Common use of No Rights as Shareholder Until Exercise Clause in Contracts

No Rights as Shareholder Until Exercise. This Warrant does not entitle the Holder to any voting rights or other rights as a shareholder of the Company prior to the exercise hereof. Upon the surrender of this Warrant, the delivery of the Notice of Exercise by facsimile copy, and the payment of the aggregate Exercise Price and the payment of all taxes required to be paid by the Holder prior to the issuance of the Warrant Shares pursuant to Section 5, if any, the Warrant Shares so purchased shall be and be deemed to be issued to such Holder as the record owner of such shares as of the close of business on the later of the date of such surrender, delivery or payment.

Appears in 38 contracts

Samples: Warrant (I2 Telecom International Inc), Warrant (I2 Telecom International Inc), Warrant (Lion Capital Holdings Inc)

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No Rights as Shareholder Until Exercise. This Warrant does not entitle the Holder to any voting rights or other rights as a shareholder of the Company prior to the exercise hereof. Upon the surrender of this Warrant, the delivery of the Notice of Exercise by facsimile copy, and the payment of the aggregate Exercise Price and the payment of all taxes required to be paid by the Holder prior to the issuance of the Warrant Shares pursuant to Section 53, if any, the Warrant Shares so purchased shall be and be deemed to be issued to such Holder as the record owner of such shares as of the close of business on the later of the date of such surrender, delivery or payment.

Appears in 3 contracts

Samples: Warrant (Geos Communications, Inc.), Warrant (Geos Communications, Inc.), Warrant (Geos Communications, Inc.)

No Rights as Shareholder Until Exercise. This Warrant does not entitle the Holder to any voting rights or other rights as a shareholder of the Company prior to the exercise hereof. Upon the surrender of this Warrant, the delivery of the Notice of Exercise by facsimile copyExercise, and the payment of the aggregate Exercise Price and the payment of all taxes required to be paid by the Holder prior to the issuance of the Warrant Shares pursuant to Section 5, if any, the Warrant Shares so purchased shall be be, and be deemed to be be, issued to such Holder as the record owner of such shares as of the close of business on the later of the date of such surrender, delivery or payment.

Appears in 2 contracts

Samples: Consulting Agreement (Petrosonic Energy, Inc.), Petrosonic Energy, Inc.

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No Rights as Shareholder Until Exercise. This Warrant does not entitle the Holder hereof to any voting rights or other rights as a shareholder Shareholder of the Company prior to the exercise hereof. Upon the surrender of this Warrant, the delivery of the Notice of Exercise by facsimile copy, Warrant and the payment of the aggregate Exercise Price Price, and the payment of all taxes required to be paid execution and delivery by the Holder prior of the duly executed counterpart signature pages to the issuance of the Warrant Shares pursuant to Section 5(i) Registration Rights Agreement, if any(ii) Stockholders Agreement and (iii) Common Stock Voting Agreement, the Warrant Shares so purchased shall be and be deemed to be issued to such the Holder as the record owner of such shares Shares as of the close of business on the later of the date of such surrender, delivery surrender or payment.

Appears in 1 contract

Samples: Registration Rights Agreement (ORBCOMM Inc.)

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