Examples of HoldCo Preferred Stock in a sentence
The SPR HoldCo Preferred Stock issued pursuant to the Internal Reorganization shall (i) be issued in an aggregate principal amount not exceeding $5,000,000 and (ii) have no voting rights except for limited customary protective voting rights with respect to (a) changes to the terms of the SPR HoldCo Preferred Stock and (b) authorization or issuance of securities by SPR HoldCo that are senior to the SPR HoldCo Preferred Stock with respect to dividend rights or on liquidation.
Each share of HoldCo preferred stock, par value $0.001 per share (the "HoldCo Preferred Stock"), issued in accordance with the provisions of Section 8.21 and held by Option Sub immediately and outstanding prior to the HoldCo Merger Effective Time, will be automatically converted into the right to receive a number of Parent Shares equal to the product of the Closing Stock Option Number and the Option Exchange Ratio.
Notwithstanding any provision in this Agreement and the Separation Agreement, GPC may implement the SPR HoldCo Exchange as a transfer by GPC of all of the outstanding stock of SPR Procurement and SPR, together with indebtedness of SPR that is held by GPC and its Affiliates, to SPR HoldCo in exchange for common stock of SPR HoldCo and no SPR HoldCo Preferred Stock (the “Common Stock SPR HoldCo Exchange”).
Promptly after the Effective Time, BNP Paribas will cause to be delivered to the holder of all outstanding shares of HoldCo Preferred Stock, as reflected in the books and records of the Company at the HoldCo Merger Effective Time, the number of Parent ADSs determined pursuant to Section 2.1(b).
Immediately after the Initial Exchange Effective Time, the share register of HoldCo shall be written up in respect of the HoldCo Common Stock and HoldCo Preferred Stock issued to Company Shareholders in exchange for the transfer, conveyance and delivery of the Company Shares.