Examples of Residential Class B Common Stock in a sentence
The Residential Class B Common Stock shall be listed on the NYSE or another national securities exchange, subject to official notice of issuance.
Residential shall use its reasonable best efforts to cause any such registration statement to be effective (and the current status of the prospectus or prospectuses required thereby shall be maintained) as long as any such options to purchase Residential Class B Common Stock may remain outstanding.
Residential shall hold such Residential Class B Common Stock and/or cash for the account of such holder of record and any such holder of record shall look only to Residential for such Residential Class B Common Stock and/or cash, if any, in lieu of fractional share interests, subject in each case to applicable escheat or other abandoned property laws.
Fractional shares of Residential Class B Common Stock will not be distributed in the Distribution nor credited to book-entry accounts.
On or immediately following the Distribution Date, the Agent will mail an account statement indicating the number of shares of Residential Class B Common Stock that have been registered in book-entry form in the name of each Record Holder that holds physical share certificates representing its shares of ALTISOURCE Common Stock and that is the registered holder of the shares represented by those certificates (including the amount of cash in lieu of fractional shares as provided in Section 5.01(c) below).
Subsequent to the effectiveness of the Form 10, but prior to the consummation of the Distribution, Residential shall prepare and file with the Commission a registration statement on Form S-8 (or another appropriate form) registering a number of shares of Residential Class B Common Stock equal to the number of shares subject to the options to purchase Residential Class B Common Stock resulting from the actions contemplated in Section 3.04 above and under any new equity incentive or similar plan.
None of ALTISOURCE, Residential or the applicable Agent will guarantee any minimum sale price for the fractional shares of Residential Class B Common Stock.
Any Residential Class B Common Stock or cash in lieu of fractional shares with respect to Residential Class B Common Stock that remains unclaimed by any holder of record one hundred-eighty (180) days after the Distribution Date shall be delivered to Residential.
Any Residential Class B Common Stock or cash in lieu of fractional shares with respect to Residential Class B Common Stock that remains unclaimed by any holder of record one hundred-eighty(180) days after the Distribution Date shall be delivered to Residential.