Warrant Transferrable Clause Samples
The "Warrant Transferrable" clause allows the holder of a warrant to transfer their rights under the warrant to another party. In practice, this means that the original warrant holder can sell, assign, or otherwise convey the warrant to someone else, subject to any conditions or procedures specified in the agreement, such as providing notice to the issuer or obtaining consent. This clause provides flexibility and liquidity to warrant holders, enabling them to realize value from the warrant even if they do not wish to exercise it themselves.
Warrant Transferrable. Subject to Sections 5.3, 5.4 and 5.5 of the Stock Purchase Agreement and the Securities Act restrictions referred to in Section 3.1 of this Warrant, this Warrant and all rights hereunder are transferable, in whole or in part, on the books of the Company to be maintained for such purpose, upon surrender of this Warrant at the office of the Company maintained for such purpose pursuant to Section 10.1 hereof, together with a written assignment of this Warrant duly executed by the holder hereof or its agent or attorney and payment of funds sufficient to pay any stock transfer taxes payable upon the making of such transfer. Upon such surrender and payment the Company shall, execute and deliver a new Warrant or Warrants in the name of the assignee or assignees and in the denominations specified in such instrument of assignment, and this Warrant shall promptly be canceled.