CERTIFICATES TO BE HELD BY COMPANY. Each Class B Stockholder agrees that the certificates representing such Class B Stockholder’s Class B Shares and, if applicable, Class A Shares shall be issued in the name of a nominee holder to be designated by the Company and shall be held in custody by the Company at its principal office. Subject to Section 2.1, the Company shall, upon the request of any such Class B Stockholder or the estate of any such Class B Stockholder, as the case may be, in writing addressed to the Secretary of the Company or any officer designated by the Secretary (which request shall include a representation by such Class B Stockholder or estate thereof that such Class B Stockholder is then permitted to Transfer a specified number of Class B Shares under the provisions of this Agreement), promptly release from custody the certificates representing such specified number of Class B Stockholder’s Class B Shares, which are then intended and permitted to be Transferred under the provisions of this Agreement.
Appears in 2 contracts
Samples: Class B Stockholders’ Agreement (Silvercrest Asset Management Group Inc.), Class B Stockholders’ Agreement (Silvercrest Asset Management Group Inc.)
CERTIFICATES TO BE HELD BY COMPANY. Each Class B Stockholder agrees that the certificates representing such Class B Stockholder’s Class B Shares and, if applicable, Class A Shares shall be issued in the name of a nominee holder to be designated by the Company and shall be held in custody by the Company at its principal office. Subject to Section 2.12.4(c), the Company shall, upon the request of any such Class B Stockholder or the estate of any such Class B Stockholder, as the case may be, in writing addressed to the Secretary of the Company or any officer designated by the Secretary (which request shall include a representation by such Class B Stockholder or estate thereof that such Class B Stockholder is then permitted to Transfer a specified number of Class B Shares under the provisions of this Agreement), promptly release from custody the certificates representing such specified number of Class B Stockholder’s Class B Shares, Shares which are then intended and permitted to be Transferred under the provisions of this Agreement.
Appears in 2 contracts
Samples: Class B Stockholders’ Agreement (Pzena Investment Management, Inc.), Class B Stockholders’ Agreement (Pzena Investment Management, Inc.)
