Examples of Community Common Stock in a sentence
No certificates representing fractional shares of First Community Common Stock shall be issued upon the surrender for exchange of Certificates representing Shares, and such fractional share interests will not entitle the owner thereof to any dividends or any other rights of a stockholder of First Community.
At and after the Effective Time, each share of Community Common Stock issued and outstanding immediately prior to the Effective Time shall remain an issued and outstanding share of Community Common Stock and shall not be affected by the Merger.
As soon as practicable after the Election Deadline, the Exchange Agent shall determine the allocation of the cash and First Community Common Stock portions of the Merger Consideration and shall notify First Community of its determination.
All of the outstanding shares of Community Common Stock and all Rights to acquire shares of Community Common Stock have been issued in compliance in all material respects with all applicable federal and state Securities Laws.
In particular, all elections are subject to the limitation that, on an aggregate basis, 65% of TBI Common Stock will be converted into Community Common Stock and 35% of TBI Common Stock will be converted into cash (at the rate of $150 per share of TBI Common Stock).
The shares of First Community Common Stock to be issued upon exercise of the First Community Options are validly authorized and, upon such exercise of the First Community Options in accordance with their terms, will be validly issued, fully paid, and nonassessable.
Each beneficial owner for whom such an Election Form is so submitted will be treated as a separate shareholder of TBI for purposes of allocating Community Common Stock and cash payments to be issued upon consummation of the Merger.
If checks or certificates representing shares of Community Common Stock are to be delivered to someone other than the registered holder(s) or to the registered holder(s) at an address other than that appearing above, please check the appropriate box in “Special Delivery Instructions” and insert the appropriate address in the space provided on this Election Form.
The goal is to flip the carpet over without anyone stepping off the carpet.
All shares of Community Common Stock to be issued pursuant to the Merger have been duly authorized and, when issued pursuant to this Agreement, will be validly and legally issued, fully paid and nonassessable.