Examples of Enron Common Stock in a sentence
On the later to occur of (a) the entry of a Final Order resolving all Claims in the Chapter 11 Cases and (b) the final distribution made to holders of Allowed Claims and Allowed Equity Interests in accordance with Article XXXII of the Plan, the Exchanged Enron Common Stock shall be deemed extinguished and the certificates and all other documents representing such Equity Interests shall be deemed cancelled and of no force and effect.
On such date of execution, or as soon as practicable thereafter, including, without limitation, subject to appropriate or required governmental, agency or other consents, and in accordance with and pursuant to the terms of Section 27.4 of the Plan, the Debtors shall issue to the Common Equity Trust the Exchanged Enron Common Stock subject to the Common Equity Trust Agreement.
Without limiting the foregoing, the Common Equity Trust Agreement shall provide that, to the extent that the Common Equity Trust receives distributions of Plan Currency and Trust Interests under this Plan, it will redistribute such Plan Currency and Trust Interests to the holders to the Common Equity Trust Interests, but in no event will any holder of Common Equity Trust Interests receive a distribution of Exchanged Enron Common Stock.
The authorized capital stock of Enron consists of 1,200,000,000 shares of Enron Common Stock and 16,500,000 shares of preferred stock, no par value ("Enron Preferred Stock").
Upon the terms and subject to the conditions of this Agreement, Dynegy shall have the option (the "Dynegy Exchange Option") to exchange all, but not less than all, of its NNGC Preferred Stock for shares of Enron Common Stock, exercisable at any time during the period of 90 days commencing on the date of the occurrence of a Dynegy Exchange Event by giving written notice of such exercise to Enron.
Instead, following the Reincorporation Merger, certificates that prior to the First Effective Time represented shares of Enron Common Stock or Enron Preferred Stock shall be deemed for all purposes to represent an equal number of shares of Company Common Stock or Company Preferred Stock, as the case may be.
Enron shall take all such commercially reasonable actions as may be reasonably necessary to assure that all such shares of Enron Common Stock may be so issued without violation of any applicable law or governmental regulation or any requirements of any domestic securities exchange upon which shares of Enron Common Stock may be listed (except for official notice of issuance which shall be immediately transmitted by Enron upon issuance).
Dynegy has been informed by Enron that the shares of Enron Common Stock that may be issued pursuant to this Agreement have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or under any state securities laws and are being offered and sold in reliance upon federal and state exemptions for transactions not involving any public offering.
All shares of Enron Common Stock which are so issuable shall, when issued, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges.
PERSONAL STATEMENTS (CONT’D)NOTES: Provide additional information on how each attribute of the Evaluation Rubric is met The Evaluation Rubric can be downloaded from http://hkiqep.org/qualification-process-3/.3.