Eligible Rights definition
Examples of Eligible Rights in a sentence
In addition, for the avoidance of doubt, the terms relating to insurance (including without limitation to errors and omission insurance) set out in this Agreement shall apply to the Producer’s exploitation of the Eligible Rights in the Broadcast Programme(s) in the Relevant Series hereunder.
If the parties cannot agree terms for Channel 4 to re-purchase such rights during this period then (subject to Clause 25 (c) below) the Producer shall be entitled to exploit the Eligible Rights (as defined in Appendix 2) on Scheduled Services only in the Broadcast Programme(s) in the Relevant Series (subject to Channel 4’s on going right to a share of Net Receipts from such exploitation in accordance with Clause 12 (a) (ii) of the Programme Specific Terms and Clause 17 of the General Terms of Agreement).
The Subscription Agent shall issue and deliver (by first class United States mail, postage prepaid) to each Eligible Rights Holder a Subscription Certificate evidencing such holder's Rights.
The Subscription Agent shall also provide copies of the Prospectus and other documents prepared by the Company to Eligible Rights Holders, and other persons upon request.
An Eligible Rights Holder must exercise such holder's Basic Subscription Privilege in full in order to be eligible to exercise its Over-Subscription Privilege.
The Company covenants and agrees that, during the Supplemental Period, so long as the Parent Beneficially Owns no less than 15% of the Total Voting Power, the Company shall not (a) amend the Rights Plan so as to cause it not to constitute an Eligible Rights Plan or (b) adopt a shareholder rights plan that is not an Eligible Rights Plan.
Subscription Certificates and funds received by the Subscription Agent that are not properly executed or submitted, and as to which all irregularities have not been timely waived or cured, shall be returned by the Subscription Agent to the Eligible Rights Holder who submitted such Subscription Certificate and/or payment.
The Subscription Agent shall deliver to each Eligible Rights Holder, along with the originally issued Subscription Certificates (i) a letter from the President and Chief Executive Officer of the Company to all Eligible Rights Holders, (ii) a Prospectus, (iii) Instructions as to Use of the Subscription Certificates, (iv) a return envelope addressed to the Subscription Agent, and (v) such other documents and information as the Company may provide.
Each Eligible Rights Holder shall receive one Right for each one Common Share held.
As soon as practicable after the Expiration Time, the Subscription Agent, as Transfer Agent and Registrar for the Common Shares, shall issue and deliver to each Eligible Rights Holder exercising Rights a stock certificate evidencing the aggregate of the number of Common Shares purchased by exercise of the basic Subscription Privilege and, if applicable, the Over-Subscription Privilege.