Alloy Stock Sample Clauses

Alloy Stock. The Sale Period shall begin on the earlier of (x)the "S-3 Effective Date" as defined in the Operating Agreement or (y) 30 days from the closing of the CCS/KMI Sale. In the event the S-3 registration statement related to the Alloy Stock is suspended for any reason after the first portion of the first quarterly payment has been made, the Payment Date which follows such suspension and only that Payment Date shall be tolled for a period equal to the shorter of (x) the actual period of suspension and (y) thirty calendar days; provided that such tolling shall not be applied more than twice during the Sale Period, provided, further, that the Maturity Date must be a date no later than October 18, 2001. The Alloy Stock Proceeds shall be remitted to Agent as received by Broker with each quarterly payment requiring a sale of at least 399,339 shares per quarter (each such date is a "Payment Date") until such time as Agent confirms to Broker in writing that it has received all amounts owing in connection with the Term Loan; provided that as of each Payment Date, all payments made in such quarter shall not be less than an amount sufficient to pay all interest on the Liabilities due and payable at the time of each such Payment Date. Alloy Stock Proceeds received in excess of the amounts required to be remitted to Agent in accordance with this subsection (b) shall be used to reduce the then current balance of the Term Loan applied in the inverse order of maturity of payment:
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to Alloy Stock

  • Company Stock The Certificates and stock powers, duly endorsed, transferring the Company Stock to Subsidiary and the officer and director resignations required in Section 4.6;

  • Xxxxx Stock The Company agrees that it will use commercially reasonable efforts to prevent the Company from becoming subject to Rule 419 under the Securities Act prior to the consummation of any Business Combination, including, but not limited to, using its best efforts to prevent any of the Company’s outstanding securities from being deemed to be a “xxxxx stock” as defined in Rule 3a51-1 under the Exchange Act during such period.

  • Common Shares 4 Company...................................................................................... 4

  • Common Stock 1 Company........................................................................1

  • Shares The term “

  • Ordinary Shares The Ordinary Shares included in the Units have been duly authorized and, when issued and delivered against payment for the Offered Securities by the Underwriters pursuant to this Agreement and registered in the Company’s register of members, will be validly issued, fully paid and non-assessable. The holders of such Ordinary Shares are not and will not be subject to personal liability by reason of being such holders; such Ordinary Shares are not and will not be subject to any preemptive or other similar contractual rights granted by the Company.

  • Treasury Stock For purposes of this Section 2, shares of Common Stock owned or held at any relevant time by, or for the account of, the Company, in its treasury or otherwise, shall not be deemed to be outstanding for purposes of the calculations and adjustments herein described.

  • Fractional Shares of Common Stock (a) The Company shall not issue fractions of Warrants or distribute Warrant Certificates which evidence fractional Warrants. Whenever any fractional Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction to the nearest whole Warrant (rounded down).

  • Cancellation of Treasury Stock and Parent-Owned Stock Any shares of Company Common Stock that are owned by the Company as treasury stock, and any shares of Company Common Stock owned by Parent or Merger Sub, shall be automatically canceled and shall cease to exist and no consideration shall be delivered in exchange therefor.

  • Company Shares If the managing underwriter has not limited the number of Registrable Securities to be underwritten, the Company may include securities for its own account or for the account of others in such registration if the managing underwriter so agrees and if the number of Registrable Securities which would otherwise have been included in such registration and underwriting will not thereby be limited.

Time is Money Join Law Insider Premium to draft better contracts faster.