Common use of Record Date of Shares Clause in Contracts

Record Date of Shares. Irrespective of the date of issue and delivery of certificates for any Common Stock issuable upon the exercise of Warrants, each person in whose name any such certificate is issued shall be deemed to have become the holder of record of the shares represented thereby on the date on which the Warrant Certificate surrendered in connection with the subscription therefor was surrendered and payment of the Purchase Price was tendered. No surrender of Warrant Certificates on any date when the stock transfer books of the Company are closed, however, shall be effective to constitute the person or persons entitled to receive shares upon such surrender as the record holder of such shares on such date, but such person or persons shall be constituted the record holder or holders of such shares at the close of business on the next succeeding date on which the stock transfer books are opened. Except as otherwise provided in Section 3.2, each person holding any shares received upon exercise of Warrants shall be entitled to receive only dividends or distributions payable to holders of record on or after the date on which such person shall be deemed to have become the holder of record of such shares.

Record Date of Shares. Irrespective of the date of issue and delivery of certificates for any Common Stock issuable upon the exercise of Warrants, each person in whose name any such certificate is issued shall be deemed to have become the holder of record of the shares represented thereby on the date on which the Warrant Certificate surrendered in connection with the subscription therefor was surrendered and payment of the Purchase Price was tendered. No surrender of Warrant Certificates on any date when the stock transfer books of the Company are closed, however, shall be effective to constitute the person or persons entitled to receive shares upon such surrender as the record holder of such shares on such date, but such person or persons shall be constituted the record holder or holders of such shares at the close of business on the next succeeding date on which the stock transfer books are opened. Except as otherwise provided in Section 3.23.04, each person holding any shares received upon exercise of Warrants shall be entitled to receive only dividends or distributions payable to holders of record on or after the date on which such person shall be deemed to have become the holder of record of such shares.

Record Date of Shares. Irrespective of the date of issue and delivery of certificates for any Common Stock issuable upon the exercise of Warrants, each person in whose name any such certificate is issued shall be deemed to have become the holder of record of the shares represented thereby on the date on which the Warrant Certificate surrendered in connection with the subscription therefor was surrendered and payment of the Purchase Price was tenderedsurrendered. No surrender of Warrant Certificates on any date when the stock transfer books of the Company are closed, however, shall be effective to constitute the person or persons entitled to receive shares upon such surrender as the record holder of such shares on such date, but such person or persons shall be constituted the record holder or holders of such shares at the close of business on the next succeeding date on which the stock transfer books are opened. Except as otherwise provided in Section 3.23.4, each person holding any shares received upon exercise of Warrants shall be entitled to receive only dividends or distributions payable to holders of record on or after the date on which such person shall be deemed to have become the holder of record of such shares.