Common use of No Rights as Shareholder Until Exercise Clause in Contracts

No Rights as Shareholder Until Exercise. This Warrant does not entitle the Holder to any voting rights or other rights as a shareholder of the Company prior to the exercise hereof. Upon the delivery of the Exercise Notice, the surrender of this Warrant, the payment of the aggregate Exercise Price to the Company, the Warrant Shares so purchased shall be and be deemed to be issued to such Holder as the record owner of such shares as of the close of business on the Exercise Date as determined in accordance with Section 3(a).

Appears in 4 contracts

Sources: Securities Purchase Agreement (First Virtual Communications Inc), Securities Purchase Agreement (First Virtual Communications Inc), Securities Agreement (First Virtual Communications Inc)

No Rights as Shareholder Until Exercise. This Warrant does not entitle the Holder to any voting rights or other rights as a shareholder of the Company prior to the exercise hereof. Upon the delivery of the Exercise Notice, the surrender of this Warrant, Warrant and the payment of the aggregate Exercise Price to the Companyand any applicable taxes as set forth in Section 3(a) above, the Warrant Shares so purchased shall be and be deemed to be issued to such Holder as the record owner of such shares as of the close of business on the Exercise Date as determined in accordance with Section 3(a)later of the date of such surrender or payment.

Appears in 3 contracts

Sources: Common Stock Purchase Agreement (Pro Net Link Corp), Common Stock Purchase Agreement (Pro Net Link Corp), Stock Purchase Warrant (Pro Net Link Corp)

No Rights as Shareholder Until Exercise. This Warrant does not entitle the Holder to any voting rights or other rights as a shareholder of the Company prior to the exercise hereof. Upon the delivery exercise of the Exercise Notice, the surrender of this Warrant, the payment of the aggregate Exercise Price to the CompanyWarrant in accordance with Subsection 3(a), the Warrant Shares so purchased shall be and be deemed to be issued to such Holder as the record owner of such shares as of the close of business on the Exercise Date as determined in accordance with Section 3(a)date of such exercise.

Appears in 1 contract

Sources: Stock Purchase Warrant (Lumenon Innovative Lightwave Technology Inc)

No Rights as Shareholder Until Exercise. This Warrant does not entitle the Holder to any voting rights or other rights as a shareholder of the Company prior to the exercise hereofthereof. Upon the delivery of the Exercise Notice, the surrender of this WarrantWarrant along with a Notice of Exercise, and the payment of the aggregate Exercise Price to the Company(if applicable), the Warrant Shares so purchased shall be and be deemed to be issued to such Holder holder as the record owner of such shares as of the close of business on the Exercise Date as determined in accordance with Section 3(a)later of the date of such surrender or payment.

Appears in 1 contract

Sources: Warrant Agreement (Latin American Casinos Inc)