Common use of Replacement Instruments Clause in Contracts

Replacement Instruments. As of the Closing, all outstanding instruments evidencing Warrants shall automatically be deemed to evidence Algoma Warrants reflecting the conversion and adjustment to the terms and conditions described herein and in Section 4.5 of the Warrant Agreement. Following the Closing, upon request by any holder of a Algoma Warrant, Algoma shall issue a new instrument for such Algoma Warrant to the holder thereof.

Appears in 4 contracts

Sources: Amendment Agreement (Algoma Steel Group Inc.), Amendment Agreement (Legato Merger Corp.), Amendment Agreement (Algoma Steel Group Inc.)