Common use of Stock or Cash Clause in Contracts

Stock or Cash. Any ADA-ES Common Stock or cash in lieu of fractional shares and dividends or distribution with respect to ADA-ES Common Stock that remain unclaimed by any ESI Holder 180 days after the Distribution Date shall be returned to ESI and any such ESI Holders shall look only to ESI for the ADA-ES Common Stock, cash, if any, in lieu of fractional share interests and any such dividends or distribution to which they are entitled, subject in each case to applicable escheat or other abandoned property laws.

Appears in 4 contracts

Samples: Distribution Agreement (Ada-Es Ing), Distribution Agreement (Earth Sciences Inc), Distribution Agreement (Earth Sciences Inc)

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