Common Contracts

2 similar Replacement Capital Covenant contracts by CVS Caremark Corp, Nationwide Financial Services Inc/

RECITALS
Replacement Capital Covenant • May 25th, 2007 • CVS Caremark Corp • Retail-drug stores and proprietary stores

Corporation’s assets are conveyed, transferred or leased, is owned by the shareholders of the other party to the business combination, then clauses (a), (b) and (c) above will not apply to any deferral period that is terminated on the next interest payment date following the date of consummation of the business combination;

AutoNDA by SimpleDocs
RECITALS
Replacement Capital Covenant • May 18th, 2007 • Nationwide Financial Services Inc/ • Life insurance

obligations with respect to the Alternative Payment Mechanism (i) only to the extent that it can do so and simultaneously satisfy its future fixed or contingent obligations under other securities and derivative instruments that provide for settlement or payment in shares of Common Stock or (ii) if the Corporation cannot increase the Share Cap amount as contemplated in the preceding clause, by requesting its board of directors, subject to its fiduciary duties, to adopt, subject to its fiduciary duties, a resolution for shareholder vote at the next occurring annual shareholders’ meeting to increase the number of shares of the Corporation’s authorized Common Stock for purposes of satisfying the Corporation’s obligations with respect to the Alternative Payment Mechanism, provided that such Share Cap shall not represent a lower proportion of the Corporation’s outstanding shares of Common Stock as of the date of issuance of such APM Qualifying Securities than the Share Cap Amount applicable

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!