Unclaimed Stock Sample Clauses

Unclaimed Stock. The Company agrees to provide to Torchmark any claim or notice of claim for payment for shares of non-voting stock of the Company converted into cash as a result of the merger of the Company and a wholly owned subsidiary of Torchmark on October 1, 1993 and Torchmark agrees to pay any amounts legally owing to such claimants prior to the date their claim escheats to any state.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Unclaimed Stock. Any Newco Common Stock that remain unclaimed by any Holder 180 days after the Distribution Date shall be returned to Wellsford Parent, and any such Holder shall look only to Wellsford Parent for the Newco Common Stock, subject in each case to applicable escheat or other abandoned property laws.
Sample 1Sample 2Sample 3
Unclaimed Stock. Any BHR Common Shares that remain unclaimed by any Person 180 calendar days after the consummation of the Spin-Off will be returned to BHR, and any such stockholder may look only to BHR for such BHR Common Shares, subject in each case to applicable escheat or other abandoned property Laws.
Sample 1Sample 2
Unclaimed Stock. Any Spinco Common Stock made available to the Distribution Agent that remains undistributed 180 days after the Distribution Date shall be delivered to Spinco. Spinco shall hold such Spinco Common Stock for the account of such Cohesant Stockholders and any such Cohesant Stockholder shall look only to Spinco for such Spinco Common Stock subject to applicable escheat or other abandoned property Laws.
Sample 1Sample 2
Unclaimed Stock. Any Spin Company Common Stock and dividends or distributions with respect to Spin Company Common Stock that remain unclaimed by any Parent Holder 180 days after the Distribution Date shall be returned to Parent and any such Parent Holders shall look only to Parent for the Spin Company Common Stock and any such dividends or distributions to which they are entitled, subject in each case to applicable escheat or other abandoned property laws.
Sample 1
Unclaimed Stock. Any Merry Land Properties Common Stock that remain unclaimed by any Holder 180 days after the Distribution Date shall be returned to Merry Land, and any such Holder shall look only to Merry Land for the Merry Land Properties Common Stock, subject in each case to applicable escheat or other abandoned property laws.
Sample 1
Unclaimed Stock. At any time following six months after the Restructuring Effective Time, CBH shall be entitled to require the Exchange Agent to deliver to it any certificates of CBH Common Stock which had been made available to the Exchange Agent and which have not been issued, and thereafter the holders of Predecessor Company Common Stock shall be entitled to look to CBH (subject to abandoned property, escheat or other similar laws) only as general creditors thereof with respect to CBH Common Stock issuable upon due surrender of their Predecessor Company Stock Certificates. Notwithstanding the foregoing, none of the C/B Companies, Predecessor Company or the Exchange Agent shall be liable to any person in respect of any shares of CBH Common Stock delivered to a public official pursuant to any applicable abandoned property, escheat or similar law. If any Predecessor Company Stock Certificates shall not have been surrendered immediately prior to the date on which any payment pursuant to this Article would otherwise escheat to or become the property of any governmental authority, the CBH Common Stock in respect of such Predecessor Company Stock Certificates shall, to the extent permitted by applicable law, become the property of CBH, free and clear of all claims or interests of any person previously entitled thereto.
Sample 1
AutoNDA by SimpleDocs
Unclaimed Stock. Any Acquiror Common Stock deposited --------------- with the Exchange Agent that remains unclaimed by the former shareholders of Chronicle after six months following the Effective Time shall be delivered to Acquiror, upon demand, and any former shareholders of Chronicle who have not then complied with the instructions for exchanging their Chronicle Stock Certificates shall thereafter look only to Acquiror for exchange of Chronicle Stock Certificates and for any dividend or distribution with respect thereto made after the Effective Time, such holder's proportional interest in any cash dividends or other taxable distributions paid with respect to any Escrowed Shares that are returned to Acquiror and cancelled pursuant to Section 2.6(b), and any cash to be paid in lieu of fractional shares pursuant to Section 2.10.
Sample 1

Related to Unclaimed Stock

  • Unclaimed Funds If funds for the payment of principal or interest remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Company at its written request. After that, all liability of the Trustee and such Paying Agent with respect to such funds shall cease.

  • Unclaimed Property If there is no record of Card activity for an extended period of time, applicable state law may require the Bank to report the balance on the Card as unclaimed property. If this occurs, we may try to locate the owner of the Card at the address shown in our records. If we are unable to locate you, we may be required to deliver any value remaining on the Card to the state as unclaimed property.

  • Unclaimed Money If money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the Company at its request unless an abandoned property law designates another Person. After any such payment, Holders entitled to the money must look only to the Company and not to the Trustee for payment.

  • Return of Unclaimed Monies Subject to the requirements of applicable law, any monies deposited with or paid to the Trustee for payment of the principal of, premium, if any, or interest on Notes and not applied but remaining unclaimed by the holders of Notes for two years after the date upon which the principal of, premium, if any, or interest on such Notes, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on demand and all liability of the Trustee shall thereupon cease with respect to such monies; and the holder of any of the Notes shall thereafter look only to the Company for any payment that such holder may be entitled to collect unless an applicable abandoned property law designates another Person.

  • Unclaimed Deposits Fifteen (15) months following the Bank Closing Date, the Assuming Institution will provide the Receiver a listing of all deposit accounts, including the type of account, not claimed by the depositor. The Receiver will review the list and authorize the Assuming Institution to act on behalf of the Receiver to send a “Final Legal Notice” in a form substantially similar to Exhibit 2.3A to the owner(s) of the unclaimed deposits reminding them of the need to claim or arrange to continue their account(s) with the Assuming Institution. The Assuming Institution will send the “Final Legal Notice” to the depositors within thirty (30) days following notification of the Receiver’s authorization. The Assuming Institution will prepare an Affidavit of Mailing and will forward the Affidavit of Mailing to the Receiver after mailing out the “Final Legal Notice” in a form substantially similar to Exhibit 2.3B to the owner(s) of unclaimed deposit accounts. If, within eighteen (18) months after Bank Closing, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s Deposit assumed pursuant to Section 2.1 at the Assuming Institution, the Assuming Institution shall, within fifteen (15) Business Days after the end of such eighteen (18) month period, (i) refund to the Receiver the full amount of each such deposit (without reduction for service charges), (ii) provide to the Receiver a schedule of all such refunded Deposits in such form as may be prescribed by the Receiver, and (iii) assign, transfer, convey, and deliver to the Receiver, all right, title, and interest of the Assuming Institution in and to the Records previously transferred to the Assuming Institution and other records generated or maintained by the Assuming Institution pertaining to such Deposits. During such eighteen (18) month period, at the request of the Receiver, the Assuming Institution promptly shall provide to the Receiver schedules of unclaimed deposits in such form as may be prescribed by the Receiver.

  • Return of Unclaimed Moneys Any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of or premium, if any, or interest on Securities and not applied but remaining unclaimed by the holders of Securities for two years after the date upon which the principal of or premium, if any, or interest on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee or such paying agent on written demand; and the holder of any of the Securities shall thereafter look only to the Company for any payment which such holder may be entitled to collect and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

  • Unclaimed Property and Lost Shareholders The Transfer Agent shall report unclaimed property to each state in compliance with state law and shall comply with Section 17Ad-17 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), for lost Shareholders. If the Fund is not in compliance with applicable state laws, there will be no charge for the first two years for this service for such Fund, other than a charge for due diligence notices (reflected on Schedule 5.1) provided that after the first two years, the Transfer Agent will charge such Fund its then standard fee plus any out-of-pocket expenses.

  • Book-Entry Shares Notwithstanding anything to the contrary contained in this Agreement, no holder of non-certificated Shares represented by book-entry (“Book-Entry Shares”) shall be required to deliver a Certificate or, in the case of holders of Book-Entry Shares held through The Depository Trust Company, an executed letter of transmittal to the Paying Agent, to receive the Merger Consideration that such holder is entitled to receive pursuant to Section 2.1(a). In lieu thereof, each holder of record of one or more Book-Entry Shares held through The Depository Trust Company whose Shares were converted into the right to receive the Merger Consideration shall automatically upon the Effective Time be entitled to receive, and Parent shall cause the Paying Agent to pay and deliver to The Depository Trust Company or its nominee as promptly as practicable after the Effective Time, in respect of each such Book-Entry Share a cash amount in immediately available funds equal to the Merger Consideration (subject to any withholding of Taxes required by applicable Law as provided in Section 2.5), and such Book-Entry Shares of such holder shall be cancelled. As soon as practicable after the Effective Time (and in no event later than three Business Days after the Effective Time), the Surviving Corporation shall cause the Paying Agent to mail to each Person that was, immediately prior to the Effective Time, a holder of record of Book-Entry Shares not held through The Depository Trust Company: (A) a letter of transmittal, which shall be in such form as Parent and the Paying Agent shall reasonably agree; and (B) instructions for returning such letter of transmittal in exchange for the Merger Consideration. Upon delivery of such letter of transmittal, in accordance with the terms of such letter of transmittal, duly executed, the holder of such Book-Entry Shares shall be entitled to receive in exchange therefor a cash amount in immediately available funds equal to the Merger Consideration (subject to any withholding of Taxes required by applicable Law as provided in Section 2.5), and such Book-Entry Shares so surrendered shall at the Effective Time be cancelled. Payment of the Merger Consideration with respect to Book-Entry Shares so surrendered shall only be made to the Person in whose name such Book-Entry Shares are registered. No interest will be paid or accrued on any amount payable upon due surrender of Book-Entry Shares. Until paid or surrendered as contemplated hereby, each Book-Entry Share shall be deemed at any time after the Effective Time to represent only the right to receive the Merger Consideration in cash as contemplated by this Agreement, except for Book-Entry Shares representing Dissenting Shares, which shall be deemed to represent the right to receive payment of the fair value of such Shares in accordance with and solely to the extent provided by Section 262 of the DGCL.

  • Uncertificated Shares Notwithstanding anything else herein, to the extent permitted under applicable foreign, federal, state or provincial law, the Committee may, issue the Shares in the form of uncertificated shares. Such uncertificated shares of Restricted Stock shall be credited to a book entry account maintained by the Company (or its designee) on behalf of the Participant. If thereafter certificates are issued with respect to the uncertificated shares of Restricted Stock, such issuance and delivery of certificates shall be in accordance with the applicable terms of this Agreement.

  • STOCK AND STOCK CERTIFICATES Section 1. Shares of stock shall be transferrable on the books of the Company and a transfer book shall be kept in which all transfers of stock shall be recorded. Section 2. Certificate of stock shall bear the signature of the President or any Vice President, however denominated by the Board of Directors and countersigned by the Secretary or Treasurer or an Assistant Secretary, and the seal of the corporation shall be engraved thereon. Each certificate shall recite that the stock represented thereby is transferrable only upon the books of the Company by the holder thereof or his attorney, upon surrender of the certificate properly endorsed. Any certificate of stock surrendered to the Company shall be cancelled at the time of transfer, and before a new certificate or certificates shall be issued in lieu thereof. Duplicate certificates of stock shall be issued only upon giving such security as may be satisfactory to the Board of Directors or the Executive Committee. Section 3. The Board of Directors of the Company is authorized to fix in advance a record date for the determination of the stockholders entitled to notice of, and to vote at, any meeting of stockholders and any adjournment thereof, or entitled to receive payment of any dividend, or to any allotment or rights, or to exercise any rights in respect of any change, conversion or exchange of capital stock, or in connection with obtaining the consent of stockholders for any purpose, which record date shall not be more than 60 nor less than 10 days proceeding the date of any meeting of stockholders or the date for the payment of any dividend, or the date for the allotment of rights, or the date when any change or conversion or exchange of capital stock shall go into effect, or a date in connection with obtaining such consent.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!