Common use of Delisting Event Clause in Contracts

Delisting Event. Occurs when, after the original issuance of the Series C Preferred Stock, both (i) the Series C Preferred Stock is not listed on the New York Stock Exchange, or the NYSE, the NYSE Amex or the NASDAQ, or listed or quoted on an exchange or quotation system that is a successor to the NYSE, the NYSE Amex or the NASDAQ, and (ii) the Issuer is not subject to the reporting requirements of the Exchange Act of 1934, as amended, or the Exchange Act, but any Series C Preferred Stock is outstanding.

Appears in 1 contract

Sources: Underwriting Agreement (Monmouth Real Estate Investment Corp)

Delisting Event. Occurs when, after the original issuance of the Series C Preferred StockStock (whether before or after July 26, 2022), both (i) the Series C Preferred Stock is not listed on the New York Stock Exchange, or the NYSE, the NYSE Amex MKT LLC or the Nasdaq Stock Market ("NASDAQ, ") or listed or quoted on an exchange or quotation system that is a successor to the NYSE, the NYSE Amex MKT LLC or the NASDAQ, NASDAQ and (ii) the Issuer is not subject to the reporting requirements of the Exchange Act of 1934, as amended, or the Exchange Act, but any Series C Preferred Stock is outstanding.

Appears in 1 contract

Sources: Underwriting Agreement (Umh Properties, Inc.)