Examples of DST Common Stock in a sentence
Notwithstanding the provisions of clause (ii) of the preceding sentence, DST will not be obligated to issue any fraction of a share of DST Common Stock upon exercise of USCS Options.
Except as otherwise expressly provided in this Agreement, DST will pay all charges and expenses, including those of the Exchange Agent, in connection with the exchange of shares of DST Common Stock for shares of USCS Common Stock, except any charges or expenses that are otherwise solely the liability of one or more holders of USCS Common Stock.
On or prior to the Closing Date, DST will deposit with the Exchange Agent for exchange in accordance with this Section 2.2 certificates evidencing the shares of DST Common Stock to be issued in the Merger ("DST Certificates"), which shares of DST Common Stock will be deemed to be issued at the Effective Time.
No certificates or scrip representing fractional shares of DST Common Stock will be issued upon the surrender of USCS Stock Certificates pursuant to Section 2.2. No such fractional interest will entitle the owner thereof to any rights as a security holder of DST.
None of DST, Acquisition Sub, USCS, the Surviving Corporation or the Exchange Agent will be liable to any holder of shares of USCS Common Stock for any shares of DST Common Stock, dividends or distributions with respect thereto or cash payable in lieu of fractional shares of DST Common Stock delivered to a state abandoned property administrator or other public official pursuant to any applicable abandoned property, escheat or similar law.
At and following the Effective Time, DST will deliver to the Exchange Agent such cash as may be required from time to time to make payments of cash in lieu of fractional shares of DST Common Stock in accordance with Section 2.4.
The holders of DST Common Stock received pursuant to the Merger or issuable pursuant to USCS Options shall have no right to require DST or its Affiliates to repurchase any such shares of DST Common Stock.