Examples of Corner Store Common Stock in a sentence
Neither Valero nor Corner Store shall be required to guarantee any minimum sale price for the fractional shares of Corner Store Common Stock.
Corner Store shall hold such Corner Store Common Stock for the account of such Record Holder, and the parties agree that all obligations to provide such Corner Store Common Stock and cash, if any, in lieu of fractional share interests shall be obligations of Corner Store, subject in each case to applicable escheat or other abandoned property Laws, and Valero shall have no Liability with respect thereto.
Corner Store agrees to provide all book-entry transfer authorizations for shares of Corner Store Common Stock that Valero or the Agent shall require in order to effect the Distribution.
Valero shall have received the Cash Consideration, the Senior Notes and Corner Store Common Stock in connection with the Contribution and shall be satisfied in its sole discretion that, as of the Distribution Date, it shall have no further Liability whatsoever under the Corner Store Financing Arrangements (including in connection with any guarantees provided by any member of the Valero Group).
Any Corner Store Common Stock or cash in lieu of fractional shares with respect to Corner Store Common Stock that remains unclaimed by any Record Holder one hundred eighty (180) days after the Distribution Date shall be delivered to Corner Store.
The Corner Store Common Stock shall have been accepted for listing on the NYSE, subject to official notice of distribution.
On or prior to the Distribution Date, Valero shall deliver to the Agent, for the benefit of the Record Holders, book-entry transfer authorizations for such number of the outstanding shares of Corner Store Common Stock as is necessary to effect the Distribution.
A Registration Statement on Form 10 registering the Corner Store Common Stock (the “Form 10”) shall be effective under the Exchange Act, with no stop order in effect with respect thereto, and the Information Statement included therein (the “Information Statement”) shall have been mailed to Valero’s stockholders as of the Record Date.
Valero shall instruct the Agent to distribute, as soon as practicable following the Distribution Date, to each Record Holder the following: (i) one share of Corner Store Common Stock for each nine shares of Valero Common Stock held by such Record Holder as of the Record Date and (ii) cash, if applicable, in lieu of fractional shares obtained in the manner provided in Section 3.2(d).
Valero shall instruct the Agent to distribute, as soon as practicable following the Distribution Date, to each Record Holder the following: (i) [•] shares of Corner Store Common Stock for each share of Valero Common Stock held by such Record Holder as of the Record Date and (ii) cash, if applicable, in lieu of fractional shares obtained in the manner provided in Section 3.2(d).