Common Stock Reorganization definition
Examples of Common Stock Reorganization in a sentence
The Company agrees that it will not effect a Common Stock Reorganization that would have the effect of reducing the Exercise Price below the par value per share of the Warrant Shares in the absence of the limitations provided in the proviso to clause (a) of the preceding sentence unless (i) the Holder consents to such a Common Stock Reorganization or (ii) the Company compensates the Holder for the aggregate increase in the Exercise Price of this Warrant caused by such Common Stock Reorganization.
The Securities Act of 1933, as amended (the "Securities Act") and state securities laws generally require the registration or qualification of the offer or sale of securities such as the New PSI Common Stock, Reorganization Notes, and Employee Stock Plan Securities.
If a Common Stock Reorganization is to occur, the Target Price shall be adjusted at the same time and in the same manner as the Exercise Price would be adjusted pursuant to Section 3.02 hereof.
For the avoidance of doubt, a Capital Reorganization shall not include a Common Stock Reorganization, Common Stock Distribution, Dividend or Redemption.
If the Company shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of the Company or any cash, property or other assets (excluding a Common Stock Reorganization or a Common Stock Distribution), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “Special Dividend”).
If the Company shall set a record date to determine the holders of shares of Common Stock for purposes of a Common Stock Reorganization, Non-Cash Dividend or Capital Reorganization, and shall legally abandon such action prior to effecting such action, then no adjustment shall be made pursuant to this Section 5 in respect of such action.
The Company will give written notice to the Registered ------------ Holders at least twenty (20) calendar days prior to the date on which any dissolution, liquidation or issuance of additional shares of Common Stock, Options or Convertible Securities, Common Stock Reorganization, Special Dividends, Capital Reorganization, reclassification, consolidation or merger or sale of all or substantially all of the Company's assets will take place.
The Parent Common Stock Reorganization shall have been completed and be valid and effective.
Any notice required by clause (i) shall also specify, in the case of any such dividend or distribution, the date on which the holders of Common Stock shall be entitled thereto, and any notice required by clause (ii) shall specify the date on which the holders of Common Stock shall be entitled to exchange their Common Stock for securities or other property deliverable upon such Common Stock Reorganization, Capital Reorganization, dissolution, liquidation or winding up, as the case may be.
If the Company shall after the date hereof issue or distribute to all or substantially all holders of shares of Common Stock evidences of indebtedness, any other securities of the Company or any cash, property or other assets, and if such issuance or distribution does not constitute a Common Stock Reorganization or a Common Stock Distribution (any such nonexcluded event being herein called a "Dividend"), such Dividend shall be held by the Seller in trust for the Purchaser.