Examples of BFC Common Stock in a sentence
The termination is recommended to avoid repayment of guarantee payments totaling$21, 631 and yearly contract costs in excess of $9,000.
BFC and HTB agree to cooperate in the preparation of the Registration Statement to be filed by BFC with the SEC in connection with the BFC Common Stock Issuance (including the Proxy Statement-Prospectus and all related documents).
No dividends or other distributions in respect of the BFC Common Stock shall be paid to any Holder of any unsurrendered Certificate or Book-Entry Share until such Certificate or Book-Entry Share is surrendered for exchange in accordance with this Article II.
The authorized capital stock of BFC consists of 20,000,000 shares of BFC Common Stock, and 5,000,000 shares of preferred stock.
Each share of BFC Common Stock that is issued and outstanding immediately prior to the Effective Time shall remain outstanding following the Effective Time and shall be unchanged by the Merger.
All shares of BFC Common Stock to be issued pursuant to the Merger shall be deemed issued and outstanding as of the Effective Time and if ever a dividend or other distribution is declared by BFC in respect of the BFC Common Stock, the record date for which is at or after the Effective Time, that declaration shall include dividends or other distributions in respect of all shares of BFC Common Stock issuable pursuant to this Agreement.
For the avoidance of doubt, (a) this Section 7.01(i) shall only apply to the shares of HTB Common Stock that will receive the Stock Consideration as a result of the Merger, and (b) BFC shall have the right, at its sole discretion, to fill the difference between the Adjusted Exchange Ratio and the Exchange Ratio either in BFC Common Stock (by using the Adjusted Exchange Ratio) or in cash (by multiplying the Final BFC Market Price by the difference in the Adjusted Exchange Ratio and the Exchange Ratio).
The outstanding shares of BFC Common Stock have been duly authorized and validly issued and are fully paid and non-assessable and have not been issued in violation of nor are they subject to preemptive rights of any BFC shareholder.
BFC will use its commercially reasonable efforts to cause the shares of BFC Common Stock to be issued in connection with the transactions contemplated by this Agreement to be approved for listing on the Trading Market, subject to official notice of issuance, prior to the Effective Time.
As of the date hereof, 7,462,444 shares of BFC Common Stock were issued and outstanding and no shares of preferred stock were issued and outstanding.