Replacement Certificates definition
Examples of Replacement Certificates in a sentence
Upon the issuance of any Replacement Certificates, the shares represented by such Replacement Certificates shall be deemed to be "Escrow Shares" for all purposes of this Agreement.
The Issuer shall also arrange for such Global Certificates and Individual Certificates as are required to enable the Registrar to perform their respective obligations under Clause 4 (Exchanges of Global Certificates for Individual Certificates), Clause 5 (Transfers of Securities) and Clause 6 (Replacement Certificates) to be made available to or to the order of the Registrar from time to time.
The cost of printing Replacement Certificates will be paid by the City.
Each Shareholder further acknowledges and agrees that upon issuance of the Replacement Certificates, the Original Certificates shall be deemed cancelled without any further action on the part of the Company or such Shareholder.
Upon surrender to the Trustee of the typewritten Certificates representing the Book-Entry Certificates by the Clearing Agency, accompanied by registration instructions, the Trustee shall execute and authenticate the Replacement Certificates in accordance with the instructions of the Clearing Agency.
Such Unrestricted Replacement Certificates shall be in the form of Annex 3B except that, in each case, the legend set forth therein under the caption "Transfer" shall not appear.
It is anticipated that during the term of the Certificates, the Securities Depository will make book-entry transfers among the Participants and receive and transmit notices with respect to and payments representing the Principal Portion of Basic Rent and the Interest Portion of Basic Rent with respect to the Certificates until and unless the Trustee executes and delivers Replacement Certificates to the Beneficial Owners as described below.
Upon the issuance of Replacement Certificates, the Trustee shall recognize the Holders of the Replacement Certificates as Certificateholders hereunder.
Whenever notice or other -------------------------- communication to the Certificateholders is required under this Agreement, unless and until Replacement Certificates shall have been issued to Certificate Owners pursuant to Section 8.10, the Trustee and the Servicer shall give all such ------------ notices and communications specified herein to be given to Certificate Owners to the Clearing Agency.
Upon receipt of the Replacement Certificates, the Depositary Agent shall release the Escrow Shares then in its possession to Vertel, together with one Stock Assignment from each Holder.