Separated Rights definition
Separated Rights means any Purchase Rights which are no longer evidenced by certificates for Common Stock, but are evidenced by separate Rights certificates.
Examples of Separated Rights in a sentence
Dakota may designate in an Exercise Notice any Person or Persons to take title to all or any part of the Common Stock and Separated Rights, if any, being purchased in connection with the exercise described in such Exercise Notice.
Dakota agrees, if requested to do so by Sellers, to remove promptly any stop transfer order with respect to, and issue promptly unlegended certificates in substitution for, certificates for any Common Stock or Separated Rights that have been sold or otherwise transferred by Sellers in compliance with Section 4 hereof.
Dakota may enter a stop transfer order with the transfer agent or agents of the Common Stock or Separated Rights to enforce compliance with the requirements of this Standstill Agreement.