Common use of Change of Rights Agent Clause in Contracts

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. If the Rights Agent resigns or is removed or otherwise becomes incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who will, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 11 contracts

Sources: Rights Agreement (Alliant Techsystems Inc), Rights Agreement (Washington Group International Inc), Rights Agreement (Cole National Corp /De/)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' prior notice in writing mailed to the Company Company, and to each transfer agent of the Preferred Shares or Stock and the Company Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' prior notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares Stock and the Company Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right or her Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (a) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is in good standing, shall be authorized to do business as a banking institution in the State of New York)York or the Commonwealth of Pennsylvania, in good standing, having a principal office in the State of New York, which is shall be authorized under such laws to exercise corporate trust or stock transfer powers and is powers, shall be subject to supervision or examination by federal or state authority authorities and which has shall have at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000 or (b) an Affiliate of a corporation described in clause (a). After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or Stock and the Company Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 7 contracts

Sources: Rights Agreement (Liberty Technologies Inc), Rights Agreement (Liberty Technologies Inc), Rights Agreement (Intelligent Electronics Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 5 contracts

Sources: Rights Agreement (Hartmarx Corp/De), Rights Agreement (Mine Safety Appliances Co), Rights Agreement (Chemfirst Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 5 contracts

Sources: Renewed Rights Agreement (Genzyme Corp), Renewed Rights Agreement (Genzyme Corp), Rights Agreement (Genzyme Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. If the Rights Agent resigns or is removed or otherwise becomes incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who will, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties duties, and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act act, or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 5 contracts

Sources: Rights Agreement (Elder Beerman Stores Corp), Rights Agreement (Elder Beerman Stores Corp), Rights Agreement (Elder Beerman Stores Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State States of Florida or New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State States of Florida or New York), in good standing, having a principal office in the State States of Florida or New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 5 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or and the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 5 contracts

Sources: Rights Agreement (Florida Rock Industries Inc), Rights Agreement (FRP Properties Inc), Rights Agreement (FRP Properties Inc)

Change of Rights Agent. The Rights Agent or any successor ---------------------- Rights Agent may resign and be discharged from its duties under this Rights Agreement upon 30 calendar 30-days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar 30-days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willor which shall, with such notice, submit his such holder's Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 5 contracts

Sources: Rights Agreement (Lifepoint Hospitals Inc), Rights Agreement (Triad Hospitals LLC), Rights Agreement (Triad Hospitals Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Corporation and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company Corporation may remove the Rights Agent or any successor Rights Agent upon 30 calendar sixty (60) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will Corporation shall appoint a successor to the Rights Agent. If the Company fails Corporation shall fail to make such appointment within a period of 30 calendar sixty (60) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the CompanyCorporation), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company Corporation or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 10 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will Corporation shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 5 contracts

Sources: Rights Agreement (Eltron International Inc), Rights Agreement (Point 360), Rights Agreement (Point 360)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. If the Rights Agent resigns or is removed or otherwise becomes incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who will, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 4 contracts

Sources: Rights Agreement (Usg Corp), Rights Agreement (Brush Engineered Materials Inc), Rights Agreement (Brush Engineered Materials Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and and, if instructed by the Company, to each transfer agent of the Preferred Shares or the Common Shares by registered or certified mail, and and, at the expense of the Company, to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' , notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus adequate in the judgment of at least $50 milliona majority of the Board of Directors to assure the performance of its duties hereunder and the protection of the interests of the Company and the holders of the Rights. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 2122, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 4 contracts

Sources: Rights Agreement (Checkpoint Systems Inc), Rights Agreement (Tasty Baking Co), Rights Agreement (Tasty Baking Co)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Corporation and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company Corporation may remove the Rights Agent or any successor Rights Agent upon 30 calendar sixty (60) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will Corporation shall appoint a successor to the Rights Agent. If the Company fails Corporation shall fail to make such appointment within a period of 30 calendar sixty (60) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the CompanyCorporation), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company Corporation or by such a court, will shall be a corporation or other legal entity organized organized, in good standing and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New YorkStates, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 millionauthority. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will Corporation shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 4 contracts

Sources: Rights Agreement (BNC Mortgage Inc), Rights Agreement (Edgar Online Inc), Rights Agreement (Impac Mortgage Holdings Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' prior notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' prior notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 millionauthority. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 4 contracts

Sources: Rights Agreement (Rock Bottom Restaurants Inc), Rights Agreement (Ciber Inc), Rights Agreement (Ciber Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Common Shares and Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Common Shares and the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a (A) corporation or other legal entity organized and doing business under the laws of the United States or of the State States of Maryland or New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State States of Maryland or New York), in good standing, having a principal office in the State of New York, which that is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which that has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million, or (B) an affiliate of a corporation described in clause (A) of this sentence. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Shares and Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 4 contracts

Sources: Rights Agreement (Sylvan Learning Systems Inc), Rights Agreement (Sylvan Learning Systems Inc), Rights Agreement (PHH Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity any affiliate of such a corporation organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 3 contracts

Sources: Rights Agreement (Regeneron Pharmaceuticals Inc), Rights Agreement (Motorcar Parts & Accessories Inc), Rights Agreement (Motorcar Parts & Accessories Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (a) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000 or (b) an Affiliate controlled by a corporation described in clause (a). After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 3 contracts

Sources: Rights Agreement (Dominion Bridge Corp), Rights Agreement (Armstrong World Industries Inc), Rights Agreement (Armstrong World Industries Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Common Shares known to the Rights Agent by registered or certified mail, and to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. If the Rights Agent resigns or is removed or otherwise becomes incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who will, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will be a corporation or other legal entity Person organized and doing business under the laws of the United States or of the State of New York California (or of any other state of the United States so long as such corporation Person is authorized to do business as a banking institution in the State of New YorkCalifornia), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus surplus, including its Affiliates, of at least $50 million. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 3 contracts

Sources: Rights Agreement (SWK Holdings Corp), Rights Agreement (SWK Holdings Corp), Rights Agreement (Kana Software Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Corporation and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company Corporation may remove the Rights Agent or any successor Rights Agent upon 30 calendar sixty (60) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will Corporation shall appoint a successor to the Rights Agent. If the Company fails Corporation shall fail to make such appointment within a period of 30 calendar sixty (60) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the CompanyCorporation), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company Corporation or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, standing which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will Corporation shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 3 contracts

Sources: Rights Agreement (Crown Laboratories Inc /De/), Rights Agreement (Crown Laboratories Inc /De/), Rights Agreement (Crown Laboratories Inc /De/)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Rights Agreement upon 30 calendar 30-days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar 30-days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willor which shall, with such notice, submit his such holder's Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 3 contracts

Sources: Rights Agreement (Omnicare Inc), Rights Agreement (Ultimate Software Group Inc), Rights Agreement (Spacehab Inc \Wa\)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right such holder's Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which corporation or the parent corporation thereof has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million50,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 3 contracts

Sources: Rights Agreement (Corn Products International Inc), Rights Agreement (Corn Products International Inc), Rights Agreement (Corn Products International Inc)

Change of Rights Agent. The Rights Agent or any successor Rights ---------------------- Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. If the Rights Agent resigns or is removed or otherwise becomes incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who will, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties duties, and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act act, or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 3 contracts

Sources: Rights Agreement (Sterling Commerce Inc), Rights Agreement (Bibb Co /De), Rights Agreement (Sterling Software Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Common Shares and Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Common Shares and the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his such holder's Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (a) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of Minnesota or New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of Minnesota or New York), in good standing, having a principal an office in the State of Minnesota or New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has or is a subsidiary of a corporation which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million, or (b) an affiliate of a corporation described in clause (a) of this sentence. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Shares and Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Fourth Shift Corp), Rights Agreement (Cyberoptics Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' days prior notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' days prior notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate or the retiring Rights Agent may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 millionauthority. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deeddeed and the duties and obligations of the retiring Rights Agent shall cease and terminate; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Interstate Bakeries Corp/De/), Rights Agreement (Interstate Bakeries Corp/De/)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the registered holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate or certificate for Common Stock, as the case may be, for inspection by the Company), then the registered holder of record of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity Person organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is and in good standing, shall be authorized to do business as a banking institution in the State of New York)United States or any State, in good standing, having a principal office in the State of New York, which is shall be authorized under such laws to exercise the stockholder services business, exercise corporate trust or trust, stock transfer powers and is or stockholder services powers, shall be subject to supervision or examination by federal or state authority authorities and which has shall have at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of record of the Right CertificatesCertificates (or certificates for Common Stock prior to the Distribution Date). Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Pharmacopeia Inc), Rights Agreement (Pharmacopeia Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar 90 days' notice (or such lesser notice as is acceptable to the Company) in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Common Shares Stock by registered or certified mail, and to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares Stock by registered or certified mail, and to the holders of the Right Certificates by first class mail. If the Rights Agent resigns should resign or is be removed or otherwise becomes become incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate any Rights (who willwhich holder shall, with such notice, submit his Right such holder's Rights Certificate for inspection by the Company), then the registered holder of any Right Certificate Rights may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state State of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York)States, in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer the powers of the Rights Agent contemplated by this Agreement and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million10,000,000. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right CertificatesStock. Failure to give any notice provided for in this Section 214.4, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (J C Nichols Co), Rights Agreement (J C Nichols Co)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Shares Preferred Share by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (i) a corporation or other legal entity organized and doing business under the laws of the United States or of the State Commonwealth of New York Massachusetts (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State Commonwealth of New YorkMassachusetts), in good standing, having a principal an office in the State Commonwealth of New YorkMassachusetts, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 millionmillion or (ii) an affiliate of an institution that satisfies the requirements set forth in clause (i) of this sentence. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (State Street Corp), Rights Agreement (State Street Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willwhich holder shall, with such notice, submit his Right such holder's Rights Certificate for inspection by the Company), then the registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (a) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States States, in good standing, so long as such corporation is authorized (i) complies with the applicable rules of the New York Stock Exchange, as such rules and requirements may be amended or modified from time to do business as a banking institution in the State of New York)time, in good standing, having a principal office in the State of New York, which (ii) is authorized under such laws to exercise stock transfer or corporate trust or stock transfer powers and (iii) is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million10 million or (b) an affiliate of a corporation described in clause (a) of this sentence. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Peoples Heritage Financial Group Inc), Rights Agreement (Banknorth Group Inc/Me)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. If the Rights Agent resigns or is removed or otherwise becomes incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who will, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of Ohio or New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of Ohio or New York), in good standing, having a principal office in the State of Ohio or New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties duties, and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act act, or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Brush Wellman Inc), Rights Agreement (Brush Wellman Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York Ohio (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State States of New YorkYork or Ohio), in good standing, having a principal office in the State States of New YorkYork or Ohio, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which either has or is an affiliate of a corporation which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Applied Industrial Technologies Inc), Shareholder Rights Agreement (Citizens Bancshares Inc /Oh/)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment appoint- ment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willwhich holder shall, with such notice, submit his such holder's Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agent Agreement (Paccar Inc), Rights Agent Agreement (Paccar Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. If the Rights Agent resigns or is removed or otherwise becomes incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who will, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which that is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Alderwoods Group Inc), Rights Agreement (Laidlaw International Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Class A Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Class A Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willwhich holder shall, with such notice, submit his such holder’s Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of Arizona or the State of New York), in good standing, having a principal an office in the State of Arizona or the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Class A Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Medicis Pharmaceutical Corp), Rights Agreement (Medicis Pharmaceutical Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' ’ prior notice in writing mailed to the Company Company, and to each transfer agent of the Preferred Shares or Stock and the Company Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' ’ prior notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares Stock and the Company Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right or her Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (a) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is in good standing, shall be authorized to do business as a banking institution in the State of New York)York or the Commonwealth of Pennsylvania, in good standing, having a principal office in the State of New York, which is shall be authorized under such laws to exercise corporate trust or stock transfer powers and is powers, shall be subject to supervision or examination by federal or state authority authorities and which has shall have at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000 or (b) an Affiliate of a corporation described in clause (a). After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or Stock and the Company Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (InterDigital, Inc.), Rights Agreement (Mothers Work Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case case. may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first- class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity in capacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, ,rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Optical Coating Laboratory Inc), Rights Agreement (Optical Coating Laboratory Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Preferred Shares or the Common Shares and Preferred Shares, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Common Shares and the Common Shares Preferred Shares, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Shares and the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Recoton Corp), Rights Agreement (Recoton Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged dis- charged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates Certifi- cates by first first-class mail. The Company may remove the Rights Ri▇▇▇▇ Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-- class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails Com- pany shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed ap- pointed by the Company or by such a court, will shall be a corporation or other legal entity corpo- ration organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject sub- ject to supervision or examination by federal or state authority au- thority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.50

Appears in 2 contracts

Sources: Rights Agreement (Schering Plough Corp), Rights Agreement (Schering Plough Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and and, at the expense of the Company, to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint -49- 53 a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York Texas (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New YorkTexas), in good standing, having a principal an office in the State of New YorkTexas, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.and

Appears in 2 contracts

Sources: Rights Agreement (Service Corporation International), Rights Agreement (Service Corporation International)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the any State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York)thereof, in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or powers and stock transfer powers and is subject to supervision or examination by federal or state authority and which has has, or is a wholly owned subsidiary of a corporation which has, at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million50,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Becton Dickinson & Co), Rights Agreement (Becton Dickinson & Co)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Common Shares of the Company or Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Board of Directors of the Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writingprior written notice, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares of the Company or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State The Commonwealth of New York Massachusetts (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), Michigan) in good standing, having a principal an office in the State of New YorkMichigan, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Agree Realty Corp), Rights Agreement (Agree Realty Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York or Michigan (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New YorkYork or Michigan), in good standing, having a principal office in the State of New YorkYork or Michigan, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million10,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Old Kent Financial Corp /Mi/), Rights Agreement (Old Kent Financial Corp /Mi/)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of Georgia or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in either the State of Georgia or the State of New York), in good standing, having a principal office in either the State of Georgia or the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million50,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or Common Stock and the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.defect

Appears in 2 contracts

Sources: Rights Agreement (Matria Healthcare Inc), Rights Agreement (Matria Healthcare Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be either (a) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which either has or is an affiliate of a corporation which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000, or (b) an affiliate of such a corporation. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Eagle Geophysical Inc), Rights Agreement (Eagle Geophysical Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' prior notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' prior notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate or the retiring Rights Agent may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 millionauthority. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deeddeed and the duties and obligations of the retiring Rights Agent shall cease and terminate; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Interstate Bakeries Corp/De/), Rights Agreement (Interstate Bakeries Corp/De/)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willwhich holder shall, with such notice, submit his such holder's Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (i) a corporation or other legal entity Person organized and doing business and in good standing under the laws of the United States or of States, the State of New York (or of any other state of the United States States, so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which Person is authorized under such laws to exercise corporate trust or stock transfer powers all of the duties of the Rights Agent under this Agreement and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 millionmillion or (ii) an Affiliate of such Person. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Hercules Inc), Rights Agreement (Hercules Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Columbus McKinnon Corp), Rights Agreement (Columbus McKinnon Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Common Shares or Preferred Shares or known to the Common Shares Rights Agent by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has last been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity Person organized and doing business under the laws of the United States or of the State of Delaware or the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of Delaware or the State of New York), in good standing, having a principal an office in the State of Delaware or the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Lazare Kaplan International Inc), Rights Agreement (Lazare Kaplan International Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Common Shares and the Preferred Stock by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Common Shares and the Common Preferred Shares by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of Massachusetts or New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of Massachusetts or New York), in good standing, having a principal office in the State of Massachusetts or New York, York which is authorized under such laws to exercise corporate trust or stock transfer powers power and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Shares and the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Colonial Properties Trust), Rights Agreement (Colonial Properties Trust)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the any registered holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right a Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York or Illinois (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New YorkYork or Illinois), in good standing, having a principal office in the State of New York, York or Illinois which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000 and which shall otherwise meet any requirements imposed by the New York Stock Exchange on transfer agents and registrars. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the Rights, Rights Agreement or the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Comdisco Inc), Rights Agreement (Comdisco Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be either (A) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York California (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New YorkCalifornia), in good standing, having a principal an office in the State of New YorkCalifornia, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 millionmillion or (B) an affiliate of such a corporation. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the the-resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Ophthalmic Imaging Systems Inc), Rights Agreement (Ophthalmic Imaging Systems Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the registered holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate or certificate for Common Stock, as the case may be, for inspection by the Company), then the registered holder of record of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity Person organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is and in good standing, shall be authorized to do business as a banking institution in the State of New York)United States or any State, in good standing, having a principal office in the State of New York, which is shall be authorized under such laws to exercise the shareholder services business, exercise corporate trust or trust, stock transfer powers and is or shareholder services powers, shall be subject to supervision or examination by federal or state authority authorities and which has shall have at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of record of the Right CertificatesCertificates (or certificates for Common Stock prior to the Distribution Date). Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Orapharma Inc), Rights Agreement (Orapharma Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Common Shares of the Company or Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares of the Company or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willwhich holder shall, with such notice, submit his such holder's Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York North Carolina (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New YorkNorth Carolina), in good standing, having a principal an office in the State of New YorkNorth Carolina, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Shares of the Company or Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Avalon Properties Inc), Rights Agreement (Avalon Properties Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Common Shares known to the Rights Agent by registered or certified mail, and to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. If the Rights Agent resigns or is removed or otherwise becomes incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who will, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will be a corporation or other legal entity Person organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation Person is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Cosine Communications Inc), Rights Agreement (Clarus Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Common Shares and Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Common Shares and the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of actingacting as such, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his such holder's Right Certificate for inspection by the Company), then the Company shall become the Rights Agent and the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which that is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which that has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million50,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purposepurpose of this Agreement and so that the successor Rights Agent may appropriately act as Rights Agent hereunder. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Shares and Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Building Materials Holding Corp), Rights Agreement (Building Materials Holding Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged dis- charged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates Certifi- ▇▇▇▇▇ by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first- class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails Com- pany shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity cor- poration organized and doing business under the laws of the United States or of the State Commonwealth of New York Massachusetts (or of any other state of the United States so long as such corporation corpora- tion is authorized to do business as a banking institution in the State Commonwealth of New YorkMassachusetts), in good standing, having a principal an office in the State Commonwealth of New YorkMassachusetts, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination exami- nation by federal or state -36- authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Stride Rite Corp), Rights Agreement (Stride Rite Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right or her Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York Illinois (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New YorkIllinois), in good standing, having a principal an office or agency in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million50,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further reasonable assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, 21 or any defect therein, will therein shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Allegiance Corp), Rights Agreement (Midas Group Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and thereby be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (a) a corporation or other legal entity financial institution organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States (so long as such corporation is authorized to do business as a banking institution in the State of New Yorkunder said laws), and in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million10,000,000 or (b) an affiliate of a corporation or financial institution described in clause (a) of this sentence. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Shareholder Rights Agreement (Nexmed Inc), Shareholder Rights Agreement (Nexmed Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation corporation, or other legal entity an affiliate of such a corporation, organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.with

Appears in 2 contracts

Sources: Rights Agreement (Everest Reinsurance Holdings Inc), Rights Agreement (Everest Reinsurance Holdings Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the 34 38 Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. If the Rights Agent resigns or is removed or otherwise becomes incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who will, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Chrysalis International Corp), Rights Agreement (Chrysalis International Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the any registered holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right a Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York or Illinois (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New YorkYork or Illinois), in good standing, having a principal office in the State of New York, York or Illinois which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination examina- tion by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000 and which shall otherwise meet any requirements imposed by the New York Stock Exchange on transfer agents and registrars. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the Rights, Rights Agreement or the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Comdisco Inc), Rights Agreement (Comdisco Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which either has or is an affiliate of a corporation which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 2 contracts

Sources: Rights Agreement (Asarco Cyprus Inc), Rights Agreement (R&b Falcon Corp)

Change of Rights Agent. The Rights Agent or any successor ---------------------- Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (a) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, and having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000 or (b) an affiliate of a corporation described in clause (a) of this sentence. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect thereinherein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Solitron Devices Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State States of 46 50 Florida or New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State States of Florida or New York), in good standing, having a principal office in the State States of Florida or New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 5 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or and the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Hughes Supply Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar 90 days' notice (or such lesser notice as is acceptable to the Company) in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. If the Rights Agent resigns should resign or is be removed or otherwise becomes become incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate any Rights (who willwhich holder shall, with such notice, submit his Right such holder's Rights Certificate for inspection by the Company), then the registered holder of any Right Certificate Rights may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (Ohio or of any other state State of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York)States, in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer the powers of the Rights Agent contemplated by this Agreement and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million50,000,000. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 214.4, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Shareholder Rights Agreement (Firstmerit Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having standing and may be the Company or a principal office in Subsidiary of the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 millionCompany. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had has been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Standard Microsystems Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first- class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (a) a corporation or other legal entity organized and doing business under the laws of the United States or of the State States of New York or Virginia (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State States of New YorkYork or Virginia), in good standing, having a principal office in the State States of New YorkYork or Virginia, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000 or (b) an affiliate of a corporation described in clause (a) of this sentence. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Newport News Shipbuilding Inc)

Change of Rights Agent. The Rights Agent or any successor Rights ---------------------- Agent may resign and be discharged from its duties under this Rights Agreement upon 30 calendar 30-days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar 30-days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate or the Rights Agent may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of [the State of New York Rights Agent] (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in [the State of New YorkRights Agent]), in good standing, having a principal an office in [the State of New YorkRights Agent], which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Providian Bancorp Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company and to each transfer agent of the Common Stock and the Preferred Shares or the Common Shares Stock by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and 29 doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, York which is authorized under such laws to exercise corporate trust or stock transfer powers power and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Planetcad Inc)

Change of Rights Agent. The Rights Agent or any successor ---------------------- Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first class mail. If the Rights Agent resigns or is removed or otherwise becomes incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who will, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties duties, and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act act, or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Bibb Co /De)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State States of Delaware or New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State States of Delaware or New York), in good standing, having a principal an office in the State States of Delaware or New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Axcelis Technologies Inc)

Change of Rights Agent. The Rights Agent or any successor Rights ---------------------- Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' thirty (30) days notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' thirty (30) days notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (A) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust powers or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000 or (B) a subsidiary of a corporation described in clause (A) of this sentence. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Ametek Aerospace Products Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent (with or without cause) upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willwhich holder shall, with such notice, submit his such holder’s Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity either (a)a Person organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. million or (b) a direct or indirect wholly-owned Subsidiary of such Person or its wholly-owning parent.. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Saks Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar sixty (60) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar sixty (60) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Gleason Corp /De/)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his or her Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be either (a) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of Washington or New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of Washington or New York), in good standing, having a principal an office in the State of Washington or New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which that has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 millionmillion or (b) an affiliate of such a corporation. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Ostex International Inc /Wa/)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Osteotech Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (i) a corporation or other legal entity Person organized and doing business under the laws of the United States or of the State of New York Wisconsin (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New YorkWisconsin), in good standing, having a principal an office in the State of New YorkWisconsin, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 millionmillion or (ii) an Affiliate of such Person. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent Agent, without further act or deed; but the . The predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Ari Network Services Inc /Wi)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the any registered holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right a Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (A) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York or Delaware (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New YorkYork or Delaware), in good standing, having a principal office in the State of New York, York or Delaware which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000 or (B) an affiliate of a corporation described in clause (A) of this sentence and which shall otherwise meet any requirements imposed by the New York Stock Exchange on transfer agents and registrars. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. The predecessor Rights Agent shall be paid any outstanding fees and expenses prior to transferring assets to a successor Rights Agent. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the Rights, Rights Agreement or the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Prism Financial Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the registered holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the registered holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (a) a corporation or other legal entity organized and doing business under the laws of the United States or of the State States of New York Delaware or Illinois (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State States of New YorkDelaware or Illinois), in good standing, having a principal an office in the State States of New YorkDelaware or Illinois, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 millionmillion or (b) an affiliate of a corporation described in clause (a) of this sentence. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Delphi Information Systems Inc /De/)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company Company, and to each transfer agent of the Company Common Stock and Series C Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Company Common Stock and Series C Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns or is removed or otherwise becomes incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Company Common Stock and the Series C Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Corecomm LTD /De/)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Rights Agreement upon 30 calendar 30-days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar 30-days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such Table of Contents resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willor which shall, with such notice, submit his such holder’s Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Spacehab Inc \Wa\)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Newco Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Newco Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Corecomm LTD)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York Illinois (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New YorkIllinois), in good standing, having a principal office in the State of New YorkIllinois, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which either has or is an affiliate of a corporation which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Gardner Denver Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State States of Ohio or New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State States of Ohio or New York), in good standing, having a principal an office in the State States of Ohio or New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Eaton Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Shares or the Stock and Common Shares Stock by registered or certified mail, and the Company will mail said notice to the holders of the Right Certificates by first class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares Stock and the Common Shares Stock by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York)or, in good standingstanding under the laws of its Incorporation, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and or which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Stock and Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Champion Enterprises Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company and to each transfer agent of the Common Stock and the Preferred Shares or the Common Shares Stock by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of Maryland or New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of Maryland or New York), in good standing, having a principal office in the State of Maryland or New York, York which is authorized under such laws to exercise corporate trust or stock transfer powers power and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.or

Appears in 1 contract

Sources: Rights Agreement (Ciena Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock by registered or certified mail, and and, at the expense of the Company, to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York Indiana (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New YorkIndiana), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million50,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Patrick Industries Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Corporation and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company Corporation may remove the Rights Agent or any successor Rights Agent upon 30 calendar sixty (60) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will Corporation shall appoint a successor to the Rights Agent. If the Company fails Corporation shall fail to make such appointment within a period of 30 calendar sixty (60) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the CompanyCorporation), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company Corporation or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of any of the State States of New York York, New Jersey or California (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in any of the State States of New York, New Jersey or California), in good standing, having a principal an office in the State any of New Yorksuch States, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which (or the parent corporation of which) has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will Corporation shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Unitrin Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company and to each transfer agent of the Common Stock and Series R Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Series R Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State States of Illinois or New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State States of Illinois or New York), in good standing, having a principal an office in the State States of Illinois or New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Series R Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Cilcorp Inc)

Change of Rights Agent. The Rights Agent or any ------------------------- successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' days notice in writing mailed to the Company and to each the transfer agent of the Common Shares and Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class 55 CORP 62338.7 mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' days notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each the transfer agent of the Preferred Common Shares and the Common Preferred Shares by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State States of New York or Virginia (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State States of New YorkYork or Virginia), in good standing, having a principal office in the State States of New YorkYork or Virginia, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the 56 CORP 62338.7 effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each the transfer agent of the Common Shares and Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Circuit City Stores Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent for the Common Shares of the Preferred Shares Company or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent for the Common Shares of the Company or the Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willwhich holder shall, with such notice, submit his such holder's Right Certificate for inspection by the Company), then the registered holder of any a Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and organized, doing business and in good standing under the laws of the United States or of the State of New York Massachusetts (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), Massachusetts in good standing, having a principal an office in the State of New YorkMassachusetts, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent for the Common Shares of the Preferred Shares Company or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 2122, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Brown Tom Inc /De)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar 60 days' notice (or such lesser notice as is acceptable to the Company) in writing mailed to the Company and to each the transfer agent of the Preferred Shares or the Common Shares Stock by registered or certified mail, and to the holders of the Right Certificates by first class mailin accordance with Section 5.9. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each the transfer agent of the Preferred Shares and the Common Shares Stock by registered or certified mail, and to the holders of the Right Certificates by first class mailin accordance with Section 5.9. If the Rights Agent resigns should resign or is be removed or otherwise becomes become incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent it will as soon as practicable following the end of such 30 day period either mail a written notice of such failure to the holders of the Rights or by make a disclosure with respect to such failure in a report of the Company filed under the Securities Exchange Act of 1934, as amended, or in a Company press release. Following the Company's providing notice or making disclosure described in the preceding sentence, the holder of a Right Certificate (who will, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate Rights may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (a) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York)States, in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer the powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Stockholder Protection Rights Agreement (Charter One Financial Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Corporation and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company Corporation may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will Corporation shall appoint a successor to the Rights Agent. If the Company fails Corporation shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willwhich holder shall, with such notice, submit his such holder’s Right Certificate for inspection by the CompanyCorporation), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company Corporation or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York Delaware (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New YorkDelaware), in good standing, having a principal an office in the State of New YorkDelaware, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will Corporation shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Gtsi Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and and, following the Distribution Date, to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and and, following the Distribution Date, to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to 48 44 supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and and, following the Distribution Date, mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Avaya Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Corporation and to each the transfer agent of the Preferred Common Shares or the Common Preferred 27 Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company Corporation may remove the Rights Agent or any successor Rights Agent upon 30 calendar sixty (60) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each the transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will Corporation shall appoint a successor to the Rights Agent. If the Company fails Corporation shall fail to make such appointment within a period of 30 calendar sixty (60) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the CompanyCorporation), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company Corporation or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal an office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will Corporation shall file notice thereof in writing with the predecessor Rights Agent and each the transfer agent of the Common Shares and Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Employee Solutions Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the any registered holder of a Right Rights Certificate (who willshall, with such notice, submit his Right such holder’s Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (i) a corporation or other legal entity Person organized and doing business under the laws of the United States or of the State of New York Minnesota (or of any other state of the United States so long as such corporation Person is authorized to do business as a banking institution in the State of New YorkMinnesota), in good standing, having a principal an office or agency in the State of New YorkMinnesota, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000 or (ii) an Affiliate of such Person. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further reasonable assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, 21 or any defect therein, will therein shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Section 382 Rights Agreement (Winland Electronics Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company and to each transfer agent for the Common Shares of the Company and the Preferred Shares or the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent for the Common Shares of the Preferred Shares Company and the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the registered holder of a Right Certificate (who willor, with such noticeprior to the Distribution Date, submit his Right Certificate for inspection by the Companyof Common Shares), then the any registered holder of any a Right Certificate (or, prior to the Distribution Date, of Common Shares) may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be either (A) a corporation or other legal entity Person organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York)States, in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and that is subject to supervision or examination by federal or state authority and which that has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 millionmillion or (B) an Affiliate of such a Person. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent for the Common Shares of the Company and the Preferred Shares or the Common Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 2122, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Stone Energy Corp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' prior notice in writing mailed to the Company and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' prior notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation (or other legal entity an affiliate of a corporation) organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York)institution, in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers powers, is in good standing, and is subject to supervision or examination by federal or state authority authority, and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Shareholder Protection Rights Agreement (Tehama Bancorp)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar days' notice in writing mailed to the Company by registered or certified mail and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mailmail at the cost and expense of the Company. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York Illinois (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York)Illinois, in good standing, having a principal an office in the State of New YorkIllinois, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Valero Refining & Marketing Co)

Change of Rights Agent. The Rights Agent or any ---------------------- successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be (A) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust powers or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000 or (B) a subsidiary of a corporation described in clause (A) of this sentence. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Ametek Aerospace Products Inc)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Corporation and to each transfer agent of the Preferred Common Shares or the Common Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. The Company Corporation may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares and the Common Shares by registered or certified mail, and to the holders of the Right Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will Corporation shall appoint a successor to the Rights Agent. If the Company fails Corporation shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who willshall, with such notice, submit his Right Certificate for inspection by the CompanyCorporation), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company Corporation or by such a court, will shall be (a) a corporation or other legal entity Person organized and doing business under the laws of the United States or of the State States of Washington, New York or Delaware (or of any other state of the United States so long as such corporation Person is authorized to do business as a banking institution in the State States of Washington, New YorkYork or Delaware), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million50,000,000, or (b) an Affiliate of a Person described in clause (a) hereof. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, appointment the Company will Corporation shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Preferred Common Shares or the Common Preferred Shares, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Aptimus Inc)

Change of Rights Agent. The Rights Agent or any successor ---------------------- Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first class firstclass mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first class firstclass mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will shall be a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Mine Safety Appliances Co)

Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 calendar thirty (30) days' notice in writing mailed to the Company Company, and to each transfer agent of the Common Stock and Preferred Shares or the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 calendar thirty (30) days' notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Stock and Preferred Shares and the Common Shares Stock, by registered or certified mail, and to the holders of the Right Rights Certificates by first first-class mail. If the Rights Agent resigns shall resign or is be removed or shall otherwise becomes become incapable of acting, the Company will shall appoint a successor to the Rights Agent. If the Company fails shall fail to make such appointment within a period of 30 calendar thirty (30) days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Rights Certificate (who willshall, with such notice, submit his Right Rights Certificate for inspection by the Company), then the any registered holder of any Right Rights Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, will be shall be: (a) a corporation or other legal entity organized and doing business under the laws of the United States or of the State of New York (or of any other state State of the United States so long as such corporation is authorized to do business as a banking institution in the State of New York), in good standing, having a principal office in the State of New York, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state authority and which corporation or the parent corporation thereof has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million100,000,000 or (b) an affiliate of a corporation described in clause (a) above. After appointment, the successor Rights Agent will shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent will shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company will shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and the Preferred Shares or the Common SharesStock, and mail a notice thereof in writing to the registered holders of the Right Rights Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, will shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

Appears in 1 contract

Sources: Rights Agreement (Bestfoods)