Right to Receive Cash Sample Clauses

Right to Receive Cash. At the Anson Heritage Merger Effective Time, all rights of Anson's shareholders with respect to all then outstanding shares of Anson's no par value common stock ("Anson Stock") shall cease to exist and, as consideration for and to effectuate the Anson Heritage Merger (and except as otherwise provided below) each such outstanding share of Anson Stock (other than any shares held by shareholders who properly exercise "dissenters' rights" pursuant to Article 13 of the North Carolina Business Corporation Act as provided below) shall be converted, without any action on the part of the holder of such share, Uwharrie, Anson or Anson Heritage, into the right to receive $17.30 in cash. At the Anson Heritage Merger Effective Time, and without any action by Anson, Uwharrie or any holder of Anson stock, Anson's stock transfer books shall be closed as to shareholders of Anson Stock immediately prior to the Anson Heritage Merger Effective Time and, thereafter, no transfer of Anson Stock by any such holder may be made or registered; and the holders of shares of Anson Stock shall cease to be, and shall have no further rights as, shareholders of Anson other than as provided herein. Following the Anson Heritage Merger Effective Time, certificates representing shares of Anson Stock outstanding at the Anson Heritage Merger Effective Time (herein sometimes referred to as "Old Certificates") shall evidence only the right of the registered holder thereof to receive, and may be exchanged for, (i) a check for the amount of cash to which such holders shall have become entitled on the basis of the per share price set forth above, or, (ii) in the case of shares of Anson Stock held by shareholders who properly exercise "dissenters' rights" pursuant to Article 13 of the North Carolina Business Corporation Act as provided below, cash as provided in Article 13 of the North Carolina Business Corporation Act.
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Right to Receive Cash. Holders of Warrants and Restricted Share Units shall be entitled to receive any cash to which they are entitled hereunder by executing and delivering to the Depository such documentation as the Company may reasonably require acknowledging the cancellation and subsequent termination of the Warrants or Restricted Share Units, as applicable, held by such Holder in exchange for the consideration described in Article 3 hereof. Holders of Options shall be entitled to receive any net cash to which they are entitled hereunder by executing and delivering to the Depository such documentation as the Company may reasonably require acknowledging the exercise of the Options held by such Holder and the transfer to GSK of the Common Shares acquired on exercise of such Options in exchange for the consideration described in Article 3 hereof.
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Related to Right to Receive Cash

  • Right to Reject Notwithstanding Buyer’s rights pursuant to Sec. 8.5 and save other rights pursuant to this Order, Buyer may reject any goods within 2 months from the delivery if they are materially defective and in Buyer’s reasonable assessment do not allow a commercially reasonable use. In that case, no payments for these goods are due.

  • OUR RIGHT TO RECOVER PAYMENT A. If we make a payment under this policy and the person to or for whom payment was made has a right to recover damages from another we shall be subrogated to that right. That person shall do:

  • Right to Refuse Overtime All employees shall have the right to refuse to work overtime, except when required to do so in emergency situations, without being subject to disciplinary action for so refusing.

  • Rights of Holders to Receive Payment Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal of and premium, if any, and interest on, a Note, on or after the respective due dates therefor, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of the Holder.

  • Holder’s Right to Receive Notice Nothing herein shall be construed as conferring upon the Holders the right to vote or consent or to receive notice as a shareholder for the election of directors or any other matter, or as having any rights whatsoever as a shareholder of the Company. If, however, at any time prior to the expiration of the Purchase Warrants and their exercise, any of the events described in Section 8.2 shall occur, then, in one or more of said events, the Company shall give written notice of such event at least fifteen days prior to the date fixed as a record date or the date of closing the transfer books for the determination of the shareholders entitled to such dividend, distribution, conversion or exchange of securities or subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall specify such record date or the date of the closing of the transfer books, as the case may be. Notwithstanding the foregoing, the Company shall deliver to each Holder a copy of each notice given to the other shareholders of the Company at the same time and in the same manner that such notice is given to the shareholders.

  • Right to request (a) An employee entitled to parental leave may request the employer to allow the employee:

  • Right to Re-enter In the event of any such default by Tenant, Landlord shall have the right, after terminating this Lease, to re-enter the Premises and remove all persons and property. Such property may be removed and stored in a public warehouse or elsewhere at the cost of and for the account of Tenant, and disposed of by Landlord in any manner permitted by law.

  • Unconditional Right of Holders to Receive Payment Notwithstanding any other provision in this Indenture and any other provision of any Note, the right of any Holder of any Note to receive payment of the principal of, premium, if any, and interest on such Note on or after the respective Stated Maturities (or the respective Redemption Dates, in the case of redemption) expressed in such Note, or after such respective dates, shall not be impaired or affected without the consent of such Holder. ARTICLE SIX

  • Right to Receive Advice (a) Advice of the Fund. If PFPC is in doubt as to any action it should or ------------------ should not take, PFPC may request directions or advice, including Oral Instructions or Written Instructions, from the Fund.

  • Rights of the Holders to Receive Payment Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal of and interest on the Securities held by such Holder, on or after the respective due dates expressed or provided for in the Securities, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder.

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