Common use of Surrender of Certificates; Payment Clause in Contracts

Surrender of Certificates; Payment. On or before the Redemption Date, each holder of shares of Class B Common Stock to be redeemed on such Redemption Date, shall surrender the certificate or certificates representing such shares (or, if such registered holder alleges that such certificate has been lost, stolen or destroyed, a lost certificate affidavit and agreement reasonably acceptable to the Company (including a bond if required by the Company’s transfer agent) to indemnify the Company against any claim that may be made against the Company on account of the alleged loss, theft or destruction of such certificate) to the Company, in the manner and at the place designated in the Redemption Notice and thereupon the Redemption Price for such shares shall be payable to the order of the Person whose name appears on such certificate or certificates as the owner thereof. Prior to the Redemption Date, the Principal Stockholder shall not transfer any shares of Class B Common Stock to any Person other than the owners of Shareholder and Shareholder’s Affiliates without the prior consent of the Board of Directors, not to be unreasonably withheld.

Appears in 3 contracts

Samples: Shareholder Agreement (ENDI Corp.), Stockholder Agreement (Enterprise Diversified, Inc.), Shareholder Agreement (Enterprise Diversified, Inc.)

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Surrender of Certificates; Payment. On or before the applicable Redemption Date, each holder of shares of Class B P Common Stock to be redeemed on such Redemption DateDate shall, shall if a holder of shares in certificated form, surrender the certificate or certificates representing such shares (or, if such registered holder alleges that such certificate has been lost, stolen or destroyed, a lost certificate affidavit and agreement reasonably acceptable to the Company (including a bond if required by the Company’s transfer agent) to indemnify the Company against any claim that may be made against the Company on account of the alleged loss, theft or destruction of such certificate) to the Company, in the manner and at the place designated in the Redemption Notice Notice, and thereupon the Redemption Price applicable redemption price for such shares shall be payable to the order of the Person person whose name appears on such certificate or certificates as the owner thereof. Prior to In the Redemption Date, event less than all of the Principal Stockholder shall not transfer any shares of Class B P Common Stock represented by a certificate are redeemed, a new certificate, instrument or book entry representing the unredeemed shares of Class P Common Stock shall promptly be issued to any Person other than the owners of Shareholder and Shareholder’s Affiliates without the prior consent of the Board of Directors, not to be unreasonably withheldsuch holder.

Appears in 2 contracts

Samples: Stockholders' Agreement (Carolina Complete Health Network, Inc.), Stockholders' Agreement (Carolina Complete Health Network, Inc.)

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Surrender of Certificates; Payment. On or before the applicable Redemption Date, each holder of shares of Class B Common Stock Milestone Shares to be redeemed on such Redemption DateDate shall, shall if a holder of shares in certificated form, surrender the certificate or certificates representing such shares (or, if such registered holder alleges that such certificate has been lost, stolen or destroyed, a lost certificate affidavit and agreement reasonably acceptable to the Company (including a bond if required by the Company’s transfer agent) Purchaser to indemnify the Company Purchaser against any claim that may be made against the Company Purchaser on account of the alleged loss, theft or destruction of such certificate) to the CompanyPurchaser, in the manner and at the place designated in the Redemption Notice by Purchaser, and thereupon the Redemption Price for such shares shall be payable to the order of the Person person whose name appears on such certificate or certificates as the owner thereof. Prior to In the Redemption Date, the Principal Stockholder shall not transfer any shares of Class B Common Stock to any Person other event less than the owners of Shareholder and Shareholder’s Affiliates without the prior consent all of the Board of DirectorsMilestone Shares represented by a certificate are redeemed, not a new certificate, instrument, or book entry representing the unredeemed Milestone Shares shall promptly be issued to be unreasonably withheldsuch holder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Biodesix Inc)

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