Warrant Agent Not to be Appointed Receiver Clause Samples

The 'Warrant Agent Not to be Appointed Receiver' clause establishes that the warrant agent cannot be designated as a receiver in the event of a default or insolvency situation involving the issuer. In practice, this means that if the company faces financial distress, the warrant agent’s role is limited to administering the warrants and does not extend to managing or taking control of the company’s assets. This clause ensures a clear separation of duties, preventing conflicts of interest and maintaining the warrant agent’s impartiality, while also protecting the issuer from having a party with a financial stake in the warrants assume control over its operations.
Warrant Agent Not to be Appointed Receiver. The Warrant Agent and any person related to the Warrant Agent shall not be appointed a receiver, a receiver and manager or liquidator of all or any part of the assets or undertaking of the Corporation.
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Related to Warrant Agent Not to be Appointed Receiver

  • Appointment of Warrant Agent The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement.