Examples of Acquisition Common Stock in a sentence
The registered owner on the books and records of the Surviving Corporation or its transfer agents of any such outstanding stock certificate shall not have exercised nor be entitled to exercise any voting or other rights with respect to, or to receive any dividends or other distributions upon, the shares of Acquisition Common Stock or any other securities whatsoever.
At the Effective Time, each share of Acquisition Common Stock issued and outstanding immediately prior to the Effective Time shall be converted into and shall become one validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation.
In addition, the Merger, this Agreement and the transactions contemplated hereby shall have been duly approved and adopted by the Company as the sole holder of Essex Acquisition Common Stock.
The authorized capital stock of Acquisition consists of 100 shares of Acquisition Common Stock, all of which shares are fully-paid, nonassessable and owned by Parent.
Upon the Effective Date, each share of common stock of Acquisition, par value $.01 per share ("Acquisition Common Stock"), issued and outstanding immediately prior to the Effective Date, shall be automatically converted by virtue of the Merger and without any action on the part of the holder thereof into one share of common stock, par value $.01 per share, of Regency ("Regency Common Stock").
Meridian hereby covenants that if the Acquisition Common Stock is issued in certificate form at Closing then Meridian will, if requested in writing by Prudential, accept delivery of the certificate or certificates representing the Acquisition Common Stock and cause the appropriate book entry to be made indicating Prudential's ownership of such Acquisition Common Stock.
Buyer shall include in the Proxy Statement the recommendation of its Board of Directors that holders of the Common Stock and the Series B Preferred vote in favor of the issuance of the Acquisition Common Stock.
Meridian shall have delivered the Acquisition Cash and the Acquisition Common Stock required hereunder and all of the documents to be executed by Meridian set forth in Section 6.5 and shall have performed all other covenants, undertakings and obligations, and complied with all conditions required by this Agreement, to be performed or complied with by Meridian at or prior to the Closing.
Prior to the Effective Time, the ------------- Company shall appoint a payment agent (the "Payment Agent") to act as the Company's agent for the (i) issuance of Essex Acquisition Common Stock to holders of Company Preferred Stock and Warrants, and (ii) payment of Common Stock Consideration and Option Consideration (collectively, "Cash Consideration") to holders of Company Common Stock and Options, respectively.
Shares of Navios Acquisition Common Stock will be issued in non-certificated book-entry form via a Direct Registration System® (DRS) stock distribution statement.