Common use of Trustee for Warrant Holders Clause in Contracts

Trustee for Warrant Holders. In the event that a bank or trust company has been appointed as trustee for the Holder of this Warrant, such bank or trust company will have all the powers and duties of a Warrant Agent appointed pursuant to Section 10 and will accept, in its own name for the account of the Company or such successor person as may be entitled thereto, all amounts otherwise payable to the Company or such successor, as the case may be, on exercise of this Warrant pursuant to this Section 1.

Appears in 1 contract

Samples: Subscription Agreement (Acrodyne Communications Inc)

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Trustee for Warrant Holders. In the event that If a bank or trust company has shall have been appointed as trustee for the Holder holders of this the Warrant, such bank or trust company will shall have all the powers and duties of a Warrant Agent appointed pursuant to Section 10 warrant agent (as hereinafter described) and will shall accept, in its own name for the account of the Company or such successor person as may be entitled thereto, all amounts otherwise payable to the Company or such successor, as the case may be, on exercise of this Warrant pursuant to this Section 1Warrant.

Appears in 1 contract

Samples: Warrant Agreement (Trinity Learning Corp)

Trustee for Warrant Holders. In the event that a bank or trust company has shall have been appointed as trustee for the Holder Holders of this Warrantthe Warrants pursuant to Section 9, such bank or trust company will shall have all the powers and duties of a Warrant Agent warrant agent appointed pursuant to Section 10 12 and will shall accept, in its own name for the account of the Company or such successor person as may be entitled thereto, all amounts otherwise payable to the Company or such successor, as the case may be, on exercise of this Warrant pursuant to this Section 1.

Appears in 1 contract

Samples: License Agreement (Sparta Pharmaceuticals Inc)

Trustee for Warrant Holders. In the event that a bank or trust company has shall have been appointed as trustee for the Holder Holders of this Warrantthe Warrants pursuant to Section 8, such bank or trust company will shall have all the powers and duties of a Warrant Agent warrant agent appointed pursuant to Section 10 11 and will shall accept, in its own name for the account of the Company or such successor person as may be entitled thereto, all amounts otherwise payable to the Company or such successor, as the case may be, on exercise of this Warrant pursuant to this Section 1.

Appears in 1 contract

Samples: Warrant Agreement (Sparta Pharmaceuticals Inc)

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Trustee for Warrant Holders. In the event that a bank or trust company has Company shall have been appointed as trustee for the Holder of this Warrantpursuant to Section 4.2, such bank or trust company will Company shall have all the powers and duties of a Warrant Agent warrant agent appointed pursuant to Section 10 11 and will shall accept, in its own name for the account of the Company or such successor person as may be entitled thereto, all amounts otherwise payable to the Company or such successor, as the case may be, on exercise of this Warrant pursuant to this Section 1.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Oneworld Systems Inc)

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