Description of Stock. Common Stock Shareholders participate at the discretion of the Board of Directors and Officers and via the Approval of Shareholders in the pro-rata earnings of the company only after all fixed charges, if any dividend, other capital allocation, capital expenditures at the discretion of the company, the Board of Directors shall be allocated prudently. 5. 4.
Description of Stock. The Stock shall have the designation, preferences, rights, powers and restrictions set forth in the Company's Amended and Restated Articles of Incorporation, as amended (the "Articles"), and in the Articles of Amendment (the "Articles of Amendment") that will establish the Stock as a new series of the Company's Preferred Stock, Cumulative, $25 Par Value and fix those terms and characteristics thereof in respect of which there may be variations among the series of the Company's Preferred Stock.
Description of Stock. As used in this Agreement, the term Stock refers to the common stock purchased under this Agreement and includes all securities received (i) in replacement of the Stock, (ii) as a result of any division or split of Stock or other equity interests in the Company, and (iii) in replacement of the Stock in connection with a combination, exchange, merger, recapitalization, reclassification, reorganization, consolidation or other business combination transaction involving the Company or otherwise.
Description of Stock. The capital stock of the Company conforms in all material respects to the statements relating thereto contained in the Registration Statement, the General Disclosure Package and the Prospectus.
Description of Stock. The Stock shall have the designation, preferences, rights, powers and restrictions set forth in the Company’s Amended and Restated Certificate of Formation, as amended by the Statement of Resolution Establishing the Series A Preferred Stock of Entergy Texas, Inc. (the “Resolution”) to be filed prior to the Closing Date (the Amended and Restated Certificate of Formation as amended by the Resolution is hereinafter referred to as the “Certificate of Formation”); such Resolution will establish the Stock as a new series of the Company’s preferred stock, with no par value (the “Preferred Stock”) and fix those terms and characteristics thereof in respect of which there may be variations among the series of the Preferred Stock.
Description of Stock. The relative rights, preferences and restrictions granted to or imposed upon the Series D Perpetual Non-Voting Preferred Shares, par value $1.00 per share, created by PXRE Group Ltd. and upon the holders thereof are set forth below.
Description of Stock. The term “
Description of Stock. The Company proposes to issue and sell and the Selling Stockholder proposes to sell to the Underwriters an aggregate of 1,650,000 shares (the "Stock") of common stock, $.01 par value per share (the "Common Stock") of the Company, of which 1,620,000 shares are being sold by the Company and 30,000 shares by the Selling Stockholder. In addition, the Company proposes to grant to the Underwriters (or to the Representative, individually) an option to purchase up to 247,500 additional shares of Common Stock (the "Additional Stock"). The offering of Stock and Additional Stock contemplated hereby may sometimes be referred to as the "Offering."
Description of Stock. (a) The Company proposes to sell to the U.S. Underwriters an aggregate of 15,600,000 shares (the "Firm U.S. Shares") of Common Stock, par value $.01 per share (the "Common Stock"), of the Company, upon the terms and subject to the conditions set forth herein. The Company also proposes to grant to the U.S. Underwriters the option to purchase from the Company, for the sole purpose of covering over-allotments, if any, in connection with the sale of the Firm U.S. Shares, an aggregate of up to 2,340,000 additional shares (the "Additional U.S. Shares") of Common Stock upon the terms and subject to the conditions set forth herein and for the purposes set forth in Section 4(b) hereof. The Firm U.S. Shares and the Additional U.S. Shares are hereinafter referred to collectively as the "U.S. Shares."
Description of Stock. The Company proposes to issue and sell to -------------------- the Underwriters 500,000 shares (the "Firm Stock") of the Company's common stock, $1.00 par value per share (the "Common Stock"). The Company also proposes to grant to the Underwriters an option to purchase up to an additional 75,000 shares of the Common Stock (the "Option Stock") on the terms and conditions contained in this Agreement for the sole purpose of covering over-allotments. The Firm Stock and the Option Stock, if purchased, is hereinafter called the "Stock."
