Common use of Actions Following Termination Clause in Contracts

Actions Following Termination. (i) As soon as practicable after the termination of this Agreement, the Trustee shall by formal assignment of the Trustee Shares cause the Company to deliver to the Beneficiary share certificates or securities representing the number of Shares together with any other property distributed in respect of such Shares and not yet delivered to the beneficial owner, upon the surrender of such Certificates properly endorsed.

Appears in 2 contracts

Samples: Preferred Stock and Warrant Purchase Agreement (Rhythms Net Connections Inc), Voting Trust Agreement (Rhythms Net Connections Inc)

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Actions Following Termination. (i) As soon as practicable after the termination of this Agreement, the Trustee shall by formal assignment of the Trustee Shares cause the Company to deliver to the Beneficiary share certificates or securities representing the number of Shares together with any other property distributed in respect of such Shares and not yet delivered to the beneficial owner, upon the surrender of such Certificates properly endorsed.

Appears in 1 contract

Samples: Voting Trust Agreement (Rhythms Net Connections Inc)

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Actions Following Termination. (i) As soon as practicable after the termination of this Agreement, the Trustee shall by formal assignment of the Trustee Trust Shares cause the Company to deliver to the Beneficiary Trust Beneficiaries share certificates or securities representing the number of Trust Shares (together with any other property distributed in respect of such Trust Shares and not yet delivered to the beneficial owner, upon the surrender of such Certificates properly endorsedrelevant Trust Beneficiary).

Appears in 1 contract

Samples: Voting Trust Agreement (Collexis Holdings, Inc.)

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