Valero Common Stock definition
Examples of Valero Common Stock in a sentence
The shares of Valero Common Stock to be issued in the Merger and such other shares of Valero Common Stock to be reserved for issuance in connection with the Merger shall have been approved for listing on the NYSE, subject to official notice of issuance.
All of the shares of Valero Common Stock to be issued as Merger Consideration shall be duly authorized, validly issued, fully paid, nonassessable and free of preemptive rights, with no personal liability attaching to the ownership thereof.
With respect to the receipt of dividends, the payment of dividends shall be made by the last day of the fiscal quarter during which dividends on Valero Common Stock are paid, but in any event by no later than the 15th day of the month following the end of the year in which the applicable dividends on Valero Common Stock are paid.
Solely for purposes of computing fractional share interests pursuant to Section 3.2(d), the beneficial owner of Valero Common Stock held of record in the name of a nominee in any nominee account shall be treated as the holder of record with respect to such shares.
If the resulting product includes a fractional share, the number of shares of Valero Common Stock subject to such Adjusted Valero PSA shall be rounded to the nearest whole share.
Each Valero RSA outstanding as of the Distribution Date shall be adjusted by multiplying the number of shares of Valero Common Stock subject to such Valero RSA by the Valero Share Ratio (each such adjusted Valero RSA, an “Adjusted Valero RSA”).
If the resulting product includes a fractional share, the number of shares of Valero Common Stock subject to such Adjusted Valero RSA shall be rounded to the nearest whole share.
Each Valero PSA outstanding as of the Distribution Date shall be adjusted by multiplying the number of shares of Valero Common Stock subject to such Valero PSA by the Valero Share Ratio (each such adjusted Valero PSA, an “Adjusted Valero PSA”).
All of the issued and outstanding shares of Valero Common Stock have been duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights, with no personal liability attaching to the ownership thereof.
No certificates or scrip or shares of Valero Common Stock representing fractional shares of Valero Common Stock or book-entry credit of the same shall be issued upon the surrender for exchange of UDS Certificates, and such fractional share interests will not entitle the owner thereof to vote or to have any rights of a stockholder of Valero or a holder of shares of Valero Common Stock.