Common use of Effect of Issuance of Underlying Securities Clause in Contracts

Effect of Issuance of Underlying Securities. Upon the issuance of the Underlying Securities pursuant to the Subscription Receipts in accordance with Section 4.1(2) hereof, the Underlying Securities thereby issuable will be issued, and the Person or Persons to whom such securities are to be issued will be the holder or holders of record thereof, on the Release Date unless the transfer registers for the Underlying Securities are closed on the Release Date, in which case such Underlying Securities will be deemed to have been issued and such Person or Persons will become the holder or holders of record thereof on the date on which such transfer registers are reopened, but such Underlying Securities will be issued on the basis of the number of Units to which such Person or Persons were entitled on the Release Date.

Effect of Issuance of Underlying Securities. ‌ Upon the issuance of the Underlying Securities pursuant to the conversion of the Subscription Receipts in accordance with Section 4.1(24.1(3) hereof, the Underlying Securities thereby issuable will be issued, and the Person or Persons to whom such securities are to be issued will be the holder or holders of record thereof, on the Release Date unless the transfer registers for the Underlying Securities are closed on the Release Date, in which case such Underlying Securities will be deemed to have been issued and such Person or Persons will become the holder or holders of record thereof on the date on which such transfer registers are reopened, but such Underlying Securities will be issued on the basis of the number of Units Underlying Securities to which such Person or Persons were entitled on the Release Date.

Effect of Issuance of Underlying Securities. Upon the issuance of the Underlying Securities pursuant to the Subscription Receipts in accordance with Section 4.1(24.1(3) hereof, the Underlying Securities thereby issuable will be issued, and the Person or Persons to whom such securities are to be issued will be the holder or holders of record thereof, on the Release Date unless the transfer registers for the Underlying Securities are closed on the Release Date, in which case such Underlying Securities will be deemed to have been issued and such Person or Persons will become the holder or holders of record thereof on the date on which such transfer registers are reopened, but such Underlying Securities will be issued on the basis of the number of Units to which such Person or Persons were entitled on the Release Date.

Effect of Issuance of Underlying Securities. Upon the issuance of the Underlying Securities pursuant to the Subscription Receipts in accordance with Section 4.1(24.1(3) hereof, the Underlying Securities thereby issuable will be issued, and the Person or Persons to whom such securities are to be issued will be the holder or holders of record thereof, on the Release Date unless the transfer registers for the Underlying Securities are closed on the Release Date, in which case such Underlying Securities will be deemed to have been issued and such Person or Persons will become the holder or holders of record thereof on the date on which such transfer registers are reopened, but such Underlying Securities will be issued on the basis of the number of Units Underlying Securities to which such Person or Persons were entitled on the Release Date.

Effect of Issuance of Underlying Securities. Upon the issuance of the Underlying Securities pursuant to the conversion of the Subscription Receipts in accordance with Section 4.1(24.1(3) hereof, the Underlying Securities thereby issuable will be issued, and the Person or Persons to whom such securities are to be issued will be the holder or holders of record thereof, on the Release Date unless the transfer registers for the Underlying Securities are closed on the Release Date, in which case such Underlying Securities will be deemed to have been issued and such Person or Persons will become the holder or holders of record thereof on the date on which such transfer registers are reopened, but such Underlying Securities will be issued on the basis of the number of Units Underlying Securities to which such Person or Persons were entitled on the Release Date.