Common use of Transfer of Trust Certificates Clause in Contracts

Transfer of Trust Certificates. Each Trust Certificate issued hereunder and the interest in shares represented thereby shall be transferable only upon the books of the Trustees by the registered holder in person or by attorney upon surrender of the same properly endorsed or accompanied by a properly executed instrument of transfer and upon payment of any transfer taxes payable on such transfer, and in accordance with rules established from time to time for that purpose by the Trustees. Each transfer so made shall vest in the transferee all right and interest of the transferor in and under the Trust Certificate and this Agreement with respect to the number of shares which the endorsement or transfer evidences; and thereupon the Trustees will deliver, or cause to be delivered, to the person or persons entitled, a new Trust Certificate or Certificates for the number or numbers of interests in Common Shares of the Company indicated by the endorsement or instrument of transfer. Until such transfer, the Trustees may treat the registered holder of a Trust Certificate as the owner thereof for all purposes whatsoever. The transfer books for the Trust Certificates may be closed by the Trustees at any time prior to the payment or distribution of dividends or for any other purpose. Each transferee of a Trust Certificate issued hereunder shall by the acceptance of a Trust Certificate become a party hereto with like effect as though a Signing Shareholder and shall be embraced within the meaning of the terms “Trust Certificate holder” or “holder of a Trust Certificate” wherever used herein.

Transfer of Trust Certificates. Each The Trust Certificate issued hereunder and the interest in shares represented thereby Certificates shall be transferable only upon in accordance with the books following provisions: (i) the Trust Certificates may only be transferred to an Affiliate of the Trustees Stockholder; (ii) such transfer may only be effected by delivery to the Trustee of the Trust Certificate duly endorsed in proper form for transfer; and (iii) no Trust Certificate may be transferred without an instruction from the Stockholder, countersigned by the registered holder in person or by attorney upon surrender transferee, and a certificate from the Stockholder and, at the Trustee’s request, an Opinion of Counsel of the same properly endorsed or accompanied by a properly executed instrument of Stockholder, in each case delivered to the Trustee and stating that such transfer is permissible under the Investment Agreement, the Trust Agreement and upon payment applicable securities laws. Upon completion of any transfer taxes payable on such transferpermitted by this Paragraph 5, and in accordance with rules established from time the Trustee shall (x) issue to time for that purpose by the Trustees. Each transfer so made shall vest in the transferee all right and interest of the transferor in and under the Trust Certificate and this Agreement with respect to the number of shares which the endorsement or transfer evidences; and thereupon the Trustees will deliver, or cause to be delivered, to the person or persons entitled, a new Trust Certificate or Certificates for registered in the number or numbers of interests in Common Shares of the Company indicated by the endorsement or instrument of transfer. Until transferee’s name evidencing such transfer, (y) make such notations in the Trustees may treat the registered holder register of a Trust Certificate Holders maintained by the Trustee as may be appropriate to reflect such transfer and (z) treat such person in whose name the trust certificate is registered in the Trustee’s register as owner thereof for all purposes whatsoever. The transfer books for the Trust Certificates may be closed by the Trustees at any time prior to the payment or distribution of dividends or for any other purposepurposes. Each transferee of a Trust Certificate issued Holder hereunder shall shall, by the his acceptance of a Trust Certificate thereof, assent to and become a party hereto with like effect as though a Signing Shareholder to this Trust Agreement, and shall assume all attendant rights and obligations. Any transfer of Trust Certificates in violation of this Paragraph 5 shall be embraced within null and void. It is understood that the meaning Trustee shall not be responsible for determining the conditions to transfer of the terms “any Trust Certificate holder” or “holder of a Trust Certificate” wherever used hereinCertificates hereunder.

Transfer of Trust Certificates. Each Trust Certificate issued hereunder and the interest in shares represented thereby shall be transferable only upon the books of the Trustees by the registered holder in person or by attorney upon surrender of the same properly endorsed or accompanied by a properly executed instrument of transfer and upon payment of any transfer taxes payable on such transfer, and in accordance with rules established from time to time for that purpose by the Trustees. Each transfer so made shall vest in the transferee all right and interest of the transferor in and under the Trust Certificate and this Agreement with respect to the number of shares which the endorsement or transfer evidences; and thereupon the Trustees will deliver, or cause to be delivered, to the person or persons entitled, a new Trust Certificate or Certificates for the number or numbers of interests in Common Shares of the Company indicated by the endorsement or instrument of transfer. Until such transfer, the Trustees may treat the registered holder of a Trust Certificate as the owner thereof for all purposes whatsoever. The transfer books for the Trust Trust, Certificates may be closed by the Trustees at any time prior to the payment or distribution of dividends or for any other purpose. Each transferee of a Trust Certificate issued hereunder shall by the acceptance of a Trust Certificate become a party hereto with like effect as though a Signing Shareholder and shall be embraced within the meaning of the terms “"Trust Certificate holder” " or “"holder of a Trust Certificate” " wherever used herein.

Transfer of Trust Certificates. Each Trust Certificate issued hereunder and the interest in shares represented thereby shall be transferable only upon the books of the Trustees by the registered holder in person or by attorney upon surrender of the same properly endorsed or accompanied by a properly executed instrument of transfer and upon payment of any transfer taxes payable on such transfer, and in accordance with rules established from time to time for that purpose by the Trustees. Each transfer so made shall vest in the transferee all right and interest of the transferor in and under the Trust Certificate and this Agreement with respect to the number of shares which the endorsement or transfer evidences; and thereupon the Trustees will deliver, or cause to be delivered, to the person or persons entitled, a new Trust Certificate or Certificates for the number or numbers of interests in Common Shares of the Company indicated by the endorsement or instrument of transfer. Until such transfer, the Trustees may treat the registered holder of a Trust Certificate as the owner thereof for all purposes whatsoever. The transfer books for the Trust Certificates may be closed by the Trustees at any time prior to the payment or distribution of dividends or for any other purpose. Each transferee of a Trust Certificate issued hereunder shall by the acceptance of a Trust Certificate become a party hereto with like effect as though a Signing Shareholder and shall be embraced within the meaning of the terms “"Trust Certificate holder” " or “"holder of a Trust Certificate” " wherever used herein.

Transfer of Trust Certificates. Each Trust Certificate issued hereunder and the interest in shares represented thereby shall be transferable only upon the books of the Trustees by the registered holder in person or by attorney upon surrender of the same properly endorsed or accompanied by a properly executed instrument of transfer and upon payment of any transfer taxes payable on such transfer, and in accordance with rules established from time to time for that purpose by the Trustees. Each transfer so made shall vest in the transferee all right and interest of the transferor in and under the Trust Certificate and this Agreement with respect to the number of shares which the endorsement or transfer evidences; and thereupon the Trustees will deliver, or cause to be delivered, to the person or persons entitled, a new Trust Certificate or Certificates for the number or numbers of interests in Common Shares of the Company indicated by the endorsement or instrument of transfer. Until such transfer, the Trustees may treat the registered holder of a Trust Certificate as the owner thereof for all purposes whatsoever. The transfer books for the Trust Certificates may be closed by the Trustees at any time prior to the payment or distribution of dividends or for any other purpose. Each transferee of a Trust Certificate issued hereunder shall by the acceptance of a Trust Certificate become a party hereto with like effect as though a Signing Shareholder and shall be embraced within the meaning of the terms “"Trust Certificate holder” " or “"holder of a Trust Certificate” " wherever used herein.