Surrender of Certificate Clause Samples
The Surrender of Certificate clause requires a party to return or relinquish a specific certificate, typically upon the termination or expiration of an agreement or upon request. In practice, this may involve handing back a license, permit, or other official document that was issued as part of the contractual relationship. This clause ensures that control over important documents is maintained and prevents unauthorized use or misrepresentation after the agreement ends.
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Surrender of Certificate. 2.1 EVERY Noteholder any part of whose Notes is due to be repaid under any of the provision of these Conditions shall not later than the due date for such prepayment deliver up to the Company at its registered office for the time being or such other place as the Company may from time to time notify the Noteholders the Certificate(s) of his Notes which are due to be repaid in order that the same may be cancelled and upon such delivery and against a receipt if the Company shall so require for the principal moneys payable in respect of the Notes to be redeemed the Company shall pay to the Noteholder the amount payable to him in respect of such redemption and such payment shall be made through a bank on behalf of the Company if the Company shall think fit PROVIDED THAT if any Certificate(s) so delivered to the Company includes any Notes not redeemable on the occasion on which it is so delivered a fresh Certificate for the balance of the Notes not redeemable on that occasion shall be issued free of charge to the Noteholder delivering such Certificate to the Company.
2.2 If any Noteholder any part of whose Notes is liable to be repaid under these Conditions shall fail or refuse to deliver up the Certificate(s) for such Notes at the time and place fixed for repayment thereof or shall fail or refuse to accept payment of the redemption or the repayment moneys payable in respect thereof the moneys payable to such Noteholder shall be set aside by the Company and paid into a separate interest bearing bank account and held by the Company in trust for such Noteholder and such setting aside shall be deemed for all the purposes of these Conditions to be a payment to such Noteholder and the Company shall thereby be discharged from all obligations in connection with such Notes. If the Company shall place the said moneys on deposit at a bank the Company shall not be responsible for the safe custody of such moneys or for interest thereon except such interest (if any) as said moneys may earn whilst on deposit less any expenses incurred by the Company in connection therewith. Any such amount so paid or deposited which remains unclaimed after a period of twelve years from the making of the payment in or deposit shall revert to the Company notwithstanding that in the intervening period the obligations to pay the same may have been provided for in the books accounts and other records of the Company.
Surrender of Certificate. Upon the execution and delivery of this Agreement, Astrom shall deliver to the Corporation the certificates representing the Stock.
Surrender of Certificate. (s), Lost Certificate(s): For any election contained herein to be effective, this Election Form and Letter of Transmittal must be accompanied by the certificate(s) evidencing your shares or confirmation of book-entry transfer, as applicable, and any required accompanying evidence of authority. If your certificate(s) has been lost, stolen, misplaced or destroyed, contact Computershare at (▇▇▇) ▇▇▇-▇▇▇▇ prior to submitting this Election Form and Letter of Transmittal.
Surrender of Certificate. As promptly as practicable after the Effective Date, Glacier will send or cause to be sent to each former shareholder of WesterFed of record immediately prior to the Effective Date (other than with respect to Dissenting Shares, Excluded Shares and holders who tendered their certificates with their Forms of Election) instructions for exchanging such shareholder's certificates for WesterFed Common Stock for the Merger Consideration set forth in Section 1.3. WesterFed shareholders will exchange WesterFed Common Stock certificates by surrendering them to the exchange agent appointed by Glacier (the "Exchange Agent"), in accordance with the instructions provided by the Exchange Agent and together with a properly completed and executed form of transmittal letter. Until a holder's certificate evidencing WesterFed Common Stock is so surrendered, the holder will not be entitled to receive any Merger Consideration with respect thereto.
Surrender of Certificate. The holder of any shares of Series C Preferred Stock redeemed pursuant to the redemption rights herein shall not be entitled to receive payment for such shares until such holder shall cause to be delivered to the Corporation's principal office or such other place as the corporation may specify, (i) the certificates representing such shares of Series C Preferred Stock and (ii) transfer instrument(s) satisfactory to the corporation and sufficient to transfer such shares of Series C Preferred Stock to the Corporation free of any adverse interest.
Surrender of Certificate. On or before the Annuitization Date, you may elect by written notice to terminate participation and surrender the Certificate for the Surrender Value. Upon receipt of such notice at our Processing Office, we will determine the Surrender Value as of the date we received such notice. The payment of such Surrender Value may be deferred by us in accordance with the provisions of this Certificate.
Surrender of Certificate. 9 1.11.2 Issuance of Merger Consideration in Other Names........................9 1.11.3 Lost, Stolen, and Destroyed Certificates...............................9 1.11.4 Rights to Dividends and Distributions..................................9 1.11.5 Delivery of Merger Consideration to Exchange Agent....................10 1.11.6 Affiliates' Certificates..............................................10 1.12
Surrender of Certificate. Notes shall only be redeemed against surrender of the relevant Certificate(s) for cancellation in the case of full redemption and for the enfacement of a memorandum of the amount and date of redemption in the case of partial redemption.
Surrender of Certificate. Any Warrant Certificate surrendered for exercise or purchase shall be promptly cancelled and shall not be reissued by the Company. The Company shall destroy such cancelled Warrant Certificates.
Surrender of Certificate. 15.1 The certificate owner may surrender the certificate of takaful by giving us written notice and returning the certificate of takaful before the expiry date and the certificate will end upon the certificate monthly anniversary after receiving the notice.
15.2 The value of the participant’s account (if any) less surrender charge and any indebtedness shall be payable.
15.3 The surrender charge shall be as prescribed in the certificate of takaful. It is not guaranteed and may be revised by giving you at least 30 days’ written notice. Any revision shall be effected on the next certificate anniversary after the 30 days’ notice period.
15.4 We will not make any payment on surrender with amount less than RM2. However, any amount withheld will be utilised as donation to any charitable organisation as approved by our Shariah Committee.
15.5 Clause 7 would apply if certificate owner cancels the certificate of takaful within the free look period.