Issuance and Evidence of Rights Clause Samples
The 'Issuance and Evidence of Rights' clause defines how rights, such as shares or securities, are formally granted and documented to parties under an agreement. Typically, this clause outlines the procedures for issuing certificates or electronic records as proof of ownership or entitlement, and may specify the information these documents must contain. Its core practical function is to ensure that all parties have clear, verifiable evidence of their rights, reducing the risk of disputes over ownership or entitlements.
Issuance and Evidence of Rights. (a) One Right in respect of each Common Share outstanding at the Record Time and each Common Share which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time will be issued in accordance with the terms of this Agreement. Notwithstanding the foregoing, one Right in respect of each Common Share issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Voting Share Acquisition Date may be issued after the Separation Time but prior to the Expiration Time.
(b) Certificates representing Common Shares issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time will evidence one Right for each Common Share represented by that certificate and will have impressed on, printed on, written on or otherwise affixed to them the following legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in a Shareholder Rights Plan Agreement dated as of May 1, 2018, as may be amended or supplemented from time to time (the “Rights Agreement”), as that agreement may be amended or modified, between Primo Water Corporation (the “Corporation”) and Computershare Investor Services Inc. as Rights Agent, the terms of which are incorporated in this certificate by reference and a copy of which is on file at the principal executive offices of the Corporation. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and will thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Corporation will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request for that agreement.
(c) Certificates representing Common Shares that are issued and outstanding at the Record Time will evidence one Right for each Common Share evidenced by those certificates, notwithstanding the absence of the foregoing legend until the earlier of the Separation Time and Expiration Time.
Issuance and Evidence of Rights. (a) One Right has been issued effective as of 5:01 p.m. on May 21, 2002 (the “Record Time”) in respect of each Unit outstanding at the Record Time and one Right has and shall be issued in respect of each Unit which may be issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time shall be issued in accordance with the terms hereof. Notwithstanding the foregoing, one Right in respect of each Unit issued after the Record Time upon the exercise of rights pursuant to Convertible Securities outstanding at the Unit Acquisition Date may be issued after the Separation Time but prior to the Expiration Time.
(b) CertificatesIn the event that certificates representing Units are issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time, they shall evidence, in addition to the Units, one Right for each Unit represented thereby and shall have impressed on, printed on, written on or otherwise affixed to them, prior to the date hereof the legend set forth in the Original Agreement which legend shall be deemed amended for all purposes to read the same as the legend set forth below, and after the date hereof the following legend: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in aan Amended and Restated Unitholders Rights Plan Agreement dated as of May 21, 201325, 2016 (the “Rights Agreement”), between the Trustees of Canadian Apartment Properties Real Estate Investment Trust (the “Trust”) and Computershare Investor Services Inc., the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal executive offices of the Trust. In certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become void or may become exercisable and shall thereafter be evidenced by separate certificates and no longer evidenced by this certificate. The Trust will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge as soon as practicable after the receipt of a written request therefor. Any Units issued and registered in Book Entry Form after the Record Time but prior to the earlier of the Separation Time and the Expiration Time shall evidence, in addition to the Units, one Right for each Unit represented thereby and the registration record of such Units shall include the for...