Common use of Exchange of Special Warrant Certificates Clause in Contracts

Exchange of Special Warrant Certificates. (1) Special Warrant Certificates, representing Special Warrants entitling the Holders to receive any specified number of Units, may, prior to the Expiry Time and during the Exercise Period and upon compliance with the reasonable requirements of the Trustee, be exchanged for another Special Warrant Certificate or Special Warrant Certificates entitling the Holder thereof to receive in the aggregate the same number of Units as are issuable under the Special Warrant Certificate or Special Warrant Certificates so exchanged. (2) Special Warrant Certificates may be exchanged only at the Warrant Agency or at any other place that is designated by the Company with the approval of the Trustee. Any Special Warrant Certificates tendered for exchange shall be surrendered to the Trustee and shall be cancelled. (3) Except as otherwise herein provided, the Trustee shall charge to the Holder requesting an exchange a reasonable sum for each new Special Warrant Certificate issued in exchange for Special Warrant Certificate(s); and payment of such charges and reimbursement to the Trustee or the Company for any and all taxes or governmental or other charges required to be paid shall be made by such Holder as a condition precedent to such exchange.

Appears in 1 contract

Sources: Warrant Indenture (Northern Orion Resources Inc)

Exchange of Special Warrant Certificates. (1) Special Warrant Certificates, representing Special Warrants entitling the Holders to receive any specified number of UnitsUnderlying Shares, may, prior to the Expiry Time and during the Exercise Period and upon compliance with the reasonable requirements of the Trustee, be exchanged for another Special Warrant Certificate or Special Warrant Certificates entitling the Holder thereof to receive in the aggregate the same number of Units Underlying Shares as are issuable under the Special Warrant Certificate or Special Warrant Certificates so exchanged. (2) Special Warrant Certificates may be exchanged only at the Warrant Agency or at any other place that is designated by the Company with the approval of the Trustee. Any Special Warrant Certificates tendered for exchange shall be surrendered to the Trustee and shall be cancelled. (3) Except as otherwise herein provided, the Trustee shall charge to the Holder requesting an exchange a reasonable sum for each new Special Warrant Certificate issued in exchange for a surrendered Special Warrant Certificate(s); and payment of such charges and reimbursement to the Trustee or the Company for any and all taxes or governmental or other charges required to be paid shall be made by such Holder as a condition precedent to such exchange.

Appears in 1 contract

Sources: Special Warrant Indenture (Sandspring Resources Ltd.)

Exchange of Special Warrant Certificates. (1) Special Warrant Certificates, representing Special Warrants entitling the Holders to receive any specified number of UnitsCommon Shares and Warrants, may, prior to the Expiry Time and during the Exercise Period and upon compliance with the reasonable requirements of the Trustee, be exchanged for another Special Warrant Certificate or Special Warrant Certificates entitling the Holder thereof to receive in the aggregate the same number of Units Common Shares and Warrants as are issuable under the Special Warrant Certificate or Special Warrant Certificates so exchanged. (2) Special Warrant Certificates may be exchanged only at the Warrant Agency or at any other place that is designated by the Company with the approval of the Trustee. Any Special Warrant Certificates tendered for exchange shall be surrendered to the Trustee and shall be cancelled. (3) Except as otherwise herein provided, the Trustee shall charge to the Holder requesting an exchange a reasonable sum for each new Special Warrant Certificate issued in exchange for a surrendered Special Warrant Certificate(s); and payment of such charges and reimbursement to the Trustee or the Company for any and all taxes or governmental or other charges required to be paid shall be made by such Holder as a condition precedent to such exchange.

Appears in 1 contract

Sources: Special Warrant Indenture