Exercise and Cancellation of Special Warrants Clause Samples

The "Exercise and Cancellation of Special Warrants" clause defines the procedures and conditions under which holders of special warrants can either exercise their rights to convert these warrants into underlying securities or have them cancelled. Typically, this clause outlines the steps required for exercise, such as submitting notice and payment, as well as the circumstances that may lead to automatic or voluntary cancellation, such as expiration or failure to meet certain conditions. Its core function is to provide clear rules for both parties regarding how and when special warrants can be acted upon, thereby reducing uncertainty and ensuring orderly management of these financial instruments.
Exercise and Cancellation of Special Warrants. 32 5.1 Notice of Deemed Exercise to Special Warrantholders 32 5.2 No Voluntary Exercise of Special Warrants 32 5.3 Deemed Exercise of Special Warrants 32 5.4 Effect of Exercise of Special Warrants 32 5.5 Special Warrants Void After Exercise 33 5.6 Fractions of Underlying Securities 33 5.7 Accounting and Recording 33 5.8 Legending of Special Warrants and Underlying Securities 33 5.9 Securities Restrictions 35 ARTICLE 6 MEETINGS OF SPECIAL WARRANTHOLDERS 35 6.1 Definitions 35 6.2 Convening Meetings 36 6.3 Place of Meeting 36 6.4 Notice 36 6.5 Persons Entitled to Attend 36 6.6 Quorum 37 6.7 Chairman 37 6.8 Power to Adjourn 37 6.9 Adjourned Meeting 37 6.10 Show of Hands 37 6.11 Poll 37 6.12 Regulations 38 6.13 Powers of Special Warrantholders 38 6.14 Powers Cumulative 39 6.15 Minutes of Meetings 40 6.16 Written Resolutions 40
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Exercise and Cancellation of Special Warrants. 33 5.1 Notice of Deemed Exercise to Special Warrantholders 33 5.2 No Voluntary Exercise of Special Warrants 33 5.3 Deemed Exercise of Special Warrants 33 5.4 Effect of Exercise of Special Warrants 33 5.5 Special Warrants Void After Exercise 34 5.6 Fractions of Underlying Securities 34 5.7 Accounting and Recording 34 5.8 Legending of Special Warrants and Underlying Securities 34 5.9 Securities Restrictions 35 ARTICLE 6 MEETINGS OF SPECIAL WARRANTHOLDERS 35 6.1 Definitions 35 6.2 Convening Meetings 35 6.3 Place of Meeting 36
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Exercise and Cancellation of Special Warrants 
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Related to Exercise and Cancellation of Special Warrants

  • Cancellation of Shares If the Corporation shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement). Such shares shall be deemed purchased in accordance with the applicable provisions hereof, and the Corporation shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

  • Cancellation of Warrants In the event the Company shall purchase or otherwise acquire Warrants, the same shall thereupon be cancelled and retired. The warrant agent (if so appointed) shall cancel any Warrant surrendered for exchange, substitution, transfer or exercise in whole or in part.

  • Cancellation of Surrendered Warrants All Warrant Certificates surrendered pursuant to Article 3 shall be cancelled by the Warrant Agent and upon such circumstances all such Uncertificated Warrants shall be deemed cancelled and so noted on the register by the Warrant Agent. Upon request by the Corporation, the Warrant Agent shall furnish to the Corporation a cancellation certificate identifying the Warrant Certificates so cancelled, the number of Warrants evidenced thereby, the number of Common Shares, if any, issued pursuant to such Warrants and the details of any Warrant Certificates issued in substitution or exchange for such Warrant Certificates cancelled.

  • Replacement of Shares If any certificate or instrument evidencing any Shares is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement Shares.

  • Exclusion of Private Placement Warrants The Company agrees that (a) the redemption rights provided in Section 6.1 hereof shall not apply to the Private Placement Warrants if at the time of the redemption such Private Placement Warrants continue to be held by the Sponsor or its Permitted Transferees and (b) if the Reference Value equals or exceeds $18.00 per share (subject to adjustment in compliance with Section 4 hereof), the redemption rights provided in Section 6.2 hereof shall not apply to the Private Placement Warrants if at the time of the redemption such Private Placement Warrants continue to be held by the Sponsor or its Permitted Transferees. However, once such Private Placement Warrants are transferred (other than to Permitted Transferees in accordance with Section 2.6 hereof), the Company may redeem the Private Placement Warrants pursuant to Section 6.1 or 6.2 hereof, provided that the criteria for redemption are met, including the opportunity of the holder of such Private Placement Warrants to exercise the Private Placement Warrants prior to redemption pursuant to Section 6.4 hereof. Private Placement Warrants that are transferred to persons other than Permitted Transferees shall upon such transfer cease to be Private Placement Warrants and shall become Public Warrants under this Agreement, including for purposes of Section 9.8 hereof.