Common use of Preferred Share Record Date Clause in Contracts

Preferred Share Record Date. Each Person in whose name any certificate for Preferred Shares is issued upon the exercise of Rights will for all purposes be considered to have become the holder of record of the Preferred Shares represented thereby on, and that certificate will be dated, the date upon which the Right Certificate evidencing those Rights was duly surrendered and payment of the Exercise Price (and any applicable transfer taxes) was made; however, if the date of that surrender and payment is a date upon which the Preferred Share transfer books of the Company are closed, that Person will be considered to have become the record holder of such shares on, and that certificate will be dated, the next succeeding Business Day on which the Preferred Share transfer books of the Company are open, but if delivery of Preferred Shares is delayed pursuant to Section 9(c), that Person will be considered to have become the record holder of those Preferred Shares only when those shares first become deliverable. Prior to the exercise of the Right evidenced thereby, the holder of a Right Certificate is not entitled to any rights of a shareholder of the Company with respect to shares for which the Rights are exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and will not be entitled to receive any notice of any proceedings of the Company, except as provided herein.

Appears in 9 contracts

Samples: Shareholder Rights Agreement (Morgans Foods Inc), Shareholder Rights Agreement (Morgans Foods Inc), Shareholder Rights Agreement (Morgans Foods Inc)

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Preferred Share Record Date. Each Person in whose name any certificate for Preferred Shares (including any fraction of a Preferred Share) is issued upon the exercise of Rights will shall for all purposes be considered deemed to have become the holder of record Registered Holder of the Preferred Shares (or other securities of the Company) represented thereby on, and that such certificate will shall be dated, dated the date upon which the Right Certificate evidencing those such Rights was duly surrendered with the forms of election and certification properly completed and duly executed and full payment of the Exercise Price (and any applicable transfer taxestaxes and governmental charges) was duly made; provided, however, that if the date of that such surrender and payment is a date upon which the Preferred Share transfer books register of members of the Company are is closed, that such Person will shall be considered deemed to have become the record holder Registered Holder of such shares on, and that such certificate will shall be dated, the next succeeding Business Day on which the Preferred Share transfer books register of members of the Company are is open; and further provided, but however, that if delivery of Preferred Shares (or other securities of the Company) is delayed pursuant to Section 9(c)9.3, that such Person will shall be considered deemed to have become the record holder Registered Holder of those such Preferred Shares (or other securities of the Company) only when those such shares first become deliverable. Prior to the exercise of the Right Rights evidenced thereby, the holder of a Right Certificate is shall not be entitled to any rights of a shareholder of the Company with respect to shares for which the Rights are exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and will shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein.

Appears in 2 contracts

Samples: Shareholder Rights Agreement (Sohu.com LTD), Shareholder Rights Agreement (Sohu.com LTD)

Preferred Share Record Date. Each Person person in whose name any certificate or depositary receipt for Preferred Shares and/or other securities, as the case may be, is issued upon the exercise of Rights will shall for all purposes be considered deemed to have become the holder of record of the Preferred Shares and/or other securities, as the case may be, represented thereby on, and that such certificate will or depositary receipt shall be dated, the date upon which the Right Certificate evidencing those such Rights was duly surrendered and payment of the Exercise Purchase Price (and any applicable transfer taxes) was made; howeverPROVIDED, HOWEVER, that if the date of that such surrender and payment is a date upon which the Preferred Share transfer books of the Company are closed, that such Person will shall be considered deemed to have become the record holder of such shares on, and that such certificate will or depositary receipt shall be dated, the next succeeding Business Day on which the Preferred Share transfer books of the Company are open, but if delivery of Preferred Shares is delayed pursuant to Section 9(c), that Person will be considered to have become the record holder of those Preferred Shares only when those shares first become deliverable. Prior to the exercise of the Right Rights evidenced thereby, the holder of a Right Certificate is shall not be entitled to any rights of a shareholder holder of Preferred Shares or other securities of the Company with respect to shares for which the Rights are shall be exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and will shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein.

Appears in 2 contracts

Samples: Rights Agreement (Fleetboston Financial Corp), Rights Agreement (Fleetboston Financial Corp)

Preferred Share Record Date. Each Person person in whose name any certificate for any whole or fractional Preferred Shares Share (or other securities, as the case may be) is issued upon the exercise of Rights will shall for all purposes be considered deemed to have become the holder of record of the such Preferred Shares (or other securities, as the case may be) represented thereby onthereby, and that such certificate will shall be dated, the date upon which the Right Rights Certificate evidencing those such Rights was duly surrendered and payment of the Exercise Purchase Price (and any applicable transfer taxes) was made; howeverPROVIDED, HOWEVER, that if the date of that such surrender and payment is a date upon which the Preferred Share (or other securities, as the case may be) transfer books of the Company are closed, that Person will such person shall be considered deemed to have become the record holder of such shares on, and that certificate will such certificates shall be dated, the next succeeding Business Day on which the Preferred Share such transfer books of the Company for such securities are open, but if delivery of Preferred Shares is delayed pursuant to Section 9(c), that Person will be considered to have become the record holder of those Preferred Shares only when those shares first become deliverable. Prior to the exercise of the Right Rights evidenced thereby, the holder of a Right Rights Certificate is shall not be entitled to any rights of as a shareholder of the Company with respect to shares for which the Rights are may be exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and will shall not be entitled to receive any notice of any proceedings of the Company, Company except as provided herein.

Appears in 1 contract

Samples: Rights Agreement (Garmin LTD)

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Preferred Share Record Date. Each Person person in whose name any certificate for any whole or fractional Preferred Shares Share (or other securities, as the case may be) is issued upon the exercise of Rights will shall for all purposes be considered deemed to have become the holder of record of the such Preferred Shares (or other securities, as the case may be) represented thereby onthereby, and that such certificate will shall be dated, the date upon which the Right Rights Certificate evidencing those such Rights was duly surrendered and payment of the Exercise Purchase Price (and any applicable transfer taxes) was made; provided, -------- however, that if the date of that such surrender and payment is a date upon which the ------- Preferred Share (or other securities, as the case may be) transfer books of the Company are closed, that Person will such person shall be considered deemed to have become the record holder of such shares on, and that certificate will such certificates shall be dated, the next succeeding Business Day business day on which the Preferred Share such transfer books of the Company for such securities are open, but if delivery of Preferred Shares is delayed pursuant to Section 9(c), that Person will be considered to have become the record holder of those Preferred Shares only when those shares first become deliverable. Prior to the exercise of the Right Rights evidenced thereby, the holder of a Right Rights Certificate is shall not be entitled to any rights of as a shareholder of the Company with respect to shares for which the Rights are may be exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and will shall not be entitled to receive any notice of any proceedings of the Company, Company except as provided herein.

Appears in 1 contract

Samples: Rights Agreement (Garmin LTD)

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