Common use of Beneficiaries Have No Rights or Privileges as Stockholders of the Company Clause in Contracts

Beneficiaries Have No Rights or Privileges as Stockholders of the Company. Except as expressly provided in this Agreement or under applicable law, the Beneficiaries (by their vote with respect to the Plan and/or their acceptance of any distributions made to them pursuant to this Agreement) shall have no rights or privileges attributable to their former status as stockholders of the Company.

Appears in 9 contracts

Samples: Liquidating Trust Agreement (Xcorporeal, Inc.), Liquidating Trust Agreement (Advanced Switching Communications Inc), Liquidating Trust Agreement (Genaera Corp)

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Beneficiaries Have No Rights or Privileges as Stockholders of the Company. Except as expressly provided in this Agreement or under applicable law, the Beneficiaries (by their vote with respect to the Plan and/or their acceptance of any distributions made to them pursuant to this Agreement) shall have no rights or privileges attributable to their former status as stockholders of the Company.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (HGR Liquidating Trust), Liquidating Trust Agreement (Malan Realty Investors Inc)

Beneficiaries Have No Rights or Privileges as Stockholders of the Company. Except as expressly provided in this Agreement or under applicable law, the Beneficiaries (by their vote with respect to the Plan and/or their acceptance of any distributions made to them pursuant to this Agreement) shall have no rights or privileges attributable to their former status as stockholders or optionholders of the Company.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Mission West Properties Inc)

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Beneficiaries Have No Rights or Privileges as Stockholders of the Company. Except as expressly provided in this Agreement or under applicable law, the Beneficiaries (by their vote with respect to the Plan Proposal and/or their acceptance of any distributions made to them pursuant to this Agreement) shall have no rights or privileges attributable to their former status as stockholders of Stockholders, and the CompanyCompany may cancel all Shares without further notice to the Beneficiaries.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Trimaine Holdings Inc)

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