Warrant Exchange. On any Exchange Date, (i) the Warrants issued to the Purchaser at the Closing will be cancelled and, in exchange, the Company will re-issue the Old Warrants previously held by the Purchaser on the same terms and conditions as such Old Warrants were previously issued.
Appears in 2 contracts
Sources: Preferred Stock and Warrant Purchase Agreement (Bizness Online Com), Preferred Stock and Warrant Purchase Agreement (MCG Finance Corp)