Procedure for Surrender of Rights. Rights may be surrendered to the Rights Agent, together with a written request for exchange or transfer, and thereupon the Rights Agent shall issue in exchange therefor one or more new Rights as requested by the registered holder of the Rights so surrendered, representing an equal aggregate number of Rights; provided, however, that in the event that a Right surrendered for transfer bears a restrictive legend and the new Rights to be issued will not bear a restrictive legend, the Rights Agent shall not cancel such Right and issue new Rights in exchange therefor until the Rights Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating no restrictive legend is required.
Appears in 107 contracts
Samples: Rights Agreement (Future Vision II Acquisition Corp.), Rights Agreement (Future Vision II Acquisition Corp.), Rights Agreement (Future Vision II Acquisition Corp.)
Procedure for Surrender of Rights. Rights may be surrendered to the Rights Agent, together with a written request for exchange or transfer, and thereupon the Rights Agent shall issue in exchange therefor one or more new Rights as requested by the registered holder Registered Holder of the Rights so surrendered, representing an equal aggregate number of Rights; provided, however, that in the event that a Right surrendered for transfer bears a restrictive legend and the new Rights to be issued will not bear a restrictive legend, the Rights Agent shall not cancel such Right and issue new Rights in exchange therefor until the Rights Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating no restrictive legend is required.
Appears in 12 contracts
Samples: Rights Agreement (Spring Valley Acquisition Corp. II), Form of Rights Agreement (GSR II Meteora Acquisition Corp.), Form of Rights Agreement (GSR II Meteora Acquisition Corp.)
Procedure for Surrender of Rights. Rights may be surrendered to the Rights Agent, together with a written request for exchange or transfer, and thereupon the Rights Agent shall issue in exchange therefor one or more new Rights as requested by the registered holder of the Rights so surrendered, representing an equal aggregate number of Rights; provided, however, that in the event that a Right surrendered for transfer bears a restrictive legend (as in the case of the Private Placement Rights and the new Rights to be issued will not bear a restrictive legendWorking Capital Rights), the Rights Agent shall not cancel such Right and issue new Rights in exchange therefor until the Rights Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating no whether the new Rights must also bear a restrictive legend is requiredlegend.
Appears in 5 contracts
Samples: Rights Agreement (Jupiter Wellness Acquisition Corp.), Rights Agreement (Deep Medicine Acquisition Corp.), Rights Agreement (Jupiter Wellness Acquisition Corp.)
Procedure for Surrender of Rights. Rights may be surrendered to the Rights Agent, together with a written request for exchange or transfer, and thereupon the Rights Agent shall issue in exchange therefor one or more new Rights as requested by the registered holder Registered Holder of the Rights so surrendered, representing an equal aggregate number of Rights; provided, however, that in the event that a Right surrendered for transfer bears a restrictive legend and the new Rights to be issued will not bear a restrictive legend, the Rights Agent shall not cancel such Right and issue new Rights in exchange therefor until the Rights Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating no restrictive legend is requiredrequired for the new Rights.
Appears in 2 contracts
Samples: Rights Agreement (Clean Earth Acquisitions Corp.), Rights Agreement (Clean Earth Acquisitions Corp.)
