Distributable Share definition
Examples of Distributable Share in a sentence
The Board of Directors of TXI also shall have the right to adjust the Chaparral Distributable Share at any time prior to the Distribution.
TXI shall instruct the Agent to (i) distribute the Chaparral Distributable Share to each holder of record of TXI Common Stock at the close of business on the Record Date, and (ii) after completing the transactions described in Section 3.3, deliver to Chaparral as a contribution to Chaparral, all remaining Chaparral Shares, if any, then held by the Agent.
The Board of Directors of TSC also shall have the right to adjust at any time prior to the Distribution Date the eLoyalty Distributable Share.
TSC shall instruct the Transfer Agent (i) to distribute to all holders of record of TSC Common Stock as of the Record Date the eLoyalty Distributable Share for each share of TSC Common Stock outstanding and held of record by such holder as of the Record Date, and (ii) to deliver to eLoyalty, as a contribution to eLoyalty, all of the remaining eLoyalty Shares, if any, then held by the Transfer Agent.
The ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Board of Directors also shall have the right, in its sole discretion, to adjust the distribution ratio set forth in the definition of Halyard Distributable Share at any time prior to the Distribution.
The holder of any Contingent Rights underlying the Private Placement Units shall be entitled to receive one-fifteenth (1/15) of one Distributable Share per Contingent Right at the Distribution Time.
Centex shall appoint the Distribution Agent as agent for each holder of record of Centex Common Stock who would otherwise be entitled to receive in the Distribution any fractional Distributable Share.
K▇▇▇▇▇▇▇-▇▇▇▇▇ shall instruct the Agent to (i) distribute the Neenah Distributable Share to each holder of record of K▇▇▇▇▇▇▇-▇▇▇▇▇ Common Stock at the close of business on the Record Date, and (ii) after completing the transactions described in Section 3.3, deliver to Neenah as a contribution to Neenah, all remaining Neenah Shares, if any, then held by the Agent.
The Board of Directors of Baxter or such committee also shall have the right to adjust at any time prior to the Distribution Date the ▇▇▇▇▇▇▇ Distributable Share.
The Board of Directors of First National also shall have the right to adjust the Pavana Distributable Share at any time prior to the Distribution.