Examples of CFB Common Stock in a sentence
No fractional shares of CFB Common Stock shall be issued pursuant hereto.
In lieu of the issuance of any fractional share, cash adjustments will be paid to holders in respect of any fractional share of CFB Common Stock that would otherwise be issuable, and the amount of such cash adjustment shall be equal to such fractional proportion of the Trading Value of a share of CFB Common Stock.
Upon completion of the Merger, each share of CFB Common Stock will be converted into the right to receive from CCB 1.8296 newly issued shares of CCB Common Stock.
Any fractional share of CFB Common Stock will be paid in cash in accordance with Section 2.2(e).
The holding period of the CCB Common Stock in the hands of the Fund will include the period during which the CFB Common Stock converted in the Merger was held, provided the CFB Common Stock was held as a capital asset on the date of the Merger.
The tax basis of CCB Common Stock (including any fractional share interests) received by the Fund will be the same as the tax basis of the CFB Common Stock converted in the Merger.
Whether the gain or loss will constitute capital gain or loss for the Fund will depend upon whether the Fund's CFB Common Stock was held as a capital asset at the date of the Merger.
No gain or loss will be recognized by the Fund upon the exchange of CFB Common Stock solely for CCB Common Stock.
The only outstanding shares of stock of CFB and CCB are the shares of CFB common stock ("CFB Common Stock") and of CCB common stock ("CCB Common Stock"), respectively.
Such legend will also be placed on any certificate representing CFB securities issued subsequent to the original issuance of CFB Common Stock pursuant to the Merger as a result of any transfer of such shares or any stock dividend, stock split, or other recapitalization as long as the CFB Common Stock issued to the undersigned pursuant to the Merger has not been transferred in such manner as to justify the removal of the legend therefrom.