Common use of Form and Execution of Subscription Certificates Clause in Contracts

Form and Execution of Subscription Certificates. A. Each Subscription Certificate shall be irrevocable and transferable. The Agent shall, in its capacity as Transfer Agent of the Fund, maintain a register of Subscription Certificates and the holders of record thereof (each of whom shall be deemed a “Shareholder” hereunder for purposes of determining the rights of holders of Subscription Certificates). Each Subscription Certificate shall, subject to the provisions thereof, entitle each Shareholder in whose name it is recorded, and each transferee who purchases or otherwise receives a Subscription Certificate upon the terms set forth in the Prospectus, to the following: (1) The right to acquire during the Subscription Period, as defined in the Prospectus Supplement to be filed with the SEC (“the Prospectus Supplement”), at the Subscription Price, as defined in the Prospectus Supplement, one transfer subscription right will be issued for each common share of the Fund held on record date. Three subscription rights (“Rights”) will be required to purchase one common share and one preferred share; and (2) Solely with respect to Shareholders exercising all Rights received in the initial offering, the right to subscribe for additional common shares and preferred shares, subject to the availability of such shares and to the allotment of such shares as may be available among Shareholders who exercise Over-Subscription Privileges on the basis specified in the Prospectus Supplement; provided, however, that such Shareholder or transferee has exercised all Basic Subscription Rights issued to him or her (the “Over-Subscription Privilege”).

Appears in 2 contracts

Samples: Subscription Agent Agreement, Subscription Agent Agreement (Gabelli Global Utility & Income Trust)

AutoNDA by SimpleDocs

Form and Execution of Subscription Certificates. A. Each Subscription Certificate shall be irrevocable and transferable. The Agent shall, in its capacity as Transfer Agent of the Fund, maintain a register of Subscription Certificates and the holders of record thereof (each of whom shall be deemed a “Shareholder” hereunder for purposes of determining the rights of holders of Subscription Certificates). Each Subscription Certificate shall, subject to the provisions thereof, entitle each Shareholder in whose name it is recorded, and each transferee who purchases or otherwise receives a Subscription Certificate upon the terms set forth in the Prospectus, to the following: (1) The right to acquire during the Subscription Period, as defined in the Prospectus Supplement to be filed with the SEC (the the Prospectus Supplement”), at the Subscription Price, as defined in the Prospectus Supplement, a number of shares of Common Stock equal to one transfer subscription right will be issued for each common share of Common Stock for every three Rights (the Fund held on record date. Three subscription rights (RightsBasic Subscription Right) will be required to purchase one common share and one preferred share); and (2) Solely with respect to Shareholders exercising all Rights received in the initial offering, the right to subscribe for additional common shares and preferred sharesof Common Stock, subject to the availability of such shares and to the allotment of such shares as may be available among Shareholders who exercise Over-Subscription Privileges on the basis specified in the Prospectus Supplement; provided, however, that such Shareholder or transferee has exercised all Basic Subscription Rights issued to him or her (the “Over-Subscription Privilege”).

Appears in 1 contract

Samples: Subscription Agent Agreement (Gabelli Multimedia Trust Inc.)

Form and Execution of Subscription Certificates. A. Each Subscription Certificate shall be irrevocable and transferableirrevocable. The Agent shall, in its capacity as Transfer Agent of the FundCompany, maintain a register of Subscription Certificates and the holders Rights Holders of record thereof (each of whom shall be deemed a “Shareholder” hereunder for purposes of determining the rights of holders of Subscription Certificates)thereof. Each Subscription Certificate shall, subject to the provisions thereof, entitle each Shareholder in whose name it is recorded, and each transferee who purchases or otherwise receives a Subscription Certificate upon the terms set forth in the Prospectus, record Rights Holders thereof to the following: (1) The right to acquire during the Subscription Period, as defined described in the Prospectus Supplement to be filed with the SEC (“the Prospectus Supplement”)Prospectus, at the Subscription Price, as defined described in the Prospectus SupplementProspectus, a number of shares of Common Stock equal to one transfer subscription right share of Common Stock for every 3 Rights held by such Rights Holder (the "Primary Subscription"); provided, that any Record Date Stockholder that is issued fewer than 3 Rights will be issued entitled to subscribe for each common one share of the Fund held on record date. Three subscription rights (“Rights”) will be required to purchase one common share and one preferred shareCommon Stock; provided; further, that such entitled is not transferable; and (2) Solely with With respect to Record Date Shareholders exercising all Rights received in the initial offeringonly, the right (the "Over-Subscription Privilege") to subscribe for additional common shares and preferred sharesof Common Stock, in addition to Shares available pursuant to the Primary Subscription, subject to the availability of such available shares and to the allotment of such shares as may be available among on a pro rata basis to Record Date Shareholders who exercise their Over-Subscription Privileges Privilege on the basis specified in the Prospectus SupplementProspectus; provided, however, that such Shareholder or transferee has Over-Subscription Privilege shall only be available to Record Date Shareholders who have, to the extent permitted, exercised all Basic Primary Subscription Rights issued to him or her (the “Over-Subscription Privilege”)such Record Date Shareholders.

Appears in 1 contract

Samples: Subscription and Information Agent Agreement (Technology Investment Capital Corp)

Form and Execution of Subscription Certificates. A. (a) Each Subscription Certificate shall be irrevocable and fully transferable. The Agent shall, in its capacity as Transfer Agent of the Fund, shall maintain a register of Subscription Certificates and the holders of record thereof (each of whom shall be deemed a “Shareholder” an "Exercising Rights Holder" hereunder for purposes of determining the rights of holders of Subscription Certificates). Each Subscription Certificate shall, subject to the provisions thereof, entitle each Shareholder the Exercising Rights Holder in whose name it is recorded, and each transferee who purchases or otherwise receives a Subscription Certificate upon the terms set forth in the Prospectus, recorded to the following: (1) The right to acquire during the Subscription Period, as defined in the Prospectus Supplement to be filed with the SEC (“the Prospectus Supplement”)Prospectus, at the Subscription Price, as defined in the Prospectus SupplementProspectus, a number of shares of Common Stock equal to one transfer subscription right will be issued for each common share of Common Stock for every three Rights (the Fund held on record date. Three subscription rights (“Rights”"Primary Subscription Right") will be required provided, however, that Record Date Shareholders issued fewer than three Rights are entitled to purchase one common share and one preferred shareof Common Stock and, provided further, no fractional shares of Common Stock will be issued; and (2) Solely with With respect to Record Date Shareholders exercising all Rights received in the initial offeringonly, the right to subscribe for additional common shares and preferred sharesof Common Stock, subject to the availability of such shares and to the allotment of such shares as may be available among Record Date Shareholders who exercise Overover-Subscription Privileges subscription rights on the basis specified in the Prospectus SupplementProspectus; provided, however, that such Record Date Shareholder or transferee has exercised all Basic Primary Subscription Rights issued to him or her (the “Over-"Over- Subscription Privilege").

Appears in 1 contract

Samples: Subscription Agent Agreement (Pacholder High Yield Fund Inc)

Form and Execution of Subscription Certificates. A. Each Subscription Certificate shall be irrevocable and transferable. The Agent shall, in its capacity as Transfer Agent of the Fund, maintain a register of Subscription Certificates and the holders of record thereof (each of whom shall be deemed a “Shareholder” hereunder for purposes of determining the rights of holders of Subscription Certificates). Each Subscription Certificate shall, subject to the provisions thereof, entitle each Shareholder in whose name it is recorded, and each transferee who purchases or otherwise receives a Subscription Certificate upon the terms set forth in the Prospectus, to the following: (1) The right to acquire during the Subscription Period, as defined in the Prospectus Supplement to be filed with the SEC (“the Prospectus Supplement”), at the Subscription Price, as defined in the Prospectus Supplement, a number of shares of Common Stock equal to one transfer subscription right will be issued for each common share of Common Stock for every one Right (the Fund held on record date. Three subscription rights (RightsBasic Subscription Right) will be required to purchase one common share and one preferred share); and (2) Solely with respect to Shareholders exercising all Rights received in the initial offering, the right to subscribe for additional common shares and preferred sharesof Common Stock, subject to the availability of such shares and to the allotment of such shares as may be available among Shareholders who exercise Over-Subscription Privileges on the basis specified in the Prospectus Supplement; provided, however, that such Shareholder or transferee has exercised all Basic Subscription Rights issued to him or her (the “Over-Subscription Privilege”).

Appears in 1 contract

Samples: Subscription Agent Agreement (Gabelli Utility Trust)

Form and Execution of Subscription Certificates. A. Each Subscription Certificate shall be irrevocable and transferable. The Agent shall, in its capacity as Transfer Agent of the Fund, maintain a register of Subscription Certificates and the holders of record thereof (each of whom shall be deemed a “Shareholder” hereunder for purposes of determining the rights of holders of Subscription Certificates). Each Subscription Certificate shall, subject to the provisions thereof, entitle each Shareholder in whose name it is recorded, and each transferee who purchases or otherwise receives a Subscription Certificate upon the terms set forth in the Prospectus, to the following: (1) The right to acquire during the Subscription Period, as defined in the Prospectus Supplement to be filed with the SEC (“the Prospectus Supplement”), at the Subscription Price, as defined in the Prospectus Supplement, a number of shares of Series G Preferred Stock equal to one transfer subscription right will be issued for each common share of Series G Preferred Stock for every one Right (the Fund held on record date. Three subscription rights (RightsBasic Subscription Right) will be required to purchase one common share and one preferred share); and (2) Solely with respect to Shareholders exercising all Rights received in the initial offering, the right to subscribe for additional common shares and preferred sharesof Series G Preferred Stock, subject to the availability of such shares and to the allotment of such shares as may be available among Shareholders who exercise Over-Subscription Privileges on the basis specified in the Prospectus Supplement; provided, however, that such Shareholder or transferee has exercised all Basic Subscription Rights issued to him or her (the “Over-Subscription Privilege”).

Appears in 1 contract

Samples: Subscription Agent Agreement (Gabelli Equity Trust Inc)

AutoNDA by SimpleDocs

Form and Execution of Subscription Certificates. A. (a) Each Subscription Certificate shall be irrevocable and non-transferable. The Agent shall, in its capacity as Transfer Agent of the Fund, maintain a register of Subscription Certificates and the holders of record thereof (each of whom shall be deemed a "Shareholder" hereunder for purposes of determining the rights of holders of Subscription Certificates). Each Subscription Certificate shall, subject to the provisions thereof, entitle each the Shareholder in whose name it is recorded, and each transferee who purchases or otherwise receives a Subscription Certificate upon the terms set forth in the Prospectus, recorded to the following: (1) The With respect to Record Date Shareholders only, the right to acquire during the Subscription Period, Period (as defined in the Prospectus Supplement to be filed with the SEC (“the Prospectus Supplement”), Prospectus) at the Subscription Price, Price (as defined in the Prospectus Supplement, Prospectus) a number of shares of Common Stock equal to one transfer subscription right will be issued for each common share of Common Stock for every seven Rights (the Fund held on record date. Three subscription rights (“Rights”) will be required to purchase one common share and one preferred share"Primary Subscription Right"); and (2) Solely with With respect to Record Date Shareholders exercising all Rights received in the initial offeringonly, the right to subscribe for additional common shares and preferred sharesof Common Stock, subject to the availability of such shares and to the allotment of such shares as may be available among Record Date Shareholders who exercise Over-Subscription Privileges Rights on the basis specified in the Prospectus SupplementProspectus; provided, however, that such Record Date Shareholder or transferee has exercised all Basic Primary Subscription Rights issued to him or her (the "Over-Subscription Privilege"). 3 The Fund may increase the number of shares of Common Stock subject to subscription by up to 25% of the Shares. Fractional shares will not be issued upon the exercise of Rights.

Appears in 1 contract

Samples: Subscription Agent Agreement (Zweig Fund Inc /Md/)

Form and Execution of Subscription Certificates. A. Each Subscription Certificate shall be irrevocable and transferable. The Agent shall, in its capacity as Transfer Agent of the FundCompany, maintain a register of Subscription Certificates and the holders of record thereof (each of whom shall be deemed a “Record Date Shareholder” hereunder for purposes of determining the rights of holders of Subscription Certificates). Each Subscription Certificate shall, subject to the provisions thereof, entitle each Record Date Shareholder in whose name it is recorded, and each transferee who purchases purchases, or otherwise receives a Subscription Certificate upon the terms set forth in the Prospectus, to Prospectus(each of whom shall be deemed a “Transferee”) the following: (1) The right to acquire during the Subscription Period, as defined in the Prospectus Supplement to be filed with the SEC (“the Prospectus Supplement”)Prospectus, at the Subscription Price, as defined in the Prospectus SupplementProspectus, a number of shares of Common Stock equal to one transfer subscription right will be issued for each common share of Common Stock for every three Rights (the Fund held on record date. Three subscription rights (RightsPrimary Subscription Right) will be required to purchase one common share and one preferred share; and). (2) Solely with respect to Shareholders exercising all Rights received in the initial offering, the B. The right to subscribe for additional common shares and preferred sharesof Common Stock, subject to the availability of such shares and to the allotment of such shares as may be available among Record Date Shareholders who exercise Over-Subscription Privileges Rights on the basis specified in the Prospectus SupplementProspectus; provided, however, that such Record Date Shareholder or transferee has exercised all Basic Primary Subscription Rights issued to him or her (the “Over-Subscription Privilege”).

Appears in 1 contract

Samples: Subscription Agent Agreement (Morgan Stanley China a Share Fund, Inc.)

Form and Execution of Subscription Certificates. A. (a) Each Subscription Certificate shall be irrevocable and fully transferable. The Agent shall, in its capacity as Transfer Agent of the Fund, maintain a register of Subscription Certificates and the holders of record thereof (each of whom shall be deemed a "Shareholder" hereunder for purposes of determining the rights of holders of Subscription Certificates). Each Subscription Certificate shall, subject to the provisions thereof, entitle each the Shareholder in whose name it is recorded, and each transferee who purchases or otherwise receives a Subscription Certificate upon the terms set forth in the Prospectus, recorded to the following: (1i) The right to acquire during the Subscription Period, as defined in the Prospectus Supplement to be filed with the SEC (“the Prospectus Supplement”)Prospectus, at the Subscription Price, as defined in the Prospectus SupplementProspectus, a number of Shares equal to one transfer subscription right will be Share for every three Rights (the "Primary Subscription Right"); PROVIDED, HOWEVER, that the Record Date Shareholders issued for each common share of the Fund held on record date. Three subscription rights (“Rights”) will be required fewer that three Rights are entitled to purchase one common share Share; and one preferred sharePROVIDED FURTHER, that no fractional Shares shall be issued; and (2ii) Solely with With respect to Record Date Shareholders exercising all Rights received in the initial offeringonly, the right to subscribe for additional common shares and preferred sharesShares, subject to the availability of such shares Shares and to the allotment of such shares Shares as may be available among Record Date Shareholders who exercise Over-Subscription Privileges Rights on the basis specified in the Prospectus SupplementProspectus; provided, however, that such Record Date Shareholder or transferee has exercised all Basic Primary Subscription Rights issued to him or her (the "Over-Subscription Privilege").

Appears in 1 contract

Samples: Subscription Agent Agreement (Colonial Intermediate High Income Fund)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!