Examples of AMSC Common Stock in a sentence
Such stockholders shall continue to hold, on the date of the vote of AMSC stockholders with respect to the AMSC Stockholder Approval, at least a majority of the shares of AMSC Common Stock entitled to vote thereon.
The parties hereto acknowledge and agree that nothing in this Agreement is intended to restrict the right of XM Ventures to adjust the amount of shares of AMSC Common Stock distributed to its beneficiaries to give effect to the respective interests of WorldSpace Stockholders and Option Holders in WorldSpace.
XM Ventures agrees that the shares of AMSC Common Stock that it acquires shall bear a legend in the form set forth in Section 4.7 hereof.
XM Ventures and each Significant Stockholder further agree to provide notice to any WorldSpace Stockholder or Option Holder to whom XM Ventures or any Significant Stockholder distributes or transfers any shares of AMSC Common Stock of the transfer and voting restrictions imposed by Sections 3.1(b) and 3.2(a) hereof which would apply in the event such WorldSpace Stockholder or Option Holder becomes a Significant Stockholder.
All of the outstanding shares of AMSC Common Stock have been, and all of the shares of Acquired AMSC Common Stock will be as of the date of issuance of such shares, duly authorized, and validly issued, fully paid and non-assessable.
The certificates for shares of AMSC Common Stock distributed to Significant Stockholders shall, in respect of the restrictions on voting set forth in Section 3.2(a), bear the following legend: THE VOTING OF THE SHARES EVIDENCED BY THIS CERTIFICATE IS RESTRICTED BY THE TERMS OF AN EXCHANGE AGREEMENT, DATED AS OF JUNE 7, 1999, COPIES OF WHICH ARE ON FILE WITH THE ISSUER OF THIS CERTIFICATE.
As of April 21, 1999, 3,812,536 shares of AMSC Common Stock were reserved for issuance upon the exercise of outstanding options and under other employee benefit plans and 7,821,259 shares of AMSC Common Stock were reserved for issuance upon the exercise of outstanding warrants.
The WorldSpace Note shall provide that WorldSpace shall have no recourse in respect of the WorldSpace Note to the AMSC Common Stock to be issued by AMSC to XM Ventures hereunder, other than the right to receive proceeds from sales of AMSC Common Stock made in conformance with the terms of this Agreement.
WorldSpace further acknowledges that the shares of AMSC Common Stock must be held indefinitely by XM Ventures and may not be sold or transferred, except in accordance with the terms of the legend set forth below.
WorldSpace acknowledges that the certificate or certificates for shares of AMSC Common Stock will bear a legend substantially to the effect set forth below and that a stop transfer order may be placed with respect thereto.