Common use of No Certificate; Authentication Clause in Contracts

No Certificate; Authentication. (a) The CVRs shall not be evidenced by a certificate or other physical instrument. (b) No CVR shall be entitled to any benefit under this CVR Agreement or be valid or obligatory for any purposes unless it shall have been authenticated by the Rights Agent. At any time and from time to time after the execution and delivery of this CVR Agreement, the Company may instruct the Rights Agent, pursuant to a Company Order, to authenticate additional CVRs under this CVR Agreement in accordance with the terms of this CVR Agreement and such Company Order.2

Appears in 1 contract

Sources: Contingent Value Rights Agreement (Sirius International Insurance Group, Ltd.)

No Certificate; Authentication. (a) The CVRs shall not be evidenced by a certificate or other physical instrument. (b) No CVR shall be entitled to any benefit under this CVR Agreement or be valid or obligatory for any purposes unless it shall have been authenticated by the Rights Agent. At any time and from time to time after the execution and delivery of this CVR Agreement, the Company may instruct the Rights Agent, pursuant to a Company Order, to authenticate additional CVRs under this CVR Agreement in accordance with the terms of this CVR Agreement and such Company Order.2Order.

Appears in 1 contract

Sources: Contingent Value Rights Agreement (Third Point Reinsurance Ltd.)

No Certificate; Authentication. (ai) The CVRs shall not be evidenced by a certificate or other physical instrument. (bii) No CVR shall be entitled to any benefit under this CVR Agreement or be valid or obligatory for any purposes unless it shall have been authenticated by the Rights Agent. At any time and from time to time after the execution and delivery of this CVR Agreement, the Company may instruct the Rights Agent, pursuant to a Company Order, to authenticate additional CVRs under this CVR Agreement in accordance with the terms of this CVR Agreement and such Company Order.2

Appears in 1 contract

Sources: Contingent Value Rights Agreement (Third Point Reinsurance Ltd.)