Trust Certificates. The Trustee hereby acknowledges receipt, on or prior to the Closing Date, of:
(a) the Underlying Securities set forth on Schedule I hereto; and
(b) all documents required to be delivered to the Trustee pursuant to Section 2.01 of the Standard Terms.
Trust Certificates. The Owner Trustee, on behalf of the Trust, shall execute, authenticate and deliver, the initial Trust Certificate.
Trust Certificates. The pro rata interest of each Shareholder in and to the Founders Shares held by the Trustee hereunder ("Trust Interest") may but need not be evidenced by a Trust Certificate. Unless requested to do so in writing, the Trustee shall be under no affirmative duty or obligation to issue or deliver to any Shareholder a Trust Certificate evidencing the interest of such Shareholder under this Agreement. If requested to do so in writing, the Trustee shall cause to be prepared and delivered to a Shareholder a Trust Certificate in the form provided for herein. The Trust Certificates shall be in the following form: No. ____________ __________________ Shares This certifies that ______________________ or registered assigns is entitled to all the benefits arising from the deposit with the Trustee under the Trust Agreement hereinafter mentioned, of certificates for ________ shares of the capital stock of Founders Industries, Inc., a Nevada corporation (the "Company"), as provided in such Trust Agreement and subject to the terms thereof. The registered holder hereof, or assigns, is entitled to receive payment equal to the amount of cash dividends, if any, received by the Trustee upon the number of shares of capital stock of the Company in respect of which this certificate is issued. Dividends received by the Trustee in the Company's common or other stock having general voting powers shall be payable in Trust Certificates, in form similar hereto. Until the Trustee has delivered the stock held under such Trust Agreement to the holders of the trust certificates, or to the Company, as specified in such Trust Agreement, the holder hereof shall possess and be entitled to exercise all rights and powers of an absolute owner of such stock, including the right to vote thereon for every purpose, and to execute consents in respect thereof for every purpose, it being expressly stipulated that no voting right passes to the Trustee, or his assigns, under this certificate or any agreement, expressed or implied. This certificate is issued, received, and held under, and the rights of the owner hereof are subject to, the terms of a Trust Agreement dated as of June 15, 2002, by and between Basic Technologies, Inc. and Xxxxx X. Xxxxxx, as Trustee, and his successors in trust, and various holders of similar certificates. The holder of this certificate, by acceptance hereof, assents and is bound to all the provisions of the Trust Agreement as if he/it had signed it in person. In the event of the...
Trust Certificates. Except in connection with any transaction permitted by Regulation RR and Section 5.02 and as provided in the Indenture and the Trust Agreement, the Depositor agrees not to transfer, sell, assign, exchange, participate or otherwise convey or pledge, hypothecate or otherwise grant a security interest in the Trust Certificates held by the Depositor, and any such attempted transfer, assignment, exchange, conveyance, pledge, hypothecation, grant or sale shall be void.
Trust Certificates. The Shareholder, simultaneously with the execution of this Agreement, shall deliver his share certificates to the Trustee. New share certificates shall be issued in the name of the Trustee. The new share certificates shall state that they are issued pursuant to this Agreement. That fact shall also be noted in the Company's stock transfer records in the entry of the Trustee's ownership of the shares. The Trustee shall issue and deliver to the Shareholder, or to its nominee, certificates for the Shareholder's Shares and any other shares hereafter transferred by the Shareholder hereunder to the Trustee in form substantially as follows: No.
Trust Certificates. The Depositor hereby represents and warrants to the Owner Trustee that such Depositor is acquiring its Trust Certificate under this Agreement for its own account as principal and not with a view to the distribution thereof in whole or in part.
Trust Certificates. At the time of deposit of (or issuance to) the stock certificates with the Trustee, the Shareholder shall transfer to the Trustees by proper endorsement his full legal title to all Stock owned by him, and the Trustee shall be vested with all of the rights and powers of the owner of the Stock, with the full rights and powers of the owner, of whatever nature necessary to enable the Trustee to exercise the powers granted to the Trustee under this Agreement. The Trustee shall issue to the Shareholder Voting Trust Certificates ("Trust Certificates"), in substantially the form attached to this Agreement as Exhibit A, for all Stock transferred to the Trustee.
Trust Certificates. Following the deposit by the Shareholder of the certificate or certificates representing their respective Shares with the Trustee, the Trustee shall issue and deliver a Certificate to the Shareholder representing his beneficial ownership of the Shares (a "Certificate"), in substantially the form attached to this Agreement as Exhibit A.
Trust Certificates. 7 SECTION 5. DISTRIBUTIONS................................................8 SECTION 6. TRUSTEE'S FEES..............................................10 SECTION 7. OPTIONAL EXCHANGE; OPTIONAL REDEMPTION......................10
Trust Certificates. Except as expressly provided herein, any written notice of the Owners delivered pursuant to this Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority of the Percentage Interests evidenced by the Trust Certificates at the time of the delivery of such notice.
