Examples of Dissenting Preferred Shares in a sentence
At the Effective Time, all Dissenting Preferred Shares shall no longer be outstanding and automatically shall be cancelled and shall cease to exist and, except as otherwise provided by applicable Law, each holder of Dissenting Preferred Shares shall cease to have any rights with respect to the Dissenting Preferred Shares, other than such rights as are granted by Section 10.354 of the TBOC.
If such right is terminated otherwise than by the purchase of such shares by the Company, then such shares shall cease to be WNG Dissenting Preferred Shares and shall be converted into and represent the right to receive Company Preferred Stock as provided in Section 2.1(d).
If such right is terminated otherwise than by the purchase of such shares by the Surviving Corporation, then such shares shall cease to be BSI Dissenting Preferred Shares and shall be converted into and represent the right to receive Sun Preferred Stock as provided in Section 1.9.3(b).
If any holder of Dissenting Preferred Shares shall effectively withdraw or lose his dissenters' rights under the Appraisal Laws, such Dissenting Preferred Shares shall be converted into the right to receive the Preferred Cash Conversion Amount in accordance with the provisions hereof.
At the Effective Time, Purchaser shall make delivery of the amount equal to the sum of (i) the product of the Closing Per Common Share Merger Consideration times the difference of 750 minus the number of Dissenting Common Shares, plus (ii) the product of the Per Preferred Share Merger Consideration times the difference of 1750 minus the number of Dissenting Preferred Shares, to an agent mutually appointed by the Company and Purchaser (the "Closing Exchange Agent").
Each holder of Dissenting Preferred Shares who becomes entitled to payment for his Company Preferred Stock pursuant to the provisions of the Appraisal Laws shall receive payment therefor from the Surviving Corporation from funds provided by Purchaser (but only after the amount thereof shall have been agreed upon or finally determined pursuant to such provisions).
The shares of Company Preferred Stock held by those shareholders of the Company who have timely and properly exercised their dissenters' rights in accordance with the Appraisal Laws within the applicable time period are referred to herein as "Dissenting Preferred Shares".