Exchange Common Stock definition
Examples of Exchange Common Stock in a sentence
As promptly as practicable on or after the exchange date, the Exchange Company will issue and deliver a certificate or certificates for the number of full shares of Exchange Common Stock issuable upon exchange to the Person or Persons entitled to receive such shares.
The Company has a sufficient number of shares of common stock authorized in order to issue the Exchange Common Stock.
Post agrees to exchange the Existing Notes for the Exchange Common Stock notwithstanding that Post is aware that the Non-Public Information exists and that it has not been disclosed by the Company to Post, and Post confirms and acknowledges that neither the existence of the Non-Public Information, nor the substance of it, nor the fact that it has not been disclosed by the Company to it is material to it or to its determination to execute this letter and to consummate the Exchange pursuant hereto.
Upon the issuance of the Exchange Common Stock ------------- under this Agreement, the total number of shares of capital stock which the Company will have authority to issue under the Company's Articles of Incorporation is a maximum of 105,000,000 shares, consisting of 100,000,000 shares of Common Stock and 5,000,000 shares of preferred stock.
Subject to the terms and conditions set forth herein, -------- the Company agrees to issue the Exchange Common Stock and the Guarantors agree to provide the Dividend Guarantee to Post (or its affiliates) in exchange for Post's delivery of the Existing Notes and the Note Guarantee relating to such Notes to the Company for cancellation.