CVR definition
Examples of CVR in a sentence
A Holder may at any time, at such ▇▇▇▇▇▇’s option, abandon all of such ▇▇▇▇▇▇’s remaining rights represented by CVRs by transferring such CVR to the Company without consideration in compensation therefor, and such rights will be cancelled, with the Rights Agent being promptly notified in writing by the Company of such transfer and cancellation.
The Acting Holders may appoint an independent accounting firm, reasonably acceptable to the Company, to audit these records to confirm payments, covering the period from the first CVR Payment Period with Gross Proceeds to the end of the CVR Term.
Upon abandonment or Company acquisition of a CVR, the Transfer Agent shall mark the related Entitlement position as cancelled in the Entitlement Class Code and suppress any residual payout, with audit trace retained as provided in Section 4.4.
The Transfer Agent shall maintain records relating to the Entitlement Class Code, the CVR Register, corporate action setup and payment processing, reconciliations, escheatment handling, and communications logs in a manner consistent with customary transfer agent practices.
It is hereby acknowledged and agreed that a CVR shall not constitute a security of the Company.