Beneficiary Certificates definition
Examples of Beneficiary Certificates in a sentence
In case of any permitted recalculation of shares as a result of a share split, bonus issue of shares, subdivision or split of shares or a combination of shares through a reverse split or similar actions, the Beneficiary Certificates shall be treated in the same manner as the shares to which they are linked.
If one or more Beneficiary Certificates are jointly owned, or if fractions of a Beneficiary Certificate are held by several holders or if the ownership of such Beneficiary Certificate(s) is disputed, all persons claiming a right to such Beneficiary Certificate(s), or holding a fraction of a Beneficiary Certificate respectively, have to appoint one single attorney to represent such Beneficiary Certificate(s) towards the Company.
The Beneficiary Certificates may only be issued to shareholders of the Company.
In connection with this, based on its resolutions at its respective Board of Directors Meetings held on August 30, 2017 (Pacific Standard Time) and September 8, 2017 (Pacific Standard Time), the Issuer intends to make an offering of 1,520,000 units of Beneficiary Certificates of Securities in Trust pursuant to Techpoint, Inc.
The Beneficiary Certificates shall not carry any right to participate in any dividend, share premium repayment or any other kind of distributions, including the distribution of any liquidation proceeds, made by the Company.
Borrower shall not be allowed to reborrow under the Acquisition Loan after a repayment.
The Issuer shall bear any and all expenses for the issuance of the Shares and the Beneficiary Certificates and for the Offerings, Etc.; provided, however, that a part of those expenses may be borne by the Underwriters under a separate written agreement upon consultation between the Issuer and the Manager.
In this Agreement: BC Holder Means a holder of Beneficiary Certificates.
Listed Foreign Stock Trust Beneficiary Certificates Beneficiary Certificate Issuance Trust Agreement and Agreement regarding Issuer dated August 31, 2017 (the “Trust Agreement”) with Mitsubishi UFJ Trust and Banking Corporation and The Master Trust Bank of Japan, Ltd.
Unless the context or the terms of the present Article otherwise require, any reference to the shareholders made in the present Articles of Incorporation shall also include the holders of the Beneficiary Certificates.