Examples of Genco Common Stock in a sentence
All the outstanding shares of Genco Common Stock issued prior to the purchase by Resources of the Shares pursuant to the exercise of the Option will be duly authorized and validly issued, fully paid and nonassessable and free of any preemptive or similar rights.
CenterPoint shall direct the Genco Distribution Agent to determine the number of whole shares and fractional shares of Genco Common Stock allocable to each holder of record of CenterPoint common stock as of the Record Date, to aggregate all such fractional shares and to appoint an independent broker-dealer that is not an Affiliate of CenterPoint or Genco (the "Independent Broker-Dealer") to sell the whole shares obtained thereby in open market transactions.
Thereafter, Regco shall use reasonable efforts (including voting its shares of Genco Common Stock) to ensure that the Board of Directors of Genco includes at least three Independent Directors at all times prior to the Option Closing Date or, if the Option is not exercised, the Option Expiration Date.
All excise, transfer, stamp, documentary, filing, recordation and other similar taxes, together with any interest, additions or penalties with respect thereto and any interest in respect of such additions or penalties, resulting directly from the sale and transfer by Seller to Resources of the Genco Common Stock (the "Transfer Taxes"), shall be borne 50% by Resources and 50% by Seller.
Immediately following such transactions, all outstanding shares of Genco Common Stock shall be owned by Regco, unless at such time the Restructuring Merger shall not have been effected, in which case all outstanding shares of Genco Common Stock shall be owned by REI.
The reasoned ruling regarding the cancellation of the Constitutional Court was published in the Official Gazette no.26731, dated 15 December 2007.
From and after the Genco Public Ownership Date, Genco will not declare, set aside or pay any dividend payable in cash, stock or property, except for (a) Regular Cash Dividends, or (b) dividends payable solely in Genco Common Stock for which, if occurring during the Pricing Period, an adjustment is made pursuant to Section 3.1. Genco will not, and will not permit any of its Subsidiaries to, purchase or otherwise acquire for value any shares of Genco Common Stock.
As a result of the transaction, investments of the Texas Genco Common Stock Fund were liquidated and the proceeds reinvested in accordance with Participant elections.