Examples of Ampex in a sentence
On the Effective Date, Reorganized Ampex will be authorized to issue the New Common Stock.
Certificates of New Common Stock shall bear a legend restricting the sale, transfer, assignment or other disposal of such shares, which restrictions are more fully set forth in the New Stockholders Agreement and the Amended Certificate of Incorporation of Reorganized Ampex.
Certificates of New Common Stock issued to Restricted Foreign Holders (as defined in the Amended Certificate of Incorporation of Reorganized Ampex) shall also bear a legend notifying holders of such shares of New Common Stock that such holder’s voting rights may be nullified in the event of an inquiry or determination by the U.S. Department of Defense regarding foreign ownership of Reorganized Ampex and its possible effects on national security.
Ampex became the sponsor of the Media Pension Plan in 1994 when NH Holding Incorporated (“NHI”), Ampex’s former parent, commenced a case under chapter 11 of the Bankruptcy Code.
Through Ampex Data Systems Corporation (“Data Systems”), one of the Debtors, the Company also develops and incorporates its proprietary technology in the design and manufacture of high performance data storage products, principally used in defense applications to gather digital images and other data from aircraft, satellites and submarines.
The agreements permit the use of several United States and foreign patents held by Ampex in the manufacture and sale of digital still cameras.
As of December 31, 2007, the Media Pension Plan and the Ampex Pension Plan were underfunded by $13.5 million and $44.2 million, respectively.
As part of its development of digital video technology, Ampex made advances in digital image compression, and in the mid 1990’s introduced the first professional videotape recorder to successfully use digital image compression.
Accordingly, Reorganized Ampex does not anticipate paying cash dividends on the New Common Stock in the foreseeable future.
Within 10 days of receipt of any such notice of investigation, inquiry, other action or final determination, Reorganized Ampex shall send notice thereof, and of the consequences hereunder thereof, to any affected Restricted Foreign Holder.