Common use of TAKING OF RECORD; STOCK AND WARRANT TRANSFER BOOKS Clause in Contracts

TAKING OF RECORD; STOCK AND WARRANT TRANSFER BOOKS. In the case of all dividends or other distributions by the Corporation to the holders of its Common Stock with respect to which any provision of Article III refers to the taking of a record of such holders, in each such case the Corporation will not declare, pay or make any such dividend or distribution unless it shall take such a record and the Corporation take each such record as of the close of business on a Business Day. The Corporation will not at any time, except upon dissolution, liquidation or winding up of the Corporation, close its stock transfer books or Warrant transfer books so as to result in preventing or delaying the exercise or transfer of any Warrant.

Appears in 1 contract

Sources: Securities Purchase Agreement (TPG Advisors Iii Inc)

TAKING OF RECORD; STOCK AND WARRANT TRANSFER BOOKS. In the -------------------------------------------------- case of all dividends or other distributions by the Corporation to the holders of its Common Stock with respect to which any provision of Article III refers to ----------- the taking of a record of such holders, in each such case the Corporation will not declare, pay or make any such dividend or distribution unless it shall take such a record and the Corporation take each such record as of the close of business on a Business Day. The Corporation will not at any time, except upon dissolution, liquidation or winding up of the Corporation, close its stock transfer books or Warrant transfer books so as to result in preventing or delaying the exercise or transfer of any Warrant.

Appears in 1 contract

Sources: Warrant Agreement (Convergent Communications Inc /Co)

TAKING OF RECORD; STOCK AND WARRANT TRANSFER BOOKS. In the -------------------------------------------------- case of all dividends or other distributions by the Corporation to the holders of its Common Stock with respect to which any provision of Article III refers to the taking of a record of such holders, in each such case the Corporation will not declare, pay or make any such dividend or distribution unless it shall take such a record and the Corporation take each such record as of the close of business on a Business Day. The Corporation will not at any time, except upon dissolution, liquidation or winding up of the Corporation, close its stock transfer books or Warrant transfer books so as to result in preventing or delaying the exercise or transfer of any Warrant.

Appears in 1 contract

Sources: Warrant Agreement (Convergent Communications Inc /Co)