Common use of Right Certificate Holder Not Deemed a Shareholder Clause in Contracts

Right Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Right Certificate shall be entitled to vote, receive dividends or be deemed for any purpose the holder of the Common Shares, or any other securities of the Company which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Right Certificate be construed to confer upon the holder of any Right Certificate, as such, any of the rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting shareholders 25 - RIGHTS AGREEMENT (except as provided in Section 25), or to receive dividends, distributions, subscription rights, or to exercise preemptive or subscription rights or to institute, as a holder of Common Shares, or other securities issuable on exercise of the Rights represented by any Right Certificate, any derivative action on behalf of the Company, or otherwise, until and only to the extent the Right or Rights evidenced by such Right Certificate shall have been exercised in accordance with the provisions of this Rights Agreement.

Appears in 4 contracts

Samples: Rights Agreement (Oregon Metallurgical Corp), Rights Agreement (Oregon Metallurgical Corp), Rights Agreement (Oregon Metallurgical Corp)

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Right Certificate Holder Not Deemed a Shareholder. No holderholder of any Right Certificate, as such, of any Right Certificate shall be entitled to vote, receive dividends or be deemed for any purpose the holder of the Common Shares, Preferred Shares or any other securities of the Company which may at any time be issuable on upon the exercise of the Rights represented thereby, nor shall anything contained herein or in any Right Certificate be construed to confer upon the holder of any Right Certificate, as such, any of the rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting shareholders 25 - RIGHTS AGREEMENT (except as provided in Section 2524 hereof), or to receive dividends, distributions, dividends or subscription rights, or to exercise preemptive or subscription rights or to institute, as a holder of Common Shares, or other securities issuable on exercise of the Rights represented by any Right Certificate, any derivative action on behalf of the Company, or otherwise, until and only to the extent the Right or Rights evidenced by such Right Certificate shall have been exercised in accordance with the provisions hereof or exchanged pursuant to the provisions of this Rights AgreementSection 11.(o) hereof.

Appears in 1 contract

Samples: Rights Agreement (Lamson & Sessions Co)

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Right Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Right Certificate shall be entitled to vote, receive dividends or be deemed for any purpose the holder of the Common Shares, Preferred Shares or any other securities of the Company which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Right Certificate be construed to confer upon the holder of any Right Certificate, as such, any of the rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting shareholders 25 - RIGHTS AGREEMENT (except as provided in Section 2525 hereof), or to receive dividends, distributions, dividends or subscription rights, or to exercise preemptive or subscription rights or to institute, as a holder of Common Shares, or other securities issuable on exercise of the Rights represented by any Right Certificate, any derivative action on behalf of the Company, or otherwise, until and only to the extent the Right or Rights evidenced by such Right Certificate shall have been exercised in accordance with the provisions hereof and thereafter such holder, as the holder of this Rights AgreementCommon Shares or Preferred Shares, as the case may be, shall have all the rights accorded to holders of such shares.

Appears in 1 contract

Samples: Rights Agreement (Bell Industries Inc /New/)

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