Tower Common Stock Clause Samples
The 'Tower Common Stock' clause defines the terms and conditions governing the issuance, ownership, and rights associated with common stock in a company named Tower. This clause typically outlines the voting rights, dividend entitlements, and transfer restrictions applicable to holders of Tower's common shares. By clearly specifying these aspects, the clause ensures that all parties understand their rights and obligations as shareholders, thereby promoting transparency and reducing the risk of disputes related to equity ownership.
Tower Common Stock. The shares of Tower Common Stock to be issued pursuant to this Agreement, when issued in accordance with the terms of this Agreement, will be duly authorized, validly issued, fully paid and non-assessable and subject to no preemptive rights.
Tower Common Stock. In the event that prior to the Effective Time, the Tower Common Stock distributable upon the Tower Distribution or issuable in the Tower Merger shall not have been distributed or issued, American and Mergeparty shall cooperate with each other so that the Exchange Agent may effect such issuance or distribution simultaneously with the exchange of Certificates for Merger Consideration as provided in this Article 3, together with any cash in lieu of a fractional share and any dividends or other distributions which may be payable to a holder of Tower Common Stock following the Effective Time.