Common use of Issuance of New Warrants Clause in Contracts

Issuance of New Warrants. At the Closing, certain of the VCI shareholders shall issue to ▇▇▇▇▇▇ the New Warrants to purchase the New Warrant Shares pursuant to the Escrow and Warrant Agreement. It is understood that certificates representing the New Warrant Shares shall be issued at the Closing in the names of the VCI Shareholders, but shall be delivered to an escrow agent acceptable to the parties to be held pending exercise of the New Warrants by ▇▇▇▇▇▇ or the expiration of the Warrant Period. For such time as the New Warrant Shares are held in escrow, the VCI Shareholders shall be entitled to vote the New Warrant Shares. Upon expiration of the Warrant Period, the escrow agent will be authorized and instructed to deliver to the VCI Shareholders all New Warrant Shares to the extent that the New Warrants have not been exercised therefor. Any exercise by ▇▇▇▇▇▇ of the New Warrants shall be done on a ratable basis with respect to the New Warrant Shares with the exercise price(s) therefor to be paid to Reorganized Prism.

Issuance of New Warrants. At the Closing, certain of the VCI shareholders shall issue to Ingr▇▇▇▇ ▇▇▇ the New Warrants to purchase the New Warrant Shares pursuant to the Escrow and Warrant Agreement. It is understood that certificates representing the New Warrant Shares shall be issued at the Closing in the names of the VCI Shareholders, but shall be delivered to an escrow agent acceptable to the parties to be held pending exercise of the New Warrants by ▇▇▇▇Ingr▇▇ or ▇▇ the expiration of the Warrant Period. For such time as the New Warrant Shares are held in escrow, the VCI Shareholders shall be entitled to vote the New Warrant Shares. Upon expiration of the Warrant Period, the escrow agent will be authorized and instructed to deliver to the VCI Shareholders all New Warrant Shares to the extent that the New Warrants have not been exercised therefor. Any exercise by ▇▇▇▇Ingr▇▇ of ▇▇ the New Warrants shall be done on a ratable basis with respect to the New Warrant Shares with the exercise price(s) therefor to be paid to Reorganized Prism.

Issuance of New Warrants. At the Closing, certain of the VCI shareholders shall issue to ▇▇▇▇▇▇ Ingram the New Warrants to purchase the New Warrant Shares pursuant to the Escrow and Warrant Agreement. It is understood that certificates representing the New Warrant Shares shall be issued at the Closing in the names of the VCI Shareholders, but shall be delivered to an escrow agent acceptable to the parties to be held pending exercise of the New Warrants by ▇▇▇▇▇▇ Ingram or the expiration of the Warrant Period. For such time as the New Warrant Shares are held in escrow, the VCI Shareholders shall be entitled to vote the New Warrant Shares. Upon expiration of the Warrant Period, the escrow agent will be authorized and instructed to deliver to the VCI Shareholders all New Warrant Shares to the extent that the New Warrants have not been exercised therefor. Any exercise by ▇▇▇▇▇▇ Ingram of the New Warrants shall be done on a ratable basis with respect to the New Warrant Shares with the exercise price(s) therefor to be paid to Reorganized Prism.