Common use of Certificates for Warrant Clause in Contracts

Certificates for Warrant. Shares purchased upon exercise of this Warrant shall be delivered by the Company to the Purchaser within five days after the date of the Exercise Time together with any cash payable in lieu of a fraction of a share pursuant to the provisions of Section 13 hereof; provided, that in the event that (i) the approval of the Company's shareholders described in Section 5.07 of the Purchase Agreement has not been obtained, or (ii) the applicable waiting period under the Xxxx-Xxxxx-Xxxxxx Improvements Act of 1976, as amended, as described in Section 7.02 of the Purchase Agreement has not expired, the Company shall not issue such Warrant Shares until such approval has been obtained and such waiting period has expired. Unless this Warrant has expired or all of the purchase rights represented hereby have been exercised, the Company shall prepare a new Warrant, substantially identical hereto, representing the rights formerly represented by this Warrant which have not expired or been exercised and shall, within such five-day period, deliver such new Warrant to the Person designated for delivery in the Exercise Agreement.

Appears in 2 contracts

Samples: United Shipping & Technology Inc, United Shipping & Technology Inc

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Certificates for Warrant. Shares purchased upon exercise of this Warrant shall be delivered by the Company to the Purchaser within five days after the date of the Exercise Time together with any cash payable in lieu of a fraction of a share pursuant to the provisions of Section 13 14 hereof; provided, that in the event that (i) the approval of the Company's shareholders described in Section 5.07 of the Purchase Agreement has not been obtained, or (ii) the applicable waiting period under the Xxxx-Xxxxx-Xxxxxx Improvements Act of 1976, as amended, as described in Section 7.02 of the Purchase Agreement has not expired, the Company shall not issue such Warrant Shares until such approval has been obtained and such waiting period has expired. Unless this Warrant has expired or all of the purchase rights represented hereby have been exercised, the Company shall prepare a new Warrant, substantially identical hereto, representing the rights formerly represented by this Warrant which have not expired or been exercised and shall, within such five-day period, deliver such new Warrant to the Person designated for delivery in the Exercise Agreement.

Appears in 2 contracts

Samples: United Shipping & Technology Inc, United Shipping & Technology Inc

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Certificates for Warrant. Shares purchased upon exercise of this Warrant shall be delivered by the Company to the Purchaser within five days after the date of the Exercise Time together with any cash payable in lieu of a fraction of a share pursuant to the provisions of Section 13 12 hereof; provided, that in the event that (i) the approval of the Company's shareholders described in Section 5.07 of the Purchase Agreement has not been obtained, or (ii) the applicable waiting period under the Xxxx-Xxxxx-Xxxxxx Improvements Act of 1976, as amended, as described in Section 7.02 of the Purchase Agreement has not expired, the Company shall not issue such Warrant Shares until such approval has been obtained and such waiting period has expired. Unless this Warrant has expired or all of the purchase rights represented hereby have been exercised, the Company shall prepare a new Warrant, substantially identical hereto, representing the rights formerly represented by this Warrant which have not expired or been exercised and shall, within such five-day period, deliver such new Warrant to the Person designated for delivery in the Exercise Agreement.

Appears in 2 contracts

Samples: United Shipping & Technology Inc, United Shipping & Technology Inc

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