Worthington Steel Stock definition

Worthington Steel Stock shall have the meaning set forth in the Recitals.
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Worthington Steel Stock has the meaning set forth in the Separation Agreement.
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Examples of Worthington Steel Stock in a sentence

  • On or prior to the Distribution Date, New Worthington shall deliver to the Agent, for the benefit of the Record Holders, duly executed transfer forms for such number of the outstanding shares of Worthington Steel Stock as is necessary to effect the Distribution.

  • All of the shares of Worthington Steel Stock distributed will be validly issued, fully paid and non-assessable.

  • Neither New Worthington nor Worthington Steel shall be required to guarantee any minimum sale price for the fractional shares of Worthington Steel Stock.

  • Until the Worthington Steel Stock is duly transferred in accordance with this Section 3.2 and applicable Law, from and after the Effective Time, Worthington Steel will regard the Persons entitled to receive such Worthington Steel Stock as record holders of Worthington Steel Stock in accordance with the terms of the Distribution without requiring any action on the part of such Persons.

  • Effective as of the Effective Time, Worthington Steel shall adopt the Worthington Steel Stock Plan, which shall permit the grant and issuance of equity incentive awards denominated in Worthington Steel Common Stock as described in this Article IV.

  • The Worthington Steel Stock to be distributed to the New Worthington shareholders in the Distribution shall have been accepted for listing on the NYSE, subject to official notice of distribution.

  • The Form 10 registering the Worthington Steel Stock shall be effective under the Exchange Act, with no stop order in effect with respect thereto, and the Information Statement included therein shall have been mailed to New Worthington’s shareholders as of the Record Date.

  • Worthington Steel agrees to update its register of members in relation to the transfers of Worthington Steel Stock that New Worthington or the Agent shall require in order to effect the Distribution.

  • Worthington Steel and New Worthington agree that from and after the Effective Time each such holder will be entitled to receive all dividends payable on, and exercise voting rights and all other rights and privileges with respect to, the Worthington Steel Stock then deemed to be held by such holder.

  • New Worthington shall instruct the Agent to distribute, as soon as practicable following the Effective Time, to each Record Holder the following: (i) [ ⚫ ] shares of Worthington Steel Stock for every [ ⚫ ] shares of New Worthington Stock held by such Record Holder as of the Record Date and (ii) cash, if applicable, in lieu of fractional shares obtained in the manner provided in Section 3.2(c).

Related to Worthington Steel Stock

  • Surviving Corporation Common Stock has the meaning set forth in Section 1.7(a).

  • Acquisition Sub shall have the meaning set forth in the Preamble.

  • MergerSub has the meaning set forth in the Preamble.

  • New Equity Interests means the limited liability company

  • Holdings Common Stock means the common stock, par value $0.01 per share, of Holdings.

  • Acquisition Subsidiary shall have the meaning set forth in the Preamble.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Holdco has the meaning set forth in the Preamble.

  • Merger Sub Common Stock means the common stock, par value $0.01 per share, of Merger Sub.

  • Stock Acquisition means the purchase or other acquisition by Borrower or any of its Subsidiaries of all of the Equity Interests (by merger, stock purchase or otherwise) of any other Person.

  • Amalgamating Corporations means both of them;

  • Company Capital Stock means the Company Common Stock and the Company Preferred Stock.

  • MergerCo shall have the meaning set forth in the introductory paragraph to this Agreement.

  • Parent Capital Stock means Parent Common Stock and Parent Preferred Stock.

  • Amalco Common Shares means common shares in the capital of Amalco;

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Equity Interests means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest.

  • Merger Sub has the meaning set forth in the Preamble.

  • SCC means the Special Conditions of Contract.

  • Parent Ordinary Shares means the ordinary shares, par value $0.25 per share, of Parent.

  • US Holdco means, notwithstanding anything in the Indenture to the contrary, Brookfield Infrastructure US Holdings I Corporation; and

  • Voting Equity Interests means Equity Interests which at the time are entitled to vote in the election of, as applicable, directors, members or partners generally.

  • Purchaser Common Stock means the common stock, par value $0.01 per share, of Purchaser.