Examples of GP Stock in a sentence
The Sellers collectively own all of the issued and outstanding shares of common stock, par value $.10 per share, of GP (the "GP Stock") and all of the issued and outstanding shares of common stock, par value $1.00 per share, of LP (the "LP Stock" and, together with the GP Stock, the "Stock"), constituting all of the issued and outstanding capital stock of the Partners.
After a Buy/Sell Closing in which the members of the Cayuga Group are sellers, upon written request from Fleetwood, NPI shall cause the GP Interest to continue to be held by the General Partner so that, if Fleetwood so elects, NPI may transfer or cause to be transferred to Fleetwood or its designee the GP Stock at the GP Transfer Closing.
In consideration of the pledge (the "Pledge") of the shares of the GP Stock and/or the general partnership interest in the General Partner held by NPI Realty Management Corp.
At the Closing and in accordance with the Stock Purchase Agreement, COP GP shall (i) execute, deliver and close the transactions contemplated by the Stock Purchase Agreement, (ii) pay to Seller $9 million in cash for 50% of the GP Stock and (iii) execute and deliver the Stockholders Agreement.
Seller shall have executed the Stock Purchase Agreement and delivered to COP GP the certificate representing 50% of the GP Stock in accordance with the Stock Purchase Agreement duly endorsed for transfer to COP GP or accompanied by a duly executed stock power effecting such transfer, and shall have taken all other actions and executed all documents as required under the Stock Purchase Agreement.
GP has authorized 100,000 shares ------------------------------ of GP Stock, 54,675 shares of which are issued and outstanding.