Closing Date Stock Certificates definition
Closing Date Stock Certificates. Collateral consisting of stock certificates representing the Capital Stock of the Domestic Subsidiaries that are Restricted Subsidiaries (and not Immaterial Subsidiaries) of the Borrower for which a security interest can be perfected by delivering such stock certificates.
Examples of Closing Date Stock Certificates in a sentence
If, within one week before the likely Closing Date, Stock Certificates representing (i) at least 90% of the outstanding shares of Voting Common Stock and (ii) at least 90% of the outstanding shares of Non-Voting Common Stock have not been surrendered to Newco pursuant to Section 1.6, then the parties hereto shall negotiate in good faith an amendment to this Agreement to provide for payment of a portion of the Purchase Price to a paying agent at the Closing.