Transfer Books Closed Sample Clauses
The 'Transfer Books Closed' clause defines periods during which the official records of ownership for securities, such as shares or bonds, are temporarily frozen and no transfers or changes in ownership are recorded. Typically, this occurs around key corporate events like dividend declarations or shareholder meetings, ensuring that the company can accurately determine who is entitled to receive dividends or vote. By temporarily closing the transfer books, the clause prevents confusion or disputes over ownership rights during critical times, thereby ensuring administrative clarity and fairness.
Transfer Books Closed. From and after the Effective Time, the transfer books of the Company shall be closed, and there shall be no further registration of transfers on the transfer books of the Company of the Company Common Shares that were outstanding immediately prior to the Effective Time.
Transfer Books Closed. The Company shall not be required to deliver certificates for or other evidence of Shares while the share transfer books of the Company are closed (in accordance with the Company’s corporate governance documents and applicable law) for any lawful purpose, and in the event of the surrender of any Warrant in accordance with the provisions hereof and the making of any subscription and payment for the Shares called for thereby during any such period, mailing of certificates for or other evidence of Shares may be postponed for a period not exceeding seven days after the date of the re-opening of said share transfer books.
Transfer Books Closed. At the Effective Time, the transfer books of GP LLC and Development shall be deemed closed, and no transfer of membership interests of GP LLC or partnership interests of Development shall thereafter be made or consummated.
Transfer Books Closed. After the Effective Time, no transfer of the Common Shares outstanding prior to the Effective Time shall be made on the stock transfer books of the Corporation. Any purported transfer contrary to this Section 3.6 shall be null and void, and shall not be recognized by the Corporation or any other person.