Delivery of Stock Certificates, etc. As soon as practicable after each exercise of this Warrant, in whole or in part, and in any event within three Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or as such holder may direct: (a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; and (b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereof.
Appears in 5 contracts
Sources: Warrant Agreement (Kenexa Corp), Warrant Agreement (Kenexa Corp), Warrant Agreement (Kenexa Corp)
Delivery of Stock Certificates, etc. As soon as practicable after each exercise of this Warrant, in whole or in part, and in any event within three five Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to Section 9, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; , and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereof1.1.
Appears in 5 contracts
Sources: Common Stock Purchase Warrant (PMC International Inc), Common Stock Purchase Warrant (PMC International Inc), Common Stock Purchase Warrant (Bedford Capital Financial Corp)
Delivery of Stock Certificates, etc. As soon as practicable after each exercise of this Warrant, in whole or in part, and in any event within three Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder Holder hereof or as such holder Holder may direct:
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock to which such holder Holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder Holder would otherwise be entitled, cash in an amount equal to the same fraction of the Current Market Price per share on the Business Day next preceding the date of such exercise; and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) called for on the face of this Warrant minus the number of such shares designated by the holder Holder upon such exercise as provided in Section 3.1 2.1 hereof.
Appears in 5 contracts
Sources: Warrant Agreement (Kenexa Corp), Warrant Agreement (Kenexa Corp), Warrant Agreement (Kenexa Corp)
Delivery of Stock Certificates, etc. As soon as practicable after each the exercise of this Warrant, in whole or in part, and in any event within three Business Days ten business days thereafter, the Company at its expense (including the payment by it of any applicable issue issuance taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to Section 3, to such Person as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for of the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock to which such holder shall be entitled upon such exercise exercise, as the case may be, plus, in lieu of any fractional share to which such holder would otherwise be entitledentitled upon such exercise, cash in an amount equal to the same fraction of the Market Price per share on the Business Day business day next preceding the date of such exercise; , and
(b) in case such exercise is only in part onlypart, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for issuance of the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereoftherein) to the number of such shares called for on the face of this Warrant minus the number of such shares so designated by the such holder upon such exercise as provided in Section 3.1 hereof1.1.
Appears in 3 contracts
Sources: Warrant Agreement (Worldwide Wireless Inc), Warrant Agreement (Worldwide Wireless Inc), Warrant Agreement (Worldwide Wireless Inc)
Delivery of Stock Certificates, etc. As soon as practicable after each exercise of this Warrant, in whole or in part, and in any event within three five Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to section 9, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; , and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereofsection 1.1.
Appears in 2 contracts
Sources: Common Stock Purchase Warrant (Transaction Systems Architects Inc), Common Stock Purchase Warrant (Wand Nestor Investments L P Et Al)
Delivery of Stock Certificates, etc. As soon as practicable after each exercise from time to time of this Warrant, in whole or in part, and in any event within three five Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to section 9, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; , and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereofsection 1.1.
Appears in 2 contracts
Sources: Common Stock Purchase Warrant (Cyber Dialogue Inc), Common Stock Purchase Warrant (Cyber Dialogue Inc)
Delivery of Stock Certificates, etc. As soon as practicable after ----------------------------------- each exercise of this Warrant, in whole or in part, and in any event within three five Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to section 9, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; , and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereofsection 1.1.
Appears in 2 contracts
Sources: Common Stock Purchase Warrant (Information Management Associates Inc), Common Stock Purchase Warrant (Information Management Associates Inc)
Delivery of Stock Certificates, etc. As soon as practicable after each exercise of this Warrant, in whole or in part, and in any event within three five Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to Section 5, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock Warrant Shares to which such holder shall be entitled upon such exercise plusPLUS, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next immediately preceding the date of such exercise; and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereof2.1.
Appears in 2 contracts
Sources: Warrant Agreement (Tweeter Home Entertainment Group Inc), Warrant Agreement (Tweeter Home Entertainment Group Inc)
Delivery of Stock Certificates, etc. As soon as practicable after each exercise of this Warrant, in whole or in part, and in any event within three five (5) Business Days thereafter, the Company at its sole expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to Section 10 hereof, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 1.1 hereof.
Appears in 1 contract
Delivery of Stock Certificates, etc. As soon as practicable after each exercise from time to time of this Warrant, in whole or in part, and in any event within three five Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to section 9, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; , and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) to the number of such shares called for on the face of
1. All shares of Common Stock issued upon the exercise of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereofshall be validly issued, fully paid and nonassessable.
Appears in 1 contract
Sources: Common Stock Purchase Warrant (Wand Partners Sc Inc)
Delivery of Stock Certificates, etc. As soon as practicable after each the exercise of this Warrant, in whole or in part, and in any event within three five Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue issuance taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to Section 6, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; , and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for issuance of the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereoftherein) to the number of such shares called for on the face of this Warrant minus the number of such shares so designated by the such holder upon such exercise as provided in Section 3.1 hereof1.1.
Appears in 1 contract
Delivery of Stock Certificates, etc. As soon as practicable after each the exercise of this Warrant, in whole or in part, and in any event within three ten (10) Business Days thereafterthereafter (unless such exercise shall be in connection with an underwritten Public Offering of shares of Common Stock (or Other Securities) subject to this Warrant, in which event concurrently with such exercise), the Company at its expense (including the payment by it of any taxes (other than transfer taxes) applicable issue taxesto the Company) will cause to be issued in the name 5 - 391 - of and delivered to the holder hereof or or, subject to Section 8, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share of such Common Stock (or Other Securities) on the Business Day next preceding the date of such exercise; , and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereoftherein) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereof1.1.
Appears in 1 contract
Sources: Common Stock Purchase Warrant (Data Transmission Network Corp)
Delivery of Stock Certificates, etc. As soon as practicable after each exercise of this Warrant, in whole or in part, and in any event within three five Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to Section 9 hereof, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; and
and (b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 1.1 hereof.
Appears in 1 contract
Sources: Common Stock Purchase Warrant (E Z Serve Corporation)
Delivery of Stock Certificates, etc. As soon as practicable after each exercise of this Warrant, in whole or in part, and in any event within three Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to section 9, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; , and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereofsection 1.1.
Appears in 1 contract
Sources: Non Voting Common Stock Purchase Warrant (Granite Broadcasting Corp)
Delivery of Stock Certificates, etc. As soon as practicable after each exercise of this Warrant, in whole or in part, and in any event within three Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or as such holder may direct:
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Current Market Price per share on the Business Day next preceding the date of such exercise; and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereof.
Appears in 1 contract
Sources: Class B Common Stock and Warrant Purchase Agreement (Talentpoint Inc)
Delivery of Stock Certificates, etc. As soon as practicable after each the ------------------------------------ exercise of this Warrant, in whole or in part, and in any event within three ten Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to section 8, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:
, (a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; and
exercise and (b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for issuance of the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereoftherein) to the number of such shares called for on the face of this Warrant minus the number of such shares so designated by the such holder upon such exercise as provided in Section 3.1 hereofsection 1.1.
Appears in 1 contract
Delivery of Stock Certificates, etc. As soon as practicable ----------------------------------- after each exercise from time to time of this Warrant, in whole or in part, and in any event within three five Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to section 9, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise other wise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; , and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) to the number of such shares called for on the face of this
1. All shares of Common Stock issued upon the exercise of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereofshall be validly issued, fully paid and nonassessable.
Appears in 1 contract
Sources: Common Stock Purchase Warrant (Information Management Associates Inc)
Delivery of Stock Certificates, etc. As soon as practicable after each the exercise of this Warrant, in whole or in part, and in any event within three ten (10) Business Days thereafterthereafter (unless such exercise shall be in connection with an underwritten Public Offering of shares of Common Stock (or Other Securities) subject to this Warrant, in which event concurrently with such exercise), the Company at its expense (including the payment by it of any applicable issue taxes (other than transfer taxes) payable by the Company) will cause to be issued in the name of and delivered to the holder hereof or or, subject to Section 8, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share of such Common Stock (or Other Securities) on the Business Day next preceding the date of such exercise; , and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereoftherein) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereof1.1.
Appears in 1 contract
Sources: Common Stock Purchase Warrant (Data Transmission Network Corp)
Delivery of Stock Certificates, etc. As soon as practicable after each exercise of this Warrant, in whole or in part, and in any event within three Business Days five business days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to Section 7 hereof, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day business day next preceding the date of such exercise; and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 1.1 hereof.
Appears in 1 contract
Sources: Common Stock Purchase Warrant (Advanced Radio Telecom Corp)
Delivery of Stock Certificates, etc. As soon as practicable after each the exercise of this Warrant, in whole or in part, and in any event within three ten (10) Business Days thereafterthereafter (unless such exercise shall be in connection with an underwritten Public Offering of shares of Common Stock (or Other Securities) subject to this Warrant, in which event concurrently with such exercise), the Company at its expense (including the payment by it of any taxes (other than transfer taxes) applicable issue taxesto the Company) will cause to be issued in the name of and delivered to the holder hereof or or, subject to Section 8, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share of such Common Stock (or Other Securities) on the Business Day next preceding the date of such exercise; , and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereoftherein) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereof1.1.
Appears in 1 contract
Sources: Common Stock Purchase Warrant (Data Transmission Network Corp)
Delivery of Stock Certificates, etc. As soon as practicable after ----------------------------------- each exercise of this Warrant, in whole or in part, and in any event within three five Business Days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the holder hereof or or, subject to section 9, as such holder (upon payment by such holder of any applicable transfer taxes) may direct:,
(a) a certificate or certificates for the number of duly authorized, validly issued, fully paid and nonassessable shares of Class A Common Stock (or Other Securities) to which such holder shall be entitled upon such exercise plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash in an amount equal to the same fraction of the Market Price per share on the Business Day next preceding the date of such exercise; , and
(b) in case such exercise is in part only, a new Warrant or Warrants of like tenor, dated the date hereof and calling in the aggregate on the face or faces thereof for the number of shares of Class A Common Stock equal to the number of such shares (without giving effect to any adjustment thereof) to the number of such shares called for on the face of this Warrant minus the number of such shares designated by the holder upon such exercise as provided in Section 3.1 hereof.section 1.1
Appears in 1 contract
Sources: Common Stock Purchase Warrant (Information Management Associates Inc)