Delivery and Cancellation of Certificates. All Rights Certificates surrendered upon exercise or for redemption, registration of transfer or exchange shall, if surrendered to any person other than the Rights Agent or, if appropriate, the Rights Registrar, be delivered to the Rights Agent or, if appropriate, the Rights Registrar and, in any case, shall be promptly cancelled by the Rights Agent or, if appropriate, the Rights Registrar. The Company may at any time deliver to the Rights Agent or Rights Registrar for cancellation any Rights Certificates previously countersigned and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Rights Certificates so delivered shall be promptly cancelled by the Rights Agent or Rights Registrar. No Rights Certificates shall be countersigned in lieu of or in exchange for any Rights Certificates cancelled as provided in this Section 2.10, except as expressly permitted by this Agreement. The Rights Agent or Rights Registrar shall destroy all cancelled Rights Certificates and deliver a certificate of destruction to the Company.
Appears in 2 contracts
Samples: Shareholder Rights Agreement (Maverick Tube Corporation), Shareholder Rights Agreement (Maverick Tube Corporation)
Delivery and Cancellation of Certificates. All Rights Certificates surrendered upon exercise or for redemption, registration of transfer or exchange shall, if surrendered to any person other than the Rights Agent Agent, or, if appropriate, the Rights Registrar, be delivered to the Rights Agent Agent, or, if appropriate, the Rights Registrar Registrar, and, in any case, shall be promptly cancelled by the Rights Agent Agent, or, if appropriate, the Rights Registrar. The Company may at any time deliver to the Rights Agent Agent, or Rights Registrar Registrar, for cancellation any Rights Certificates previously countersigned and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Rights Certificates so delivered shall be promptly cancelled by the Rights Agent Agent, or Rights Registrar. No Rights Certificates shall be countersigned in lieu of or in exchange for any Rights Certificates cancelled as provided in this Section 2.10, except as expressly permitted by this Agreement. The Rights Agent Agent, or Rights Registrar Registrar, shall destroy all cancelled Rights Certificates and deliver a certificate of destruction to the Company.
Appears in 1 contract
Samples: Shareholder Protection Rights Agreement (Arrow Financial Corp)
Delivery and Cancellation of Certificates. All Rights Certificates surrendered upon exercise or for redemption, registration of transfer or exchange shall, if surrendered to any person other than the Rights Agent or, if appropriate, the Rights RegistrarAgent, be delivered to the Rights Agent or, if appropriate, the Rights Registrar and, in any case, shall be promptly cancelled by the Rights Agent or, if appropriate, the Rights RegistrarAgent. The Company may at any time deliver to the Rights Agent or Rights Registrar for cancellation any Rights Certificates previously countersigned counter- signed and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Rights Certificates so delivered shall be promptly cancelled by the Rights Agent or and a certificate of cancellation shall be delivered by the Rights RegistrarAgent to the Company. No Rights Certificates shall be countersigned in lieu of or in exchange for any Rights Certificates cancelled as provided in this Section 2.10, except as expressly permitted by this Agreement. The Rights Agent or Rights Registrar shall destroy all cancelled Rights Certificates Certificates, in accordance with applicable law, and shall deliver a certificate of destruction to the Company, if destroyed.
Appears in 1 contract
Samples: Protection Rights Agreement (Payless Shoesource Holdings Inc)