Common use of Certificates for Warrant Shares Clause in Contracts

Certificates for Warrant Shares. Upon the exercise of the purchase rights evidenced by this Warrant, one or more certificates for the number of Warrant Shares so purchased shall be issued as soon as practicable thereafter, and in any event within three (3) business days of the delivery of the subscription notice, together with cash in lieu of any fraction of a Warrant Share equal to such fraction of the current Fair Market Value of one Warrant Share as of the date of exercise.

Appears in 2 contracts

Sources: Warrant Agreement (Frelii, Inc.), Warrant Agreement (Network Cn Inc)

Certificates for Warrant Shares. Upon the exercise of the purchase rights evidenced by this Warrant, one or more certificates for the number of Warrant Shares so purchased shall be issued as soon as practicable thereafterthereafter (with appropriate restrictive legends, if applicable), and in any event within three thirty (330) business days of the delivery of the subscription notice, together with cash in lieu of any fraction of a Warrant Share equal to such fraction of the current Fair Market Value of one Warrant Share as of the date notice of exercise.

Appears in 1 contract

Sources: Warrant Agreement (Micrus Corp)

Certificates for Warrant Shares. Upon the exercise of the purchase rights evidenced by this Warrant, one or more certificates for the number of Warrant Shares so purchased shall be issued as soon as practicable thereafter, and in any event within three ten (310) business days of the delivery of the subscription notice, together with cash in lieu of any fraction of a Warrant Share equal to such fraction of the current Fair Market Value of one Warrant Share as of the date of exercise.

Appears in 1 contract

Sources: Warrant Agreement (Surge Global Energy, Inc.)