Common use of Transfer and Exchange of Global Warrants Clause in Contracts

Transfer and Exchange of Global Warrants. (a) The transfer and exchange of Global Warrants or beneficial interests therein shall be effected through the Depository, in accordance with this Agreement (including applicable restrictions on transfer set forth herein, if any) and the procedures of the Depository therefor. A transferor of a beneficial interest in a Global Warrant shall deliver to the Warrant Agent a written order containing a certification that such transfer is permitted under this Agreement and given in accordance with the Depositary's procedures containing information regarding the participant account of the Depositary to be credited with a beneficial interest in the Global Warrant. The Warrant Agent shall, in accordance with such instructions instruct the Depositary to credit to the account of the Person specified in such instructions a beneficial interest in the Global Warrant and to debit the account of the Person making the transfer the beneficial interest in the Global Warrant being transferred. (b) Notwithstanding any other provisions of this Agreement (other than the provisions set forth in Section 2.05), the Global Warrant may not be transferred as a whole except by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or a nominee of such successor Depository.

Appears in 1 contract

Sources: Warrant Agreement (Millenium Seacarriers Inc)

Transfer and Exchange of Global Warrants. (aA) The transfer and exchange of the beneficial interests in Global Warrants or beneficial interests therein shall be effected through the Depository, in accordance with this Agreement (including applicable restrictions on transfer set forth hereinin this Agreement), if any) and the procedures of the Depository therefortherefor and Applicable Law. A transferor of a beneficial interest in a Global Warrant shall deliver to the Warrant Agent a written order containing a certification that such transfer is permitted under this Agreement and given in accordance with the Depositary's Depository’s procedures containing information regarding the participant account of the Depositary Depository to be credited with a beneficial interest in the Global Warrant. The Warrant Agent shall, in accordance with such instructions instruct the Depositary to credit to the account of the Person specified in such instructions a beneficial interest in the Global Warrant and to debit the account of the Person making the transfer the beneficial interest in the Global Warrant being transferredWarrants. (bB) Notwithstanding any other provisions of this Agreement (other than the provisions set forth in Section 2.05), the a beneficial interest in a Global Warrant may not be transferred as a whole except by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or a another nominee of such successor Depository. (C) In the event that a Global Warrant is exchanged and transferred for Certificated Warrants pursuant to Section 2.05, such Warrants may be exchanged only in accordance with such procedures as are substantially consistent with the provisions of this

Appears in 1 contract

Sources: Warrant Agreement (Nuverra Environmental Solutions, Inc.)