TENDERS BY OWNERS OF FEWER THAN 100 SHARES Sample Clauses

TENDERS BY OWNERS OF FEWER THAN 100 SHARES. The Company, upon the terms and subject to the conditions of the Offer, will accept for purchase, without proration, all Shares properly tendered and not withdrawn on or before the Expiration Time at or below the Purchase Price by or on behalf of stockholders who beneficially owned as of the close of business on November 7, 1994 and continue to beneficially own as of the Expiration Time, an aggregate of fewer than 100 Shares ("Odd Lot Owners"). See Section 1. To avoid proration, however, an Odd Lot Owner must properly tender at or below the Purchase Price all Shares that such Odd Lot Owner beneficially owns; partial tenders will not qualify for this preference. This preference is not available to owners of 100 or more Shares, even if such owners have separate stock certificates for fewer than 100 Shares. ANY ODD LOT OWNER WISHING TO TENDER ALL SHARES BENEFICIALLY OWNED BY HIM PURSUANT TO THIS OFFER MUST COMPLETE THE BOX CAPTIONED "ODD LOTS" ON THE LETTER OF TRANSMITTAL AND, IF APPLICABLE, ON THE NOTICE OF GUARANTEED DELIVERY. See Section 3. Stockholders owning an aggregate of less than 100 Shares whose Shares are purchased pursuant to the Offer not only will avoid the payment of brokerage commissions, but also will avoid any applicable odd-lot discounts payable on a sale of their Shares in a NYSE transaction. The special odd lot purchase rules described above do not apply to Shares held in the ESOP, and such Shares will be disregarded in determining whether a stockholder is an Odd Lot Owner.
Sample 1
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Related to TENDERS BY OWNERS OF FEWER THAN 100 SHARES

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