Examples of New Forest Common Stock in a sentence
No dividend or distribution with respect to shares of New Forest Common Stock shall be payable on or with respect to any fractional interests and such fractional interests shall not entitle the owner thereof to any rights of a member of the Forest Surviving Corporation.
Each share of Forest Common Stock issued and outstanding immediately prior to the Effective Time (other than any shares of Forest Common Stock to be cancelled pursuant to Section 2.1(a)(iii)) shall be converted into the right to receive 0.1 (the “Exchange Ratio”) of a share of validly issued, fully paid and nonassessable New Forest Common Stock (together with any cash in lieu of fractional shares interests of New Forest Common Stock to be paid pursuant to Section 2.2(e), the “Merger Consideration”).
As soon as practicable after the Effective Time, the Exchange Agent, as agent for the holders of Forest Common Stock that would otherwise receive fractional shares of New Forest Common Stock, shall sell the Excess Shares at then-prevailing prices on the New York Stock Exchange in the manner provided in this Section 2.2(e), which sales shall be executed in round lots to the extent practicable.
Each of New Sabine Holdings and Forest shall use their reasonable best efforts to cause New Forest Common Stock issuable to equityholders of Sabine Holdings and Forest in the Transactions and such other New Forest Common Stock to be reserved for issuance upon exercise or settlement of options and other equity awards of Forest to be approved for listing on the New York Stock Exchange (the “NYSE”) subject to official notice of issuance, prior to the Effective Time.
New Forest shall take, and shall cause its Affiliates to take, all corporate action necessary to comply with all rules, regulations and guidance issued by the NYSE and the SEC, in addition to any other applicable Laws, as they relate to the listing and registration of any New Forest Common Stock granted, or to be granted to employees, consultants, or directors of New Forest or its Affiliates as new awards or converted awards in connection with the transactions contemplated in this Agreement.
No dividends or other distributions declared or made in respect of New Forest Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Forest Certificate, unless and until the holder of such Forest Certificate shall surrender such Forest Certificate.
The New Forest Common Stock issuable in the Transactions shall have been approved for listing on the NYSE, subject to official notice of issuance.