Examples of Marketable Security in a sentence
Subject to the next succeeding sentence, the Company will, as soon as practicable thereafter, issue and deliver at said office or place to such Holder of a Security, or to his nominee or nominees, certificates for the number of full shares of Common Stock or other Marketable Security to which he shall be entitled as aforesaid, together, subject to the last sentence of paragraph (a) above, with cash in lieu of any fraction of a share to which he would otherwise be entitled.
Subject to the next succeeding sentence, the Company will, as soon as practicable thereafter, issue and deliver at said office or place to such Holder of a Security, or to his nominee or nominees, certificates for the number of full Class A Shares or other Marketable Security to which he shall be entitled as aforesaid, together, subject to the last sentence of paragraph (a) above, with cash in lieu of any fraction of a share to which he would otherwise be entitled.
The Company may, but shall not be required, in connection with any conversion of Securities, to issue a fraction of a Class A Share or of such other Marketable Security, and, if the Company shall determine not to issue any such fraction, the Company shall, subject to Section 12.03 (4), make a cash payment (calculated to the nearest cent) equal to such fraction multiplied by the Closing Price of the Class A Shares or such other Marketable Security on the last Trading Day prior to the date of conversion.
In addition, the Company further warrants that the Maturity Consideration so delivered upon payment and discharge of STRYPES hereunder shall be free of any transfer restrictions (other than such as are solely attributable to any Holder's status as an affiliate of CIBER or of the issuer of any Marketable Security).
Any such in kind distribution shall be made as if such Marketable Security were an amount of Net Portfolio Receipts (or, in the case of Funded Securities, Net Funded Securities Receipts) equal to its value as determined pursuant to Section 7.7 (and, for purposes of thereafter applying Section 7.1, Section 7.6 or so much of any other provision of this Agreement as relates to the applicable one of such Sections, shall be treated as having been distributed pursuant to such Section).