Surrender of Warrant Sample Clauses
The Surrender of Warrant clause outlines the process by which the holder of a warrant can voluntarily return or relinquish the warrant to the issuer, typically in exchange for shares or other consideration. In practice, this clause specifies the conditions under which surrender is permitted, the method for notifying the issuer, and any required documentation or payment. Its core function is to provide a clear mechanism for concluding the warrant holder’s rights, thereby simplifying the issuer’s obligations and ensuring both parties understand how and when a warrant can be surrendered.
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Surrender of Warrant. Any assignment permitted hereunder shall be made by surrender of this Warrant to the Company at its principal office with the Assignment Form attached hereto as Exhibit B duly executed. In such event, the Company shall, without charge for any issuance or transfer tax or other cost incurred by the Company with respect to such transfer, execute and deliver a new Warrant in the name of the assignee named in such instrument of assignment, and this Warrant shall be promptly cancelled. This Warrant may be divided or combined with other Warrants which carry the same rights upon presentation thereof at the principal office of the Company, together with a written notice signed by the Holders thereof, specifying the name and denominations in which such new Warrants are to be issued.
Surrender of Warrant. The Warrant Holder shall surrender this Warrant to the Company when it delivers the Notice of Exercise, and in the event of a partial exercise of the Warrant, the Company shall execute and deliver to the Warrant Holder, at the time the Company delivers the Share certificate or certificates issued pursuant to such Notice of Exercise, a new Warrant for the unexercised portion of the Warrant, but in all other respects identical to this Warrant.
Surrender of Warrant. A Warrant surrendered for exercise or redemption shall, if surrendered to the Company shall be promptly canceled by the Company and shall not be reissued by the Company. The Company shall destroy such each canceled Warrant.
Surrender of Warrant. The Warrant Holder shall surrender this Warrant to the Company within five Business Days after it delivers the Notice of Exercise, and in the event of a partial exercise of the Warrant, the Company shall execute and deliver to the Warrant Holder, at the time the Company delivers the Share certificate or certificates issued pursuant to such Notice of Exercise, a new Warrant for the unexercised portion of the Warrant, but in all other respects identical to this Warrant.
Surrender of Warrant. The Warrantholder hereby surrenders to the Company the Warrant for cancellation by delivering to the Company herewith the Warrant (with stock power or otherwise) duly endorsed for transfer in blank, signatures medallion guaranteed. The Company hereby acknowledges receipt from the Warrantholder of the Warrantfor the sole purpose of terminating the Warrant.
Surrender of Warrant. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until this Warrant has been exercised in full. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise Form within three Trading Days (as defined below) of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof. Under no circumstances shall this Warrant be exercised for unvested Warrant Shares.
Surrender of Warrant. The Board of Directors of the Company may, in the event of an acquisition of substantially all of the Company’s assets or at least 65% of the combined voting power of the Company’s then outstanding securities in one or more transactions (including by way of merger or reorganization) which has been approved by the Company’s Board of Directors, require a Holder to relinquish this Warrant and all of its rights to the Company upon the tender by the Company to Holder of cash in an amount equal to the Value of the Warrant. The Holder of the Warrant agrees to surrender this Warrant and its rights on the tender of the Value, and no formal consent or agreement shall be required of the Holder to extinguish this Warrant upon payment of the Value. Holder has no right to reject the tender of the Value of the Warrant.
Surrender of Warrant. Expenses. ------------------------------
2.1 Whether in connection with the exercise, exchange, registration of transfer, replacement or put of this Warrant, surrender of this Warrant shall be made to the Company during normal business hours on a Business Day (unless the Company otherwise permits) at the executive offices of the Company located at 800 The Safeguard Building, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇, PA 19087, or to such other office or duly authorized representative of the Company as from time to time may be designated by the Company by written notice given to the Holder of this Warrant.
2.2 The Company shall pay all costs and expenses incurred in connection with the exercise, registering, exchange, transfer, replacement or put of this Warrant, including the costs of preparation, execution and delivery of warrants and stock certificates, and shall pay all taxes (other than any taxes measured by the income of any Person other than the Company) and other charges (subject to Section 1.2 hereof) imposed by law payable in connection with the transfer or replacement of this Warrant.
Surrender of Warrant. FOR VALUE RECEIVED, the undersigned does hereby cancel all rights to warrants to acquire 1,127,500 shares of BDIC’s common stock at an exercise price of $0.05 per share of BDIC common stock. These warrants are being cancelled pursuant to the terms of that certain Settlement Agreement and Mutual General Release by and between Auctus Fund, LLC, a Delaware limited liability company (“Auctus”) and Blow & Drive Interlock Corporation, a Delaware corporation (“BDIC”), dated May 18, 2020.
Surrender of Warrant. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation along with the delivery of the final Notice of Exercise to the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one (3) Trading Day of receipt of such notice.