Cancellation Certificates definition
Examples of Cancellation Certificates in a sentence
The Stockholders, Lamb Senior, Lamb Junior and the Purchasers hereby agree that the Certificates representing the Common Stock, the Cancellation Certificates representing the Cancellation Shares and the Purchase Price representing the consideration for said Common Stock have been deposited in an escrow account.
Upon such resignation or withdrawal, Escrow Agent shall deliver over to the successor escrow agent the Certificates and the Cancellation Certificates and, upon such delivery, shall thereafter be released and relieved B2-5 from any and all further liability and responsibility thereafter accruing hereunder.
Lamb Senior and Lamb Junior have been delivered the Cancellation Certificates to Escrow Agent with stock powers upon execution of this Agreement.
If, after the Effective Time, Company Common Stock Certificates or Option Cancellation Certificates are presented to the Surviving Corporation, they shall be cancelled and exchanged as provided in this Article III.
The Cancellation Certificates representing the Cancellation Shares shall be duly executed.