Common use of Reissuance of Certificates Clause in Contracts

Reissuance of Certificates. In case fewer than the total number of Shares represented by any stock certificate are redeemed or converted, a new certificate representing the number of unredeemed and unconverted Shares will be issued to the holder thereof without cost to such holder within five (5) business days after surrender of the certificate representing the redeemed Shares.

Appears in 3 contracts

Sources: Settlement Agreement (Lanxide Corp), Securities Purchase Agreement (Commodore Environmental Services Inc /De/), Securities Purchase Agreement (Lanxide Corp)