New Certificates. Whenever the restrictions imposed by Section 3.1(f) shall terminate as herein provided, the holder of the securities as to which such restrictions have terminated shall be entitled to receive from the Company, without expense, one or more new certificates not bearing restrictive legends and not containing any reference to the restrictions imposed by this Agreement.
New Certificates. As expeditiously as possible after the effectiveness of any registration statement filed pursuant to this Agreement, the Corporation will deliver in exchange for any legended certificate evidencing Restricted Shares so registered, new stock certificates not bearing any restrictive legends, provided that, in the event less than all of the Restricted Shares evidenced by such legended certificate are registered, the holder thereof agrees that a new certificate evidencing such unregistered shares will be issued bearing the appropriate restrictive legend.
New Certificates. As expeditiously as possible after the effectiveness of any Registration Statement filed pursuant to this Agreement, the Company will deliver in exchange for any legended certificate evidencing Registrable Shares so registered, new stock certificates not bearing any restrictive legends.
New Certificates. The Company shall issue a new Certificate in place of any Certificate previously issued if the record holder of the Certificate (i) makes proof by affidavit, in form and substance satisfactory to the Board, that a previously issued Certificate has been lost, destroyed or stolen, (ii) requests the issuance of a new Certificate before the Company has received notice that the Certificate has been acquired by a purchaser for value in good faith and without notice of an adverse claim, (iii) if requested by the Board, delivers to the Company a bond, in form and substance satisfactory to the Board, with such surety or sureties and with fixed or open liability as the Board may direct, to indemnify the Company, as registrar, against any claim that may be made on account of the alleged loss, destruction or theft of the Certificate, and (iv) satisfies any other reasonable requirements imposed by the Board.
New Certificates. The Trust Company shall countersign, if necessary, and issue new certificates for the Shares upon surrender to the Trust Company of the outstanding certificates in a form endorsed for transfer acceptable to the Trust Company.
New Certificates duly register or procure that the Directors of the Corporation duly register all transfers of the Shares from time to time lodged with them by or on behalf of the Pledgee or its nominees and issue, and deliver to the Pledgee, a new certificate or certificates for the Shares in the name of the Pledgee or its nominees as soon as possible following receipt of such transfers from the Pledgee;
New Certificates. During the term of this Agreement, the Company will not remove, and will not permit to be removed (upon registration of transfer, reissuance or otherwise), the foregoing legend from any such certificate and will place or cause to be placed the foregoing legend on any new certificate issued to represent Shares theretofore represented by a certificate carrying the foregoing legend.
New Certificates. In furtherance of its transfer of the Perri Shares to Perri pursuant to Section 2(a) hereof, promptly after the date hereof UIT will, by delivering the same to Xxxxx, deliver to Netcruise (for the benefit of Perri and UIT) UIT's stock certificate (the "Old UIT Certificate") evidencing the Shares, accompanied by (i) an appropriate assignment separate from certificate (the "Stock Assignment") covering the Perri Shares, and (ii) a copy of a written consent (the "Board Consent") of UIT's sole director adopting resolutions approving the sale of the Perri Shares to Perri. Promptly following receipt by Xxxxx of the foregoing, Netcruise shall (i) validly issue two new stock certificates evidencing the Shares, one in the amount of 1,500,000 of the Shares (the "Perri Related New Certificate") and one in the amount of 500,000 of the Shares (the "New UIT Certificate"); and (ii) deliver the Perri Related New Certificate to Perri and the New UIT Certificate to UIT. Each of Perri and Netcruise acknowledges and agrees that UIT will be deemed to have satisfied its obligations to Perri under Section 2(a) above and this Section 2(b) upon delivery of the Old UIT Certificate, Stock Assignment and Board Consent to Xxxxx in such manner and at such time as may be agreed to by Xxxxx and counsel for UIT.
New Certificates. The legend and stop transfer instructions described in Sections 4.01 and 4.02, above, will be placed with respect to any new certificate(s) issued upon presentment by the undersigned of certificate(s) for transfer.
New Certificates. In consideration for such surrender, the Company hereby agrees to issue in exchange for each such share of Preferred Stock so surrendered 83 1/3 shares of Common Stock (with the total number of shares of Common Stock so issued to be rounded to the nearest whole share), such that a total of 617,083 shares of Common Stock shall be issued by the Company to the Shareholder in exchange for the Shareholder's Preferred Stock. The Company agrees to issue to the Shareholder a certificate or certificates registered in the Shareholder's name representing such shares of Common Stock. Notwithstanding anything to the contrary provided in the Amended Articles of Incorporation of the Company or otherwise, no dividends, whether accumulated, cumulative, accrued or otherwise, shall be paid with respect to the Preferred Stock, and the Shareholder waives, effective upon consummation of the exchange, its rights to receive any such dividends or any other payments or other distributions for or in respect of the Preferred Stock, other than the 617,083 shares of Common Stock to be issued pursuant to this Agreement in exchange for the Preferred Stock.
