Determination of Fractional Shares. To determine, on the Business Day following the date on which Seller or the Collateral Agent delivers Class A Common Stock and Marketable Securities to the Trust, as provided in Section 7.1 of the Contract or Section 7.1 of the Collateral Agreement: (A) for each Holder of Securities, such Holder's pro rata share of the total number of Shares delivered to the Trustees under the Contract on such date; and (B) the number of fractional Shares allocable to each Holder (including, in the case of the Depositary, fractional shares allocable to beneficial owners of Securities who own through Participants) and in the aggregate;
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Samples: Trust Agreement (Tenth Automatic Common Exchange Security Trust)
Determination of Fractional Shares. To determine, on the Business Day following the date on which Seller or the Collateral Agent delivers Class A Common Stock and Marketable Securities to the Trust, as provided in Section 7.1 of the Contract or Section 7.1 of the Collateral Agreement: (A) for each Holder of Securities, such Holder's pro rata share of the total number of Shares delivered to the Trustees under the Contract on such date; and (B) the number of fractional Shares allocable to each Holder (including, in the case of the Depositary, fractional shares Shares allocable to beneficial owners of Securities who own through Participants) and in the aggregate;
Appears in 1 contract
Samples: Trust Agreement (Eleventh Automatic Common Exchange Security Trust)
Determination of Fractional Shares. To determine, on the Business Day following the date on which Seller or the Collateral Agent delivers Class A Common Stock and Marketable Securities to the Trust, as provided in Section 7.1 of the Contract or Section 7.1 of the Collateral Agreement: (A) for each Holder of Securities, such Holder's ’s pro rata share of the total number of Shares delivered to the Trustees under the Contract on such date; and (B) the number of fractional Shares allocable to each Holder (including, in the case of the Depositary, fractional shares Shares allocable to beneficial owners of Securities who own through Participants) and in the aggregate;
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Samples: Trust Agreement (2009 Dole Food Automatic Common Exchange Security Trust)
Determination of Fractional Shares. To determine, on the Business Day following the date on which Seller or the Collateral Agent delivers Class A Common Stock Ordinary Shares and Marketable Securities to the Trust, as provided in Section 7.1 of the Contract or Section 7.1 of the Collateral Agreement: (A) for each Holder of Securities, such Holder's pro rata share of the total number of Shares delivered to the Trustees under the Contract on such datethe Exchange Date; and (B) the number of fractional Shares allocable to each Holder (including, in the case of the Depositary, fractional shares allocable to beneficial owners of Securities who own through Participants) and in the aggregate;
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Samples: Trust Agreement (Amdocs Automatic Common Exchange Security Trust)
Determination of Fractional Shares. To determine, on the Business Day following the date on which such Seller or the Collateral Agent delivers Class A Common Stock and Marketable Securities to the Trust, as provided in Section 7.1 of the its Contract or Section 7.1 of the its Collateral Agreement: (A) for each Holder of Securities, such Holder's ’s pro rata share of the total number of Shares delivered to the Trustees under the such Contract on such date; and (B) the number of fractional Shares allocable to each Holder (including, in the case of the DepositaryDepository, fractional shares Shares allocable to beneficial owners of Securities who own through Participants) and in the aggregate;
Appears in 1 contract
Samples: Trust Agreement (2010 Swift Mandatory Common Exchange Security Trust)