Payment in Common Shares Sample Clauses

Payment in Common Shares. On redemption or on maturity of the Debentures, the Corporation may, at its sole option and subject to the provisions of Sections 4.6 and 4.9, as applicable, and subject to any applicable regulatory approvals, elect to satisfy its obligation to pay all or a portion of the aggregate principal amount of the Debentures by issuing and delivering Freely Tradeable Common Shares to such holders of Debentures. If the Corporation elects to exercise such option, it will provide details in the Redemption Notice or deliver a maturity notice (the “Maturity Notice”) to the holders of the Debentures substantially in the form of Schedule C. Interest accrued and unpaid on the Debentures to but not including the Redemption Date or the Maturity Date will be paid in cash, subject to Section 2.2(j) .
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Payment in Common Shares. Upon and subject to the terms and conditions of Section 2.10, on the Maturity Date, the holders of the Debentures shall have the right to require the Corporation to repay all or any portion of the outstanding principal amount of the Debentures then outstanding through the issuance of Common Shares in satisfaction of such amounts at a price equal to the Current Market Price at the close of business on the Business Day immediately prior to the Maturity Date.
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Payment in Common Shares on Redemption of Debentures ---------------------------------------------------- Subject to section 3.10 and applicable law and regulatory approval, and notwithstanding any other provision of this Indenture, the Corporation may, at its option, in the case of redemption on notice given contemporaneously with the notice of redemption pursuant to section 3.4 to the Trustee and the Holders of the Debentures and in accordance with subsection 3.12 and Article 11, elect to satisfy and discharge its obligation hereunder and under the Debentures to pay all or any part of the aggregate principal amount payable to the Holders of Debentures on redemption by the issue and delivery to such holders of that number of freely tradeable, fully paid and non-assessable Common Shares obtained by dividing such aggregate principal amount by 95% of the Current Market Price of the Common Shares as at the redemption date. The Corporation may not exercise the right conferred by this section 3.9 if an Event of Default hereunder has occurred and is continuing at the date of the notice referred to in this section 3.9.
Sample 1
Payment in Common Shares. In addition to payment pursuant ------------------------ to paragraph 4 above, this Note may also be paid in full or in part by the Maker at any time or from time to time by either (a) the surrender to the Trust for cancellation of a certificate or certificates registered in the name of the Maker (or his successors or assigns) representing the Trust's common shares of beneficial interest, par value $.01 per share ("Common Shares"), or (b) the delivery by the Maker to the Trust of a written instrument notifying the Trust of the Maker's intent to surrender for cancellation of a specified number of the Pledged Shares (as defined below) then held by the Trust pursuant to the terms of the Pledge Agreement (as defined below) for the purpose of making such payment. In either case, the aggregate amount of the accrued but unpaid interest and principal, if any, to be paid shall be calculated based on the aggregate Value (as defined below) of the Common Shares surrendered or to be surrendered for cancellation by the Trust. For purposes of this Note, "Value" shall mean the product of the number of Common Shares so delivered, multiplied by the Fair Market Value of a Common Share. "Fair Market Value" shall mean 100% of the closing sale price of the Trust's common shares of beneficial interest (as reported on The New York Stock Exchange's Composite Transactions Tape) for the trading day immediately preceding the day on which the Trust has taken delivery of the Common Shares or the Maker's written request for the application of Pledged Shares for such purpose, as the case may be, in connection with such payment.
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Related to Payment in Common Shares

  • Changes in Common Stock or Preferred Stock If, and as often as, there is any change in the Common Stock or the Preferred Stock by way of a stock split, stock dividend, combination or reclassification, or through a merger, consolidation, reorganization or recapitalization, or by any other means, appropriate adjustment shall be made in the provisions hereof so that the rights and privileges granted hereby shall continue with respect to the Common Stock or the Preferred Stock as so changed.

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

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

  • Parent Common Stock At and after the Effective Time, each share of Parent Common Stock issued and outstanding immediately prior to the Effective Time shall remain an issued and outstanding share of common stock of the Surviving Corporation and shall not be affected by the Merger.

  • 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).

  • Changes in Common Stock If, and as often as, there is any change in the Common Stock by way of a stock split, stock dividend, combination or reclassification, or through a merger, consolidation, reorganization or recapitalization, or by any other means, appropriate adjustment shall be made in the provisions hereof so that the rights and privileges granted hereby shall continue with respect to the Common Stock as so changed.

  • 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.

  • Legend on Common Stock Certificates Certificates for shares of the ------------------------------------- Common Stock issued after the Record Time but prior to the Separation Time shall evidence one Right for each share of Common Stock represented thereby and shall have impressed on, printed on, written on or otherwise affixed to them the following legend: Until the Separation Time (as defined in the Rights Agreement referred to below), this certificate also evidences and entitles the holder hereof to certain Rights as set forth in a Shareholder Rights Agreement, dated as of October 11, 2001 (as such may be amended from time to time, the "Rights Agreement"), between Central Bancorp, Inc. (the "Company") and Registrar and Transfer Company, the Rights Agent, the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal executive offices of the Company. Under certain circumstances, as set forth in the Rights Agreement, such Rights may be redeemed, may be exchanged for shares of Common Stock or other securities or assets of the Company, may expire, may become void (if they are "Beneficially Owned" by an "Acquiring Person" or "Adverse Person" or an Affiliate or Associate thereof, as such terms are defined in the Rights Agreement, or by any transferee of any of the foregoing) or may be evidenced by separate certificates and may no longer be evidenced by this certificate. The Company will mail or arrange for the mailing of a copy of the Rights Agreement to the holder of this certificate without charge within five days after the receipt of a written request therefor. Until the Separation Time, certificates representing shares of Common Stock that are issued and outstanding at the Record Time shall evidence one Right for each share of Common Stock evidenced thereby notwithstanding the absence of the foregoing legend.

  • Class A Common Stock Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock having a preference over or the right to participate with the Class A Common Stock with respect to the payment of dividends and other distributions in cash, stock of any corporation or property of the Corporation, the holders of Class A Common Stock shall be entitled to receive ratably, taken together as a single class, in proportion to the number of shares held by each such stockholder such dividends and other distributions as may from time to time be declared by the Board in its discretion out of the assets of the Corporation that are by law available therefor at such times and in such amounts as the Board in its discretion shall determine.

  • Shares The term “

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