Holder of Rights. Not Deemed a Shareholder No holder, as such, of any Rights or Rights Certificates shall be entitled to vote, receive dividends or be deemed for any purpose the holder of Common Shares or any other securities which may at any time be issuable on the exercise of Rights, nor shall anything contained herein or in any Rights Certificate be construed to confer upon the holder of any Rights, as such, any of the rights of a shareholder of the Corporation or any right to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting shareholders (except as provided in Section 5.8 hereof), or to receive dividends or subscription rights or otherwise, until such Rights, or Rights to which such holder is entitled, shall have been exercised in accordance with the provisions hereof.
Holder of Rights. As used in this Agreement, unless the context otherwise requires, the term "holder" of any Rights shall mean the registered holder of such Rights (or, prior to the Separation Time, the associated Common Shares).
Holder of Rights. As used in this Agreement, unless the context otherwise requires, the term "HOLDER" of any Rights shall mean the registered holder of such Rights (or, prior to the Separation Time, the associated Common Shares).
Holder of Rights. Each of the Parties acknowledges and agrees that they have not at any time assigned or transferred any rights or remedies that they may have against the other which, but for any such assignment would be subject to the Mutual Releases being conveyed herewith, and that they have the complete and requisite authority to execute this Agreement and to bind themselves hereto. Further, Klisx xxxnowledges and agrees that he is the sole and exclusive owner and holder of the Klisx Xxxck, that such Klisx Xxxck is free and clear of any and all liens, claims, encumbrances and restrictions; and that he is entitled to sell and transfer the Klisx Xxxck to the Company as provided for in this Agreement, and that the entering into this Agreement and the sale and transfer of the Klisx Xxxck by Klisx xx provided for herein will not violate any agreement or arrangement in respect of such Stock that Klisx xxx or may be obligated under with any third person or entity.
Holder of Rights. The right to enforce the provisions set forth in this Section 2 is held originally by the Declarant, who may assign these rights on a non- exclusive basis at any time to the Design Review Committee or to the applicable Association or management entity, each of whom may thereafter reassign such rights to such persons. The time limit for construction does not apply to any Lots held by the Declarant or any entity related to or affiliated with Declarant. At the end of the Declarant Control Period all of the Declarant’s rights under this Section shall be automatically assigned to the Association.
