Common use of Lost or Destroyed Warrant Clause in Contracts

Lost or Destroyed Warrant. If this Warrant is lost, stolen, destroyed, or mutilated, the Company shall at the request of Holder and upon the surrender of any remains of this Warrant execute and deliver to Holder a replacement warrant in form identical to this Warrant. The replacement warrant shall be an obligation of the Company enforceable by the Holder regardless of whether the lost, stolen, destroyed, or mutilated warrant is enforceable by anyone. This Warrant is not a negotiable instrument and is transferable only in accordance with the provisions of Section 3.3.

Appears in 2 contracts

Sources: Warrant to Purchase Stock (Art Technology Group Inc), Warrant to Purchase Stock (Art Technology Group Inc)

Lost or Destroyed Warrant. If this Warrant is lost, stolen, ------------------------- destroyed, or mutilated, the Company shall at the request of Holder and upon the surrender of any remains of this Warrant execute and deliver to Holder a replacement warrant in form identical to this Warrant. The replacement warrant shall be an obligation of the Company enforceable by the Holder regardless of whether the lost, stolen, destroyed, or mutilated warrant is enforceable by anyone. This Warrant is not a negotiable instrument and is transferable only in accordance with the provisions of Section 3.3.

Appears in 1 contract

Sources: Warrant Purchase Agreement (Matrixone Inc)