Registered Warrants Sample Clauses

Registered Warrants. Registered warrants are State “IOUs” or a “promise to pay” with interest when there is not enough cash to meet California or other state payment obligations. These IOUs are issued in place of a regular check or warrant. The Bank policy regarding registered warrants is available at our branch offices, or you may ask your Community Banker. Depending on our policy, the Bank may or may not accept registered warrants for deposit, encashment or otherwise. The Bank reserves the right to change our policy on registered warrants at any time, at our sole discretion, and with or without advance notice. If we do provide notice, it may be by communication to you or by posting notice in our branch lobby offices. The Bank reserves the right to reject individual registered warrants, with or without cause or advance notice, even during a period of time when our general policy is to accept them. As a general matter, the following terms will apply to California registered warrants. (These general terms may, however, be modified by us, including by posting notice of the modified terms in our branch lobby offices.) • If the Bank accepts registered warrants for deposit, it may be for a limited time period, to be established and modified at our discretion. Contact us at 0-000-000-0000 for specific details. During any period of time when we accept registered warrants, the warrants will need to be deposited at a branch location or mailed in for deposit to us. You will not be able to use remote capture, lockbox (or as a general matter any of our correspondent bank branches) to deposit any registered warrants with us. You will need to provide the Bank with the original warrants. Ask us for the delivery options and the address to be used. • If you deliver a registered warrant to the Bank and we accept it, we will provisionally credit your account. You agree we are entitled to all interest on the warrant or any replacement warrant, including interest from the date of the issuance of the warrant. You also agree that the Bank may hold the registered warrant until it matures or is called, and while we seek to validate or revalidate it. You agree to provide reasonable assistance to us. • The Bank may charge back any registered warrant if we are unable to validate (or revalidate) it, or if it is dishonored (regardless of the reason for dishonor) or returned, or we are otherwise unable to obtain payment on it. If there are insufficient funds in your account, we may charge the warrant(s) bac...
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Registered Warrants. The Warrants are issued in registered form. The Company shall be entitled to treat the registered holder of any Warrant as the absolute owner thereof and accordingly shall not, except as ordered by a Court of competent jurisdiction or required by law, be bound to recognise any equitable or other claim to or interest in such Warrant on the part of any other person, whether or not it shall have express or other notice thereof.
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Registered Warrants. If the warrants presented exceed the cash and credit available, then the warrant in excess will register (see A.R.S. 11-635, A.R.S. 11-604.01, and A.R.S. 15-996). The servicing bank must be able to comply with the Arizona law for registered warrants and explain how they are in compliance with the statutes.
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Related to Registered Warrants

  • No Rights as Warrant Securityholder Conferred by Warrants or Warrant Certificates No Warrant Certificate or Warrant evidenced thereby shall entitle the holder thereof to any of the rights of a holder of Warrant Securities, including, without limitation, the right to receive the payment of dividends or distributions, if any, on the Warrant Securities or to exercise any voting rights, except to the extent expressly set forth in this Agreement or the applicable Warrant Certificate.

  • Uncertificated Warrants Notwithstanding anything herein to the contrary, any Warrant, or portion thereof, may be issued as part of, and be represented by, a Unit, and any Warrant may be issued in uncertificated or book-entry form through the Warrant Agent and/or the facilities of The Depository Trust Company (the “Depositary”) or other book-entry depositary system, in each case as determined by the Board of Directors of the Company or by an authorized committee thereof. Any Warrant so issued shall have the same terms, force and effect as a certificated Warrant that has been duly countersigned by the Warrant Agent in accordance with the terms of this Agreement.

  • Stock Warrants Subject to Board approval, Executive shall be granted stock warrants (the "Two Million Warrants") to purchase an aggregate of Two Million (2,000,000) shares of common stock of the Company. The Two Million Warrants are deemed to be of record as of January 1, 2007. The Two Million Warrants shall be granted in accordance with, and subject to the following:

  • Book-Entry Preferred Securities (a) A Global Preferred Security may be exchanged, in whole or in part, for Definitive Preferred Securities Certificates registered in the names of the Owners only if such exchange complies with Section 5.7 and (i) the Depositary advises the Administrative Trustees and the Property Trustee in writing that the Depositary is no longer willing or able properly to discharge its responsibilities with respect to the Global Preferred Security, and no qualified successor is appointed by the Administrative Trustees within ninety (90) days of receipt of such notice, (ii) the Depositary ceases to be a clearing agency registered under the Exchange Act and the Administrative Trustees fail to appoint a qualified successor within ninety (90) days of obtaining knowledge of such event, (iii) the Administrative Trustees at their option advise the Property Trustee in writing that the Trust elects to terminate the book-entry system through the Depositary or (iv) a Note Event of Default has occurred and is continuing. Upon the occurrence of any event specified in clause (i), (ii), (iii) or (iv) above, the Administrative Trustees shall notify the Depositary and instruct the Depositary to notify all Owners of Book-Entry Preferred Securities, the Delaware Trustee and the Property Trustee of the occurrence of such event and of the availability of the Definitive Preferred Securities Certificates to Owners of the Preferred Securities requesting the same. Upon the issuance of Definitive Preferred Securities Certificates, the Trustees shall recognize the Holders of the Definitive Preferred Securities Certificates as Holders. Notwithstanding the foregoing, if an Owner of a beneficial interest in a Global Preferred Security wishes at any time to transfer an interest in such Global Preferred Security to a Person other than a QIB, such transfer shall be effected, subject to the Applicable Depositary Procedures, in accordance with the provisions of this Section 5.6 and Section 5.7, and the transferee shall receive a Definitive Preferred Securities Certificate in connection with such transfer. A holder of a Definitive Preferred Securities Certificate that is a QIB may, upon request, and in accordance with the provisions of this Section 5.6 and Section 5.7, exchange such Definitive Preferred Securities Certificate for a beneficial interest in a Global Preferred Security.

  • Preferred Shares The Preferred Shares have been duly and validly authorized, and, when issued and delivered pursuant to this Agreement, such Preferred Shares will be duly and validly issued and fully paid and non-assessable, will not be issued in violation of any preemptive rights, and will rank pari passu with or senior to all other series or classes of Preferred Stock, whether or not issued or outstanding, with respect to the payment of dividends and the distribution of assets in the event of any dissolution, liquidation or winding up of the Company.

  • Warrant Register; Ownership of Call Warrants The Warrant Agent will keep a register in which the Warrant Agent will provide for the registration of Call Warrants and the registration of transfers of Call Warrants representing numbers of Call Warrants. The Trustee and the Warrant Agent may treat the Person in whose name any Call Warrant is registered on such register as the owner thereof for all purposes, and the Trustee and the Warrant Agent shall not be affected by any notice to the contrary.

  • Registered Shareholders The Trust shall be entitled to recognize the exclusive right of a person registered on its books as the owner of Shares to receive dividends, and to vote as such owner, and to hold liable for calls and assessments a person registered on its books as the owner of Shares, and shall not be bound to recognize any equitable or other claim to or interest in such share or Shares on the part of any other person, whether or not it shall have express or other notice thereof, except as otherwise provided by applicable law or the Declaration of Trust.

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