Common use of Subscription Rights Clause in Contracts

Subscription Rights. If any stock or other securities of the Company are offered for subscription to the holders of its capital stock deposited hereunder, the Trustee, promptly upon receipt of notice of such offer, shall mail a copy thereof to each holder of the Trust Interests. Upon receipt by the Trustee, at least five days prior to the last day fixed by the Company for subscription and payment, of a request from any such registered holder of Trust Interests to subscribe in his behalf, accompanied with the sum of money required to pay for such stock or securities (not in excess of the amount subject to subscription in respect of the shares represented by the Trust Interest held by such certificate holder), the Trustee shall make such subscription and payment. Upon receiving from the Company the certificates for shares or securities so subscribed for, the Trustee shall issue to such holder a Trust Interest in respect thereof if the shares or securities received have general voting powers. If, however, the shares or securities do not have general voting powers, the Trustee shall mail or deliver such securities to the certificate holder in whose behalf the subscription was made, or may instruct the Company to make delivery directly to the certificate holder entitled thereto.

Appears in 6 contracts

Samples: Trust Agreement (Onsource Corp), Trust Agreement (Global Casinos Inc), Trust Agreement (Basic Technologies Inc)

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Subscription Rights. If any stock or other securities of the Company are offered for subscription to the holders of its capital stock deposited hereunder, the Trustee, promptly upon receipt of notice of such offer, shall mail a copy thereof to each holder of the Trust Interestsvoting trust certificates. Upon receipt by the Trustee, at least five days prior to the last day fixed by the Company for subscription and payment, of a request from any such registered holder of Trust Interests voting trust certificates to subscribe in his behalf, accompanied with the sum of money required to pay for such stock or securities (not in excess of the amount subject to subscription in respect of the shares represented by the Trust Interest voting trust certificate held by such certificate holder), the Trustee shall make such subscription and payment. Upon receiving from the Company the certificates for shares or securities so subscribed for, the Trustee shall issue to such holder a Trust Interest voting trust certificate in respect thereof if the shares or securities received have general voting powers. If, however, the shares or securities do not have general voting powers, the Trustee shall mail or deliver such securities to the certificate holder in whose behalf the subscription was made, or may instruct the Company to make delivery directly to the certificate holder entitled thereto.

Appears in 2 contracts

Samples: Voting Trust Agreement, Voting Trust Agreement (Sunderland Acquisition Corp)

Subscription Rights. If In case any stock or other securities of the Company are offered for subscription to the holders of its capital stock deposited hereunderCommon Stock, the Trustee, promptly upon receipt of notice of such offer, shall mail a copy thereof to each holder of the holders of the Voting Trust InterestsCertificates. Upon receipt by the Trustee, Trustee at least five (5) days prior to the last day fixed by the Company for subscription and payment, of a request from any such registered holder of Voting Trust Interests Certificates to subscribe in his behalf, accompanied with the sum of money required to pay for such stock or securities (not in excess of the amount subject to subscription in respect of the shares Common Stock represented by the Trust Interest voting trust certificate held by such certificate holder), the Trustee shall make such subscription and payment. Upon , and upon receiving from the Company the certificates for shares or securities so subscribed for, the Trustee shall issue to such holder a Trust Interest voting trust certificate in respect thereof if the same be stock having general voting powers (and in such case, such shares or securities received have general voting powers. Ifshall be Common Stock hereunder), however, but if the shares or same be securities do not have other than stock having general voting powers, the Trustee shall mail or deliver such securities to the certificate holder in whose behalf the subscription was made, or may instruct the Company to make delivery directly to the certificate holder entitled thereto.

Appears in 2 contracts

Samples: Voting Trust Agreement (HBT Financial, Inc.), Voting Trust Agreement

Subscription Rights. If In case any stock or other securities of the Company are offered for subscription to the holders of its capital stock deposited hereunderStockholders, the Trustee, promptly upon following receipt of notice of such offer, shall mail a copy thereof to each holder of the registered holders of the Voting Trust InterestsCertificates. Upon receipt by the Trustee, at least five (5) days prior to the last day fixed by the Company for subscription and payment, of a request from any such registered holder of Voting Trust Interests Certificates to subscribe in his behalf, accompanied with the sum of money required to pay for such stock or securities (not in excess of the amount subject to subscription in respect of the shares represented by the Voting Trust Interest Certificate held by such certificate holder), the Trustee shall make such subscription and payment. Upon payment and, upon receiving from the Company the certificates for shares or securities so subscribed for, the Trustee shall issue to such registered holder a Voting Trust Interest Certificate in respect thereof if the shares or securities received have same be stock having general voting powers. If, however, but if the shares or same be securities do not have other than stock having general voting powers, the Trustee shall either mail or deliver such securities to the certificate holder in whose behalf the subscription was made, made or may instruct the Company to make delivery directly to the certificate holder entitled thereto.

Appears in 1 contract

Samples: Exhibit 9 Voting Trust Agreement (Compuflight Inc)

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Subscription Rights. If In case any stock or other securities of the Company are offered for subscription to the holders of its capital stock of Company deposited hereunder, the Trusteethrough options, rights or otherwise, promptly upon receipt of notice of such offer, the Trustee shall mail a copy thereof to each holder of the Trust InterestsHolders. Upon receipt by the Trustee, at least five days prior to the last day fixed by the Company for subscription and payment, of a request from any such registered holder of Trust Interests Holder to subscribe in his such Holder's behalf, accompanied with by the sum of money required to pay for such capital stock or securities (not in excess of the amount subject to subscription in respect of to the shares Shares represented by the Voting Trust Interest Certificate held by such certificate holderHolder), the Trustee shall make such subscription and payment. Upon payment on behalf of the Holder, and upon receiving from the Company the certificates for shares Shares or securities so subscribed for, the Trustee shall issue to such holder Holder a Voting Trust Interest Certificate in respect thereof if the shares or same be stock having unconditional voting rights, but if the same be securities received have general other than stock having such voting powers. If, however, the shares or securities do not have general voting powersrights, the Trustee shall mail or deliver such securities to the certificate holder Holder in whose behalf the subscription was made, or may instruct the Company to make delivery directly to the certificate holder Holder entitled thereto.

Appears in 1 contract

Samples: Voting Trust Agreement (SOS Hydration Inc.)

Subscription Rights. If any stock or other securities of the Company are offered for subscription to the holders of its capital stock deposited hereunder, the Trustee, promptly upon receipt of notice of such offer, shall mail a copy thereof to each holder of the Trust Interests. , Upon receipt by the Trustee, at least five days prior to the last day fixed by the Company for subscription and payment, of a request from any such registered holder of Trust Interests to subscribe in his behalf, accompanied with the sum of money required to pay for such stock or securities (not in excess of the amount subject to subscription in respect of the shares represented by the Trust Interest held by such certificate holder), the Trustee shall make such subscription and payment. Upon Upon, receiving from the Company the certificates for shares or securities so subscribed for, the Trustee shall issue to such holder a Trust Interest in respect thereof if the shares or securities received have general voting powers. If, however, the shares or securities do not have general voting powers, the Trustee shall mail or deliver such securities to the certificate holder in whose behalf the subscription was made, or may instruct the Company to make delivery directly to the certificate holder entitled thereto.

Appears in 1 contract

Samples: Trust Agreement (Transit Management Holding Corp)

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