Common use of Authorized Stock Clause in Contracts

Authorized Stock. The total number of authorized shares of capital stock of the Corporation shall be 2,010,000,000 shares, consisting of (i) 2,000,000,000 shares of common stock, par value $0.00001 per share (the “Common Stock”), and (ii) 10,000,000 shares of preferred stock, par value $0.001 per share (the “Preferred Stock”). For the avoidance of doubt, this Section 1 gives effect to, and will not be affected by, the reverse stock split contemplated by Section 4 of this ARTICLE 4.

Appears in 3 contracts

Samples: Investment Agreement (SilverSun Technologies, Inc.), Investment Agreement (SilverSun Technologies, Inc.), Investment Agreement (SilverSun Technologies, Inc.)

AutoNDA by SimpleDocs

Authorized Stock. The total number of authorized shares of all classes of capital stock of which the Corporation shall have authority to issue is 101,000,000 of which 100,000,000 shares shall be 2,010,000,000 shares, consisting of (i) 2,000,000,000 shares of common stock, stock having a par value of $0.00001 0.001 per share (the “Common Stock”), and (ii) 10,000,000 shares of preferred stock, par value $0.001 per share (the “Preferred Stock”). For the avoidance of doubt, this Section 1 gives effect to, and will not be affected by, the reverse stock split contemplated by Section 4 of this ARTICLE 4.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Portman Ridge Finance Corp), Merger Agreement (Harvest Capital Credit Corp), Merger Agreement (Garrison Capital Inc.)

Authorized Stock. The total number of authorized shares of capital stock of the Corporation shall be 2,010,000,000 three hundred fifty million (350,000,000) shares, consisting of (i) 2,000,000,000 three hundred million (300,000,000) shares of common stock, par value $0.00001 0.01 per share (the “Common Stock”), and (ii) 10,000,000 fifty million (50,000,000) shares of preferred stock, par value $0.001 0.01 per share (the “Preferred Stock”). For the avoidance of doubt, this Section 1 gives effect to, and will not be affected by, the reverse stock split contemplated by Section 4 of this ARTICLE 4.

Appears in 2 contracts

Samples: Separation and Distribution Agreement (Vestis Corp), Separation and Distribution Agreement (Aramark)

Authorized Stock. The total number of authorized shares of capital stock of the Corporation which this corporation shall be 2,010,000,000 have authority to issue is fifty five million (55,000,000) shares, consisting of divided as follows: (i) 2,000,000,000 fifty million (50,000,000) shares of common stock, par value $0.00001 per share (the “Common Stock”), and (ii) 10,000,000 shares of preferred stock, par value $0.001 per share share, and (the “ii) five million (5,000,000) shares of Preferred Stock”). For the avoidance of doubt, this Section 1 gives effect to, and will not be affected by, the reverse stock split contemplated by Section 4 of this ARTICLE 4par value $0.001 per share.

Appears in 2 contracts

Samples: Purchase Agreement (Power Solutions International, Inc.), Purchase Agreement (Power Solutions International, Inc.)

AutoNDA by SimpleDocs

Authorized Stock. The total number of authorized shares of capital all stock of which the Corporation shall be 2,010,000,000 have authority to issue is 202,000,000 shares, consisting of of: (i) 2,000,000,000 200,000,000 shares of common stock, par value $0.00001 .001 per share (the “Common Stock”), ) and (ii) 10,000,000 shares of preferred stock2,000,000 shares, $.001 par value $0.001 per share share, designated as preferred stock (the “Preferred Stock”). For the avoidance of doubt, this Section 1 gives effect to, and will not be affected by, the reverse stock split contemplated by Section 4 All cross references in each subdivision of this ARTICLE 4IV refer to other paragraphs in such subdivision unless otherwise indicated.

Appears in 1 contract

Samples: Merger Agreement (Scientific Games Corp)

Authorized Stock. The total number of authorized shares of capital stock of the Corporation shall be 2,010,000,000 shares, consisting of 610,660,000 shares which shall be divided into three classes as follows: (i) 2,000,000,000 660,000 shares of common stock, Serial Preferred Stock of the par value of $0.00001 100 per share (the “Serial Preferred Stock”), (ii) 10,000,000 shares of Class B Serial Preferred Stock of the par value of $1.00 per share (the “Class B Serial Preferred Stock” and together with the Serial Preferred Stock, the “Preferred Stock”) and (iii) 600,000,000 shares of Common Stock of the par value of $1.00 per share (the “Common Stock”), and (ii) 10,000,000 shares of preferred stock, par value $0.001 per share (the “Preferred Stock”). For the avoidance of doubt, this Section 1 gives effect to, and will not be affected by, the reverse stock split contemplated by Section 4 of this ARTICLE 4.

Appears in 1 contract

Samples: Merger Agreement (Arconic Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!