Common use of Transfer, Split Up Clause in Contracts

Transfer, Split Up. Combination and Exchange of ----------------------------------------------- Right Certificates; Mutilated, Destroyed, Lost or Stolen Right -------------------------------------------------------------- Certificates. ------------ (a) Subject to the provisions hereof, at any time after the close of business on the Distribution Date and at or prior to the close of business on the Expiration Date, any Right Certificate or Certificates may be (i) transferred or (ii) split up, combined or exchanged for another Right Certificate or Right Certificates, entitling the registered holder to purchase a like number of one one-hundredths of a share of Series R Preferred Stock as the Right Certificate or Right Certificates surrendered then entitled such holder to purchase. Any registered holder desiring to transfer any (b) Upon receipt by the Corporation and the Rights Agent of evidence reasonably satisfactory to them of the loss, theft, destruction or mutilation of a Right Certificate, and, in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to them, and, if requested by the Corporation, reimbursement to the Corporation of all reasonable expenses incidental thereto, and upon surrender to the Rights Agent and cancellation of the Right Certificate if mutilated, the Corporation will execute and deliver a new Right Certificate of like tenor to the Rights Agent for delivery to the registered owner in lieu of the Right Certificate so lost, stolen, destroyed or mutilated.

Appears in 1 contract

Sources: Rights Agreement (Dc Holdco Inc)

Transfer, Split Up. Combination and Exchange of ----------------------------------------------- Right Rights -------------------------------------------------------- Certificates; Mutilated, Destroyed, Lost or Stolen Right -------------------------------------------------------------- Rights Certificates. ---------------------------------------------------------------------------------- (a) Subject to the provisions SECTIONS 4(b), 7(e) and 14 hereof, at any time after the close of business on the Distribution Date Date, and at or prior to the close of business on the Expiration Date, any Right Rights Certificate or Certificates may be (i) transferred or (ii) transferred, split up, combined or exchanged for another Right Rights Certificate or Right Certificates, entitling the registered holder to purchase a like number of one one-hundredths of a share of Series R Preferred Stock as the Right Certificate or Right Certificates surrendered then entitled such holder to purchase. Any registered holder desiring to transfer any(or, following a (b) Upon receipt by the Corporation Company and the Rights Agent of evidence reasonably satisfactory to them of the loss, theft, destruction or mutilation of a Right Rights Certificate, and, in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to them, and, if requested by the Corporation, and reimbursement to the Corporation Company and the Rights Agent of all reasonable expenses incidental thereto, and upon surrender to the Rights Agent and cancellation of the Right Rights Certificate if mutilated, the Corporation Company will execute and deliver a new Right Rights Certificate of like tenor to the Rights Agent for countersignature and delivery to the registered owner in lieu of the Right Rights Certificate so lost, stolen, destroyed or mutilated.

Appears in 1 contract

Sources: Rights Agreement (Capital Associates Inc)