Common use of Determination of Rights Offerees Clause in Contracts

Determination of Rights Offerees. On the Record Date, the Subscription Agent shall create and maintain, from the stock ledger and register it maintains in its capacities as transfer agent and registrar for the Common Stock, a list of the names, addresses and taxpayer identification numbers of the Rights Offerees and the number of Rights each such Rights Offeree is entitled to receive in the Rights Offering (the "Rights Ledger"). With respect to the Common Stock held of record by stock depositary trust companies, the Subscription Agent and the Company shall timely solicit and obtain a list containing similar information with respect to the broker/dealers or banks for whom such companies hold such stock as nominee and merge such information with and into the Rights Ledger. The Rights Offerees shall be established as of the close of business on the Record Date.

Appears in 4 contracts

Samples: Subscription Agent Agreement (Omnicorder Technologies Inc), Subscription Agent Agreement (Advanced BioPhotonics Inc.), Subscription Agent Agreement (Advanced BioPhotonics Inc.)

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Determination of Rights Offerees. On or about the Record Date, the Subscription Agent shall create and maintain, from the stock ledger and register it maintains in its capacities as transfer agent and registrar for the Common Stock, a list of the names, addresses and taxpayer identification numbers of the Rights Offerees and the number of Rights each such Rights Offeree is entitled to receive in the Rights Offering (the "Rights Ledger"). With respect to the Common Stock held of record by stock depositary trust companies, the Subscription Agent and the Company shall timely solicit and obtain a list containing similar information with respect to the broker/dealers or banks for whom such companies hold such stock as nominee and merge such information with and into the Rights Ledger. The Rights Offerees shall be established as of the close of business on the Record Date.

Appears in 2 contracts

Samples: Subscription Rights Agreement (Waverider Communications Inc), Subscription Rights Agreement (Waverider Communications Inc)

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