Common use of Holding Proceeds of Rights Offering Clause in Contracts

Holding Proceeds of Rights Offering. A. All proceeds received by Computershare from Shareholders in respect of the exercise of Rights shall be held by Computershare, on behalf of the Company, in a segregated account (the “Account”). No interest shall accrue to the Company or shareholders on funds held in the Account pending disbursement in the manner described in Section 4(E) above. B. Computershare shall deliver all proceeds received in respect of the exercise of Rights to the Company as promptly as practicable, but in no event later than ten business days after the Confirmation Date. C. The Company acknowledges that the bank accounts maintained by Computershare in connection with the services provided under this Agreement will be in its name and that Computershare may receive investment earnings in connection with the investment at Computershare’s risk and for its benefit of funds held in those accounts from time to time.

Appears in 6 contracts

Samples: Subscription Agent Agreement, Subscription Agent Agreement (Unwired Planet, Inc.), Subscription Agent Agreement (Pilgrims Pride Corp)

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Holding Proceeds of Rights Offering. A. All proceeds received by Computershare from Shareholders in respect of the exercise of Rights shall be held by Computershare, on behalf of the Company, in a segregated account (the “Account”). No interest shall accrue to the Company or shareholders on funds held in the Account pending disbursement in the manner described in Section 4(E) above. B. Computershare shall deliver all proceeds received in respect of the exercise of Rights to the Company as promptly as practicable, but in no event later than ten four business days after the Confirmation Expiration Date. C. The Company acknowledges that the bank accounts maintained by Computershare in connection with the services provided under this Agreement will be in its name and that Computershare may receive investment earnings in connection with the investment at Computershare’s risk and for its benefit of funds held in those accounts from time to time.

Appears in 3 contracts

Samples: Subscription Agent Agreement (Gabelli Global Multimedia Trust Inc), Subscription Agent Agreement (Gabelli Healthcare & WellnessRx Trust), Subscription Agent Agreement (GDL Fund)

Holding Proceeds of Rights Offering. A. All proceeds received by Computershare from Shareholders in respect of the exercise of Rights shall be held by Computershare, on behalf of the CompanyFund, in a segregated account (the "Account"). No interest shall accrue to the Company Fund or shareholders on funds held in the Account pending disbursement in the manner described in Section 4(E) above. B. Computershare shall deliver all proceeds received in respect of the exercise of Rights to the Company Fund as promptly as practicable, but in no event later than ten business days after the Confirmation Date. C. The Company Fund acknowledges that the bank accounts maintained by Computershare in connection with the services provided under this Agreement will be in its name and that Computershare may receive investment earnings in connection with the investment at Computershare’s risk and for its benefit of funds held in those accounts from time to time.

Appears in 1 contract

Samples: Subscription Agent Agreement (Japan Smaller Capitalization Fund Inc)

Holding Proceeds of Rights Offering. A. All proceeds received by Computershare from Shareholders in respect of the exercise of Rights shall be held by Computershare, on behalf of the Company, in a segregated account (the “Account”). No interest shall accrue to the Company or shareholders on funds held in the Account pending disbursement in the manner described in Section 4(E4(C) above. B. Computershare shall deliver all proceeds received in respect of the exercise of Rights to the Company as promptly as practicable, but in no event later than ten business days after the Confirmation Dateclosing. C. The Company acknowledges that the bank accounts maintained by Computershare in connection with the services provided under this Agreement will be in its name and that Computershare may receive investment earnings in connection with the investment at Computershare’s risk and for its benefit of funds held in those accounts from time to time.

Appears in 1 contract

Samples: Subscription Agent Agreement (SWK Holdings Corp)

Holding Proceeds of Rights Offering. A. All proceeds received by Computershare from Shareholders in respect of the exercise of Rights shall be held by Computershare, on behalf of the Company, in a segregated account (the “Account”). No interest shall accrue to the Company or shareholders Shareholders on funds held in the Account pending disbursement in the manner described in Section 4(E) above. B. Computershare shall deliver all proceeds received in respect of the exercise of Rights to the Company as promptly as practicable, but in no event later than ten business days Business Days after the Confirmation Date. C. The Company acknowledges that the bank accounts maintained by Computershare in connection with the services provided under this Agreement will be in its name and that Computershare may receive investment earnings in connection with the investment at Computershare’s risk and for its benefit of funds held in those accounts from time to time.

Appears in 1 contract

Samples: Subscription Agent Agreement (Particle Drilling Technologies Inc/Nv)

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Holding Proceeds of Rights Offering. A. All proceeds received by Computershare from Shareholders in respect of the exercise of Rights shall be held by Computershare, on behalf of the Company, in a segregated account (the “Account”). No interest shall accrue to the Company or shareholders Shareholders on funds held in the Account pending disbursement in the manner described in Section 4(E5(E) above. B. Computershare shall deliver all proceeds received in respect of the exercise of Rights to the Company as promptly as practicable, but in no event later than ten business days after the Confirmation Date. C. The Company acknowledges that the bank accounts maintained by Computershare in connection with the services provided under this Agreement will be in its Computershare’s name and that Computershare may receive investment earnings in connection with the investment at Computershare’s risk and for its benefit of funds held in those accounts from time to time.

Appears in 1 contract

Samples: Subscription Agent Agreement (Transwitch Corp /De)

Holding Proceeds of Rights Offering. A. All proceeds received by Computershare from Shareholders in respect of the exercise of Rights shall be held by Computershare, on behalf of the Company, in a segregated account (the “Account”). No interest shall accrue to the Company or shareholders on funds held in the Account pending disbursement in the manner described in Section 4(E) above. B. Computershare shall deliver all proceeds received in respect of the exercise of Rights to the Company as promptly as practicable, but in no event later than ten business days after the Confirmation Expiration Date. C. The Company acknowledges that the bank accounts maintained by Computershare in connection with the services provided under this Agreement will be in its name and that Computershare may receive investment earnings in connection with the investment at Computershare’s risk and for its benefit of funds held in those accounts from time to time.

Appears in 1 contract

Samples: Subscription Agent Agreement (Marshall Edwards Inc)

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