Examples of IES Common Stock in a sentence
Except pursuant to the terms of the WPL/Interstate and IES/Interstate Stock Option Agreements, Interstate does not "beneficially own" (as such term is defined for purposes of Section 13(d) of the Exchange Act) any shares of WPL Common Stock or IES Common Stock.
Each Holder of an Allowed IES Common Stock Interest in Class 8 is entitled to vote to accept or reject the Plan.
All claims for undeliverable Distributions must be made on or before the second anniversary of the Effective Date, after which date (x) all Cash in respect of such forfeited Distribution including interest accrued thereon shall revert to Reorganized IES and (y) all New IES Common Stock or New Notes (to the extent applicable) in respect of such forfeited Distribution shall be cancelled, in each case, notwithstanding any federal or escheat laws to the contrary.
Whenever any Distribution to a particular Person would otherwise call for Distribution of a fraction of a share of New IES Common Stock, such number of shares to be distributed shall be rounded up or down to the nearest whole number and such Person shall receive no separate consideration for such fractional shares.
As a result, the Holders of the Allowed Senior Subordinated Note Claims will own 82% of the shares of New IES Common Stock issued and outstanding as of the Effective Date, subject to dilution by the issuance of shares of New IES Common Stock upon exercise of the New Options granted pursuant to the 2006 Long Term Incentive Plan.
From and after the Effective Time, the stock transfer books of IES and Interstate with respect to shares of IES Common Stock and Interstate Common Stock issued and outstanding prior to the Effective Time shall be closed and no transfer of any such shares shall thereafter be made.
As of the Effective Date, 2,310,626 shares of New IES Common Stock shall be issued, on a Pro Rata basis, to the Holders of IES Common Stock Interests in full satisfaction of and in exchange for such IES Common Stock Interests.
Existing IES management will receive 2.5% of the shares of New IES Common Stock issued and outstanding as of the Effective Date and 0.5% will be reserved for the new Chief Executive Officer and/or other new key employees, to be allocated by the board of directors of Reorganized IES.
The value of any New IES Common Stock received by Holders of Claims in satisfaction of interest-bearing obligations shall be allocated first to the full satisfaction of principal of such interest-bearing obligations and second in satisfaction of any accrued and unpaid interest.
The approval by the holders of a majority of the votes entitled to be cast by all holders of IES Common Stock (the "IES Shareholders' Approval") to approve the IES Merger, is the only vote of the holders of any class or series of capital stock of IES required for any of the transactions required by this Agreement or the Stock Option Agreements to which IES is a party.