Distribution Agent definition
Examples of Distribution Agent in a sentence
Instead, AREC shall direct the Distribution Agent to determine (based on the aggregate number of shares held by each holder) the number of whole shares and the fractional share of EMC Common Stock allocable to each holder of AREC Common Stock as of the Record Date.
At or prior to the Distribution Time, to the extent not already entered into, AREC shall enter into a distribution agent agreement with the Distribution Agent or otherwise provide instructions to the Distribution Agent regarding the Distribution.
Following the Distribution Date, EMC agrees to provide all book-entry transfer authorizations for shares of EMC Common Stock that AREC or the Distribution Agent shall require (after giving effect to Sections 3.3 and 3.4) in order to effect the Distribution.
Should there be any fractional shares of EMC Common Stock, the Distribution Agent shall round the fractional share to the nearest whole share.