Stock Contribution. Subject to Sections 2.4 and 3.1(b), Wings will transfer to a trust or trusts or subtrusts (collectively, the “Trusts”) formed pursuant to a qualified plan (the “Plan”) established and maintained by Wings, 25,143 shares (subject to adjustment as provided below) of duly authorized, validly issued and non-assessable Series C Voting Convertible Exchangeable Preferred Stock, par value $.01 per share, of Wings (the “Series C Voting Preferred Stock”). Such number of shares of Series C Voting Preferred Stock will be increased to prevent dilution of the percentage ownership interest represented by the Series C Voting Preferred Stock as a result of the Existing Preferred Stock Common Issuance. The Series C Voting Preferred Stock will be entitled to vote with the Wings common stock on matters submitted to a vote of the holders of such common stock to the extent set forth in Section 3.3 below. The Series C Voting Preferred Stock will be convertible into Wings common stock as provided in Section 3.1 below. Attached hereto as Exhibit F is a schedule of the number of shares of each class of Wings common stock outstanding as of the date hereof.
Stock Contribution. Parent shall have contributed to Holding Company 100% of the outstanding Capital Stock of Triangle. Holding Company shall have contributed to Borrower 100% of the outstanding Capital Stock of Triangle.
Stock Contribution. At Closing, or as soon thereafter as possible, but in all events within the Second Condition Subsequent Period (as defined in Section 4.1(b) hereof), RSi will contribute to the capital of RSi BRE the amount of 166,667 shares of RSi's Series B Preferred Stock (the "RSI Shares"), to enable RSi BRE to satisfy its obligations under Section 3.1(b) of this Agreement.
Stock Contribution. 1 Subsidiary. . . . . . . . . . . . . . . . . . . . . .10
Stock Contribution. Parent agrees to contribute and transfer to the name of Surviving Entity all of the stock, warrants, or options of Workstream Inc. that the Parent owns or will own from Closing to December 31, 2005.
Stock Contribution. The Stock Contribution shall not have been effected within five (5) Business Days (or such later date as shall be reasonably consented to by the Administrative Agent but in any event not later than 30 days) after TWI shall become aware that all legal impediments to the Stock Contribution have been removed or lifted;".
1.14. Section 9.15 of the Credit Agreement shall be amended by adding the following at the end thereof:
Stock Contribution. 1 Subsidiary...................................................................10
