Examples of HBI Common Stock in a sentence
Notwithstanding any other provision of this Agreement, each holder of shares of HBI Common Stock or Providence Common Stock exchanged pursuant to the Transaction, who would otherwise have been entitled to receive a fraction of a share of CCF Common Stock (after taking into account all Certificates delivered by such holder), shall receive, in lieu thereof, cash (without interest) in an amount equal to such fractional part of a share of CCF Common Stock multiplied by the CCF Share Value.
At the Effective Time, the stock transfer books of each of HBI and Providence shall be closed, and no transfer of HBI Common Stock or Providence Common Stock by any holder thereof shall thereafter be made or recognized.
HBI shall indemnify the Xxxx Xxx Group for all claims relating to such HBI Common Stock and cash so delivered to HBI in accordance with the Indemnification and Insurance Matters Agreement.
The HBI Common Stock to be distributed pursuant to the Distribution shall have been accepted for listing on the NYSE, on official notice of distribution.
HBI shall hold all such HBI Common Stock and cash for the account of such Record Holder and any such Record Holder shall look only to HBI for such HBI Common Stock and cash, if any, in lieu of fractional share interests, subject in each case to applicable escheat or other abandoned property laws.
It is intended that the Distribution Ratio will approximate a fraction the numerator of which is the number of shares of HBI Common Stock beneficially owned by Xxxx Xxx on the Distribution Date and the denominator of which is the number of shares of Xxxx Xxx Common Stock outstanding on the Record Date.
Subject to Section 3.2 hereof, on or prior to the Distribution Date, Xxxx Xxx will instruct the Agent to distribute on the Distribution Date the appropriate number of such shares of HBI Common Stock to each such Record Holder.
HBI shall prepare, file and use its reasonable best efforts to seek to make effective, an application for listing of the HBI Common Stock on the New York Stock Exchange (“NYSE”), subject to official notice of distribution.
Any HBI Common Stock or cash in lieu of fractional shares with respect to HBI Common Stock that remain unclaimed by any Record Holder 180 days after the Distribution Date shall be delivered to HBI.
Subject to Section 3.2 and Section 3.5, each Record Holder will be entitled to receive in the Distribution a number of shares of HBI Common Stock equal to the number of shares of Xxxx Xxx Common Stock held by such Record Holder on the Record Date multiplied by the distribution ratio to be determined by Xxxx Xxx’x Board of Directors when it declares the Distribution (the “Distribution Ratio”).