HPI Shares definition

HPI Shares means "Surviving Corporation Shares".
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HPI Shares means shares of voting Common Stock of HPI, as adjusted to take into account any stock dividends, split-ups, recapitalizations, combinations, exchange of shares or the like, occurring prior to any payment date hereunder.
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HPI Shares means those 850,000 shares of Common Stock of HPI to be acquired by Equitex from Aton pursuant to this Agreement.
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Examples of HPI Shares in a sentence

  • The HPI Shares to be issued to PCM or either ---------- Shareholder hereunder, when issued in accordance with this Agreement, will be duly and validly issued, fully paid, non-assessable and will not be issued in violation of any preemptive rights.

  • The HPI Shares issued or issuable to PCM or ------------------- the Shareholders hereunder shall have those registration rights set forth in the Registration Rights Agreement.

  • Subject to the terms and conditions of this Agreement, Aton hereby covenants and agrees to sell, assign and transfer to Equitex, and Equitex hereby covenants and agrees to acquire from Aton on the Closing Date (as defined in Section 7.1), the HPI Shares held by Aton.

  • No fractional HPI Shares will be issued ----------------- hereunder; any fractional share otherwise issuable hereunder will be rounded up or down to the nearest whole share.

  • Equitex will not be liable to Aton for any amount exceeding the fair market value of the portion of HPI Shares acquired from Aton pursuant to this Agreement.

  • For purposes of this Section 8.4, the “fair market value” of the HPI Shares shall be equal to the price per share of the common stock of HPI most recently sold by HPI to a third party in an arms-length transaction.

  • Any transferee of the HPI Shares other than a purchaser of such shares after registration thereof takes subject to such restrictions.

  • There are no actions, suits or proceedings against Aton affecting its title to the HPI Shares or the right of Aton to execute, deliver and perform this Agreement and the transactions contemplated hereby.

  • The Merger and other transactions contemplated by this Agreement shall become effective on the date (the “Closing Date”) and at the time (the “Effective Time”) the Certificate of Merger shall become effective with the Secretary of State of the State of Delaware in accordance with the DGCL.

  • All such shares of Sales Stock, when so converted, shall no longer be outstanding and shall automatically be canceled and retired and each holder of a certificate representing any such shares shall cease to have any rights with respect thereto, except the right to receive cash and HPI Shares as provided in this Section 2.4.