Common use of Subscriptions for Common Stock and Preferred Stock Clause in Contracts

Subscriptions for Common Stock and Preferred Stock. At the Closing, the Stockholders will enter into a subscription agreement, substantially in the form attached hereto as Exhibit A (the "Subscription Agreement"), pursuant to which such parties will subscribe for newly issued shares of capital stock of Existing Prime in accordance with the provisions thereof such that, upon the repurchase by Existing Prime of all of its currently outstanding shares of capital stock as part of the Transaction and the effectiveness of the Amended Charter (as defined below), the Stockholders will hold all of the then issued and outstanding shares of capital stock of Prime Holdings.

Appears in 2 contracts

Samples: Stockholders' Agreement (Loewen Group Inc), Stockholders' Agreement (Prime Succession Inc)

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Subscriptions for Common Stock and Preferred Stock. At the Closing, the Stockholders named therein will enter into a subscription agreement, agreement substantially in the form attached hereto as of Exhibit A (the "Subscription Agreement"), pursuant to which such parties will subscribe for newly issued shares of capital stock of Existing Prime in accordance with the provisions thereof Holdings, such that, upon the repurchase by Existing Prime of all of its currently outstanding shares of capital stock as part of the Transaction and the effectiveness of the Amended Charter (as defined below), the that such Stockholders will hold all of the then issued and outstanding shares of capital stock of Prime Holdings.

Appears in 2 contracts

Samples: Stockholders' Agreement (Rose Hills Co), Stockholders' Agreement (Loewen Group Inc)

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