Mechanics of RVP Distribution. The Distribution shall be effected by the distribution to each holder of record of POC Common Stock, as of the record date designated for the Distribution by or pursuant to the authorization of the Board of Directors of POC (the "Record Date"), of one RVP Common Unit for every eight shares of POC Common Stock held by such holder. No fraction of a RVP Common Unit shall be issued, but in lieu thereof POC shall cause the Distribution Agent to aggregate all fractional shares that would be issued but for this Section 2.1 and sell such aggregated fractional shares in the public market and the aggregate net cash proceeds of those sales shall be distributed ratably to those POC stockholders who would otherwise have received the fractional interests.
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Samples: Distribution Agreement (Rio Vista Energy Partners Lp), Distribution Agreement (Rio Vista Energy Partners Lp), Distribution Agreement (Rio Vista Energy Partners Lp)
Mechanics of RVP Distribution. The Distribution shall be effected by the distribution to each holder of record of POC Common Stock, as of the record date designated for the Distribution by or pursuant to the authorization of the Board of Directors of POC (the "Record Date"), of one RVP Common Unit for every eight shares of POC Common Stock held by such holder. No fraction of a RVP Common Unit shall be issued, but in lieu thereof POC shall cause the Distribution Agent to aggregate all fractional shares that would be issued but for this Section 2.1 and sell such aggregated fractional shares in the public market and the aggregate net cash proceeds of those sales shall be distributed ratably to those POC stockholders who would otherwise have received the fractional interests.
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Samples: Distribution Agreement (Rio Vista Energy Partners Lp)
Mechanics of RVP Distribution. The Distribution shall be effected by ------------------------------- the distribution to each holder of record of POC Common Stock, as of the record date designated for the Distribution by or pursuant to the authorization of the Board of Directors of POC (the "Record Date"), of one RVP Common Unit for every eight shares of POC Common Stock held by such holder. No fraction of a RVP Common Unit shall be issued, but in lieu thereof POC shall cause the Distribution Agent to aggregate all fractional shares that would be issued but for this Section 2.1 and sell such aggregated fractional shares in the public market and the aggregate net cash proceeds of those sales shall be distributed ratably to those POC stockholders who would otherwise have received the fractional interests.
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