Grant Common Stock definition

Grant Common Stock means shares of common stock, $.01 par value per share, of Grant.
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Grant Common Stock has the meaning set forth in Section 4.22(a) below.
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Examples of Grant Common Stock in a sentence

  • The Board of Directors of the Weatherford shall formally declare the Distribution and shall authorize Weatherford to pay it upon the satisfaction or waiver of the conditions set forth in Article 7, by delivery of certificates for Grant Common Stock to the Transfer Agent for delivery to the holders entitled thereto.

  • The current equity capitalization of Grant consists of 1,000 issued and outstanding shares of Grant Common Stock, all of which is outstanding and owned beneficially and of record by Weatherford.

  • The Distribution shall be deemed to be effective upon notification by Weatherford to the Transfer Agent that the Distribution has been declared and that the Transfer Agent is authorized to proceed with the distribution of Grant Common Stock.

  • The restricted Grant Common Stock will be subject to the same restrictions as the applicable restricted Weatherford Common Stock without any reference to employment with Grant.

  • The Distribution shall be effected by the distribution to each holder of record of Weatherford Common Stock (other than the Trust), as of the record date designated for the Distribution by or pursuant to the authorization of the Board of Directors of Weatherford (the "Record Date"), of one share of Grant Common Stock for each share of Weatherford Common Stock held by such holder.

  • The Buyer is not acquiring Grant Common Stock with a view to or for sale in connection with any distribution thereof within the meaning of the Securities Act.

  • No fraction of a share of Grant Common Stock shall be issued, but in lieu thereof each holder of shares of Weatherford Common Stock who otherwise would be entitled to a fraction of a share of Grant Common Stock shall receive a whole share of Grant Common Stock for such fraction of a share.

  • Subject to Section 1.2, below Grant hereby purchases from Elli▇▇▇ ▇▇▇ Westgate, and Elli▇▇▇ ▇▇▇ Westgate hereby sell to Grant, the Elli▇▇▇ ▇▇▇res and the Westgate Shares, respectively, in exchange for 2,981,783 shares (the "Elli▇▇▇ ▇▇▇sideration") and 1,670,772 shares (the "Westgate Consideration"), respectively, of common stock of Grant, par value US $.001 per share ("Grant Common Stock").

  • Except as set forth on Schedule 4.22(a), no shares are reserved for issuance pursuant to the Corporation’s stock option and purchase plans and no shares are reserved for issuance pursuant to securities exercisable or exchangeable for, or convertible into, shares (real or phantom) of Grant Common Stock.

  • The Buyer acknowledges that the sale of the Grant Common Stock has not been registered under applicable law (including the Securities Act and any state, local or foreign securities law) and that such stock may not be transferred without registration under, pursuant to an exemption from or in a transaction not subject to, all applicable laws.

Related to Grant Common Stock

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • New Common Stock means shares of Common Stock and/or securities convertible into, and/or other rights exercisable for, Common Stock, which are offered or sold in a New Transaction.

  • Holdings Common Stock means the common stock of Holdings, par value $0.001 per share.

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.