Detachability Clause Samples
The DETACHABILITY clause defines the conditions under which certain rights, obligations, or components of an agreement can be separated from the main contract. In practice, this clause might allow a party to transfer or assign a specific right, such as a security interest or a warranty, independently of the rest of the contract. For example, a lender may detach and sell a security interest to another party without affecting the underlying loan agreement. The core function of this clause is to provide flexibility and facilitate transactions by allowing parts of the contract to be independently managed or transferred, thereby addressing the need for modularity and adaptability in contractual relationships.
Detachability. Notwithstanding anything herein to the contrary, prior to the Separation Date the Warrants and Common Stock comprising the Units will not be separable and detachable.
Detachability. The Shares and Warrants are immediately separate.
Detachability. A Warrant may at any time after its issue be split up, combined, exchanged or transferred on the books of the Company in the manner provided in this Agreement.
Detachability. A Warrant Certificates are immediately detachable from a Share certificate contained in a Unit.
Detachability. The Common Stock and Warrants comprising the Units will be detachable immediately. A Warrant Certificate may be presented for exercise, sold, assigned, or otherwise conveyed on the books of the Warrant Agent either separate from (if the Common Stock and Warrants are then detachable) or together with a certificate representing shares of the Company's Common Stock.
Detachability. Each Warrant will become detachable from the ------------- share of Preferred Stock offered together with such Warrant as a Unit in the Offering upon the occurrence of a Conversion Event with respect to such share of Preferred Stock (the "Detachment Date"). Accordingly, the Detachment Date may be different for different Warrants, depending upon the date of the Conversion Event for the related Preferred Stock. As used herein, the term "Detachment Date" includes all such dates of detachment. In addition, the Detachment Date for the Warrants being issued to the Placement Agent shall be deemed to be their date of issuance.
Detachability. The Rights Agreement provides that, until the Distribution Date, the Rights will be transferred with and only with the Common Shares. Until the Distribution Date (or earlier redemption or expiration of the Rights), new Common Share certificates issued after the Record Date, upon transfer or new issuance of Common Shares, will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date (or earlier redemption or expiration of the Rights), the surrender for transfer of any certificates for Common Shares outstanding as of the Record Date, even without such notation or a copy of this Summary of Rights being attached thereto, will also constitute the transfer of the Rights associated with the Common Shares represented by such certificate. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights ("Right Certificates") will be mailed to holders of record of the Common Shares as of the close of business on the Distribution Date and such separate Right Certificates alone will evidence the Rights.
Detachability. The Warrants which are to be issued pursuant to the Proposed Revised Rights Issue with Warrants are immediately detachable upon allotment and issue of the Rights Shares. The Warrants will be traded separately.
Detachability. The Shares and Warrants are being separately sold.
Detachability. This Warrant may trade separately from the Common Stock comprising the Company's Units beginning on the 50th day after the effective date of the Registration Statement (the “Detachment Date”). Prior to the Detachment Date, this Warrant may be transferred or exchanged only together with the Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange of such Unit. Furthermore, each transfer of a Unit on the register relating to such Units shall operate also to transfer the Warrants included in such Unit. From and after the Detachment Date, this Section 4(a) will have no further force and effect.