Date of Issuance of Shares Clause Samples
The 'Date of Issuance of Shares' clause defines the specific date on which shares are formally issued to shareholders under an agreement. This clause typically outlines when the transfer of ownership becomes effective, such as upon completion of certain conditions or receipt of payment, and may specify how the date is determined in various scenarios. Its core function is to provide clarity and certainty regarding when shareholders obtain their rights and obligations, thereby preventing disputes about ownership and entitlement to dividends or voting rights.
Date of Issuance of Shares. AMLH will issue the Series E Preferred -------------------------- to any Holder which has elected to cancel Warrants within 10 days of the date of any distributions by the Partnership which the Holder would have received had the Holder exercised such Warrants. At such time, AMLH will issue the number of shares to which the Holder is entitled with respect to such distribution pursuant to the formula set forth in Section 9.2.
Date of Issuance of Shares. Each person in whose name any book-entry position or certificate, as applicable, for shares of Common Stock is issued shall for all purposes be deemed to have become the holder of record of such shares of Common Stock on the date on which the Warrant, or book-entry position representing such Warrant, was surrendered and payment of the applicable Warrant Price was made, irrespective of the date of delivery of such certificate in the case of a certificated Warrant, except that, if the date of such surrender and payment is a date when the share transfer books of the Company or book-entry system of the Warrant Agent are closed, such person shall be deemed to have become the holder of such shares of Common Stock at the close of business on the next succeeding date on which the share transfer books or book-entry system are open.
Date of Issuance of Shares. Each person in whose name any book-entry position or certificate, as applicable, for shares of Common Stock is issued shall for all purposes be deemed to have become the holder of record of such shares of Common Stock on the date on which the Warrant was surrendered and payment of the applicable Warrant Price was made, irrespective of the date of delivery of such certificate, except that, if the date of such surrender and payment is a date when the share transfer books of the Company are closed, such person shall be deemed to have become the holder of such shares of Common Stock at the close of business on the next succeeding date on which the share transfer books or book-entry system are open.