Common use of Cost Basis Information Clause in Contracts

Cost Basis Information. 3.5.1 In the event of a cash exercise, the Company shall instruct the Warrant Agent to record cost basis for newly issued shares in a manner reasonably determined by the Company to be subsequently communicated by the Company to the Warrant Agent. In the absence of basis information provided by the Company, securities will be recorded by the Warrant Agent as noncovered. 3.5.2 In the event of a Cashless Exercise or Alternate Cashless Exercise, the Company shall provide cost basis for shares issued pursuant to a Cashless Exercise or Alternate Cashless Exercise at the time the Company confirms the Net Number or Alternate Net Number to the Warrant Agent pursuant to Section 3.3.2 hereof.