Common use of Cancellation and Destruction of Rights Certificates Clause in Contracts

Cancellation and Destruction of Rights Certificates. All Rights Certificates surrendered for the purpose of exercise, transfer, split-up, combination or exchange shall, if surrendered to the Company or any of its agents, be delivered to the Rights Agent for cancellation or in cancelled form, or, if surrendered to the Rights Agent, shall be cancelled by it, and no Rights Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Rights Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. In accordance with applicable law and regulation, the Rights Agent shall maintain, in a retrievable database, electronic records of all cancelled or destroyed rights certificates which have been cancelled or destroyed by the Rights Agent. The Rights Agent shall maintain such electronic records or physical records for the time period required by applicable law and regulation. Upon written request of the Company, the Rights Agent shall provide to the Company, copies of such electronic records or physical records relating to rights certificates cancelled or destroyed by the Rights Agent.

Appears in 4 contracts

Samples: Rights Agreement (Donaldson Co Inc), Rights Agreement (Donaldson Co Inc), Rights Agreement (Churchill Downs Inc)

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Cancellation and Destruction of Rights Certificates. All Rights Certificates surrendered for the purpose of exercise, transfer, split-split up, combination or exchange shall, if surrendered to the Company or any of its agents, be delivered to the Rights Agent for cancellation or in cancelled form, or, if surrendered to the Rights Agent, shall be cancelled by it, and no Rights Certificates shall be issued in lieu thereof thereof, except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Rights Certificate Certificates purchased or acquired by the Company otherwise than upon the exercise thereof. In accordance with Subject to applicable law and regulation, the Rights Agent shall maintain, maintain (i) in a retrievable database, database electronic records of all cancelled or destroyed rights stock certificates which have been cancelled canceled or destroyed by the Rights Agent. The Rights Agent shall maintain such electronic records or physical records for the time period required by applicable law and regulation. Upon written request of the Company (and at the expense of the Company), the Rights Agent shall provide to the Company, Company or its designee copies of such electronic records or physical records relating to rights certificates cancelled or destroyed by the Rights Agent.

Appears in 2 contracts

Samples: Section 382 Rights Agreement (Winland Electronics Inc), Section 382 Rights Agreement (Broadwind Energy, Inc.)

Cancellation and Destruction of Rights Certificates. All Rights Certificates surrendered for the purpose of exercise, transfer, split-split up, combination or exchange shall, if surrendered to the Company or any of its agents, be delivered to the Rights Agent for cancellation or in cancelled form, or, if surrendered to the Rights Agent, shall be cancelled by it, and no Rights Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Rights Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. In accordance with Subject to applicable law and regulation, the Rights Agent shall maintain, maintain in a retrievable database, database electronic records of all cancelled or destroyed rights stock certificates which have been cancelled or destroyed by the Rights Agent. The Rights Agent shall maintain such electronic records or physical records for the time period required by applicable law and regulation. Upon written request of the CompanyCorporation (and at the expense of the Corporation), the Rights Agent shall provide to the Company, Corporation or its designee copies of such electronic records or physical records relating to rights stock certificates cancelled or destroyed by the Rights Agent.

Appears in 2 contracts

Samples: Rights Agreement (Codorus Valley Bancorp Inc), Rights Agreement (Codorus Valley Bancorp Inc)

Cancellation and Destruction of Rights Certificates. All Rights Certificates surrendered for the purpose of exercise, transfer, split-split up, combination or exchange shall, if surrendered to the Company or to any of its agents, be delivered to the Rights Agent for cancellation or in cancelled canceled form, or, if surrendered to the Rights Agent, shall be cancelled canceled by it, and no Rights Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this AgreementPlan. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Rights Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. In accordance with Subject to applicable law and regulation, the Rights Agent shall maintain, maintain in a retrievable database, database electronic records or physical records of all cancelled or destroyed rights certificates Rights Certificates which have been cancelled or destroyed by the Rights Agent. The Rights Agent shall maintain such electronic records or physical records for the time period required by applicable law and regulation. Upon written request of the Company (and at the expense of the Company), the Rights Agent shall provide to the Company, Company or its designee copies of such electronic records or physical records relating to rights certificates Rights Certificates cancelled or destroyed by the Rights Agent.

Appears in 2 contracts

Samples: Tax Free Spin Protection Plan (Southwest Gas Holdings, Inc.), Tax Benefit Preservation Plan (Upland Software, Inc.)

Cancellation and Destruction of Rights Certificates. All Rights Certificates surrendered for the purpose of exercise, transfer, split-split up, combination or exchange shall, if surrendered to the Company or any of its agents, be delivered to the Rights Agent for cancellation or in cancelled form, or, if surrendered to the Rights Agent, shall be cancelled by it, and no Rights Certificates shall be issued in lieu thereof thereof, except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Rights Certificate Certificates purchased or acquired by the Company otherwise than upon the exercise thereof. In accordance with Subject to applicable law and regulation, the Rights Agent shall maintain, maintain in a retrievable database, database electronic records of all cancelled or destroyed rights stock certificates which have been cancelled canceled or destroyed by the Rights Agent. The Rights Agent shall maintain such electronic records or physical records for the time period required by applicable law and regulation. Upon written request of the Company (and at the expense of the Company), the Rights Agent shall provide to the Company, Company or its designee copies of such electronic records or physical records relating to rights certificates cancelled or destroyed by the Rights Agent.

Appears in 1 contract

Samples: Tax Benefit Rights Agreement (Mma Capital Management, LLC)

Cancellation and Destruction of Rights Certificates. All Rights Certificates surrendered for the purpose of exercise, transfer, split-split up, combination or exchange shall, if surrendered to the Company or to any of its agents, be delivered to the Rights Agent for cancellation or in cancelled canceled form, or, if surrendered to the Rights Agent, shall be cancelled canceled by it, and no Rights Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Rights Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. In accordance with Subject to applicable law and regulation, the Rights Agent shall maintain, maintain in a retrievable database, database electronic records of all cancelled or destroyed rights stock certificates which have been cancelled canceled or destroyed by the Rights Agent. The Rights Agent shall maintain such electronic records or physical records for the time period required by applicable law and regulation. Upon written request of the Company (and at the expense of the Company), the Rights Agent shall provide to the Company, Company or its designee copies of such electronic records or physical records relating to rights certificates cancelled or destroyed by the Rights Agent.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (Natus Medical Inc)

Cancellation and Destruction of Rights Certificates. All Rights Certificates surrendered for the purpose of exercise, transfer, split-split up, combination combination, redemption or exchange shall, if surrendered to the Company or any of its agents, be delivered to the Rights Agent for cancellation or in cancelled form, or, if surrendered to the Rights Agent, shall be cancelled by it, and no Rights Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Rights Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. In accordance with Subject to applicable law and regulation, the Rights Agent shall maintain, maintain (i) in a retrievable database, database electronic records of all cancelled or destroyed rights stock certificates which have been cancelled canceled or destroyed by the Rights Agent. The Rights Agent shall maintain such electronic records or physical records for the time period required by applicable law and regulation. Upon written request of the CompanyCorporation (and at the expense of the Corporation), the Rights Agent shall provide to the Company, Corporation or its designee copies of such electronic records or physical records relating to rights certificates Rights Certificates cancelled or destroyed by the Rights Agent.

Appears in 1 contract

Samples: Rights Agreement (Avid Technology, Inc.)

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Cancellation and Destruction of Rights Certificates. All Rights Certificates surrendered for the purpose of exercise, transfer, split-split up, combination or exchange shall, if surrendered to the Company Corporation or to any of its agents, be delivered to the Rights Agent for cancellation or in cancelled form, or, if surrendered to the Rights Agent, shall be cancelled by it, and no Rights Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company Corporation shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Rights Certificate purchased or acquired by the Company Corporation otherwise than upon the exercise thereof. In accordance with Subject to applicable law and regulation, the Rights Agent shall maintain, maintain in a retrievable database, database electronic records of all cancelled or destroyed rights certificates Rights Certificates which have been cancelled or destroyed by the Rights Agent. The Rights Agent shall maintain such electronic records or physical records for the time period required by applicable law and regulation. Upon written request of the CompanyCorporation (and at the expense of the Corporation), the Rights Agent shall provide to the Company, Corporation or its designee copies of such electronic records or physical records relating to rights certificates Rights Certificates cancelled or destroyed by the Rights Agent.

Appears in 1 contract

Samples: Tax Benefit Preservation Plan Agreement (Kingsway Financial Services Inc)

Cancellation and Destruction of Rights Certificates. All Rights Certificates surrendered for the purpose of exercise, transfer, split-split up, combination or exchange shall, if surrendered to the Company or any of its agents, be delivered to the Rights Agent for cancellation or in cancelled form, or, if surrendered to the Rights Agent, shall be cancelled by it, and no Rights Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Rights Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. In accordance with applicable law and regulation, the Rights Agent shall maintain, in a retrievable database, electronic records of all cancelled or destroyed rights certificates Rights Certificates which have been cancelled or destroyed by the Rights Agent. The Rights Agent shall maintain such electronic records or physical records for the time period required by applicable law and regulation. Upon written request of the Company, the Rights Agent shall provide to the Company, copies of such electronic records or physical records relating to rights certificates Rights Certificates cancelled or destroyed by the Rights Agent.

Appears in 1 contract

Samples: Rights Agreement (Health Net Inc)

Cancellation and Destruction of Rights Certificates. All Rights Certificates surrendered for the purpose of exercise, transfer, split-split up, combination or exchange shall, if surrendered to the Company or any of its agents, be delivered to the Rights Agent for cancellation or in cancelled canceled form, or, if surrendered to the Rights Agent, shall be cancelled canceled by it, and no Rights Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Rights Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. In accordance with Subject to applicable law and regulation, the Rights Agent shall maintain, maintain (i) in a retrievable database, database electronic records of all cancelled or destroyed rights stock certificates which have been cancelled canceled or destroyed by the Rights Agent. The Rights Agent shall maintain such electronic records or physical records for the time period required by applicable law and regulation. Upon written request of the CompanyCorporation (and at the expense of the Corporation), the Rights Agent shall provide to the Company, Corporation or its designee copies of such electronic records or physical records relating to rights certificates cancelled or destroyed by the Rights Agent.

Appears in 1 contract

Samples: Rights Agreement (Communications Systems Inc)

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