Examples of Initial Common Shares in a sentence
A number of shares equal will be held in escrow equal to (i) two multiplied by (ii) the number of Initial Common Shares issued to such Buyer.
A number of shares equal will be held in escrow equal to (i) three multiplied by (ii) the number of Initial Common Shares issued to such Buyer.
Upon the issuance of the IXC Initial Common Shares on the Closing Date in accordance with this Agreement, the IXC Initial Common Shares will be duly authorized, validly issued, fully paid and nonassessable.
At the Closing, PSINet agrees to deliver to IXC certificates issued in IXC's name for all of the IXC Initial Common Shares.
The Sellers have the complete and unrestricted right, power and authority to cause the sale, transfer, and assignment of the Initial Common Shares and the Initial Preferred Shares pursuant to this Agreement.