Right Issue in relation to Share Sample Clauses

Right Issue in relation to Share. Dealing Clients holding Stock positions will receive rights and can choose to sell the rights or subscribe to new Stocks. If Safecap has not received a response from clients by the reply deadline date, we will if possible, sell the rights on behalf of our clients before they expire. If the rights are non-tradable, they will lapse and become worthless. The proceeds from the sale will be distributed to our clients, less standard commission for the account. The reason for this action is to prevent rights from being worthless when they expire. For rights issues were a temporary line is paid as a result of the subscription, the temporary line will be moved into the ordinary line via a Pari Passu event.
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Related to Right Issue in relation to Share

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  • Authority Relative to Agreement This Redevelopment Agreement has been duly executed and delivered by Redeveloper and constitutes a legal, valid and binding obligation of Redeveloper, enforceable in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditor's rights generally, or by judicial discretion in connection with the application of equitable remedies.

  • Funds that Qualify as Exempt Beneficial Owners The following Entities shall be treated as Non-Reporting Finnish Financial Institutions and as exempt beneficial owners for purposes of sections 1471 and 1472 of the U.S. Internal Revenue Code.

  • Compensation in relation to breach In relation to any breach of this contract, the party in breach shall indemnify the Innocent Party against all Relevant Losses.

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  • SALE BEING SET ASIDE OR CONSENT NOT BEING OBTAINED

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