Cancellation of the Warrants. In the event the Company shall purchase a Warrant, or otherwise acquire any of the Warrants, the particular Warrant shall be canceled and retired.
Cancellation of the Warrants. (a) The parties hereby agree that the Warrant Agreement shall be terminated and the Warrants shall be canceled effective as of the date on which the Guaranty, made as of May 31, 1995, by WMX in favor of the Banks listed therein (the "Guaranty"), terminates in accordance with Section 10(a) thereof (such date, the "Common Termination Date"), without the payment of any separate consideration therefor. The parties hereby agree to use their reasonable best efforts to cause the events specified in Section 10(a) of the Guaranty to occur prior to the second business day subsequent to the Effective Time.
Cancellation of the Warrants. Any Warrants outstanding as of the Expiration Time shall be automatically cancelled without any further action on the part of the Warrant Agent or any other Person.
Cancellation of the Warrants. In exchange for cancellation of the Lender’s Warrants issued to the Lender pursuant to the Subscription Agreement, upon any closing of the Bridge Financing, the Lender shall receive the number of common shares of the Company equal to (i) the aggregate amount of the Principal then outstanding under the Lender’s Convertible Debentures divided by (ii) $0.01577. The Lender shall surrender its Warrant Certificate, duly endorsed (or a notice to the effect that the original Warrant Certificate has been lost, stolen or destroyed and an agreement acceptable to the Company whereby the holder agrees to indemnify the Company from any loss incurred by it in connection with the Warrant Certificate), at the office of the Company. The Company shall, as soon as practicable thereafter, issue and deliver to the Lender a certificate or agreement representing the number of common shares issuable upon cancellation of the Lender’s Warrants pursuant to this Agreement (bearing such legends as are required by applicable state and federal securities laws in the opinion of counsel to the Company).The cancellation of the Lender’s Warrants pursuant to this Agreement shall be deemed to have been made at the closing of the Bridge Financing and on and after such date the Lender entitled to receive the securities issuable upon exercise of the Warrants shall be treated for all purposes as the record holder of such securities and the Lender’s Warrants, and all obligations of the Company thereunder, shall be deemed to have been indefeasibly satisfied in full.
Cancellation of the Warrants. Any Warrant Certificate shall be promptly cancelled by the Warrant Agent upon the earlier of (i) the mutilation of the Warrant Certificate as described in Section 5.02, or (ii) registration of Transfer or exercise of such Warrants and, except as provided in this Article 2 in case of a Transfer or Section 5.02 in case of mutilation, no Warrant Certificate shall be issued hereunder in lieu thereof.
Cancellation of the Warrants. The Note is hereby converted into the Shares. The Holder shall surrender the Note to the Company. The Note is and shall be deemed to have been indefeasibly satisfied in full.
Cancellation of the Warrants. By its signature below, effective immediately the undersigned Note holder hereby agrees that the Related Warrant is hereby forfeited and cancelled. The Note Holder agrees to forward to the Company a copy of the warrant instrument representing the Related Warrants with the word “CANCELLED” written across the first page of such warrant instrument. Alternatively, if such warrant instrument is not remitted to the Company the Note Holder agrees that the Company may take all action necessary to reflect the forfeiture and cancellation of such warrant instrument representing the Related Warrants.
Cancellation of the Warrants. In the event the Company shall purchase or otherwise acquire any Warrants, the same shall be canceled and retired.
Cancellation of the Warrants. Each of the Standby Purchasers hereby agrees and acknowledges that effective as of the First Closing and regardless of whether or when delivery of the Warrants is made to the Company or the Escrow Agent, effective as of the date of the First Closing, each Warrant shall be deemed to be cancelled automatically and without any further action by the Company or any other person and shall become null and void in all respects.
Cancellation of the Warrants. The Warrants are hereby canceled, null and void, and of no further effect. Simultaneously with the execution and delivery of this Agreement Piergentili shall deliver to the Company for cancellation the original certificate evidencing the Warrants.
