Common use of No Action after Notice Clause in Contracts

No Action after Notice. The Corporation covenants that it will not close its transfer books or take any other corporate action which might deprive the holder of the opportunity to exercise its right of acquisition pursuant thereto during the period of twenty-one calendar days after the giving of the certificate or notices set forth in 0 and 0.

Appears in 2 contracts

Sources: Combination Agreement (Acetex Corp), Combination Agreement (Acetex Corp)

No Action after Notice. The Corporation covenants that it will not close its transfer books or take any other corporate action which might deprive the holder Debentureholder of the opportunity to exercise its their right of acquisition conversion pursuant thereto during the period of twenty-one calendar 14 days after the giving of the certificate or notices set forth in 0 Sections 7.7 and 07.8.

Appears in 1 contract

Sources: Trust Indenture (Surge Global Energy, Inc.)