Common use of DIVISIBILITY OF WARRANT Clause in Contracts

DIVISIBILITY OF WARRANT. Subject to securities law compliance, this Warrant may be divided into warrants representing one Warrant Share or multiples thereof, upon surrender at the principal office of the Corporation on any Business Day, without charge to the Warrantholder. Upon any such division, and, if permitted by subsection 2.5 and in accordance with the provisions thereof, the Warrants may be transferred of record to a name other than that of the Warrantholder of record; PROVIDED, HOWEVER, that the Warrantholder shall be required to pay any and all transfer taxes with respect thereto.

Appears in 2 contracts

Sources: Warrant Agreement (Alliance Pharmaceutical Corp), Warrant Agreement (Alliance Pharmaceutical Corp)