Examples of Capital Stock Consideration in a sentence
The amount of Capital Stock held by each Stockholder shall not be affected by either (i) any issuance by the Company of Capital Stock to other Stockholders, (ii) any change in the Capital Account of such Stockholder (other than such changes to reflect additional Capital Stock Consideration from such Stockholder in exchange for new Capital Stock) or (iii) any distributions not in redemption of Capital Stock.
Buyer shall deliver to Seller the certificates representing the Capital Stock Consideration based on the Purchase Price, as the same has been adjusted hereunder at such time.
The Parties will use their commercially reasonable best efforts to cause the Capital Stock Consideration to have been approved for listing and trading on such national securities exchange, provided, that such approval shall not be a condition to Closing.
The amount of Capital Stock held by each Stockholder shall not be affected by (i) any issuance by the Company of Capital Stock to other Stockholders, (ii) any change in the Capital Account of such Stockholder (other than such changes to reflect additional Capital Stock Consideration from such Stockholder in exchange for new Capital Stock) or (iii) any distributions not in redemption of Capital Stock.
With respect to the Capital Stock Consideration Parent shall direct Parent’s transfer agent to give each Company Stockholder login access to an account with Parent’s transfer agent, Parent and the Company Stockholders shall cooperate in good faith with such transfer agent as may be necessary for the transfer agent to effect the delivery of each Company Stockholder’s Pro Rata Share of the Capital Stock Consideration.
At Closing, Buyer will deliver to Seller one or more certificates, in the form adopted by Buyer, representing the shares of Buyer Common Stock constituting the Capital Stock Consideration.
Each Company Option outstanding, vested and unexercised immediately prior to the Effective Time with a per share exercise price greater than or equal to the Per Share Capital Stock Consideration shall automatically be cancelled as of the Effective Time without any consideration payable in respect thereof.
Half of the Parent Stock issued to the Company Stockholders as Capital Stock Consideration shall not become eligible for transfer, sale or offer for sale by the Company Stockholders until the 6-month anniversary of the Closing Date (the “Six-Month Holdback Parent Stock”), and the remaining half of the Parent Stock issued as Capital Stock Consideration shall not become eligible for transfer, sale or offer for sale by the Company Stockholders until January 1, 2023 (the “Twelve-Month Holdback Parent Stock”).
Subject to the following sentence, payment of the Capital Stock Consideration shall be by official bank check, or cash by wire transfer of immediately available funds, on the Closing Date following the Effective Time of the S Merger, together with delivery of validly issued and executed certificates for all Holdco Preferred Stock (or, in lieu thereof, validly issued and executed depositary shares or receipts evidencing ownership of the underlying Holdco Preferred Stock).
Each share of Target Capital Stock issued and outstanding immediately prior to the Effective Time (excluding Dissenting Shares) shall be converted and exchanged into the right to receive the following (collectively, the “Merger Consideration”): cash equal to (i) the Initial Capital Stock Consideration plus (ii) any Excess Surplus divided by the Fully-Diluted Shares (the “Surplus Consideration”) plus (iii) any Remaining Escrow Amount divided by the Total Outstanding Stock (the “Escrow Consideration”).