Common use of Date on Which Exercise is Effective Clause in Contracts

Date on Which Exercise is Effective. Each Person in whose name any certificate for Shares is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of such Shares represented thereby on, and such certificate shall be dated, the date upon which the Rights Certificate evidencing such Rights was duly submitted (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other charges payable by the exercising holder hereunder) was made; provided, however, that, if the date of such submission and payment is a date upon which the relevant Share transfer books of the Corporation are closed, such Person shall be deemed to have become the recorded holder of such Shares on, and such certificate shall be dated, the next succeeding Business Day on which the said Share transfer books of the Corporation are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Preferred Shares is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of such Preferred Shares represented thereby on, and such certificate shall be dated, the date upon which the Rights Certificate evidencing such Rights was duly submitted (together with a duly completed Election to Exercise) surrendered for exercise and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that, that if the date of such submission surrender and payment is a date upon which the relevant Preferred Share transfer books of the Corporation Company are closed, such Person shall be deemed to have become the recorded record holder of such Preferred Shares on, and such certificate shall be dated, the next succeeding Business Day on which the said Preferred Share transfer books of the Corporation Company are open.

Date on Which Exercise is Effective. Each Person person in whose name any certificate for Preferred Shares is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of such Preferred Shares represented thereby on, and such certificate shall be dated, the date upon which the Rights Certificate evidencing such Rights was duly submitted (together with a duly completed Election to Exercise) surrendered for exercise and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that, that if the date of such submission surrender and payment is a date upon which the relevant Preferred Share transfer books of the Corporation Company are closed, such Person person shall be deemed to have become the recorded record holder of such Preferred Shares on, and such certificate shall be dated, the next succeeding Business Day on which the said Preferred Share transfer books of the Corporation Company are open.

Date on Which Exercise is Effective. ‌ Each Person in whose name any certificate for Shares is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of such the Shares represented thereby on, and such certificate shall be dated, the date upon which the Rights Certificate evidencing such Rights was duly submitted (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other charges payable by the exercising holder hereunder) was made; provided, however, that, that if the date of such submission and payment exercise is a date upon which the relevant Share share transfer books of the Corporation Company are closed, such Person shall be deemed to have become the recorded holder of such Shares on, and such certificate shall be dated, the next succeeding Business Day on which the said Share share transfer books of the Corporation Company are open.

Date on Which Exercise is Effective. Each Person person in whose name any certificate for Preferred Shares is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of such Preferred Shares represented thereby on, ,and such certificate shall be dated, the date upon which the Rights Certificate evidencing such Rights was duly submitted (together with a duly completed Election to Exercise) surrendered for exercise and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that, that if the date of such submission surrender and payment is a date upon which the relevant Preferred Share transfer books of the Corporation Company are closed, such Person person shall be deemed to have become the recorded record holder of such Preferred Shares on, and such certificate shall be dated, the next succeeding Business Day on which the said Preferred Share transfer books of the Corporation Company are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Shares is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of such the Shares represented thereby on, and such certificate shall be dated, the date upon which the Rights Certificate evidencing such Rights was duly submitted (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other charges payable by the exercising holder hereunder) was made; provided, however, that, that if the date of such submission and payment exercise is a date upon which the relevant Share share transfer books of the Corporation Company are closed, such Person shall be deemed to have become the recorded holder of such Shares on, and such certificate shall be dated, the next succeeding Business Day on which the said Share share transfer books of the Corporation Company are open.