Holding Certificate definition
Examples of Holding Certificate in a sentence
The Holding Certificate has been duly authorized by all requisite action and, when duly and validly executed by the Holding Trustee in accordance with the Holding Trust Agreement, will be entitled to the benefits of the Holding Trust Agreement and enforceable in accordance with their terms.
The Holding Certificate has been duly authorized by all requisite action and, when duly and validly executed by the Holding Trustee in accordance with the Holding Trust Agreement, will be validly issued and outstanding and entitled to the benefits of the Holding Trust Agreement.
Notwithstanding the foregoing, neither SBC nor the Exchange Agent shall be liable to any holder of a Holding Certificate for Merger Consideration (or dividends or distributions with respect thereto) or cash from the Exchange Fund in each case delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.
The Holding Certificate will be issued pursuant to an Amended and Restated Trust Agreement dated on or about [___], 20[_] (the “Holding Trust Agreement”), between the Trust, as seller, and the Owner Trustee, as holding trustee (the “Holding Trustee”).
Upon surrender to the Exchange Agent of a letter of transmittal duly executed and, if not previously submitted with the Election Form, a Holding Certificate, the holder shall be entitled to receive in exchange therefor his or her portion of the Merger Consideration deliverable in respect of the shares of Holding Common Stock represented by such holder's Holding Certificate, and such Holding Certificate shall forthwith be cancelled.
Remark 2: If the Bank Guarantee is not transmitted for whatsoever reason; the 100% payment shall be effected after receiving full set of original Shipping Documents (Cash) / the Original Warehouse Holding Certificate of the Aluminium Sows, to be exchanged with full set of original Shipping Documents (SWAP) of CPC shipment.
Upon receipt of notice from any of its shareholders that a Holding Certificate has been lost or destroyed, and prior to issuing a new certificate, Holding shall require such shareholder to post a bond in such amount as is sufficient to support the shareholder's agreement to indemnify Holding against any claim made by the owner of such Holding Certificate, unless Whitney agrees to the waiver of such bond requirement.
Until surrendered in accordance with the provisions of this Section 2.02, each Holding Certificate (other than Holding Certificates representing Appraisal Shares) shall represent for all purposes the right to receive the corresponding portion of the Merger Consideration without any interest thereon.
In particular, but without limitation, the terms of this Agreement shall continue to apply to (i) any instructions received by Impala (and Services pursuant to those instructions) prior to termination or expiry and (ii) any Goods that are subject to a Warehouse Receipt or Holding Certificate.
For all payments that are due to the Seller under this contract, the beneficiary name shall always be the Seller, Mineras de DynaResource SA de CV, or its Assignees; The "Provisional Documents" are: the Provisional Invoice (as defined below); Holding Certificate issued by a warehouse acceptable to Buyer and/or ▇▇▇▇▇'s bankers and endorsed by Independent Representative; Final Weight & Moisture certificate to be issued by an independent, internationally recognized surveyor; Provisional Assay certificate.