Common use of Right of Action Clause in Contracts

Right of Action. All rights of action in respect of this Agreement are vested in the Company and the respective registered holders of the Subscription Certificates, and any registered holder of any Subscription Certificate, without the consent of the Subscription Agent or of the holder of any other Subscription Certificate, may, on his own behalf and for his own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company to enforce, or otherwise act in respect of, his right to exercise the Rights evidenced by such Subscription Certificate in the manner provided in such Subscription Certificate and in this Agreement.

Appears in 2 contracts

Samples: Subscription Agency Agreement (Hanover Direct Inc), Subscription Agency Agreement (Siebert Financial Corp)

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Right of Action. All rights of action in respect of this Agreement are vested in the Company and the respective registered holders Holders of the Subscription Certificates, and any . Any registered holder Holder of any Subscription Certificate, without the consent of the Subscription Agent or of the holder Holder of any other Subscription Certificate, may, on his own behalf and for his own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company to enforce, or otherwise act in respect of, his right to exercise the Rights evidenced by such Subscription Certificate in the manner provided in such Subscription Certificate and in this the Agreement.

Appears in 1 contract

Samples: Subscription Agency Agreement (Mechanical Technology Inc)

Right of Action. All rights of action in respect of this --------------- Agreement are vested in the Company and the respective registered holders of the Subscription Certificates, ; and any registered holder of any Subscription Certificate, without the consent of the Subscription Agent or of the holder of any other Subscription Certificate, may, on his own behalf and for his own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company to enforce, or otherwise act in respect of, his right to exercise the Rights evidenced by such Subscription Certificate in the manner provided in such Subscription Certificate and in this Agreement.

Appears in 1 contract

Samples: Subscription Agency Agreement (Thermedics Detection Inc)

Right of Action. All rights of action in respect of this Agreement are vested in the Company and the respective registered holders of the Subscription Certificates, Rightholders; and any registered holder of any Subscription CertificateRightholder, without the consent of the Subscription Agent or of the holder of any other Subscription CertificateRightholder, may, on his own behalf and for his own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company to enforce, or otherwise act in respect of, his right to exercise the Rights evidenced by such Subscription Certificate in the manner provided in such Subscription Certificate and in this Agreement.

Appears in 1 contract

Samples: Subscription Agency Agreement (Meristar Hotels & Resorts Inc)

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Right of Action. All rights of action in respect of this Agreement are vested in the Company and the respective registered holders of the Subscription Certificates, ; and any registered holder of any Subscription Certificate, without the consent of the Subscription Agent or of the holder of any other Subscription Certificate, may, on his own behalf and for his own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company to enforce, or otherwise act in respect of, his right to exercise the Rights evidenced by such Subscription Certificate in the manner provided in such Subscription Certificate and in this Agreement.

Appears in 1 contract

Samples: Subscription Agency Agreement (Specialty Chemical Resources Inc)

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