Stock Interest Sample Clauses

The Stock Interest clause defines the rights and obligations associated with ownership of shares or equity in a company. It typically outlines how stock interests are granted, transferred, or forfeited, and may specify conditions such as vesting schedules, restrictions on sale, or voting rights attached to the shares. This clause serves to clarify the terms under which individuals or entities hold an ownership stake, thereby preventing disputes and ensuring all parties understand their entitlements and limitations regarding company stock.
Stock Interest. Prior to the Closing, Choice-Intersil will divest its Equity Interest in Intersil Americas to an Affiliate of Seller or other person. Purchaser acknowledges that such Equity Interest in Intersil Americas is not a Conveyed Asset.
View SourceView Similar (2)
Stock Interest. 45 Section 7.17 **......................................................45 Section 7.18.
View Source
Stock Interest. 3.1. TCC will receive 250,000 common shares of the Reporting Company (“the TCC Shares”). The TCC Shares shall be included in the registration statement to be filed pursuant to this agreement. 3.2. The Reporting Company will not at any time take or allow any action (whether by reverse stock split or otherwise) which would have the effect of reducing the absolute number of the TCC Shares. Agreement with Tiber Creek Corporation Page Number 2
View Source
Stock Interest. 5.1. TCC will receive 250,000 common shares of the Reporting Company (“the TCC Shares”). The TCC Shares shall be included in the registration statement to be filed pursuant to this agreement. 5.2. If, on the one year anniversary date of the execution of this agreement (“Reset Date”) the market value of the Reporting Company’s shares is less than $1.00 per share, the Reporting Company will issue to TCC additional shares necessary to equal the difference between the market value of the TCC Shares and $1.00 per share. A used herein, “market value” shall mean the average closing bid of the Reporting Company’s common stock for the 30 days immediately prior to the Reset Date. In the event that on the one year anniversary date the common stock of the Reporting Company is not then trading, the Reset Date shall be extended until the first date on which the Reporting Company’s common stock shall have been trading for 30 days. Additional shares, if required, shall be issued pursuant to an S-8 registration statement if available at that time. 5.3. The Reporting Company will not at any time take or allow any action (whether by reverse stock split or otherwise) which would have the effect of reducing the absolute number of the TCC Shares.
View Source
Stock Interest. TGE is currently the owner of: a) the Membership Interest and Stock Interest; and b) owns 100% Stock Interest and has good and marketable title to and the absolute right to assign and transfer such Membership Interest and Stock Interest to CS Bankers, free and clear of any and all interests, security interests, claims, pledges, demands, penalties, charges, encumbrances, and buy-sell agreements, all of which will be terminated as of the Closing Date. TGE has all right, power and authority to enter into this Agreement and to assign and transfer the Membership Interest and the Stock Interest as provided herein, and this Agreement, and any instrument or document executed in connection herewith, have been duly executed and delivered by TGE. This Agreement, and all instruments and documents executed in connection herewith, constitute valid and binding obligations of TGE, enforceable against TGE in accordance with their terms. Upon delivery of and payment for the redemption of the Membership Interest and the Stock Interest in accordance with this Agreement, CS Bankers shall acquire good and marketable title thereto, free and clear of any interests, security interests, claims, pledges, demands, penalties, charges, encumbrances, buy-sell agreements, options of CS Bankers or any party whatsoever of every kind and character, except as set forth herein. MEMBERSHIP INTEREST IN CS BANKERS V, LLC PAGE 2 OF 11
View Source

Related to Stock Interest

  • Fractional Interests In computing adjustments under this Section 4, fractional interests in Common Stock shall be taken into account to the nearest one one-hundredth (1/100th) of a share.

  • Common Interest All information exchanged between the Parties or between the Parties’ outside patent counsel regarding Prosecution of the Acceleron Patent Rights or Joint Patent Rights shall be deemed Confidential Information. In addition, the Parties acknowledge and agree that, with regard to such Prosecution of the Acceleron Patent Rights or Joint Patent Rights, the interests of the Parties as licensor and licensee are to obtain the strongest patent protection possible, and, as such, are aligned and are legal in nature. The Parties agree and acknowledge that they have not waived, and nothing in this Agreement constitutes a waiver of, any legal privilege concerning the Acceleron Patent Rights or Joint Patent Rights, including privilege under the common interest doctrine and similar or related doctrines.

  • Distributions Other Than Cash, Shares or Rights to Purchase Shares (a) Whenever the Company intends to distribute to the holders of Deposited Securities property other than cash, Shares or rights to purchase additional Shares, the Company shall give notice thereof to the Depositary at least 30 days prior to the proposed distribution and shall indicate whether or not it wishes such distribution to be made to Holders of ADSs. Upon receipt of a notice indicating that the Company wishes such distribution be made to Holders of ADSs, the Depositary shall determine whether such distribution to Holders is lawful and practicable. The Depositary shall not make such distribution unless (i) the Company shall have timely requested the Depositary to make such distribution to Holders, (ii) the Depositary shall have received satisfactory documentation within the terms of Section 5.7 hereof and (iii) the Depositary shall have determined that such distribution is lawful and reasonably practicable. (b) Upon receipt of satisfactory documentation and the request of the Company to distribute property to Holders of ADSs and after making the requisite determinations set forth in (a) above, the Depositary may distribute the property so received to the Holders of record as of the ADS Record Date, in proportion to the number of ADSs held by such Holders respectively and in such manner as the Depositary may deem practicable for accomplishing such distribution (i) upon receipt of payment or net of the applicable fees and charges of, and expenses incurred by, the Depositary and (ii) net of any taxes and/or other governmental charges. The Depositary may dispose of all or a portion of the property so distributed and deposited, in such amounts and in such manner (including public or private sale) as the Depositary may deem practicable or necessary to satisfy any taxes (including applicable interest and penalties) and other governmental charges applicable to the distribution. (c) If (i) the Company does not request the Depositary to make such distribution to Holders or requests the Depositary not to make such distribution to Holders, (ii) the Depositary does not receive satisfactory documentation within the terms of Section 5.7 hereof or (iii) the Depositary determines that all or a portion of such distribution is not reasonably practicable or feasible, the Depositary shall endeavor to sell or cause such property to be sold in a public or private sale, at such place or places and upon such terms as it may deem proper and shall distribute the net proceeds, if any, of such sale received by the Depositary (net of applicable fees and charges of, and expenses incurred by, the Depositary and/or a division or Affiliate(s) of the Depositary and taxes and/or governmental charges) to the Holders as of the ADS Record Date upon the terms of Section 4.1 hereof. If the Depositary is unable to sell such property, the Depositary may dispose of such property in any way it deems reasonably practicable under the circumstances for nominal or no consideration and Holders and Beneficial Owners shall have no rights thereto or arising therefrom.

  • Deferred Interest The amount by which the interest due on a Mortgage exceeds the borrower’s monthly payment, which amount is added to the unpaid principal balance of the Mortgage.

  • No Rights to Purchase Preferred Stock The issuance and sale of the Shares as contemplated hereby will not cause any holder of any shares of capital stock, securities convertible into or exchangeable or exercisable for capital stock or options, warrants or other rights to purchase capital stock or any other securities of the Company to have any right to acquire any shares of preferred stock of the Company.