Stock Certificates and Powers Clause Samples

The 'Stock Certificates and Powers' clause governs the issuance, handling, and transfer of stock certificates and the related powers of attorney or transfer documents. It typically outlines the procedures for delivering physical or electronic stock certificates to shareholders and may require the execution of stock powers to facilitate the transfer or pledge of shares. This clause ensures that the ownership and transfer of shares are properly documented and legally effective, thereby reducing the risk of disputes over share ownership and streamlining the process for future transactions involving the shares.
Stock Certificates and Powers. All Equity Interests of the New Obligated Parties shall have been pledged pursuant to the Security Agreement, and the Administrative Agent shall have received all certificates representing the Equity Interests of the New Obligated Parties accompanied by any instruments of transfer and/or undated powers endorsed in blank.
View SourceView Similar (3)
Stock Certificates and Powers. If not previously delivered to the Administrative Agent, (i) delivery of 100% of the stock of each Subsidiary of the U.S. Borrower domiciled in the United States and 66% of the stock of each Subsidiary of the U.S. Borrower domiciled outside of the United States (other than a Subsidiary owned as part of or in connection with the Chinese Investment) to secure the obligations of the U.S. Borrower under the Loan Document and (ii) delivery of 100% of the stock of each Subsidiary of the Canadian Borrower to secure the obligations of the Canadian Borrower under the Loan Documents, along with duly executed stock powers, and such other documents and instruments as required by the Stock Pledge Agreements.
View SourceView Similar (3)
Stock Certificates and Powers. No later than 90 days after the Closing Date (as such date may be extended by the Administrative Agent in its sole discretion), the Administrative Agent shall have received the original stock certificate and undated stock power for each of the following entities: (a) AECOM Ingeneria, S.A. de C.V (b) Professional Insurance Limited
View Source
Stock Certificates and Powers. The Agent shall have received (A) one or more stock certificate(s) representing the Series A Preferred Stock referred to in the Subordination Agreement, and (B) executed stock powers in blank for each such certificate;
View Source
Stock Certificates and Powers. From each New Subsidiary becoming a party to the Pledge Agreement: (I) all certificates, if any, representing all equity interests in other New Subsidiaries or Loan Parties owned or to be owned by such New Subsidiary and (II) stock powers duly endorsed in blank by such New Subsidiary relating to all such certificates; and
View Source
Stock Certificates and Powers. The duly executed stock certificates (i) representing all of the Capital Stock of ▇▇▇▇▇ ▇▇▇▇▇ & Sons U.S., Inc. owned by the U.S. Borrower delivered to the Administrative Agent and (ii) representing all of the additional Capital Stock of the U.S. Borrower issued to the Canadian Borrower in connection with the Acquisition delivered to the Canadian Agent, together with transfer powers duly endorsed in blank.
View Source
Stock Certificates and Powers. Within fifteen (15) days after the Fourth Amendment Effective Date (or such later date as the Administrative Agent may agree in its sole discretion), the Administrative Agent shall have received all certificates representing the Equity Interests of the New Obligated Parties, if any, accompanied by any instruments of transfer and/or undated powers endorsed in blank.
View Source
Stock Certificates and Powers. Within three (3) days after the Closing Date (unless extended by the Administrative Agent in its sole discretion), the US Borrower shall have delivered original stock certificates (in each case, together with a stock power) to the Administrative Agent representing the Equity Interests of the following entities: DXP Canada Enterprises Ltd. 100% owned by DXP Enterprises, Inc. Force Engineered Products, Inc. 100% owned by DXP Enterprises, Inc. Aledco, Inc. 100% owned by DXP Enterprises, Inc. Quadna, A DXP Company 100% owned by DXP Enterprises, Inc. HSE Integrated Inc. 100% owned by HSE Integrated Ltd.
View Source
Stock Certificates and Powers. Within 10 days after the execution of this Agreement, Debtor shall deliver to the Collateral Agent each certificate representing one or more shares of Pledged Stock owned by Debtor, together with an undated stock power covering such certificate, duly executed in blank by Debtor. Within 10 days after the earlier to occur of (i) the satisfaction in full of all of the Obligations and (ii) the payment by the Company of the Payments (as such term is defined in the Forbearance Agreement) in full on or prior to the Forbearance Termination Date (as such term is defined in the Forbearance Agreement), the Collateral Agent shall return each such certificate and stock power to Debtor and shall file a UCC termination statement with respect to each UCC financing statement filed with respect to the Collateral.
View Source

Related to Stock Certificates and Powers

  • Stock Certificates Certificates representing the Common Stock issued pursuant to the Award will bear all legends required by law and necessary or advisable to effectuate the provisions of the Plan and this Award. The Company may place a “stop transfer” order against shares of the Common Stock issued pursuant to this Award until all restrictions and conditions set forth in the Plan or this Agreement and in the legends referred to in this Section 12 have been complied with.

  • Legend on Stock Certificates Certificates evidencing the Option Shares, to the extent appropriate at the time, shall have noted conspicuously on the certificates a legend intended to give all persons full notice of the existence of the conditions, restrictions, rights and obligations set forth herein and in the Plan.

  • STOCK AND STOCK CERTIFICATES Section 1. Shares of stock shall be transferrable on the books of the Company and a transfer book shall be kept in which all transfers of stock shall be recorded. Section 2. Certificate of stock shall bear the signature of the President or any Vice President, however denominated by the Board of Directors and countersigned by the Secretary or Treasurer or an Assistant Secretary, and the seal of the corporation shall be engraved thereon. Each certificate shall recite that the stock represented thereby is transferrable only upon the books of the Company by the holder thereof or his attorney, upon surrender of the certificate properly endorsed. Any certificate of stock surrendered to the Company shall be cancelled at the time of transfer, and before a new certificate or certificates shall be issued in lieu thereof. Duplicate certificates of stock shall be issued only upon giving such security as may be satisfactory to the Board of Directors or the Executive Committee. Section 3. The Board of Directors of the Company is authorized to fix in advance a record date for the determination of the stockholders entitled to notice of, and to vote at, any meeting of stockholders and any adjournment thereof, or entitled to receive payment of any dividend, or to any allotment or rights, or to exercise any rights in respect of any change, conversion or exchange of capital stock, or in connection with obtaining the consent of stockholders for any purpose, which record date shall not be more than 60 nor less than 10 days proceeding the date of any meeting of stockholders or the date for the payment of any dividend, or the date for the allotment of rights, or the date when any change or conversion or exchange of capital stock shall go into effect, or a date in connection with obtaining such consent.

  • Stock Certificate Please issue a certificate or certificates representing the shares in the name of: ¨ The undersigned ¨ Other—Name:

  • Delivery of Stock Certificates, etc on Exercise. The Company agrees that the shares of Common Stock purchased upon exercise of this Warrant shall be deemed to be issued to the Holder as the record owner of such shares as of the close of business on the date on which this Warrant shall have been surrendered and payment made for such shares in accordance herewith. As soon as practicable after the exercise of this Warrant in full or in part, and in any event within three (3) business days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to the Holder, or as such Holder (upon payment by such Holder of any applicable transfer taxes) may direct in compliance with applicable securities laws, a certificate or certificates for the number of duly and validly issued, fully paid and nonassessable shares of Common Stock (or Other Securities) to which such Holder shall be entitled on such exercise, plus, in lieu of any fractional share to which such holder would otherwise be entitled, cash equal to such fraction multiplied by the then Fair Market Value of one full share, together with any other stock or other securities and property (including cash, where applicable) to which such Holder is entitled upon such exercise pursuant to Section 1 or otherwise.