Common use of Cancellation of the Warrants Clause in Contracts

Cancellation of the Warrants. Any Warrant Certificate shall be promptly cancelled by the Warrant Agent upon the earlier of (i) the mutilation of the Warrant Certificate as described in Section 5.02, or (ii) registration of Transfer or exercise of such Warrants and, except as provided in this Article 2 in case of a Transfer or Section 5.02 in case of mutilation, no Warrant Certificate shall be issued hereunder in lieu thereof.

Appears in 1 contract

Sources: Warrant Agreement (SAExploration Holdings, Inc.)

Cancellation of the Warrants. Any Warrant Certificate shall be promptly cancelled by the Warrant Agent upon the earlier of (i) the mutilation of the Warrant Certificate as described in Section 5.02, or (ii) registration of Transfer or exercise of such Warrants (or, in the case of a Global Warrant, all Warrants represented thereby) and, except as provided in this Article 2 in case of a Transfer or Section 5.02 in case of mutilation, no Warrant Certificate shall be issued hereunder in lieu thereof.

Appears in 1 contract

Sources: Warrant Agreement (SAExploration Holdings, Inc.)