Rights Clause Example with 29 Variations from Business Contracts

This page contains Rights clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Rights. 2.1. Form of Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the Board or Chief Executive Officer and Treasurer, Secretary or Assistant Secretary of the Company and shall bear a facsimile of the Company's seal. In the event the person whose facsimile signature has been placed upon any Right shall have ceased... to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 2.2. Effect of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a Right shall be invalid and of no effect and may not be exchanged for Class A Common Stock. 2.3. Registration. 2.3.1. Right Register. The Rights Agent shall maintain books ("Right Register") for the registration of original issuance and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Rights Agent by the Company. 2.3.2. Registered Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the person in whose name such Right shall be registered upon the Right Register ("registered holder") as the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. 2.4. Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the ninetieth (90th) day after the date hereof unless EBC informs the Company of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin. View More Arrow

Variations of a "Rights" Clause from Business Contracts

Rights. 2.1. 2.1 Form of Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman a Chairperson of the Board or Board, the Chief Executive Officer and Treasurer, Secretary Officer, the Chief Financial Officer, or Assistant Secretary of any person designated as an authorized person by the Company and shall bear a facsimile of th...e Company's seal. appropriate corporate authorization ("Authorized Person"). In the event the person whose facsimile signature has been placed upon any Right shall have ceased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 2.2. 2.2 Effect of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a Right shall be invalid and of no effect and may not be exchanged for Class A Common Stock. 2.3. Ordinary Shares. 2.3 Registration. 2.3.1. 2.3.1 Right Register. The Rights Agent shall maintain books ("Right (the "Right Register") for the registration of original issuance and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Rights Agent by the Company. 2.3.2. 2.3.2 Registered Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the person in whose name such Right shall be registered upon the Right Register ("registered holder") (the "Registered Holder") as the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. 2.4. 2.4 Detachability of Rights. The Each of the securities comprising the Units, including Units will begin to trade separately on (i) the Rights, will not be separately transferable until the ninetieth (90th) fifty second (52nd) day after following the date hereof unless EBC informs of the Company of its decision to allow Prospectus or, if such 52nd day is not on a day, other than a Saturday, Sunday or federal holiday, on which banks in New York City are generally open for normal business (a "Business Day"), then on the immediately succeeding Business Day following, or (ii) such earlier separate trading, but in date as Citigroup Global Markets Inc. and Guggenheim Securities, LLC shall determine is acceptable (such date, the "Detachment Date"). In no event will separate trading of the securities comprising the Units begin until (i) commence until, if the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting Detachment Date is earlier than the receipt by 52nd day following the Company date of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) Prospectus, the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin. Upon the Detachment Date, holders of Units will have the option to continue to hold Units or separate their Units into the component pieces. View More Arrow
Rights. 2.1. 2.1 Form of Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman a Chairperson of the Board or Board, the Chief Executive Officer and Treasurer, Secretary Officer, the Chief Financial Officer, or Assistant Secretary of any person designated as an authorized person by the Company and shall bear a facsimile of th...e Company's seal. appropriate corporate authorization ("Authorized Person"). In the event the person whose facsimile signature has been placed upon any Right shall have ceased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 2.2. 2.2 Effect of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a Right shall be invalid and of no effect and may not be exchanged for Class A Common Stock. 2.3. Ordinary Shares. 2.3 Registration. 2.3.1. 2.3.1 Right Register. The Rights Agent shall maintain books ("Right (the "Right Register") for the registration of original issuance and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Rights Agent by the Company. 2.3.2. 2.3.2 Registered Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the person in whose name such Right shall be registered upon the Right Register ("registered holder") (the "Registered Holder") as the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. 2.4. 2.4 Detachability of Rights. The Each of the securities comprising the Units, including Units shall begin separate trading on the Rights, will not be separately transferable until the ninetieth (90th) fifty-second (52nd) day after following the date hereof unless EBC informs of the Company Prospectus or, if such fifty-second (52nd) day is not on a day other than a Saturday, Sunday or federal holiday on which banks in New York City are generally open for normal business (a "Business Day"), then on the immediately succeeding Business Day following such date, or earlier (the "Detachment Date") if the representatives of its decision the underwriters of the Public Offering consent to allow earlier separate trading, but in no event will separate trading of shall the securities comprising the Units begin be separately traded until (i) (A) the Company files has filed a Current Report on Form 8-K which includes with the SEC containing an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering Offering, including the proceeds received by the Company from the exercise by the underwriters of their right to purchase additional Units in the Offering (the "Over-Allotment Option"), if the Over-Allotment Option is exercised prior to the filing of such Form 8-K, and a second or amended Current Report on Form 8-K to provide updated financial information to reflect the exercise of the over-allotment underwriters' Over-Allotment option, if the over-allotment Over-Allotment option is exercised following the initial filing of such Current Report on the date hereof, Form 8-K, and (ii) (B) the Company issues a press release and files with the Commission a Current Report on Form 8-K announcing when such separate trading shall begin. Upon the Detachment Date, holders of Units will have the option to continue to hold Units or separate their Units into the component pieces. View More Arrow
Rights. 2.1. Form of Right. Each Right shall be issued in registered or book entry form, as requested by the Company or the holder of a Right. Any rights issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the Board or Board, the Chief Executive Officer and Treasurer, Secretary or Assistant Secretary the Chief Financial Officer of the Company and... shall bear a facsimile of the Company's seal. Company. In the event the person whose facsimile signature has been placed upon any Right shall have ceased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 2.2. Effect of Countersignature. Unless If physical certificate is used, unless and until countersigned by the Rights Agent pursuant to this Agreement, a registered Right shall be invalid and of no effect and may not be exchanged for Class A Common Stock. Ordinary Shares. 2.3. Registration. 2.3.1. Right Register. The Rights Agent shall maintain books ("Right (the "Right Register") for the registration of original issuance and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Rights Agent by the Company. 2.3.2. Registered Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the person in whose name such Right shall be registered upon the Right Register ("registered (the "registered holder") as the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. 2.4. Detachability of Rights. The Each of the securities comprising the Units, including Units will begin to trade separately on (i) the Rights, will not be separately transferable until 52nd day shall begin separate trading on the ninetieth (90th) 52nd day after following the date hereof unless EBC informs of the Company Prospectus or, if such 52nd day is not on a day, other than a Saturday, Sunday or federal holiday, on which banks in New York City are generally open for normal business (a "Business Day"), then on the immediately succeeding Business Day following, or (ii) such earlier date as BTIG, LLC, as representative of its decision to allow earlier separate trading, but in the underwriters, shall determine is acceptable (such date, the "Detachment Date"). In no event will separate trading of the securities comprising the Units begin commence until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting Company, if the receipt by Detachment Date is earlier than the Company 52nd day following the date of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Prospectus, Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin. View More Arrow
Rights. 2.1. 2.1 Form of Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman a Co-Chairman of the Board Board, a Co-Chief Executive Officer, the Chief Financial Officer or Chief the Executive Officer and Treasurer, Secretary or Assistant Secretary Director of the Company and shall bear a facsimile of the Company's seal. Co...mpany. In the event the person whose facsimile signature has been placed upon any Right shall have ceased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 2.2. 2.2 Effect of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a Right shall be invalid and of no effect and may not be exchanged for Class A Common Stock. 2.3. Ordinary Shares. 2.3 Registration. 2.3.1. 2.3.1 Right Register. The Rights Agent shall maintain books ("Right (the "Right Register") for the registration of original issuance and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Rights Agent by the Company. 2.3.2. 2.3.2 Registered Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the person in whose name such Right shall be registered upon the Right Register ("registered holder") (the "Registered Holder") as the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. 2.4. 2.4 Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the ninetieth (90th) day after the date hereof unless EBC informs the Company of its decision to allow earlier separate trading, but in no event will separate trading Each of the securities comprising the Units shall begin separate trading on the fifty-second (52nd) day following the date of the Prospectus or, if such fifty-second (52nd) day is not on a day other than a Saturday, Sunday or federal holiday on which banks in New York City are generally open for normal business (a "Business Day"), then on the immediately succeeding Business Day following such date, or earlier (the "Detachment Date") with the consent of Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. with the respect to such consent, but in no event shall the securities comprising the Units be separately traded until (i) (A) the Company files has filed a Current Report on Form 8-K which includes with the SEC containing an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering Offering, including the proceeds received by the Company from the exercise by the underwriters of their right to purchase additional Units in the Offering (the "Over-Allotment Option"), if the Over-Allotment Option is exercised prior to the filing of such Form 8-K, and a second or amended Current Report on Form 8-K to provide updated financial information to reflect the exercise of the over-allotment underwriters' Over-Allotment option, if the over-allotment Over-Allotment option is exercised following the initial filing of such Current Report on the date hereof, Form 8-K, and (ii) (B) the Company issues a press release and files with the Commission a Current Report on Form 8-K announcing when such separate trading shall begin. Upon the Detachment Date, holders of Units will have the option to continue to hold Units or separate their Units into the component pieces. View More Arrow
Rights. 2.1. 2.1 Form of Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the Board or Board, Chief Executive Officer and Treasurer, Officer, President, Chief Financial Officer, Chief Operating Officer, General Counsel, Secretary or Assistant Secretary other principal officer of the Company and shall bear a facsimile... of the Company's seal. Company. In the event the person whose facsimile signature has been placed upon any Right shall have ceased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 2.2. 2.2 Effect of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a Right shall be invalid and of no effect and may not be exchanged for shares of Class A Common Stock. 2.3. 2.3 Registration. 2.3.1. 2.3.1 Right Register. The Rights Agent shall maintain books ("Right (the "Right Register") for the registration of original issuance and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Rights Agent by the Company. 2.3.2. 2.3.2 Registered Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the person in whose name such Right shall be is registered upon in the Right Register ("registered holder") (the "Registered Holder") as the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. 2.4. 2.4 Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the ninetieth (90th) day after the date hereof unless EBC informs the Company of its decision to allow earlier separate trading, but in no event will separate trading Each of the securities comprising the Units shall begin separate trading on the fifty-second (52nd) day following the date of the Prospectus or, if such fifty-second (52nd) day is not on a day other than a Saturday, Sunday or federal holiday on which banks in New York City are generally open for normal business (a "Business Day"), then on the immediately succeeding Business Day following such date, or earlier (the "Detachment Date") with the consent of Citigroup Global Markets Inc., but in no event shall the securities comprising the Units be separately traded until (i) (A) the Company files has filed a Current Report on Form 8-K which includes with the SEC containing an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering Offering, including the proceeds received by the Company from the exercise by the underwriters of their right to purchase additional Units in the Public Offering (the "Over-Allotment Option"), if the Over-Allotment Option is exercised prior to the filing of such Current Report on Form 8-K, and a second or amended Current Report on Form 8-K to provide updated financial information to reflect the exercise of the over-allotment option, underwriters' Over-Allotment Option, if the over-allotment option Over-Allotment Option is exercised following the initial filing of such Current Report on the date hereof, Form 8-K, and (ii) (B) the Company issues a press release and files with the SEC a Current Report on Form 8-K announcing when such separate trading shall begin. Upon the Detachment Date, holders of Units will have the option to continue to hold Units or separate their Units into the component pieces. View More Arrow
Rights. 2.1. 2.1 Form of Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman Co-Chief Executive Officers or the Chief Financial Officer of the Board or Chief Executive Officer and Treasurer, Secretary or Assistant Secretary of the Company and shall bear a facsimile of the Company's seal. Company. In the event the person wh...ose facsimile signature has been placed upon any Right shall have ceased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 2.2. 2.2 Effect of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a Right shall be invalid and of no effect and may not be exchanged for Class A shares of Common Stock. 2.3. 2.3 Registration. 2.3.1. 2.3.1 Right Register. The Rights Agent shall maintain books ("Right (the "Right Register") for the registration of original issuance and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Rights Agent by the Company. 2.3.2. 2.3.2 Registered Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the person in whose name such Right shall be registered upon the Right Register ("registered holder") (the "Registered Holder") as the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. 2.4. 2.4 Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the ninetieth (90th) day after the date hereof unless EBC informs the Company of its decision to allow earlier separate trading, but in no event will separate trading Each of the securities comprising the Units shall begin separate trading on the fifty-second (52nd) day following the date of the Prospectus or, if such fifty-second (52nd) day is not on a day other than a Saturday, Sunday or federal holiday on which banks in New York City are generally open for normal business (a "Business Day"), then on the immediately succeeding Business Day following such date, or earlier (the "Detachment Date") with the consent of Oppenheimer & Co. Inc., but in no event shall the securities comprising the Units be separately traded until (i) (A) the Company files has filed a Current Report on Form 8-K which includes with the SEC containing an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering Offering, including the proceeds received by the Company from the exercise by the underwriters of their right to purchase additional Units in the Offering (the "Over-Allotment Option"), if the Over-Allotment Option is exercised prior to the filing of such Form 8-K, and a second or amended Current Report on Form 8-K to provide updated financial information to reflect the exercise of the over-allotment underwriters' Over-Allotment option, if the over-allotment Over-Allotment option is exercised following the initial filing of such Current Report on the date hereof, Form 8-K, and (ii) (B) the Company issues a press release and files with the Commission a Current Report on Form 8-K announcing when such separate trading shall begin. Upon the Detachment Date, holders of Units will have the option to continue to hold Units or separate their Units into the component pieces. View More Arrow
Rights. 2.1. Form of Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the Board or Company's board of directors (the "Board"), President, Chief Executive Officer Officer, Chief Financial Officer, and Treasurer, the Secretary or Assistant Secretary other principal officer of the Company and shall bear a facsimile of t...he Company's seal. Company. In the event the person whose facsimile signature has been placed upon any Right shall have ceased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 2.2. Effect of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a Right shall be invalid and of no effect and may not be exchanged for Class A shares of Common Stock. 2.3. Registration. 2.3.1. Right Register. The Rights Agent shall maintain books ("Right Register") for the registration of original issuance and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Rights Agent by the Company. 2.3.2. Registered Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the person in whose name such Right shall be registered upon the Right Register ("registered holder") as the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. 2.4. Detachability of Rights. The securities shares of Common Stock, Warrants and Rights comprising the Units, including Units shall begin separate trading following the Rights, will not be separately transferable until earlier to occur of: (i) the ninetieth (90th) 52nd day after following the date hereof unless EBC informs of the Company Prospectus or (ii) the announcement by the Representative of its decision intention to allow separate earlier separate trading, trading (the "Detachment Date") , but in no event will separate trading shall the shares of Common Stock, the securities Warrants and Rights comprising the Units begin be separately traded until (i) the Company files has filed a Current Report on Form 8-K which includes with the Commission containing an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering Offering, including the proceeds then received by the Company from the exercise by the Underwriters of their right to purchase additional Units in the over-allotment option, Offering (the "Over-Allotment Option"), if applicable. Upon the over-allotment option is exercised on Detachment Date, the date hereof, Units will no longer trade, and (ii) each holder of Units will become, without any action by such holder, the Company issues a press release holder of that number of shares of Common Stock and files a Current Report on Form 8-K announcing when Rights comprising the Units held by such separate trading shall begin. holder. View More Arrow
Rights. 2.1. Form of Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the Board or Board, the Chief Executive Officer and Treasurer, Secretary or Assistant Secretary the Chief Financial Officer of the Company and shall bear a facsimile of the Company's seal. Company. In the event the person whose facsimile signature ...has been placed upon any Right shall have ceased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 2.2. Effect of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a Right shall be invalid and of no effect and may not be exchanged for Class A shares of Common Stock. 2.3. Registration. 2.3.1. Right Register. The Rights Agent shall maintain books ("Right (the "Right Register") for the registration of original issuance and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Rights Agent by the Company. 2.3.2. Registered Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the person in whose name such Right shall be registered upon the Right Register ("registered (the "registered holder") as the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. 2.4. Detachability of Rights. The Each of the securities comprising the Units, including Units will begin to trade separately on (i) the Rights, will not be separately transferable until the ninetieth (90th) 52nd day after the effectiveness of the Registration Statement, or (ii) such earlier date hereof unless EBC informs as EF Hutton, division of Benchmark Investments, as representative of the Company of its decision to allow earlier separate trading, but in underwriters, shall determine is acceptable (such date, the "Detachment Date"). In no event will separate trading of the securities comprising the Units begin commence until (i) the Company (i) files a Current Report on Form 8-K which includes an with the SEC including audited balance sheet reflecting the Company's receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall will begin. Upon the Detachment Date, the Units will no longer trade, and each holder of Units will become, without any action by such holder, the holder of that number of shares of Common Stock, Warrants and Rights comprising the Units held by such holder. View More Arrow
Rights. 2.1. Form of Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the Board or Board, the Chief Executive Officer and Treasurer, Secretary or Assistant Secretary the Chief Financial Officer of the Company and shall bear a facsimile of the Company's seal. Company. In the event the person whose facsimile signature ...has been placed upon any Right shall have ceased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 2.2. Effect of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a Right shall be invalid and of no effect and may not be exchanged for Class A shares of Common Stock. 2.3. Registration. 2.3.1. Right Register. The Rights Agent shall maintain books ("Right (the "Right Register") for the registration of original issuance and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Rights Agent by the Company. 2.3.2. Registered Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the person in whose name such Right shall be registered upon the Right Register ("registered (the "registered holder") as the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. 1 2.4. Detachability of Rights. The Each of the securities comprising the Units, including Units will begin to trade separately on (i) the Rights, will not be separately transferable until the ninetieth (90th) 90th day after the effectiveness of the Registration Statement, or (ii) such earlier date hereof unless EBC informs as Chardan Capital Markets, LLC, as representative of the Company of its decision to allow earlier separate trading, but in underwriters, shall determine is acceptable (such date, the "Detachment Date"). In no event will separate trading of the securities comprising the Units begin commence until (i) the Company (i) files a Current Report on Form 8-K which includes an with the SEC including audited balance sheet reflecting the Company's receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall will begin. Upon the Detachment Date, the Units will no longer trade, and each holder of Units will become, without any action by such holder, the holder of that number of shares of Common Stock, Warrants and Rights comprising the Units held by such holder. View More Arrow
Rights. 2.1. Form of Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the Board or Chief Executive Officer and Treasurer, Secretary or Assistant the Secretary of the Company and shall bear a facsimile of the Company's seal. In the event the person whose facsimile signature has been placed upon any Right shall have ce...ased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. Notwithstanding anything herein to the contrary, any rights, or portion thereof, may be issued as part of, and be represented by, a Unit, and any Right may be issued in uncertificated or book-entry form through the Right Agent and/or the facilities of The Depository Trust Company ("Depositary") or other book-entry depositary system, in each case as determined by the Board of Directors of the Company or by an authorized committee thereof. Any Right so issued shall have the same terms, force and effect as a certificated Right that has been duly countersigned by the Right Agent in accordance with the terms of this Agreement. 1 2.2. Effect of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a Right shall be invalid and of no effect and may not be exchanged for Class A shares of Common Stock. 2.3. Registration. 2.3.1. Right Register. The Rights Agent shall maintain books ("Right Register") for the registration of original issuance and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Rights Agent by the Company. 2.3.2. Registered Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the person in whose name such Right shall be registered upon the Right Register ("registered holder") as the absolute owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. 2.4. Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the ninetieth (90th) earlier to occur of: (i) the 52nd day after following the date hereof unless EBC informs of the Company Prospectus or (ii) the announcement by the Representative, as representative of the underwriters in the Public Offering, of its decision intention to allow separate earlier separate trading, but trading (the "Detachment Date"), except that in no event will separate trading of the securities comprising the Units begin be separately tradeable until (i) the Company files a Current Report on Form 8-K with the SEC which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on by the date hereof, thereof and (ii) the Company issues a press release and files a Current Report on Form 8-K with the SEC announcing when such separate trading shall begin. Upon the Detachment Date, the Units will no longer trade, and each holder of Units will become, without any action by such holder, the holder of that number of shares Common Stock and Rights comprising the Units held by such holder. View More Arrow