Common use of Preferred Stock Record Date Clause in Contracts

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

Appears in 14 contracts

Samples: Shareholder Rights Agreement (Massbank Corp), Shareholder Rights Agreement (Burnham Pacific Properties Inc), Shareholder Rights Agreement (Bradlees Inc)

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Preferred Stock Record Date. Each Person in whose name any certificate for shares of Preferred Stock (including any fraction of a share of Preferred Stockor Common Stock and/or other securities) is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the such shares of Preferred Stock (or Common Stock and/or other securities) represented thereby on, and such certificate shall be dated, the date upon which the Right Rights Certificate evidencing such Rights was duly surrendered and payment of the Exercise Price (and any all applicable transfer taxes) was made; PROVIDEDprovided, HOWEVERhowever, that if the date of such surrender and payment is a date upon which the Preferred Stock applicable transfer books of the Company are closed, such person Person shall be deemed to have become the record holder of such shares securities (fractional or otherwise) on, and such certificate shall be dated, the next succeeding Business Day on which the Preferred Stock applicable transfer books of the Company are open; and further PROVIDEDprovided, HOWEVERfurther, that if delivery of shares a number of one one-thousandths of a share of Preferred Stock (or Common Stock and/or other securities) is delayed pursuant to Section 9(c), such Person Persons shall be deemed to have become the record holder holders of such number of one one-thousandths of a share of Preferred Stock (or Common Stock and/or other securities) only when such shares of Preferred Stock only when such shares (or Common Stock and/or other securities) first become deliverable. Prior to the exercise of the Right Rights evidenced thereby, the holder of a Right Rights Certificate shall not be entitled to any rights of a shareholder stockholder of the Company with respect to shares or other securities for which the Rights shall be are exercisable, including, without limitation, including the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein.

Appears in 11 contracts

Samples: Stockholder Rights Agreement (Galera Therapeutics, Inc.), Stockholder Rights Agreement (Veradigm Inc.), Stockholder Rights Agreement (Veradigm Inc.)

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

Appears in 11 contracts

Samples: Rights Agreement (Amsurg Corp), Rights Agreement (Forward Air Corp), Rights Agreement (Service Merchandise Co Inc)

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

Appears in 9 contracts

Samples: Rights Agreement (Communications Systems Inc), Rights Agreement (Community First Bankshares Inc), Rights Agreement (Premiumwear Inc)

Preferred Stock Record Date. Each Person person in whose name any certificate for Units of Preferred Stock (including any fraction or, following the occurrence of a share of Preferred StockTriggering Event, other securities) is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the shares Units of Preferred Stock (or, following the occurrence of a Triggering Event, other securities) represented thereby on, and such certificate shall be dated, the date upon which the Right Rights Certificate evidencing such Rights was duly surrendered and payment of the Exercise Purchase Price (and any applicable transfer taxes) was made; PROVIDEDprovided, HOWEVERhowever, that if the date of such surrender and payment is a date upon which the Preferred Stock (or, following the occurrence of a Triggering Event, other securities) transfer books of the Company are closed, such person shall be deemed to have become the record holder of such shares on, and such certificate shall be dated, the next succeeding Business Day on which the Preferred Stock transfer books of the Company are open; and further PROVIDEDprovided further, HOWEVERhowever, that if delivery of shares Units of Preferred Stock is delayed pursuant to Section 9(c), such Person Persons shall be deemed to have become the record holder holders of such shares Units of Preferred Stock only when such shares Units first become deliverable. Prior to the exercise of the Right Rights evidenced thereby, the holder of a Right Rights Certificate shall not be entitled to any rights of a shareholder stockholder of the Company with respect to shares securities for which the Rights shall be exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein. Prior to the exercise of the Rights evidenced thereby, the holder of a Rights Certificate shall not be entitled to any rights of a holder of a Unit of Preferred Stock for which the Rights shall be exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein.

Appears in 8 contracts

Samples: Rights Agreement (Advanced Fibre Communications Inc), Rights Agreement (Starmedia Network Inc), Rights Agreement (Atl Products Inc)

Preferred Stock Record Date. Each Person in whose name any certificate for Preferred Stock Units (including any fraction or, following the occurrence of a share Triggering Event, other securities that may be delivered upon exercise of Preferred StockRights) is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the shares Units (or, following the occurrence of Preferred Stock a Triggering Event other securities that may be delivered upon the exercise of the Rights) represented thereby on, and such certificate shall be dated, at the Close of Business on the date upon which the Right Rights Certificate evidencing such Rights was duly surrendered and payment of the Exercise Purchase Price (and any applicable transfer taxestaxes or charges) was made; PROVIDEDprovided, HOWEVERhowever, that if the date of such surrender and payment is a date upon which the Preferred Stock (or, following the occurrence of a Triggering Event, other securities that may be delivered upon the exercise of the Rights) transfer books of the Company are closed, such person shall be deemed to have become the record holder of such shares at the Close of Business on, and such certificate shall be dated, the next succeeding Business Day on which the Preferred Stock such transfer books of the Company are open; and further PROVIDEDprovided further, HOWEVERhowever, that if delivery of shares Units (or following the occurrence of Preferred Stock a Triggering Event, other securities that may be delivered upon the exercise of the Rights) is delayed pursuant to Section 9(c), such Person Persons shall be deemed to have become the record holder holders of such shares Units (or following the occurrence of Preferred Stock a Triggering Event, other securities that may be delivered upon the exercise of the Rights) only when such shares Units first become deliverable. Prior to the exercise of the Right Rights evidenced thereby, the holder of a Right Rights Certificate shall not be entitled to any rights of a shareholder stockholder of the Company with respect to shares securities for which the Rights shall be exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as expressly provided hereinin this Agreement.

Appears in 7 contracts

Samples: Rights Agreement (Crossroads Systems Inc), Rights Agreement (Valueclick Inc/Ca), Rights Agreement (Image Entertainment Inc)

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

Appears in 5 contracts

Samples: Shareholder Rights Agreement (Circor International Inc), Shareholder Rights Agreement (Cypress Communications Inc), Shareholder Rights Agreement (Mac-Gray Corp)

Preferred Stock Record Date. Each Person in whose name any certificate for Preferred Stock (including any fraction of a share of Preferred Stock) is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the shares of Preferred Stock represented thereby on, and such certificate shall be dated, the date upon which the Right Certificate evidencing such Rights was duly surrendered and payment of the Exercise Price (and any applicable transfer taxes) was made; PROVIDEDprovided, HOWEVERhowever, that if the date of such surrender and payment is a date upon which the Preferred Stock transfer books of the Company are closed, such person shall be deemed to have become the record holder of such shares on, and such certificate shall be dated, the next succeeding Business Day on which the Preferred Stock transfer books of the Company are open; and further PROVIDEDprovided, HOWEVERhowever, that if delivery of shares of Preferred Stock is delayed pursuant to Section 9(c)9.3, such Person shall be deemed to have become the record holder of such shares of Preferred Stock only when such shares first become deliverable. Prior to the exercise of the Right evidenced thereby, the holder of a Right Certificate shall not be entitled to any rights of a shareholder of the Company with respect to shares for which the Rights shall be exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein.

Appears in 3 contracts

Samples: Shareholders' Rights Agreement (Tweeter Home Entertainment Group Inc), Shareholders' Rights Agreement (Tweeter Home Entertainment Group Inc), Shareholders' Rights Agreement (Tweeter Home Entertainment Group Inc)

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

Appears in 3 contracts

Samples: Shareholder Rights Agreement (Bay Apartment Communities Inc), Shareholder Rights Agreement (Interstate Hotels Corp), Shareholder Rights Agreement (Interstate Hotels Co)

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

Appears in 2 contracts

Samples: Shareholder Rights Agreement (Andover Bancorp Inc), Shareholder Rights Agreement (Warren Bancorp Inc)

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

Appears in 1 contract

Samples: Shareholder Rights Agreement (Albany Molecular Research Inc)

Preferred Stock Record Date. Each Person in whose name any certificate for Preferred Stock (including any fraction of a share of Preferred Stockor Common Stock and/or other securities) is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the such shares of Preferred Stock (or Common Stock and/or other securities) represented thereby on, and such certificate shall be dated, the date upon which the Right Rights Certificate evidencing such Rights was duly surrendered and payment of the Exercise Price (and any all applicable transfer taxes) was made; PROVIDEDprovided, HOWEVERhowever, that if the date of such surrender and payment is a date upon which the Preferred Stock applicable transfer books of the Company are closed, such person Person shall be deemed to have become the record holder of such shares securities (fractional or otherwise) on, and such certificate shall be dated, the next succeeding Business Day on which the Preferred Stock applicable transfer books of the Company are open; and further PROVIDEDprovided, HOWEVERfurther, that if delivery of shares a number of one one-thousandths of a share of Preferred Stock is delayed pursuant to Section 9(c), such Person Persons shall be deemed to have become the record holder holders of such shares number of one one-thousandths of a share of Preferred Stock only when such shares of Preferred Stock first become deliverable. Prior to the exercise of the Right Rights evidenced thereby, the holder of a Right Rights Certificate shall not be entitled to any rights of a shareholder stockholder of the Company with respect to shares or other securities for which the Rights shall be are exercisable, including, without limitation, including the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein.

Appears in 1 contract

Samples: Stockholder Rights Agreement (Patterson Uti Energy Inc)

Preferred Stock Record Date. Each Person in whose name any certificate for shares of Preferred Stock (including any fraction of a share of Preferred Stock) is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the shares of Preferred Stock represented thereby on, and such certificate shall be dated, the date upon which the Right Certificate evidencing such Rights was duly surrendered and payment of the Exercise Purchase Price (and any applicable transfer taxestaxes or charges) was mademade in accordance with Section 7; PROVIDED, HOWEVER, that if the date of such surrender and payment is a date upon which the Preferred Stock transfer books of the Company are closed, such person Person shall be deemed to have become the record holder of such shares on, and such certificate shall be dated, the next succeeding Business Day on which the Preferred Stock transfer books of the Company are open; and further PROVIDED, HOWEVER, that if delivery of shares of Preferred Stock is delayed pursuant to Section 9(c), such Person shall be deemed to have become the record holder of such shares of Preferred Stock only when such shares first become deliverable. Prior to the exercise of the Right Rights evidenced thereby, the holder of a Right Certificate shall not be entitled to any rights of a shareholder stockholder of the Company with respect to shares for which the Rights shall be exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein.

Appears in 1 contract

Samples: Rights Agreement (New Nisource Inc)

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

Appears in 1 contract

Samples: Temporary Bank Charter Protection Agreement (LendingClub Corp)

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

Appears in 1 contract

Samples: Shareholder Rights Agreement (Boston Properties Inc)

Preferred Stock Record Date. Each Person in whose name any certificate or entry in the Book Entry account system of the transfer agent for the Preferred Stock (including any fraction of a share of Preferred Stock) is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the shares of Preferred Stock (or other securities of the Company) represented thereby on, and such certificate shall be dated, the date upon which the Right Certificate evidencing such Rights was duly surrendered and payment of the Exercise Purchase Price (and any applicable transfer taxes) was made; PROVIDEDprovided, HOWEVERhowever, that if the date of such surrender and payment is a date upon which the Preferred Stock transfer books of the Company are closed, such person Person shall be deemed to have become the record holder of such shares on, and such certificate shall be dated, the next succeeding Business Day on which the Preferred Stock transfer books of the Company are open; and further PROVIDEDprovided, HOWEVERfurther, that if delivery of shares of Preferred Stock is delayed pursuant to Section 9(c)) hereof, such Person Persons shall be deemed to have become the record holder holders of such shares of Preferred Stock only when such shares Preferred Stock first become deliverable. Prior to the exercise of the Right Rights evidenced thereby, the holder of a Right Certificate shall not be entitled to any rights of a shareholder holder of the Company with respect to shares Preferred Stock for which the Rights shall be exercisable, including, without limitation, the right to vote, vote or to receive dividends or other distributions or to exercise any preemptive rightsdistributions, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein.

Appears in 1 contract

Samples: Rights Agreement (Asta Funding Inc)

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