Class A Ordinary Shares Record Date Clause Samples
The 'Class A Ordinary Shares Record Date' clause defines the specific date on which shareholders must be registered as holders of Class A Ordinary Shares to be eligible for certain rights, such as receiving dividends or voting at a meeting. In practice, this means that only those listed as shareholders on the record date will be entitled to participate in corporate actions related to these shares, regardless of any subsequent transfers. This clause ensures clarity and fairness in determining which shareholders are entitled to benefits or participation at a given time, thereby preventing disputes over eligibility.
Class A Ordinary Shares Record Date. Each Person in whose name any certificate for Class A Ordinary Shares are issued (or to whose broker’s account is credited Class A Ordinary Shares through the DWAC system) upon the exercise of Warrants shall for all purposes be deemed to have become the holder of record for the Class A Ordinary Shares represented thereby on, and such certificate shall be dated, the date on which submission of the Exercise Notice was made, provided that the Warrant Certificate evidencing such Warrant was duly surrendered (but only if required herein) and payment of the Exercise Price (and any applicable transfer taxes) was received on or prior to the Warrant Share Delivery Date; provided, however, that, if the date of submission of the Exercise Notice is a date upon which the Class A Ordinary Share transfer books of the Company are closed, such Person shall be deemed to have become the record holder of such shares on, and such certificate shall be dated, the next succeeding day on which the Class A Ordinary Share transfer books of the Company are open.
Class A Ordinary Shares Record Date. Each Person in whose name any certificate for a number of Class A Ordinary Shares (or Ordinary Shares and/or other securities, as the case may be) is issued upon the exercise of Rights shall for all purposes be deemed to have become the registered holder, and entitled to be registered in the register of members as the holder, of such whole and/or fractional Class A Ordinary Shares (or Ordinary Shares and/or other securities, as the case may be) represented thereby on, and such certificate shall be dated the date upon which the Rights Certificate evidencing such Rights was duly surrendered and payment of the applicable Purchase Price (and all applicable transfer taxes or governmental charge required to be paid by the holder of such Rights Certificate in accordance with Section 9(d) hereof) was made; provided, however, that if the date of such surrender and payment is a date upon which the register of members or transfer books of the Company are closed, such Person shall be deemed to have become the and entitle to be registered in the register of members as, the registered holder of such shares on, and such certificate shall be dated, the next succeeding Business Day on which the register of members or transfer books of the Company are open. Prior to the exercise of the Rights evidenced thereby, the holder of a Rights Certificate shall not be entitled to any rights of a holder of Class A Ordinary Shares (or any other security of the Company) for which the Rights are exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any meetings or proceedings of the Company, except as provided herein.