Common use of Cancellation of Right Certificates Clause in Contracts

Cancellation of Right Certificates. All Right 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 such purpose and for cancellation or, if surrendered to the Rights Agent for such purpose, shall be canceled by it. No Right Certificates shall be authenticated in lieu of or in exchange for any Right Certificates canceled as provided in this Section 9 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 Right Certificate purchased or acquired by the Company otherwise than upon exercise thereof. The Rights Agent shall deliver all canceled Right Certificates to the Company, or shall, at the written request of the Company, destroy such canceled Rights Certificates, and in such case shall deliver a certificate of destruction thereof to the Company.

Appears in 5 contracts

Samples: Rights Agreement (Cornell Corrections Inc), Rights Agreement (Garden Ridge Corp), Rights Agreement (Garden Ridge Corp)

AutoNDA by SimpleDocs

Cancellation of Right Certificates. All Right Certificates surrendered for the purpose of and accepted for exercise, transfer, split up, combination, combination or exchange shall, if surrendered to the Company or any of its agentsagents (other than the Rights Agent), be delivered to the Rights Agent for such purpose and for cancellation or in cancelled form, or, if surrendered to the Rights Agent for such purposeAgent, shall be canceled cancelled by it. No , and no Right Certificates shall be authenticated issued in lieu of or in exchange for any Right Certificates canceled as provided in this Section 9 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 Right Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. The Rights Agent shall deliver all canceled cancelled Right Certificates to the Company, or shall, at the written request of the Company, destroy such canceled Rights Right Certificates, and in such case shall deliver a certificate of destruction thereof to the Company.

Appears in 2 contracts

Samples: Shareholders’ Rights Agreement (Sohu.com LTD), Shareholders’ Rights Agreement (Sohu.com LTD)

AutoNDA by SimpleDocs

Cancellation of Right Certificates. All Right Certificates surrendered for the purpose of exercise, transfer, split up, combination, combination or exchange shall, if surrendered to the Company or to any of its agents, be delivered to the Rights Agent for such purpose and for cancellation or in canceled form, or, if surrendered to the Rights Agent for such purposeAgent, shall be canceled by it. No , and no Right Certificates shall be authenticated issued in lieu of or in exchange for any Right Certificates canceled as provided in this Section 9 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 Right Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. The Rights Agent shall deliver all canceled Right Certificates to the Company, or shall, at the written request of the Company, destroy dispose of such canceled Rights CertificatesRight Certificates in accordance with customary policy, and in such case shall deliver a certificate of destruction thereof to the Company.

Appears in 1 contract

Samples: Rights Agreement (Beverly Enterprises Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!