Delivery of Shares to the Agent. On or prior to the Spin-Off Date, Parent will authorize the book-entry transfer by Parent’s transfer agent, (the “Agent”) of all of the outstanding shares of HY Common Stock to be distributed in connection with the Spin-Off. After the Spin-Off Date, upon the request of the Agent, HY will provide all book-entry transfer authorizations that the Agent requires in order to effect the Spin-Off of the shares of HY Common Stock to Parent stockholders.
Appears in 4 contracts
Samples: Separation Agreement, Separation Agreement (Nacco Industries Inc), Separation Agreement (Hyster-Yale Materials Handling, Inc.)
