Common use of DELIVERY OF PROCEEDS OF EXERCISE Clause in Contracts

DELIVERY OF PROCEEDS OF EXERCISE. Within two days after the receipt thereof in cleared funds, the Warrant Agent shall deliver to the Company all proceeds received from Warrant Holders on exercise of the Warrants.

Appears in 9 contracts

Sources: Warrant Agreement (Fieldpoint Petroleum Corp), Warrant Agreement (Fieldpoint Petroleum Corp), Warrant Agreement (Pelion Systems Inc)

DELIVERY OF PROCEEDS OF EXERCISE. Within two days On a monthly basis after the receipt thereof in cleared funds, the Warrant Agent shall deliver to the Company all proceeds received from Warrant Holders on exercise of the Warrants.

Appears in 2 contracts

Sources: Warrant Agreement (Fieldpoint Petroleum Corp), Warrant Agreement (Fieldpoint Petroleum Corp)