Common use of Procedure for Deficient Items Clause in Contracts

Procedure for Deficient Items. 2.1 Agent shall examine the Letter of Transmittal and certificates for the Shares received by it as agent to ascertain whether they appear to have been completed and executed in accordance with the instructions set forth in the Letter of Transmittal. In the event Agent determines that any Letter of Transmittal does not appear to have been properly completed or executed, or where the certificates representing the Shares do not appear to be in proper form for surrender, or any other deficiency in connection with the surrender appears to exist, the Purchaser authorizes and instructs Agent to follow, where possible, its regular procedures, set forth in Article III, Section 2.3 below, to attempt to cause such irregularity to be corrected. Agent is not authorized to waive any deficiency in connection with the surrender, unless the Purchaser provides written authorization to waive such deficiency, subject to applicable law and regulations.

Appears in 13 contracts

Samples: Depositary and Information Agent Agreement (Tortoise Energy Infrastructure Corp), Depositary and Information Agent Agreement (Tortoise Energy Independence Fund, Inc.), Depositary and Information Agent Agreement (Tortoise Power & Energy Infrastructure Fund Inc)

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Procedure for Deficient Items. 2.1 8.1 Agent shall examine the Letter of Transmittal and certificates for the Shares received by it as paying agent to ascertain whether they appear to have been completed and executed in accordance with the instructions set forth in the Letter of Transmittal. In the event Agent determines that any Letter of Transmittal does not appear to have been properly completed or executed, or where the certificates representing the Shares do not appear to be in proper form for surrender, or any other deficiency in connection with the surrender appears to exist, the Purchaser Seller Representative authorizes and instructs Agent to follow, where possible, its regular procedures, set forth in Article III, Section 2.3 8.3 below, to attempt to cause such irregularity to be corrected. Agent is not authorized to waive any deficiency in connection with the surrender, unless the Purchaser Seller Representative provides written authorization to waive such deficiency, subject to applicable law and regulations.

Appears in 1 contract

Samples: Escrow Agreement (Blackhawk Network Holdings, Inc)

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Procedure for Deficient Items. 2.1 8.1 Agent shall examine the Letter of Transmittal and shareholder instructions, any certificates for the Shares Class B Shares, and any Ownership Certifications received by it as agent Agent to ascertain whether they appear to have been completed and executed in accordance with the instructions set forth in the Letter of Transmittalby Company. In the event that Agent determines that any Letter of Transmittal does shareholder instructions or Ownership Certifications do not appear to have been properly completed or executed, or where the certificates representing the Class B Shares do not appear to be in proper form for surrender, or any other deficiency in connection with the surrender appears to exist, the Purchaser Company authorizes and instructs Agent to follow, where possible, its regular procedures, set forth in Article IIISection 8.3, Section 2.3 below, to attempt to cause such irregularity to be corrected. Agent is not authorized to waive any deficiency in connection with the surrender, unless the Purchaser Company provides written authorization to waive such deficiency, subject to applicable law and regulations.

Appears in 1 contract

Samples: Voluntary Conversion Agent Agreement (iHeartMedia, Inc.)

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