Exchange Clause Example from Business Contracts

This example Exchange clause appears in 4 contracts from 1 company

Exchange. On the Closing Date (as defined below), subject to the terms and conditions of this Agreement, pursuant to Section 3(a)(9) of the Securities Act, the Holder shall convey, assign and transfer the Exchange Note to the Company in exchange for which the Company shall issue the New Warrant to the Holder. On the Closing Date, in exchange for the Exchange Note, the Company shall deliver or cause to be delivered to the Holder (or its designee) the New Warrant at the address for delivery set forth on the... signature page of the Holder attached hereto. Immediately following the delivery of the New Warrant to the Holder (or its designee), the Holder shall relinquish all rights, title and interest in the Exchange Note (including any claims the Holder may have against the Company related thereto) and assign the same to the Company, and the Exchange Note shall be deemed canceled. View More