Eligible Stock definition

Eligible Stock means the issued and outstanding shares of Common Stock (i) that have been issued pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among the Company, the Security Holder, LOPI Acquisition Corp. and Louisiana Onshore Properties, Inc., (ii) that have been issued upon conversion of the Series A Convertible Preferred Stock issued pursuant to the Merger Agreement; (iii) that have been purchased by the Security Holder upon the exercise of its rights pursuant to the Stock Rights and Restrictions Agreement; and (iv) that may be issued pursuant to Section 2.7 of the Stock Rights and Restriction Agreement.

Eligible Stock means the 7,082,030 shares of Common Stock issued in the name of Security Holder, representing all equity shares of the Company beneficially owned by Security Holder after giving effect to the transactions contemplated by the Option Agreement.

Eligible Stock means all Stock save for any Stock which, at any time and in the opinion of the Agent:

Examples of Eligible Stock in a sentence

• For subscriptions, the payment of subscription money should be made to the Eligible Stock Broker or the Eligible Clearing Member or the Clearing Corporation.

• For subscriptions, the payment of subscription money should be made to the Eligible Stock Broker/ Eligible Clearing Members.

• Eligible Stock Constituents from the Stock Investment Universe may be selected in the sole discretion of the Reference Portfolio Advisor pursuant and subject to the provisions contained in this document.

• The Calculation Agent may retain the right to reject the inclusion of any Eligible Stock Constituent due to any applicable rules, regulations and internal or external restrictions according to the provisions as set out below in Section 4 ("Rebalancing of the Reference Portfolio") below.

• Please see Section 1 of The Exchange Offer, entitled “General Information (Eligible Participants, Eligible Stock Options, Expiration Date, Etc.),” for more information.

More Definitions of Eligible Stock

Eligible Stock means shares of common stock of a corporation that satisfies the following: (i) the corporation's common stock, as a class, is registered with the Commission under Xxxxxxx 00(x) xx xxx 0000 Xxx, (xx) the corporation's common stock, as a class, is registered for trading on the New York Stock Exchange or the NASDAQ National Market, and (iii) the average weekly reported volume of trading in the corporation's securities on the NYSE or the NASDAQ National Market during the four calendar weeks preceding an agreement to sell the Subject Shares is greater than the number of shares of stock to be received by the Stockholders in the transaction.

Eligible Stock as defined in Section 1.3(e).

Eligible Stock has the meaning ascribed to it in the Restructuring Term Sheet.

Eligible Stock has the meaning given to it in Schedule 3 Part I (Reporting and Financial Undertakings).

Eligible Stock means the shares of common stock of Star Scientific, Inc. pledged by the X’Xxxxxxx Trust in support of the Obligations pursuant to the X’Xxxxxxx Stock Pledge Agreement to the extent freely tradeable.

Eligible Stock means either (a) 21% of the total amount of New Common Stock issued pursuant to the Plan subject to dilution by the MIP (but not subject to dilution by the Equity Rights Offering or the Backstop Commitment Premium) or (b)

Eligible Stock means all Stock save for any Stock which, at any time and in the reasonable opinion of the Agent: