Template:Nutshell Equity Derivatives 9.11: Difference between revisions
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{{eqderivprov|9.11}}. '''{{eqderivprov|Representation and Agreement}}'''. A party delivering {{eqderivprov|Shares}} under a {{eqderivprov|Transaction}} represents, on the date of conveyance, that it has conveyed good title to the necessary {{eqderivprov|Shares}}, free from | {{eqderivprov|9.11}}. '''{{eqderivprov|Representation and Agreement}}'''. A party delivering {{eqderivprov|Shares}} under a {{eqderivprov|Transaction}} represents, on the date of conveyance, that it has conveyed good title to the necessary {{eqderivprov|Shares}}, free from: | ||
:(i) '''Encumbrance''': any [[encumbrance]] (other customary [[lien]]s) or other restrictions, without the receiver having to provide any documents or comply with any volume or manner of sale restrictions, <br> | :(i) '''Encumbrance''': any [[encumbrance]] (other customary [[lien]]s) or other restrictions, without the receiver having to provide any documents or comply with any volume or manner of sale restrictions, <br> | ||
:(ii) '''Transfer restrictions''': any restrictions or required consents to transfer of the {{eqderivprov|Shares}} by any person, <br> | :(ii) '''Transfer restrictions''': any restrictions or required consents to transfer of the {{eqderivprov|Shares}} by any person, <br> | ||
:(iii) '''Transferee limitations''': any limitations on who may be transferred such {{eqderivprov|Shares}}, <br> | :(iii) '''Transferee limitations''': any limitations on who may be transferred such {{eqderivprov|Shares}}, <br> | ||
:(iv) '''Certification requirements''': Any approval, consent, opinion or notice from any person before transfer | :(iv) '''Certification requirements''': Any approval, consent, opinion or notice from any person before transfer, and <br> | ||
:(v) '''Registration''': any registration, qualification or prospectus delivery requirement for such {{eqderivprov|Shares}} under applicable laws. | :(v) '''Registration''': any registration, qualification or prospectus delivery requirement for such {{eqderivprov|Shares}} under applicable laws. | ||
:(vi) '''Book-entry form''': Where a {{eqderivprov|Clearance System}} is involved, the {{eqderivprov|Shares}} are properly in book-entry form. <br> | :(vi) '''Book-entry form''': Where a {{eqderivprov|Clearance System}} is involved, the {{eqderivprov|Shares}} are properly in book-entry form. <br> | ||
Latest revision as of 10:24, 12 May 2022
9.11. Representation and Agreement. A party delivering Shares under a Transaction represents, on the date of conveyance, that it has conveyed good title to the necessary Shares, free from:
- (i) Encumbrance: any encumbrance (other customary liens) or other restrictions, without the receiver having to provide any documents or comply with any volume or manner of sale restrictions,
- (ii) Transfer restrictions: any restrictions or required consents to transfer of the Shares by any person,
- (iii) Transferee limitations: any limitations on who may be transferred such Shares,
- (iv) Certification requirements: Any approval, consent, opinion or notice from any person before transfer, and
- (v) Registration: any registration, qualification or prospectus delivery requirement for such Shares under applicable laws.
- (vi) Book-entry form: Where a Clearance System is involved, the Shares are properly in book-entry form.