Common use of Disposition of Proceeds on Exercise of Warrants Clause in Contracts

Disposition of Proceeds on Exercise of Warrants. (i) The Warrant Agent shall promptly forward to the Company all monies received by the Warrant Agent for the purchase of shares of Common Stock through the exercise of such Warrants; provided, however, that the Warrant Agent may retain an amount equal to the Exercise Fee, if any, until the Company has satisfied its obligations under Section 5(c)(ii).

Appears in 5 contracts

Samples: Warrant Agent Agreement (Marine Management Systems Inc), Warrant Agent Agreement (On Stage Entertainment Inc), Warrant Agent Agreement (Frontline Communication Corp)

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Disposition of Proceeds on Exercise of Warrants. (i) The Warrant Agent shall promptly forward to the Company all monies received by the Warrant Agent for the purchase of shares of Common Stock through the exercise of such Warrants; provided, however, that the Warrant Agent may retain an amount equal to the Exercise Fee, if any, until the Company has satisfied its obligations under Section 5(c)(ii5(c)(2).

Appears in 2 contracts

Samples: Warrant Agreement (Delcath Systems Inc), Warrant Agreement (Recovery Network Inc)

Disposition of Proceeds on Exercise of Warrants. (i) The Warrant Agent shall promptly forward to the Company all monies received by the Warrant Agent for the purchase of shares of Common Stock through the exercise of such Warrants; provided, however, that the Warrant Agent may retain an amount equal to the Exercise Fee, if any, until the Company has satisfied its obligations under Section 5(c)(ii5(c)(i).

Appears in 2 contracts

Samples: Warrant Agreement (Tuscany Inc), Warrant Agreement (Tuscany Inc)

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Disposition of Proceeds on Exercise of Warrants. (i) The Warrant Agent shall promptly forward to the Company all monies received by the Warrant Agent for the purchase of shares of Common Stock through the exercise of such Warrants; provided, however, that the Warrant Agent may retain an amount equal to the Exercise Fee, if any, until the Company has satisfied its obligations under Section 5(c)(ii). (ii) The Warrant Agent shall keep copies of this Agreement available for inspection by holders of Warrants during normal business hours. Section 13.

Appears in 1 contract

Samples: Warrant Agent Agreement (American Card Technology Inc)

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