Examples of Blocker Common Stock in a sentence
All the outstanding shares of SVF Blocker Common Stock are duly authorized, validly issued, fully paid and nonassessable.
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.
On the Closing Date, the Purchaser shall purchase from the Blocker Stockholders, and each Blocker Stockholder shall sell to the Purchaser, all of the Blocker Common Stock owned by such Blocker Stockholder (constituting in the aggregate 100% of the issued and outstanding Blocker Common Stock), free and clear of all Encumbrances, in exchange for a cash payment equal to the Applicable Portion payable to each Blocker Stockholder in connection with such purchase, as set forth on the Closing Payment Schedule.
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 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.
Other than Blocker Common Stock, there are no options, warrants or other rights to subscribe for, purchase or acquire from the Blocker Corp.
All outstanding shares of Blocker Common Stock are validly issued, fully paid and non-assessable and are not subject to preemptive rights or any other Encumbrances.
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.
Section 4.1(b) of the Blocker Disclosure Schedule sets forth the record owners of all shares of Blocker Common Stock as of the Agreement Date (the “Blocker Stockholders”).