Examples of Capital Stock Equivalents in a sentence
In lieu of fractional shares or units of such shares of Common Stock, Capital Stock Equivalents or other securities, the Corporation may pay to the registered holders of Right Certificates at the time such Rights are exercised as herein provided an amount in cash equal to the same fraction of the current market value of a share or unit of such shares of Common Stock, Capital Stock Equivalents or other securities.
The Board of Directors may, but shall not be required to, establish procedures to allocate the right to receive Shares of Preferred Stock and other Capital Stock Equivalents upon exercise of the Rights among holders of Rights.
Except as set forth in Section 3.02 of the 7th Level Disclosure Schedule, there are no outstanding warrants, options, subscriptions, calls, rights, agreements, convertible or exchangeable securities or other commitments or arrangements relating to the issuance, sale, purchase, return or redemption, and, to 7th Level's knowledge, voting or transfer of any shares, whether issued or unissued, of 7th Level Capital Stock, 7th Level Capital Stock Equivalents or other securities of 7th Level.
In lieu of fractional shares or units of such shares of Common Stock, Capital Stock Equivalents or other securities, the Corporation may pay to the registered holders of Right Certificates, at the time such Rights are exercised as herein provided, an amount in cash equal to the same fraction of the current market value of a share or unit of such shares of Common Stock, Capital Stock Equivalents or other securities.
Except as set forth in Section 3.02 of the 7th Level Disclosure Schedule, no other shares of any other class or series of 7th Level Capital Stock or securities exercisable or convertible into or exchangeable for 7th Level Capital Stock ("7th Level Capital Stock Equivalents") are authorized, issued or outstanding.