Examples of Excluded Stockholders in a sentence
Defendants shall also use reasonable efforts to obtain suppression letters from Excluded Stockholders and/or Excluded Stockholders’ brokers if requested to do so by the DTC.
Following the Effective Date, the Net Settlement Fund will be disbursed on a per-share basis to the holders of H&H common stock who received Transaction Consideration, whether through the voluntary Tender Offer or the mandatory Merger, other than Excluded Stockholders (the “Settlement Payment Recipients”).
At the request of Plaintiffs’ Co-Lead Counsel, Defendants will use reasonable efforts to provide to the Settlement Administrator or Bernstein Litowitz any additional information as may be required to distribute the Net Settlement Fund to eligible Settlement Class Members and not to Excluded Stockholders, including, without limitation, the correct address or other contact information used to communicate with the appropriate representatives of each DTC Participant listed on the Allocation Report.
The Settlement Administrator shall provide DTC Participants with a list of Excluded Stockholders and direct the DTC Participants not to distribute any payment to any Excluded Stockholders.
DTC’s sole obligation in connection with the Settlement shall be to distribute the Eligible Shares of the Net Settlement Amount to DTC Participants in accordance with the Stipulation and DTC rules and procedures, and DTC shall not be responsible for any errors in the calculation of any distribution or for any failure by the Settlement Administrator, Defendants, or Plaintiffs’ Counsel to identify the Excluded Stockholders.