Common use of Merger, Amalgamation or Consolidation or Change of Name of Rights Agent Clause in Contracts

Merger, Amalgamation or Consolidation or Change of Name of Rights Agent. (a) Any corporation into which the Rights Agent is amalgamated or with which it is consolidated or to which all or substantially all of its corporate trust business is sold or is otherwise transferred or any corporation resulting from any consolidation or amalgamation to which the Rights Agent is a party shall become the successor Rights Agent under this Agreement, without the execution of any document or any further act; provided that such corporation would be eligible for appointment as a successor Rights Agent under the provisions of Section 4.4. In case at the time such successor Rights Agent succeeds to the agency created by this Agreement any of the Rights Certificates have been countersigned but not delivered, any such successor Rights Agent may adopt the countersignature of the predecessor Rights Agent and deliver such Rights Certificates so countersigned; and in case at that time any of the Rights Certificates have not been countersigned, any successor Rights Agent may countersign such Rights Certificates either in the name of the predecessor Rights Agent or in the name of the successor Rights Agent; and in all such cases such Rights Certificates will have the full force provided in the Rights Certificates and in this Agreement.

Appears in 6 contracts

Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement

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Merger, Amalgamation or Consolidation or Change of Name of Rights Agent. (a) Any corporation into which the Rights Agent is amalgamated or with which it is consolidated or to which all or substantially all of its corporate trust business is sold or is otherwise transferred or any corporation resulting from any consolidation or amalgamation to which the Rights Agent is a party shall become the successor Rights Agent under this Agreement, without the execution of any document or any further act; provided that such corporation would be is eligible for appointment as a successor Rights Agent under the provisions of Section 4.44.4 hereof. In case If at the time such successor Rights Agent succeeds to the agency created by this Agreement any of the Rights Certificates have been countersigned but not delivered, any such successor Rights Agent may adopt the countersignature of the predecessor Rights Agent and deliver such Rights Certificates so countersigned; and in case at that time any of the Rights Certificates have not been countersigned, any successor Rights Agent may countersign such Rights Certificates either in the name of the predecessor Rights Agent or in the name of the successor Rights Agent; and in all such cases such Rights Certificates will have the full force provided in the Rights Certificates and in this Agreement.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

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