Exchange of Certificate. Any Warrant Certificate may be exchanged for Warrant Certificates entitling a Warrant-Holder, in the aggregate, to purchase on like terms an equal number of Warrant Shares as the Warrant Certificate or Certificates surrendered then entitled such Warrant-Holder to purchase. Any Warrant-Holder desiring to exchange a Warrant Certificate shall make such request in writing delivered to Alon USA, and shall surrender the certificate evidencing the Warrant to be so exchanged. Thereupon, Alon USA shall execute and deliver to the person entitled thereto a new Warrant Certificate as so requested. If the Warrant Amount and/or the Warrant Shares are adjusted as contemplated by this Agreement, at the request of Alon USA, each Warrant-Holder then holding a Warrant Certificate shall surrender the Warrant Certificate or Warrant Certificates held by it to Alon USA in exchange for a new Warrant Certificate reflecting the adjusted Warrant Amount and/or Warrant Shares.
Appears in 3 contracts
Sources: Warrant Agreement (Alon USA Energy, Inc.), Warrant Agreement (Alon USA Energy, Inc.), Warrant Agreement (Alon USA Energy, Inc.)