GE Shares definition
Examples of GE Shares in a sentence
The GE Shares and the Additional GE Shares have been duly authorized and, when issued and delivered in accordance with the terms of this Agreement, will have been validly issued and will be fully paid and nonassessable and the issuance thereof is not subject to any preemptive or other similar right.
After the Effective Time and until so surrendered, the capital stock of B2HC shall represent for all purposes only the right to receive the GE Shares.
GE understands that Cablevision and its Affiliates may, and nothing in this Section 3.22 shall restrict in any way Cablevision's or its Affiliates' ability to, issue securities that may be convertible into or exchangeable for all or a portion of the GE Shares and the Additional GE Shares.
Upon surrender for cancellation at the Closing of certificates formerly representing capital stock of B2HC, GE will deliver to RMG LLC or its nominees the GE Shares referred to in Section 2.01(b) registered in such names and denominations as RMG LLC shall reasonably request.
Cablevision acknowledges that any sale by it of the GE Shares or the Additional GE Shares shall be in accordance with applicable securities laws and the certificates evidencing the GE Shares and the Additional GE Shares will contain a customary legend reflecting the foregoing restrictions.
The GE Shares shall have been listed, subject to notice of issuance, on the NYSE.
PAR has experience as an investor in securities of companies and acknowledges that it is able to fend for itself, can bear the economic risk of its investment in the GE Shares, and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the GE Shares and protecting its own interests in connection with this investment.
If the GE Shares are not listed on the NASDAQ Capital Market as of the Closing, GE will continue to use reasonable best efforts to cause such shares to be so listed.
The provisions of this Agreement shall inure to the benefit of and be binding upon the respective successors and permitted assigns of the parties hereto; provided that no rights or obligations of GE hereunder may be transferred or assigned other than in connection with a transfer of GE Shares to an Affiliate of GE or to a Bulk Transferee, which transfer is made in compliance with the terms of this Agreement and the Shareholders Agreement.
Following and subject to the satisfaction, or waiver by the Purchaser, of the conditions to the Second Closing (as defined in Section 2.1) set forth in Section 3, at the Second Closing, the Company will (i) sell to the Purchaser, and the Purchaser will purchase from the Company 458,664 shares of Series E Preferred at a price of U.S. $11.4463 per share, for the total purchase price of $5,250,005.74 (the "Additional Shares" and collectively with the Initial Shares, the "GE Shares").