Common use of Issue to Other than Holder Clause in Contracts

Issue to Other than Holder. If any Underlying Securities issuable pursuant to any Special Warrants are to be issued to a person or persons other than the Special Warrantholder, the Special Warrantholder must pay to the Company an amount equal to all exigible transfer taxes or other government charges, and neither the Company nor the Trustee will be required to issue or deliver any certificates representing any such Underlying Securities unless or until such amount has been so paid or the Special Warrantholder has established to the satisfaction of the Company in its discretion, acting reasonably, that such taxes and charges have been paid or that no such taxes or charges are owing.

Appears in 2 contracts

Sources: Special Warrant Indenture (Ivanhoe Energy Inc), Special Warrant Indenture (Ivanhoe Energy Inc)

Issue to Other than Holder. If any Underlying Securities issuable pursuant to any Special Warrants are to be issued to a person or persons other than the Special Warrantholder, the Special Warrantholder must pay to the Company Corporation an amount equal to all exigible eligible transfer taxes or other government charges, and neither the Company Corporation nor the Trustee will be required to issue or deliver any certificates representing any such Underlying Securities unless or until such amount has been so paid or the Special Warrantholder has established to the satisfaction of the Company Corporation in its discretion, acting reasonably, that such taxes and charges have been paid or that no such taxes or charges are owing.

Appears in 1 contract

Sources: Special Warrant Indenture