Examples of Blocker Common Stock in a sentence
Each share of LTS BF VIII-A Blocker Common Stock that is owned by LTS BF VIII-A Blocker shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.
Each share of LTS BF VII-A Blocker Common Stock that is owned by LTS BF VII-A Blocker shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.
The authorized capital stock of Blocker consists of 1,000 shares of Blocker Common Stock, all of which, as of the date hereof, are issued and outstanding and owned of record by the Blocker Seller, free and clear of all Liens (other than Liens (i) arising under the Securities Act or applicable state securities Laws and (ii) created or incurred by or at the direction of Buyer).
As of the SVF Blocker Merger Effective Time, each holder of a share of SVF Blocker Common Stock shall cease to have any rights with respect thereto, except the right to receive, upon the surrender thereof, the consideration to which such holder is entitled in accordance with this Section 2.1(b).
As of November 30, 2020 (the “SVF Blocker Capitalization Date”): 1,000 shares of SVF Blocker Common Stock were issued and outstanding, all of which were owned by SVF Party, and no shares of SVF Blocker Common Stock were held in SVF Blocker’s treasury.
As of the SVF Blocker Merger Effective Time, all such shares of SVF Blocker Common Stock referred to in clause (i) above shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist.
At the Omnitracs 4 Blocker Effective Time, the stock transfer books of Omnitracs 4 Blocker shall be closed, and no transfer of the Omnitracs 4 Blocker Common Stock shall be made thereafter.
Each share of Omnitracs 1 Blocker Common Stock held in Omnitracs 1 Blocker’s treasury or owned by Buyer, Merger Sub 2 or Omnitracs 1 Blocker immediately prior to the Omnitracs 1 Blocker Effective Time (such shares, “Omnitracs 1 Blocker Excluded Shares”) shall be cancelled and no consideration shall be paid or payable with respect thereto.
All the outstanding shares of SVF Blocker Common Stock are duly authorized, validly issued, fully paid and nonassessable.
Each share of Omnitracs 4 Blocker Common Stock held in Omnitracs 4 Blocker’s treasury or owned by Buyer, Merger Sub 5 or Omnitracs 4 Blocker immediately prior to the Omnitracs 4 Blocker Effective Time (such shares, “Omnitracs 4 Blocker Excluded Shares”) shall be cancelled and no consideration shall be paid or payable with respect thereto.