Examples of CAC Shares in a sentence
In connection with any such CAC Exchange, the CAC Shares Amount of Class B Common Shares shall be delivered by CAC as duly authorized, validly issued, fully paid and non-assessable Class B Common Shares, free of any pledge, lien, encumbrance or restriction, other than those that would be applicable to the Class B Common Shares and the Securities Act and relevant state securities or “blue sky” laws.
On the Specified Exchange Date, the Tendering Party shall sell such number of the Tendered Units to CAC in exchange for such CAC Shares Amount of Class B Common Shares.
If any additional CAC Shares are issued by the Managing Member and the proceeds of such issuance are used by the Managing Member to acquire additional Units of the Company, such additional Units shall have substantially the same rights and obligations as such CAC Shares.
Each certificate which immediately prior to the Effective Time represented outstanding CAC Shares shall, on and after the Effective Time, be deemed for all purposes to represent the number of shares of the common stock of the surviving corporation into which the CAC Shares represented by such certificate shall have been converted pursuant to the Company Merger.
The authorized capital stock of CAC shall initially consist of 100 shares of common stock, par value $0.01 per share ("CAC Shares"), all of which shares shall be issued to Holdco at a price of $1.00 per share.
Subject to the Existing Proxy and the New Proxy, VoteCo has sole voting and dispositive power, without restrictions, with respect to all of the Subject CEC Shares and the Subject CAC Shares, respectively.
This Voting Agreement shall terminate upon the earlier to occur of: (i) (x) the consummation of the Call Right (in full) with respect to VoteCo’s obligations in Section 1 or (y) the termination of the obligations with respect to VoteCo’s and CAC’s obligations in Section 2 in accordance to its own terms, and (ii) the termination of the (x) Existing Proxy, with respect to the Subject CEC Shares only, and (y) New Proxy, with respect to the Subject CAC Shares only (the “Expiration Date”).
LAC and CAC each is a wholly owned subsidiary of Advatex and is each authorized to issue 200 shares of common stock, par value $.01 (referred to respectively as the "LAC Shares" and the "CAC Shares"), all of which such LAC Shares and CAC Shares are issued and outstanding and owned by Advatex.
Any Person that acquires Subject CAC Shares pursuant to the terms of this Section 2(b) shall agree to be bound by the provisions of this Section 2 and Section 7 and such Person and its Subject CAC Shares shall be subject to the terms of this Section 2 and Section 7.
Upon such payment or deposit of the total Liquidation Amount, the holders of the Exchangeable Shares shall thereafter be considered and deemed for all purposes to be holders of the CAC Shares delivered to them or the custodian on their behalf.