Examples of Chevron Common Stock in a sentence
Promptly (and in any event within 10 days) after the Company has obtained or released any Chevron Common Stock or any other Exchange Property in any manner otherwise than as contemplated by Section 218 hereof, the Exchange Agent will mail to all Holders of record of the Debentures a notice thereof and the Repurchase Right arising as a result thereof (a "Repurchase Notice").
In the event that the Company obtains or otherwise releases any Chevron Common Stock or other Exchange Property in any manner otherwise than as contemplated by Section 218 hereof, each Holder will have the right ("Repurchase Right"), at such Holder's option, to require the Company to repurchase all of such Holder's Debentures, or a portion thereof which is $1,000 or any integral multiple thereof, in the manner and at the price described below.
The Exchange Agent shall be the exchange agent for the exchange of Debentures for Chevron Common Stock and other Exchange Property, if any, hereunder.
No fractional shares of Chevron Common Stock (or any form of fractional interest in any other security or property which is part of the Exchange Property) shall be delivered upon exchanges of Debentures.
The notices in the above paragraph shall also state the name or names (with address) in which the certificate or certificates for shares of Chevron Common Stock or, to the extent applicable, other Exchange Property which shall be issuable on such exchange shall be issued.
The Company shall deposit with the Exchange Agent from time to time such additional number of shares of Chevron Common Stock not already held by the Exchange Agent as the Holders of all Outstanding Debentures shall from time to time be entitled to receive from the Exchange Agent pursuant to this Article Two upon exchange thereof.
Any Holder surrendering any Debentures for exchange after such record date or such effective date, as the case may be, shall be entitled to receive shares of Chevron Common Stock at the Exchange Rate as so adjusted pursuant to this Section 204(a) (subject to Sections 215 and 216 hereof) and any other Exchange Property apportioned thereto.
The rate at which shares of Chevron Common Stock shall be deliverable upon exchange (herein called the "Exchange Rate") shall be initially 0.823 shares of Chevron Common Stock for each $1,000 principal amount of Debentures exchanged.
The Company and the Exchange Agent agree that the Exchange Agent shall use a registered securities dealer in effecting exchanges of the Chevron Common Stock or any other Exchange Property that is a security.
The rate at which shares of Chevron Common Stock shall be deliverable upon exchange (herein called the "Exchange Rate") shall be initially 9.3283 shares of Chevron Common Stock for each $1,000 principal amount of Debentures exchanged.