No Obligation to Net Cash Settle. Notwithstanding anything to the contrary contained in this Purchase Option, if the Company is unable to deliver any securities pursuant to the exercise of this Purchase Option, the Purchase Option and underlying securities may expire unexercised or unredeemed if there is no effective registration statement covering the securities underlying the Purchase Option. In no event will the Company be obligated to pay the registered Holder of the Purchase Option any cash or otherwise “net cash settle” the Purchase Option or the Warrants underlying the Purchase Option.
Appears in 1 contract
Sources: Purchase Option Agreement (Columbus Acquisition Corp)
No Obligation to Net Cash Settle. Notwithstanding anything to the contrary contained in this Purchase Option, if the Company is unable to deliver any securities pursuant to the exercise of this Purchase Option, the Purchase Option and underlying securities may expire unexercised or unredeemed if there is no effective registration statement covering the securities underlying the Purchase Option. In no event will Option and the Company be obligated will have no obligation to pay the such registered Holder of the Purchase Option holder any cash or otherwise “net cash settle” the Purchase Option or the Warrants underlying the Purchase Option.
Appears in 1 contract
Sources: Purchase Option Agreement (Israel Technology Acquisition Corp.)