Examples of Columbia Shares in a sentence
The Columbia Shares distributed shall be distributed as uncertificated shares registered in book-entry form through the direct registration system.
In order to facilitate the Distribution, prior to the date hereof Columbia issued $2,750,000,000 (two billion seven hundred fifty million dollars) in principal amount of senior unsecured notes and used the net proceeds to pay intercompany debt owed to the NiSource Parties and to pay the Special Dividend to NiSource as holder of record of all outstanding Columbia Shares.
NiSource shall enter into a distribution agent agreement with the Agent or otherwise provide instructions to the Agent regarding the Distribution, such that the Agent, in its capacity as NiSource’s distribution agent and Columbia’s transfer agent, may distribute the Columbia Shares in the manner described in Article III.
Notwithstanding the foregoing, nothing herein shall require the liquidation of Columbia Shares from the NiSource RSP.
Subject to the fiduciary and other requirements of ERISA, and any other applicable Laws, NiSource shall take such actions as are reasonably necessary to ensure that any liquidation of Columbia Shares held in the NiSource RSP after the Distribution Date is orderly and periodic.
Effective upon the filing of the Columbia Restated Certificate of Incorporation with the Secretary of State of the State of Delaware pursuant to Section 2.6(c), each Columbia Share then issued and outstanding shall, without any action on the part of the holder thereof, be subdivided and converted into that number of fully paid and non-assessable Columbia Shares issued and outstanding equal to the number necessary to effect the Distribution.
No fractional Columbia Shares will be distributed in the Distribution.
NiSource will direct the Agent to determine the number of whole Columbia Shares and fractional Columbia Shares allocable to each holder of record of NiSource Shares as of the Record Date.
The NYSE shall have approved for listing, subject to official notice of issuance, the Columbia Shares and the LTIP Shares.
Columbia shall also take any and all action as shall be necessary or appropriate, so that each Business Employee’s election under the NiSource ESPP will be adjusted to permit Business Employees to purchase only Columbia Shares in lieu of purchasing NiSource Shares.