Cancellation and Issuance. If any Lender assigns or otherwise transfers all or any of its Loan (including by selling participations therein) to any Person, such Lender may request (upon 10 days' prior notice to the Parent) that (a) a number of Conversion Warrants held by such Lender be canceled on the date of such assignment and transfer and (b) a like number of Conversion Warrants be issued by the Parent to the Person to whom such Loan is being assigned or otherwise transferred. Upon the date specified in such request:
Cancellation and Issuance. 1.2.1 Upon execution of this Agreement by the Parties,
Cancellation and Issuance. Each Warrantholder acknowledges and agrees that except in accordance with all applicable securities laws, such Warrantholder may not sell, convey, transfer, pledge, hypothecate or otherwise dispose of any Warrants. If a Warrantholder assigns or otherwise transfers all or any of its Loans (including by selling participations therein) to any Person, such Warrantholder may request (upon three Business Days’ prior notice to the Parent) that (a) a number of Warrants held by such Warrantholder be canceled on the date of such assignment and transferred and (b) a like number of Warrants be issued by the Parent to the Person to whom such Loans are being assigned or otherwise transferred. If the Parent receives such a request for a transfer, then upon the date specified in such request: 107
Cancellation and Issuance. If Foothill assigns or otherwise transfers all or any of its interests in the Advances (including by selling participations therein) to any Person, Foothill may request (upon 10 days' prior notice to Borrower) that (a) a number of Warrants held by Foothill be canceled on the date of such assignment and transfer and (b) a like number of Warrants be issued by Borrower to the Person to whom such interests in the Advances are being assigned or otherwise transferred. Upon the date specified in such request:
Cancellation and Issuance. The Committee may, as it's sole discretion, subject to the provision of the Plan, cancel outstanding Option and issue replacement Options under the Plan under terms and at exercise prices it deems beneficial to the Company and the Optionees, to further the purposes of the Plan. Notwithstanding this paragraph 10, no Option may be canceled, or otherwise amended or modified, without the written consent of the Optionee. THE HARTCOURT COMPANIES. INC. STOCK OPTION AGREEMENT UNDER 1995 INCENTIVE STOCK OPTION PLAN --------------------- Date: _, 199_ The Hartcourt Companies, Inc., a Utah corporation (the "Company"), hereby grants to ***** (the "optionee"), pursuant to the 1995 Incentive Stock Option Plan of the Company (the "Plan"), a copy of which is appended hereto and made a part hereof as Schedule I, an option to purchase a total of (______ shares of Common Stock of the Company at a price of *****DOLLARS ($***) per share (subject to adjustment as provided in Section 6(i) of the Plan), on the terms and conditions set forth in the Plan and hereinafter. This option shall not be exercisable later than on _______, 200___ (hereinafter referred to as the "Expiration Date"), except as otherwise provided in paragraphs 6(e) and 6(f) of the Plan in the event of termination of employment, death or disability of the Optionee.
Cancellation and Issuance. Each Investor hereby directs the Company to cancel the share certificates representing those shares of Series A Stock held by such Investor immediately following the Effective Date. Immediately following receipt by the Company of items set forth in Section 3.04(a), the Company shall issue to such Investor certificates representing that number of shares of Series A-1 Stock as such Investor shall receive pursuant to Section 3.01 above. Such share certificates shall bear the legend set forth in Section 8.4 of the Securities Purchase Agreement.
Cancellation and Issuance. Immediately following receipt by the Company and Birks of the items set forth in Section 3.03, and upon notation in the Company's stock ledger that the Series A Stock is cancelled and the Series A-1 Stock is issued, the stock certificate representing the Series A Stock shall be deemed to represent and evidence the number of shares of the Series A-1 Stock as Birks shall receive pursuant to Section 3.01 above until such time that the Company issues a new stock certificate representing the Series A-1 Stock, and delivers it to Birks in exchange for and upon surrender to the Company by Birks of the stock certificate formerly representing the 15,050 shares of Series A Stock cancelled on the Effective Date.
Cancellation and Issuance. If any Holder or any of its Affiliates assigns or otherwise transfers all or any of its Warrants, such Holder may request (upon 10 days' prior notice to the Issuer) that (a) a number of Warrants held by such Holder be canceled on the date of such assignment and transfer and (b) a like number of Warrants be issued by the Issuer to the Person to whom such Warrants are being assigned or otherwise transferred. Upon the date specified in such request, the Issuer shall issue, and such Holder shall surrender for cancellation, such number of Warrants as aforesaid, PROVIDED that such issuance shall not violate the Securities Act or any applicable state securities laws.
Cancellation and Issuance. 40 ARTICLE X MISCELLANEOUS..........................................................................40 SECTION 10.01. [Intentionally Omitted]......................................................40 SECTION 10.02. Notices, Etc.................................................................40 SECTION 10.03.
Cancellation and Issuance. If BLUSA assigns or otherwise transfers all or any of its Loans (including by selling participations therein) to any Person, BLUSA may request (upon 10 days' prior notice to the Borrower) that (a) a number of Warrants held by BLUSA be canceled on the date of such assignment and transfer and (b) a like number of Warrants be issued by the Borrower to the Person to whom such Loans are being assigned or otherwise transferred. Upon the date specified in such request:
