Examples of NXRT Common Stock in a sentence
Subject to Section 5.1, prior to the Effective Time, NHF will authorize the Distribution Agent, for the benefit of holders of record of NHF Common Shares at the close of business on the Record Date (the “Record Holders”), to effect the book-entry transfer of all outstanding shares of NXRT Common Stock and will instruct the Distribution Agent to effect the Distribution at the Effective Time in the manner set forth in Section 4.3.
NXRT, at its option, may register under a registration statement and any filings with any state securities commissions filed pursuant to this Agreement, any number of unissued shares of NXRT Common Stock or any shares of NXRT Common Stock owned by any other stockholder or stockholders of NXRT.
All of the shares of NXRT Common Stock distributed in the Distribution will be validly issued, fully paid and non-assessable.
All such shares of NXRT Common Stock to be so distributed shall be distributed as uncertificated shares registered in book-entry form through the direct registration system.
No member of the NHF Group or the NXRT Group or the Distribution Agent will guarantee any minimum sale price for the fractional shares of NXRT Common Stock.
Following the Distribution, NHF shall cause the Distribution Agent to deliver an account statement to each holder of NXRT Common Stock reflecting such holder’s ownership thereof.
Prior to the Effective Time, NXRT shall issue to NHF as a stock dividend or pursuant to the merger described in Section 2.1(a)(ii) such number of shares of NXRT Common Stock (or NHF and NXRT shall take or cause to be taken such other appropriate actions to ensure that NHF has the requisite number of shares of NXRT Common Stock) as may be required to effect the Distribution.