Common use of Delivery of Stock Certificates on Exercise Clause in Contracts

Delivery of Stock Certificates on Exercise. As soon as practicable after the exercise of this Warrant and payment of the Purchase Price, and in any event within ten (10) days thereafter, the Company, at its expense, will cause to be issued in the name of and delivered to the Holder a certificate or certificates for the number of fully paid and non-assessable shares or other securities or property to which the Holder shall be entitled upon such exercise, plus, in lieu of any fractional share to which the Holder would otherwise be entitled, cash in an amount determined in accordance with Paragraph 3.8 hereof. The Company agrees that the shares so purchased shall be deemed to be issued to the Holder as the record owner of such shares as of the close of business on the date on which this Warrant shall have been surrendered and payment made for such shares as aforesaid.

Appears in 4 contracts

Samples: Wellman Inc, Wellman Inc, Wellman Inc

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Delivery of Stock Certificates on Exercise. As soon as practicable after the any exercise of this Principal Warrant and payment receipt of the Purchase PriceExercise Payment, and in any event within ten (10) business days thereafter, the Company, at its expense, will cause to be issued in the name of and delivered to the Holder a certificate or certificates for the number of fully paid and non-assessable shares or other securities of Common Stock or property to which the Holder such holder shall be entitled upon such exercise, plus, in lieu of any fractional share to which the Holder such holder would otherwise be entitled, cash in an amount determined in accordance with Paragraph 3.8 Section 3.5 hereof. The Company agrees that the shares so purchased shall be deemed to be issued to the Holder holder hereof as the record owner of such shares as of the close of business on the date on which this Warrant the Exercise Notice shall have been surrendered delivered and payment made for such shares as aforesaid.

Appears in 2 contracts

Samples: Coventry Corp, Principal Mutual Life Insurance Co

Delivery of Stock Certificates on Exercise. As soon as practicable after the exercise of this Warrant and payment of the Purchase Price, and in any event within ten (10) days thereafter, the Company, at its expense, will cause to be issued in the name of and delivered to the Holder holder hereof a certificate or certificates for the number of fully paid and non-assessable shares or other securities or property to which the Holder such holder shall be entitled upon such exercise, plus, in lieu of any fractional share to which the Holder such holder would otherwise be entitled, cash in an amount determined in accordance with Paragraph 3.8 subsection 3.5 hereof. The Company agrees that the shares so purchased shall be deemed to be issued to the Holder holder hereof as the record owner of such shares as of the close of business on the date on which this Warrant shall have been surrendered and payment made for such shares as aforesaid.

Appears in 2 contracts

Samples: Traffic.com, Inc., Traffic.com, Inc.

Delivery of Stock Certificates on Exercise. As soon as practicable after the exercise of this Warrant and payment of the Purchase Price, and in any event within ten (10) days thereafter, the Company, at its expense, will cause to be issued in the name of and delivered to the Holder holder hereof a certificate or certificates for the number of fully paid and non-assessable shares or other securities or property to which the Holder such holder shall be entitled upon such exercise, plus, in lieu of any fractional share to which the Holder such holder would otherwise be entitled, cash in an amount determined in accordance with Paragraph 3.8 Section 1.2 hereof. The Company agrees that the shares so purchased shall be deemed to be issued to the Holder holder hereof as the record owner of such shares as of the close of business on the date on which this Warrant shall have been surrendered and payment made for such shares as aforesaid.

Appears in 2 contracts

Samples: Warrant And (Bentley Systems Inc), Bentley Systems Inc

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Delivery of Stock Certificates on Exercise. As soon as practicable after the exercise of this Warrant and payment of the Purchase Price, and in any event within ten (10) days thereafter, the Company, at its expense, will cause to be issued in the name of and delivered to the Holder a certificate or certificates for the number of fully paid and non-assessable shares or other securities or property to which the Holder shall be entitled upon such exercise, plus, in lieu of any fractional share to which the Holder would otherwise be entitled, cash in an amount determined in accordance with Paragraph 3.8 Section 4.5 hereof. The Company agrees that the shares so purchased shall be deemed to be issued to the Holder as the record owner of such shares as of the close of business on the date on which this Warrant shall have been surrendered and payment made for such shares as aforesaid.

Appears in 1 contract

Samples: Pharmion Corp

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