Overissue. In the event that a Company decides to issue Share certificates and so informs AST, if AST receives a stock certificate not reflected in its records, AST will research records, if any, delivered to it upon its appointment as transfer agent from a prior transfer agent (or from the Company). If such records do not exist or if such certificate cannot be reconciled with such records, then AST will notify the Company. If neither the Company nor AST is able to reconcile such certificate with any records (so that the transfer of such certificate on the records maintained by AST would create an overissue), the Company shall within sixty (60) days either: (a) resolve the issue with the party that sent the stock certificate or take other legal action, (b) increase the number of its issued Shares, or (c) acquire and cancel a sufficient number of issued Shares, to correct the overissue. 12.
Appears in 2 contracts
Sources: Transfer Agency and Registrar Services Agreement (Neuberger Berman High Yield Strategies Fund Inc.), Transfer Agency and Registrar Services Agreement (Neuberger Berman Next Generation Connectivity Fund Inc.)