Cancellation and Issuance of New Warrant Sample Clauses

Cancellation and Issuance of New Warrant. Upon receipt by the Company of satisfactory evidence of the ownership of and the loss, theft, destruction, or mutilation of this Warrant, and (i) in the case of loss, theft, or destruction, upon receipt by the Company of indemnity satisfactory to it, or (ii) in the case of mutilation, upon receipt of this Warrant and upon surrender and cancellation of this Warrant, the Company shall execute and deliver in lieu thereof a new Warrant representing the right to purchase an equal number of Shares.
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Cancellation and Issuance of New Warrant. Notwithstanding anything to the contrary contained herein, this Warrant shall be deemed automatically cancelled if the Company completes a reverse stock split of its issued and outstanding Common Stock at an exchange ratio of twenty to one (the "REVERSE STOCK SPLIT") by filing a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the Reverse Stock Split (the "REVERSE STOCK SPLIT COMPLETION DATE"). Promptly after the Reverse Stock Split Completion Date, the Company shall send a notice of such event to the Holder, and upon receipt of such notice, the Holder shall thereafter promptly deliver the original, executed copy of this Warrant to the Company for cancellation. Upon the Company's receipt of the original, executed copy of this Warrant and in exchange therefor, the Company will cause to be issued in the name of and delivered to the Holder hereof the warrant attached hereto as Exhibit A (the "NEW WARRANT"). The issuance and delivery of the New Warrant shall constitute full and complete consideration for the cancellation of this Warrant. For the avoidance of doubt, the number of shares of Common Stock and per share purchase price set forth on the first page of the New Warrant shall not be adjusted as a result
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Cancellation and Issuance of New Warrant. Notwithstanding anything to the contrary contained herein, this Warrant shall be deemed automatically cancelled if the Company completes a reverse stock split of its issued and outstanding Common Stock at an exchange ratio of twenty to one (the "Reverse Stock Split") by filing a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the Reverse Stock Split (the "Reverse Stock Split Completion Date"). 11NEXT PAGE Promptly after the Reverse Stock Split Completion Date, the Company shall send a notice of such event to the Holder, and upon receipt of such notice, the Holder shall thereafter promptly deliver the original, executed copy of this Warrant to the Company for cancellation. Upon the Company's receipt of the original, executed copy of this Warrant and in exchange therefor, the Company will cause to be issued in the name of and delivered to the Holder hereof the warrant attached hereto as Exhibit A (the "New Warrant"). The issuance and delivery of the New Warrant shall constitute full and complete consideration for the cancellation of this Warrant. For the avoidance of doubt, the number of shares of Common Stock and per share purchase price set forth on the first page of the New Warrant shall not be adjusted as a result of the Reverse Stock Split. The Holder shall be deemed to become the holder of, and shall be treated for all purposes as the record holder of, the New Warrant, and such New Warrant shall be deemed to have been issued, immediately upon the Reverse Stock Split Completion Date, notwithstanding that the stock transfer books of the Company shall then be closed or that the New Warrant shall not then be actually delivered to the Holder. The issuance of the New Warrant shall be made without charge to the Holder for any issuance tax with respect thereto or any other cost incurred by the Company in connection with the issuance of the New Warrant.
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Related to Cancellation and Issuance of New Warrant

  • Issuance of New Warrants Whenever the Company is required to issue a new Warrant pursuant to the terms of this Warrant, such new Warrant (i) shall be of like tenor with this Warrant, (ii) shall represent, as indicated on the face of such new Warrant, the right to purchase the Warrant Shares then underlying this Warrant (or in the case of a new Warrant being issued pursuant to Section 7(a) or Section 7(c), the Warrant Shares designated by the Holder which, when added to the number of shares of Common Stock underlying the other new Warrants issued in connection with such issuance, does not exceed the number of Warrant Shares then underlying this Warrant), (iii) shall have an issuance date, as indicated on the face of such new Warrant which is the same as the Issuance Date, and (iv) shall have the same rights and conditions as this Warrant.

  • Issuance of New Notes Whenever the Company is required to issue a new Note pursuant to the terms hereof, such new Note (i) shall be of like tenor with this Note, (ii) shall represent, as indicated on the face of such new Note, the Principal remaining outstanding (or in the case of a new Note being issued pursuant to Section (4)(a) or Section (4)(c), the Principal designated by the Holder which, when added to the Principal represented by the other new Note(s) issued in connection with such issuance, does not exceed the Principal remaining outstanding under this Note immediately prior to such issuance of such new Note), (iii) shall have an issuance date, as indicated on the face of such new Note, which is the same as the Issuance Date of this Note, (iv) shall have the same rights and conditions as this Note, and (v) shall represent accrued and unpaid Interest from the Issuance Date.

  • Issuance of New Note Upon any partial conversion of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Borrower to the Holder for the principal balance of this Note and interest which shall not have been converted or paid. The Borrower will pay no costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

  • Issuance of New Certificates to Pledgee A pledgee of Shares transferred as collateral security shall be entitled to a new certificate if the instrument of transfer substantially describes the debt or duty that is intended to be secured thereby. Such new certificate shall express on its face that it is held as collateral security, and the name of pledgor shall be stated thereon, who alone shall be liable as a Shareholder and entitled to vote thereon.

  • Issuance of New Warrant Certificates Notwithstanding any of the provisions of this Agreement or of the Warrants to the contrary, the Company may, at its option, issue new Warrant Certificates evidencing Warrants in such form as may be approved by its Board of Directors to reflect any adjustment or change in the Exercise Price per share and the number or kind or class of shares of stock or other securities or property purchasable under the several Warrant Certificates made in accordance with the provisions of this Agreement.