Common use of TRANSFER OF SHARES TO SUCCESSOR TRUSTEES Clause in Contracts

TRANSFER OF SHARES TO SUCCESSOR TRUSTEES. Notwithstanding any changes in the identity of the Trustees, the certificates for shares standing in the name of the Trustees may be endorsed and transferred by any successor Trustee or Trustees with the same effect as if endorsed and transferred by the Trustees who have ceased to act. The Trustees are authorized and empowered to cause any further transfer of the shares that may be necessary because of any change in persons holding the office of Trustee.

Appears in 2 contracts

Samples: Voting Trust Agreement (Boots & Coots International Well Control Inc), Voting Trust Agreement (Boots & Coots International Well Control Inc)

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TRANSFER OF SHARES TO SUCCESSOR TRUSTEES. Notwithstanding any changes in the identity of the TrusteesTrustee, the certificates certificate(s) for shares Shares standing in the name of the Trustees Trustee may be endorsed and transferred by any successor Trustee or Trustees with the same effect as if endorsed and transferred by the Trustees Trustee who have has ceased to act. The Trustees are Trustee is authorized and empowered to cause any further transfer of the shares Shares that may be necessary because of any change in of persons holding the office of Trustee.

Appears in 2 contracts

Samples: Voting Trust Agreement (Autocorp Equities Inc), Voting Trust Agreement (Autocorp Equities Inc)

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TRANSFER OF SHARES TO SUCCESSOR TRUSTEES. Notwithstanding any changes in the identity of the TrusteesTrustee, the certificates Certificates for shares Common Stock standing in the name of the Trustees Trustee may be endorsed and transferred by any successor Trustee or Trustees with the same effect as if endorsed and transferred by the Trustees Trustee who have has ceased to act. The Trustees are Trustee is authorized and empowered to cause any further transfer of the shares Common Stock that may be necessary because of any change in of persons holding the office of Trustee.

Appears in 1 contract

Samples: Exchange Trust Agreement (Autocorp Equities Inc)

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