Common use of Registration Requirement Clause in Contracts

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants (including any Private Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is effective under the Act and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Warrant.

Appears in 8 contracts

Samples: Warrant Agreement (HCM Acquisition CO), Warrant Agreement (GHL Acquisition Corp.), Warrant Agreement (GHL Acquisition Corp.)

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Registration Requirement. Notwithstanding anything else in this Section 6, no Public Warrants (including any Private Warrants) may be exercised by the holder paying the Exercise Price in cash unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Placement Warrant) is effective under the Securities Act of 1933, as amended (the “Act”) and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its best all commercially reasonable efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is has not effective under the Actbeen exercised, all the rights of holders the holder hereunder shall terminate and all of the Warrants such Warrant shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the ordinary share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the The Company be is not required to issue unregistered shares upon the exercise of any Warrant Warrant; provided, however, that the Company shall issue unregistered shares upon the exercise of any Placement Warrant, if, at the time of such exercise, there is not an effective registration statement or current prospectus covering the Warrant Shares underlying such Placement Warrant. In no event will the registered holder of the Warrant be entitled to receive a Private Warrantnet-cash settlement, securities or other consideration in lieu of physical settlement in shares of common stock, regardless of whether the common stock underlying the Warrants is registered pursuant to an effective registration statement.

Appears in 5 contracts

Samples: Warrant Agreement (CIS Acquisition Ltd.), Warrant Agreement (CIS Acquisition Ltd.), Warrant Agreement (CIS Acquisition Ltd.)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants (including any Private Warrants) Warrant may be exercised unless at the time of exercise (iA) a registration statement covering the Warrant Shares to be issued upon exercise (other than Public Warrant Shares to be issued upon exercise of any Private Warrant) the Warrants is effective under the Securities Act and (iiB) a prospectus thereunder relating to the Public Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its best efforts to have a registration statement in effect covering Public Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Public Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is not effective under the Securities Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result result, purchasers of the Units will have paid the full Unit purchase price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Public Warrant that is not or settle Warrants on a Private Warrantnet cash basis.

Appears in 4 contracts

Samples: Warrant Agreement (Capstar Acquisition Corp.), Warrant Agreement (National Energy Resources Acquisition CO), Warrant Agreement (National Energy Resources Acquisition CO)

Registration Requirement. Notwithstanding anything else in this Section 6, no Public Warrants (including any Private Warrants) may be exercised by the holder paying the Exercise Price in cash unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Placement Warrant) is effective under the Securities Act of 1933, as amended (the “Act”) and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its commercially reasonable best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is has not effective under the Actbeen exercised, all the rights of holders the holder hereunder shall terminate and all of the Warrants such Warrant shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock common stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the The Company be is not required to issue unregistered shares upon the exercise of any Warrant Warrant; provided, however, that the Company shall issue unregistered shares upon the exercise of any Placement Warrant, if, at the time of such exercise, there is not an effective registration statement or current prospectus covering the Warrant Shares underlying such Placement Warrant. In no event will the registered holder of the Warrant be entitled to receive a Private Warrantnet-cash settlement, securities or other consideration in lieu of physical settlement in shares of common stock, regardless of whether the common stock underlying the Warrants is registered pursuant to an effective registration statement.

Appears in 3 contracts

Samples: Warrant Agreement (Selway Capital Acquisition Corp.), Warrant Agreement (Selway Capital Acquisition Corp.), Warrant Agreement (Selway Capital Acquisition Corp.)

Registration Requirement. Notwithstanding anything else in this Section 6, no Public Warrants (including any Private Warrants) may be exercised by the holder paying the Exercise Price in cash unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Placement Warrant) is effective under the Securities Act of 1933, as amended (the “Act”) and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its commercially reasonable best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is has not effective under the Actbeen exercised, all the rights of holders the holder hereunder shall terminate and all of the Warrants such Warrant shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock common stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the The Company be is not required to issue unregistered shares upon the exercise of any Warrant Warrant; provided, however , that the Company shall issue unregistered shares upon the exercise of any Placement Warrant, if, at the time of such exercise, there is not an effective registration statement or current prospectus covering the Warrant Shares underlying such Placement Warrant. In no event will the registered holder of the Warrant be entitled to receive a Private Warrantnet-cash settlement, securities or other consideration in lieu of physical settlement in shares of common stock, regardless of whether the common stock underlying the Warrants is registered pursuant to an effective registration statement.

Appears in 3 contracts

Samples: Warrant Agreement (Selway Capital Acquisition Corp.), Warrant Agreement (Selway Capital Acquisition Corp.), Warrant Agreement (Selway Capital Acquisition Corp.)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants Warrant (including any Private WarrantsFounder’s Warrant) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Founder’s Warrant) is effective under the Act and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Founder’s Warrant) is current. The , and the Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Founder’s Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Founder’s Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit purchase price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis during the Warrant Exercise Period nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Founder’s Warrant.

Appears in 2 contracts

Samples: Warrant Agreement (GSC Acquisition Co), Warrant Agreement (GSC Acquisition Co)

Registration Requirement. Notwithstanding anything else in this Section 6Warrant Agreement, no Warrants (including any Private Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares shares of Common Stock to be issued upon exercise (other than Warrant Shares shares of Common Stock to be issued upon exercise of any Private Warrant) is effective under the Act and (ii) a prospectus thereunder relating to the Warrant Shares shares of Common Stock (other than Warrant Shares shares of Common Stock to be issued upon exercise of any Private Warrant) is current. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares the shares of Common Stock issuable upon exercise of the Warrants (other than Warrant Shares shares of Common Stock to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until shares of Common Stock to be issued upon exercise of the Warrants (other than shares of Common Stock to be issued upon exercise of any Private Warrant) until such warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares shares of Common Stock to be issued upon exercise of the Warrants (other than Warrant Shares shares of Common Stock to be issued upon exercise of any Private Warrant) is not effective under the Act, the Exercise Period shall be extended until a registration statement covering the shares of Common Stock to be issued upon exercise of the Warrants (other than shares of Common Stock to be issued upon exercise of any Private Warrant) is effective under the Act and 30 days’ notice of such effectiveness has been provided to the Registered Holders of any then-outstanding Warrants. Upon such 30 days’ written notice of such effectiveness to the Registered Holders of any then-outstanding Warrants, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Warrant. This Section 7(d) shall not work to shorten the Exercise Period of the Warrants.

Appears in 2 contracts

Samples: Warrant Agreement (ProUroCare Medical Inc.), Warrant Agreement (ProUroCare Medical Inc.)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants (including any Private the Sponsors’ Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrantof the Sponsors’ Warrants) is effective under the Act and Act, (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrantof the Sponsors’ Warrants) is currentcurrent and available and (iii) such securities are qualified for sale or exempt from qualification under the applicable securities laws of the state or other jurisdiction in which the registered holder resides. In no event, however, may the Sponsors’ Warrants be exercised if a registration statement covering the Warrant Shares to be issued upon exercise of the Public Warrants is not effective or a prospectus relating thereto is not current and available. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrantof the Sponsors’ Warrants) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrantof the Sponsors’ Warrants) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock Ordinary Share included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Sponsors’ Warrant.

Appears in 2 contracts

Samples: Warrant Agreement (North Asia Investment CORP), Warrant Agreement (North Asia Investment CORP)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants (including any Private Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is effective under the Act and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock included in each Unitexpire. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Warrant.

Appears in 1 contract

Samples: Warrant Agreement (FinTech Acquisition Corp.)

Registration Requirement. Notwithstanding anything else in this Section 6, no Public Warrants (including any Private Warrants) may be exercised by the holder paying the Exercise Price in cash unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Placement Warrant or Founders’ Warrant) is effective under the Securities Act of 1933, as amended (the “Act”) and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its best all commercially reasonable efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is has not effective under the Actbeen exercised, all the rights of holders the holder hereunder shall terminate and all of the Warrants such Warrant shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the ordinary share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the The Company be is not required to issue unregistered shares upon the exercise of any Warrant; provided, however, that the Company shall issue unregistered shares upon the exercise of any Placement Warrant that or Founders’ Warrant, if, at the time of such exercise, there is not an effective registration statement or current prospectus covering the Warrant Shares underlying such Placement Warrant or Founders’ Warrant. In no event will the registered holder of the Warrant be entitled to receive a Private Warrantnet-cash settlement, securities or other consideration in lieu of physical settlement in shares of common stock, regardless of whether the common stock underlying the Warrants is registered pursuant to an effective registration statement.

Appears in 1 contract

Samples: Warrant Agreement (Chardan Metropol Acquisition Corp.)

Registration Requirement. Notwithstanding anything else in this Section 6, no Public Warrants (including any Private Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is effective under the Securities Act of 1933, as amended (the “ Act ”) and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its commercially reasonable best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is has not effective under the Actbeen exercised, all the rights of holders the holder hereunder shall terminate and all of the Warrants such Warrant shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the The Company be is not required to issue unregistered shares upon the exercise of any Warrant; provided , however , that the Company shall issue unregistered shares upon the exercise of any Private Warrant that or Founders’ Warrant, if, at the time of such exercise, there is not a an effective registration statement or current prospectus covering the Warrant Shares underlying such Private Warrant. In no event will the registered holder of the Warrant be entitled to receive a net-cash settlement, securities or other consideration in lieu of physical settlement in shares of Common Stock, regardless of whether the Common Stock underlying the Warrants is registered pursuant to an effective registration statement.

Appears in 1 contract

Samples: Warrant Agreement (Prime Acquisition Corp)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants (including any Private Warrants) Warrant may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is effective under the Act and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit purchase price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Sponsors’ Warrant. In the event that the Sponsors’ Warrants are exercised at a time when the Public Warrants cannot be exercised pursuant to this paragraph (d), any Warrant Shares received upon exercise may only be transferred to Permitted Transferees who agree in writing to be bound by similar restrictions on transfer until such time as the Public Warrants may be exercised pursuant to this paragraph (d).

Appears in 1 contract

Samples: Warrant Agreement (Alternative Asset Management Acquisition Corp.)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants (including any Private Warrants) Warrant may be exercised unless at the time of exercise (iA) a registration statement covering the Warrant Shares to be issued upon exercise (other than Public Warrant Shares to be issued upon exercise of any Private Warrant) the Public Warrants is effective under the Securities Act and (iiB) a prospectus thereunder relating to the Public Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current; provided that such requirement shall no longer apply to the Founders’ Warrants and the Sponsors’ Warrants in the event that the Public Warrants have been redeemed by the Company. The Company shall use its best efforts to have a registration statement in effect covering Public Warrant Shares issuable upon exercise of the Public Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Public Warrants become exercisable and to maintain a current prospectus relating to those Public Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Public Warrant Shares to be issued upon exercise of any Private Warrant) the Public Warrants is not effective under the Securities Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result result, purchasers of the Public Units and the Founders’ Units will have paid the full Unit purchase price solely for the share of Common Stock included in each such Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Public Warrant that is not or settle Warrants on a Private Warrantnet cash basis.

Appears in 1 contract

Samples: Warrant Agreement (BPW Acquisition Corp.)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants (including any Private the Sponsor’s Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrantof the Sponsor’s Warrants) is effective under the Act and Act, (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is currentcurrent and available and (iii) such securities are qualified for sale or exempt from qualification under the applicable securities laws of the state or other jurisdiction in which the registered holder resides. In no event, however, may the Sponsor’s Warrants be exercised if a registration statement covering the Warrant Shares to be issued upon exercise of the Public Warrants is not effective or a prospectus relating thereto is not current and available. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrantof the Sponsor’s Warrants) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrantof the Sponsor’s Warrants) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock Ordinary Share included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Sponsor’s Warrant.

Appears in 1 contract

Samples: Warrant Agreement (North Asia Investment CORP)

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Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants (including any Private Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is effective under the Securities Act of 1933, as amended (the “Act”), and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Warrant.

Appears in 1 contract

Samples: Warrant Agreement (Lambert's Cove Acquisition CORP)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrant other than the Sponsors’ Warrants (including any Private Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Sponsors’ Warrant) is effective under the Act and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Sponsors’ Warrant) is current. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Sponsors’ Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Sponsors’ Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit purchase price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Sponsors’ Warrant. In the event that the Sponsors’ Warrants are exercised at a time when the Public Warrants cannot be exercised pursuant to this paragraph (d), any Warrant Shares received upon exercise may only be transferred to Permitted Transferees who agree in writing to be bound by similar restrictions on transfer until such time as the Public Warrants may be exercised pursuant to this paragraph (d).

Appears in 1 contract

Samples: Warrant Agreement (Hanover-STC Acquisition Corp.)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants (including any Private Insider Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Insider Warrant) is effective under the Securities Act of 1933, as amended (the "Act"), and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Insider Warrant) is current. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Insider Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Insider Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Insider Warrant.

Appears in 1 contract

Samples: Warrant Agreement (Wattles Acquisition Corp)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants (including any Private Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is effective under the Securities Act of 1933, as amended (the “Act”), and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock Ordinary Share included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Warrant.

Appears in 1 contract

Samples: Warrant Agreement (ASM Acquisition CO LTD)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants Warrant (including any Private WarrantsFounder’s Warrant) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Founder’s Warrant) is effective under the Act and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Founder’s Warrant) is current. The , and the Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Founder’s Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Founder’s Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis during the Warrant Exercise Period nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Founder’s Warrant.

Appears in 1 contract

Samples: Warrant Agreement (GSC Acquisition Co)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants (including any Private Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is effective under the Act and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current; provided that such requirement shall no longer apply to the exercise of the Private Warrants in the event that the Public Warrants have been redeemed by the Company. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Warrant.

Appears in 1 contract

Samples: Warrant Agreement (HCM Acquisition CO)

Registration Requirement. Notwithstanding anything else in this Section 6, no Public Warrants (including any Private Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is effective under the Securities Act of 1933, as amended (the “Act”) and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its commercially reasonable best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the The Company be is not required to issue unregistered shares upon the exercise of any Warrant; provided, however, that the Company shall issue unregistered shares upon the exercise of any Private Warrant that or Founders’ Warrant, if, at the time of such exercise, there is not a an effective registration statement or current prospectus covering the Warrant Shares underlying such Private Warrant. In no event will the registered holder of the Warrant be entitled to receive a net-cash settlement, securities or other consideration in lieu of physical settlement in shares of Common Stock, regardless of whether the Common Stock underlying the Warrants is registered pursuant to an effective registration statement.

Appears in 1 contract

Samples: Warrant Agreement (Prime Acquisition Corp)

Registration Requirement. Notwithstanding anything else in this Section 6, no Warrants (including any Private Warrants) Warrant other than a Founders’ Warrant held by a Permitted Transferee may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than of such Warrant Shares to be issued upon exercise of any Private Warrant) is effective under the Act and (ii) a prospectus thereunder relating to the such Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock included in each Unit. In no event shall the any Warrants be settled on a net cash basis during the Warrant Exercise Period nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not other than a Private WarrantFounders’ Warrant held by a Permitted Transferee.

Appears in 1 contract

Samples: Warrant Agreement (NTR Acquisition Co.)

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