Apex Certificate definition
Examples of Apex Certificate in a sentence
In the event such Apex are Book-Entry Apex, upon such exchange the Property Trustee, in its capacity as Securities Registrar, shall cause an annotation to be made on the Book-Entry Apex Certificate or Certificates evidencing such Book-Entry Apex to evidence the reduction in the liquidation amount thereof resulting from such cancellation.
Every Apex Certificate presented or surrendered for registration of transfer or exchange shall be accompanied by a written instrument of transfer in form satisfactory to an Administrative TRUST AGREEMENT Trustee and the Securities Registrar duly executed by the Holder or his attorney duly authorized in writing.
Upon surrender for registration of transfer of any Apex Certificate at the office or agency maintained pursuant to Section 5.8, the Administrative Trustees or any one of them shall execute on behalf of the Issuer Trust and deliver, in the name of the designated transferee or transferees, one or more new Apex Certificates in authorized denominations of a like aggregate Liquidation Amount dated the date of execution by such Administrative Trustee or Trustees.
Upon surrender to the Administrative Trustees of the typewritten Apex Certificate or Certificates representing the Book-Entry Apex Certificates by the Clearing Agency, accompanied by registration instructions, the Administrative Trustees, or any one of them, shall execute the Definitive Apex Certificates in accordance with the instructions of the Clearing Agency.
Interests of Owners in a Book-Entry Apex Certificate may be transferred in accordance with the rules and procedures of the Clearing Agency.
Each Apex Certificate surrendered for registration of transfer or exchange shall be canceled and subsequently disposed of by an Administrative Trustee or the Securities Registrar in accordance with such Person’s customary practice.
At or after the Effective Time, upon the request of the Holder of any Trust Securities represented by a Predecessor Common Securities Certificate or Predecessor Apex Certificate issued prior to the Effective Time and surrender of such certificate, an Administrative Trustee shall cause Trust Securities Certificates of the applicable Series to be executed on behalf of the Issuer Trust and delivered to such Holder.
As of the Effective Time, the obligations of Apex to dissolve or liquidate within a specified time period as contained in the Apex Certificate of Incorporation will be terminated and Apex shall have no obligation whatsoever to dissolve and liquidate the assets of Apex by reason of the consummation of the Mergers or otherwise, and no stockholder of Apex shall be entitled to receive any amount from the Trust Account.