Examples of Automotive Common Stock in a sentence
Automotive will provide to BWC all share certificates and any information required in order to complete the Distribution on the basis of one share of Automotive Common Stock for each share of BWC Voting Stock and BWC Non-Voting Stock outstanding on the Record Date.
Therefore, even assuming there was error in this one small portion of the jury charge, it isclear that it had no substantial or injurious effect.
Subject to Section 2.03 hereof, on the Distribution Date, BWC will cause Automotive to issue to the holders of record of BWC Voting Stock and BWC Non-Voting Stock on the Record Date, stock certificates representing in the aggregate all of the then outstanding shares of Automotive Common Stock, and shall distribute such certificates as soon as practicable thereafter to such holders or their designated transferees.
Such shares of Automotive Common Stock shall be the only capital stock of Automotive outstanding immediately prior to the Distribution.
All shares of TRW Automotive Common Stock issued in the Distribution shall be duly authorized, validly issued, fully paid and nonassessable.
To the extent that any distribution under Section 6.1 is to be made out of the Penske Automotive Common Stock Fund, such portion of such distribution shall be paid either (a) entirely in cash or (b) entirely in whole shares of Common Stock of Penske Automotive Group, Inc.
Holders that are otherwise entitled to receive less than one whole share of Automotive Common Stock in the Distribution will receive cash in lieu of such fractional share as contemplated hereby.
When a decision to vote shares is required, Members who have any portion of their accounts allocated to the Penske Automotive Common Stock Fund as of the relevant record date will receive copies of all proxy statements otherwise distributed to holders of the Common Stock of Penske Automotive Group, Inc.
Such investment funds shall at all times include a “stable value fund” (or similar investment option) and a Penske Automotive Common Stock Fund, which shall invest primarily in the Common Stock of Penske Automotive Group, Inc.
Anything contained herein to the contrary notwithstanding, no fractional shares of Automotive Common Stock will be distributed to holders of Rockwell Common Stock in the Distribution.