Examples of Successor Shares in a sentence
The tax holding period of the Successor Shares received by Current Fund Shareholders will include, for each such Shareholder, the tax holding period for the Current Fund Shares surrendered in exchange therefor, provided that the Current Fund Shares were held as capital assets on the date of the exchange.
This Agreement may be amended, modified or supplemented in such manner as may be mutually agreed upon in writing by the parties; provided, however, that following the approval of this Agreement by the Current Funds' Shareholders, no such amendment may have the effect of changing the provisions for determining the number of Successor Shares to be paid to the Current Fund Shareholders under this Agreement to the detriment of the Current Fund Shareholders without their further approval.
If the Successor Shares that the Calculation Agent determines to be comparable to the Basket Stocks are not listed or approved for trading on a major U.S. exchange or market at the Final Valuation Date, the Calculation Agent may determine, in its sole discretion, the value of such Successor Shares.
Your consent to such amendments will not be required and you will be obliged to accept Approved Successor Shares rather than Westpac Shares on Conversion.
Such distribution will be accomplished by the transfer of the Successor Shares then credited to the account of the Current Fund on the share records of the Successor Trust to open accounts on those records in the names of the Current Fund Shareholders and representing the respective pro rata number of the Successor Shares received from the Successor Trust on behalf of the Successor Fund due the Current Fund Shareholders.
The Successor Trust shall issue and deliver to the Current Fund a confirmation evidencing the Successor Shares to be credited on the Closing Date or provide evidence satisfactory to the Current Fund that such Successor Shares have been credited to the Current Fund's account on the books of the Successor Trust.
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Your consent to such amendments will not be required.In such an event you will be obliged to accept Approved Successor Shares rather than Westpac Shares on Conversion.
Fractional Successor Shares shall be rounded to the third place after the decimal point.
If any Basket Stock is delisted or trading of any Basket Stock is suspended, and the Calculation Agent determines in its sole discretion that no Successor Shares for such Basket Stock exist, the Calculation Agent may determine, in its sole discretion, the Final Stock Price for such Basket Stock.