for the Underlying Securities or certificates for the same upon the surrender of any Special Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article 4; (d) will be entitled to act and rely on any adjustment calculation of the Company or the Company’s auditors; and (e) shall not incur any liability or responsibility whatsoever or be in any way responsible for the consequence of any breach on the part of the Company Corporation of any of the representations, warrants warranties or covenants herein contained or of any acts of the agents or servants of the CompanyCorporation.

Appears in 1 contract

Samples: Special Warrant Indenture

Protection of Special Warrant Agent. The Special Warrant Agent: (a) is not at any time under any duty or responsibility to a Special Warrantholder to determine whether any facts exist which require any adjustment contemplated by Section 4.1, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; (b) is not accountable with respect to the validity or value (or the kind or amount) of any Underlying Securities Units or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Special Warrant; (c) is not responsible for any failure of the Company to make any cash payment or to issue, transfer or deliver the Underlying Securities Units or certificates for the same upon the surrender of any Special Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article 4; (d) will be entitled to act and rely on any adjustment calculation of the Company or the Company’s 's auditors; and (e) shall not incur any liability or responsibility whatsoever or be in any way responsible for the consequence of any breach on the part of the Company of any of the representations, warrants or covenants herein contained or of any acts of agents or servants of the Company.

Appears in 1 contract

Samples: Special Warrant Indenture

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Protection of Special Warrant Agent. The Special Warrant Agent: (a) is not at any time under any duty or responsibility to a Special Warrantholder to determine whether any facts exist which require any adjustment contemplated by Section 4.1, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; (b) is not accountable with respect to the validity or value (or the kind or amount) of any Underlying Securities or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Special Warrant; (c) is not responsible for any failure of the Company to make any cash payment or to issue, transfer or deliver the Underlying Securities or certificates for the same upon the surrender of any Special Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article 4; (d) will be entitled to act and rely on any adjustment calculation of the Company or the Company’s auditorsAuditor; and (e) shall not incur any liability or responsibility whatsoever or be in any way responsible for the consequence of any breach on the part of the Company of any of the representations, warrants or covenants herein contained or of any acts of agents or servants of the Company.

Appears in 1 contract

Samples: Special Warrant Indenture (Bunker Hill Mining Corp.)

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