Examples of AIMCO Common Stock in a sentence
All outstanding shares of AIMCO Common Stock and AIMCO Preferred Stock are validly issued, fully paid and nonassessable and are not subject to preemptive rights.
AIMCO shall cause all such shares of AIMCO Common Stock issued pursuant to the Merger to be duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights.
As such, for the purpose of preparing the pro forma financial statements, AIMCO's management believes that the Class E Preferred Stock is substantially the same as AIMCO Common Stock, and that the fair value of the Class E Preferred Stock approximates the fair value of the AIMCO Common Stock.
Each share of Class E Preferred Stock will automatically convert to one share of AIMCO Common Stock upon the payment of the special dividend thereon.
Upon the payment of the special dividend on the Class E Preferred Stock and the conversion of the Class E Preferred Stock to AIMCO Common Stock, the former IFG stockholders will own approximately 15.0% of the AIMCO Common Stock and the IPT stockholders will own approximately 7.3% of AIMCO Common Stock.
As of the date hereof, the authorized stock of AIMCO consists of 486,027,500 shares of AIMCO Common Stock, 262,500 shares of Class B Common Stock, par value $.01 per share ("AIMCO Class B Common Stock") and 24,460,000 shares of Preferred Stock, par value $.01 per share ("AIMCO Preferred Stock").
Appropriate procedures shall be established by AIMCO and the Paying Agent so that each holder of a Certificate at the Effective Time shall be entitled to vote on all matters subject to the vote of holders of AIMCO Common Stock with a record date on or after the date of the Effective Time, whether or not such Certificate holder shall have surrendered Certificates in accordance with the provisions of this Agreement.
Notwithstanding any other provision of this Agreement, no fractional shares of AIMCO Common Stock will be issued, and any IPT Shareholder entitled to receive a fractional share of AIMCO Common Stock but for this Section 2.4 will be entitled to receive a cash payment in lieu thereof equal to such shareholder's proportionate interest in a share of AIMCO Common Stock multiplied by the AIMCO Reference Price as of the Effective Time.
At the Effective Time, each unvested restricted IPT Share awarded under the IPT 1997 Share Incentive Plan (the "IPT Share Plan") shall, by virtue of this Agreement and without any further action of IPT, AIMCO or the holder of such restricted share, be converted into that number of restricted shares ("AIMCO Restricted Shares") of AIMCO Common Stock equal to the Conversion Ratio.
Shares of AIMCO Common Stock issued in the Merger shall be issued as of, and be deemed to be outstanding as of, the Effective Time.