Actions by Warrant Agent to Protect Interest Clause Samples

The "Actions by Warrant Agent to Protect Interest" clause authorizes the warrant agent to take necessary steps to safeguard the rights and interests of warrant holders and the integrity of the warrant agreement. In practice, this may involve the warrant agent initiating legal proceedings, making administrative decisions, or taking other protective actions if the issuer defaults or if the terms of the warrants are threatened. The core function of this clause is to ensure that the warrant agent has the authority and responsibility to act proactively in defense of the warrant holders, thereby minimizing risk and maintaining the enforceability of the warrants.
Actions by Warrant Agent to Protect Interest. The Warrant Agent shall have power to institute and to maintain such actions and proceedings as it may consider necessary or expedient to preserve, protect or enforce its interests and the interests of the Registered Warrantholders.
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Actions by Warrant Agent to Protect Interest. 43 Section 9.6 Warrant Agent Not Required to Give Security. 43 Section 9.7
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Related to Actions by Warrant Agent to Protect Interest

  • Performance of Covenants by Warrant Agent If the Corporation shall fail to perform any of its covenants contained in this Indenture, the Warrant Agent may notify the Registered Warrantholders of such failure on the part of the Corporation and may itself perform any of the covenants capable of being performed by it but, subject to Section 9.2, shall be under no obligation to perform said covenants or to notify the Registered Warrantholders of such performance by it. All sums expended or advanced by the Warrant Agent in so doing shall be repayable as provided in Section 5.3. No such performance, expenditure or advance by the Warrant Agent shall relieve the Corporation of any default hereunder or of its continuing obligations under the covenants herein contained.