Execution, Delivery and Dating of Unit Certificates. (a) Upon the execution and delivery of this Agreement, and at any time and from time to time thereafter, pursuant to a Unit Order advising that the requirements for the issuance of Units have been satisfied, and solely for the convenience of Holders, Unit Certificates shall be executed and delivered by the Agent in accordance with this Agreement. For the avoidance of doubt, the Company shall have no rights or obligations with respect to the Treasury Strips evidenced by any Units. The execution of the Unit Certificates may be by manual or facsimile signature. (b) On the date hereof, the Agent shall, in accordance with the provisions of this Agreement, execute and deliver the Unit Certificates pursuant to a Unit Order, registered in such names and in denominations as directed in writing by the Representatives. (c) The Unit Certificates shall be manually executed on behalf of the Agent by a Responsible Officer. Unit Certificates bearing the manual signatures of individuals who were at any time Responsible Officers of the Agent shall bind the Agent, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the execution and delivery of such Unit Certificates or did not hold such offices at the date of such Unit Certificates. (d) Each Unit Certificate shall be dated the date of its execution.
Appears in 2 contracts
Sources: Purchase Contract and Unit Agreement (Nortel Networks Corp), Purchase Contract and Unit Agreement (Nortel Networks Corp)