Common use of Issuance of New Certificates Clause in Contracts

Issuance of New Certificates. Upon a termination of the provisions of this Agreement contemplated by Section 6.1(b), all Class B Shares subject to this Agreement shall be relieved from the terms and conditions contained herein, and the stock certificates of Dynegy representing such Class B Shares may be surrendered to Dynegy for cancellation and issuance of a new certificate without the legend required pursuant to Section 2.7 (other than the first and second sentences of such legend). Such new certificates shall be issued and delivered to Shareholder as soon as practicable and the stop transfer order provided for in Section 2.7 shall be rescinded immediately.

Appears in 4 contracts

Samples: Preferred Stock Redemption Agreement, Shareholder Agreement, Preferred Stock Redemption Agreement (Dynegy Holdings Inc)

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Issuance of New Certificates. Upon a termination of the provisions of this Agreement contemplated by Section 6.1(b7.1(b), all Class B Shares subject to this Agreement shall be relieved from the terms and conditions contained herein, and the stock certificates of Dynegy representing such Class B Shares may be surrendered to Dynegy for cancellation and issuance of a new certificate without the legend required pursuant to Section 2.7 3.7 (other than the first and second sentences of such legend). Such new certificates shall be issued and delivered to Shareholder as soon as practicable and the stop transfer order provided for in Section 2.7 3.7 shall be rescinded immediately.

Appears in 1 contract

Samples: Shareholder Agreement (Dynegy Inc /Il/)

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